Cost and Scholarships

We offer more than 50 scholarship opportunities to first-year Direct Admit, current, and transfer students studying business at Kelley Indianapolis. These scholarships are available thanks to the generous contributions of our alumni, corporations, and foundations.

Questions about scholarships?

Timelines and application deadlines

Indiana University Indianapolis admission-based scholarships

• November 15: Priority date for full merit aid consideration
• February 15: Final deadline to apply for admission-based scholarships and competitive/diversity scholarships

Kelley competitive scholarships

• Incoming Direct Admit students: Opens on December 1. Due date is February 15.
• Current or transfer students: Opens on January 7. Due date is March 15.
• All applicants are encouraged to submit the Free Application for Federal Student Aid (FAFSA) prior to the scholarship application deadlines.

Scholarship details and application instructions

Incoming Direct Admit students

• If you are admitted to IU Indianapolis and meet the Kelley Indianapolis direct admission qualification, you are automatically considered for a Jaguar Excellence Award. You must apply before February 15 and have a high school GPA of 3.5 or higher. Jaguar Excellence Awards range from $1,000 per year to $5,000 per year, based on your residency and high school grade point average.
• If you meet Kelley Indianapolis direct admissions qualifications, be sure to complete the General Application to see a list of recommended scholarship opportunities we have available for you. Follow these steps to know how to use IU's Scholarship System.
• Applications open on December 1 and close on February 15 each year. Scholarship recipients are notified by May 1 if offered an award.
• Several Kelley Indianapolis scholarships give special consideration to underrepresented minority students. To be considered for these scholarships, you must complete the IU Indianapolis general scholarship for diverse populations.

Students from select states may be eligible for the Midwest Student Exchange Program (MSEP) Award. Residents of Indiana partner states who have a minimum GPA of 2.75 or higher will automatically receive the Midwest Student Exchange Program Award, which represents a 56.9% reduction in out-of-state tuition at IU Indianapolis.

Residents of Illinois, Kentucky, Michigan, and Puerto Rico who are admitted to IU Indianapolis and have a minimum 3.0 GPA will receive the IU Indianapolis Student Excellence Award. Like the Midwest Student Exchange Program, these will be automatically awarded at the time of admission and provide students with an award accounting for a 56.9% reduction in out-of-state tuition.

While completing the Free Application for Federal Student Aid (FAFSA) is not mandatory, students should file the FAFSA each year to ensure consideration for both merit- and need-based Kelley undergraduate scholarships. Nearly 30% of all general scholarship funds awarded by the Kelley School are designated for students with demonstrated financial need. Students who have not completed the FAFSA are not eligible for these need-based scholarships but will still be considered for merit-based awards and those based on other criteria.

Current Kelley students

• Current Kelley sophomores, juniors, and seniors only need to submit the General Application once a year to be considered for most of our funded scholarships.
• General applications open on January 7 and close on March 15 each year. Scholarship recipients are notified by May 1 if offered an award.

While completing the Free Application for Federal Student Aid (FAFSA) is not mandatory, students should file the FAFSA each year to ensure consideration for both merit- and need-based Kelley undergraduate scholarships. Nearly 30% of all general scholarship funds awarded by the Kelley School are designated for students with demonstrated financial need. Students who have not completed the FAFSA are not eligible for these need-based scholarships but will still be considered for merit-based awards and those based on other criteria.

Transfer students

Current students who meet the Kelley School of Business Option 1 or Option 2 criteria can submit the General Application. Kelley Indianapolis does not currently offer scholarships to incoming transfer students, but below are more options:

• The Diversity Transfer Scholarship is available for those starting during the Fall semester. The deadline is May 15. Students transferring from another college or university AND are admitted into the Kelley School of Business can submit the IU Indianapolis General Scholarship.
  • In recognition of the work you’ve already completed, you are eligible for two types of scholarships: admission-based awards and competitive awards. Review our available scholarships and deadlines for transfer students.

  Out-of-state students have multiple opportunities at Kelley Indianapolis.

  Students from select states may be eligible for the Midwest Student Exchange Program (MSEP) Award. Residents of Indiana partner states who have a minimum college GPA of 2.75 or higher will automatically receive the Midwest Student Exchange Program Award, which represents a 56.9% reduction in out-of-state tuition at IU Indianapolis.

  Residents of Illinois, Kentucky, Michigan, and Puerto Rico who are admitted to IU Indianapolis and have a minimum 3.0 GPA will receive the IU Indianapolis Student Excellence Award. Like the Midwest Student Exchange Program, these will be automatically awarded at the time of admission and provide students with an award accounting for a 56.9% reduction in out-of-state tuition.

  While completing the Free Application for Federal Student Aid (FAFSA) is not mandatory, students should file the FAFSA each year to ensure consideration for both merit- and need-based Kelley undergraduate scholarships. Nearly 30% of all general scholarship funds awarded by the Kelley School are designated for students with demonstrated financial need. Students who have not completed the FAFSA are not eligible for these need-based scholarships but will still be considered for merit-based awards and those based on other criteria.

  Kelley Indianapolis undergraduate scholarship list

  Direct Admit students

  • Alice M. Richter Scholarship
  • Bessie Annie Fannings Memorial Scholarship
  • Carey Lykins Diversity Scholarship
  • Debra M. and Mark S. Fritz Scholarship
  • Dr. Roger Jerman Scholarship
  • Gauger Family Scholarship
  • Greg & Traci Dolan Scholarship
  • Indiana Motor Truck Association Scholarship
  • James C. Smith Finance Scholarship
  • Kelley Indianapolis Faculty Undergrad Scholarship
  • Kelley Indianapolis General Scholarship
  • Kelley School of Business Finance Scholarship
  • KeyBank Scholarship
  • Margo C. Fritz Scholarship
  • Ralph L. Swingley Scholarship
  • Sam H. Jones Minority Scholarship
  • Todd Roberson Scholarship

  Current students

  • Bruce & Carolyn Laughlin Northwestern Mutual Scholarship
  • Constance Coover Lewis Scholarship
  • David I. Klapper Scholarship
  • Delphia E. Croft Scholarship for Business Ownership
  • Delta Sigma Pi
  • Elliott and Estelle Nelson and Family Scholarship
  • Geraldine S. Bernath Scholarship
  • Ginny Marzke Memorial Scholarship
  • Hazel P Chattaway Scholarship
  • Helen Jeffers Memorial Scholarship
  • John P. Carney Scholarship
  • John W. Berry Scholarship Fund
  • Lawrence E. Magner Human Resource Management Scholarship
  • Michael Williams Endowed Scholarship
  • Moe Silverman Family Scholarship
  • Peggy Daniels Lee Diversity Scholarship
  • Richard L. Rogers Scholarship in Accounting
  • Robin Scott Hunden IUPUI Real Estate Scholarship
  • William F. Buchanan Prize Fund

  RISE Scholarships

  • Anne M. Coveney RISE Scholarship
  • Charles Henry Buchanan RISE Scholarship
  • Citizens Energy Group RISE Diversity Scholarship 1
  • Citizens Energy Group RISE Diversity Scholarship 2
  • Daniel A. Courtney Family RISE Scholarship
  • Dr. Les and Mary Lou Waters RISE Scholarship
  • Gordon C. Miller RISE Scholarship
  • Mays Family RISE Scholarship for Men in Business 1
  • Mays Family RISE Scholarship for Men in Business 2
  • Mays Family RISE Scholarship for Women in Business 2
  • Powers & Sons Construction Company, Inc. Diversity Scholarship
  • Robert L. and Cynthia Jennings Grimm RISE Scholarship in Business Leadership
  • Visker Family RISE Scholarship 1
  • Visker Family RISE Scholarship 2
  • Visker Family RISE Scholarship 3

  Varsity Athletics Scholarships

  • Bruce & Carolyn Laughlin Northwestern Mutual Athletic Scholarship
  • Stephen and Betty Sterrett Scholarship

  Travel Scholarships

  • Dr. Victor E. Childers International Study Award
  • E. James Flynn & Barbara Flynn Study Abroad Scholarship

  Contact busugrad@iupui.edu for more information about scholarships.

  IU Indianapolis and external financial resources

  IU Indianapolis resources

  • 21st Century Scholars at IUPUI
  • Indy Achieves Promise Scholarship
  • Information for DACA recipients
  • Calculate Your Costs
  • Net Price Calculator
  • Payment Options
  • Sponsorship Payment
  • THRIVE Program
  • Norman Brown Diversity & Leadership Scholars Program
  • Olaniyan Scholars Program: Program specific questions contact olanyian.iupui.edu
  • Diversity Scholars Research Program: Program-specific questions contact: Tonya Shelton at toshelto@iupui.edu
  • Diversity Transfer Scholarship: Deadline is May 15 for fall admission only
  • Nina Mason Pulliam Scholars Program: Program specific questions contact: Charlie Johnson at nina@iupui.edu
  • IPS - Senior Academy Freshman Scholarship: Incoming freshmen: deadline application is February 15
  • Sam H. Jones Community Service Scholarship Program recognizes IUPUI students for the previous service to their high school, campus, or community. For more information, contact Charli Lienemann at 317-274-7535 or charli@iupui.edu

  Scholarships outside of IU Indianapolis

  • College Board Scholarship Search
  • Sallie Mae’s College Answer – “Free Money for College”
  • FastWeb Scholarship Search
  • FinAid – SmartStudent Guide to Financial Aid.
  • InternationalStudent.com Resource Center
  • Appily (formerly Cappex)
  • Central Indiana Community Foundation (Indiana residents)
  • Fastweb
  • Niche
  • Peterson’s
  • Scholarships.com
  • Unigo

  We don’t recommend using paid scholarship search sites. You can learn about common scholarship scams at the Better Business Bureau or the Federal Trade Commission.

  RISE Scholarship

  Are you interested in the research, international, service learning, and experiential learning aspects of a degree?

  • Qualified current Kelley students who are interested in the research, international, service learning, and experiential learning (RISE) aspects of a degree must meet the RISE criteria to apply.
  • Student must be registered in a Kelley course that has a RISE designation.
  • RISE application open period is:
    
    • Spring 2025: January 13 to January 31

    What will you pay?

    There's no question that a college education is a big investment. When you choose Kelley, you can feel confident that you're getting a great return on your investment.

    To make it easy for you to see exactly how much your degree may cost at Kelley Indianapolis, here is a cost breakdown!

    Indianapolis: An affordable place to live and learn.

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