News

Cost and financial aid

Program Tuition and Fees, Cohort I (2009-2010)

  • The 36-hour M.A.T. degree program costs $18,000 ($500/credit hour).
  • A additional $930 in course fees will be charged, spread out over two years.
  • There is no parking fee—UIndy students are issued a free permit to park in designated lots on campus.
  • Textbook costs are kept to a minimum because of our project-based curriculum.

Understanding your aid eligibility

Maintain at least half-time status

Graduate-level programs such as the Woodrow Wilson Indiana Teaching Fellowship Program require that students be enrolled at least half-time, or 4.5 credit hours each semester, in order to remain eligible for aid. The University of Indianapolis intentionally has designed its Woodrow Wilson Indiana Teaching Fellowship Program (WWTF) course schedule to ensure that you remain at least half-time during the first four semesters of your degree program.

About the stipend and disbursement

The Woodrow Wilson Foundation will provide a $30,000 fellowship stipend, paid directly to you, which can be used toward tuition, room and board, books, and general living expenses. Fellows will be given the opportunity to choose their own stipend payment schedule. You should plan to work directly with Jennifer Drake, the director of the University’s WWTF program, to make your selection.

Scheduled payment options are:

  • $15,000 in June and January
  • $15,000 in September and January
  • $15,000 in June and September and
  • three payments of $10,000 each in June, September, and January.

The Foundation will verify with UIndy that course registration and academic standing requirements are met at the appropriate times prior to releasing each payment.

Is the stipend taxable?

Please consult with your tax advisor for further information. The Woodrow Wilson Foundation will provide the required tax form documenting the stipend payment for use in your tax preparation. It is recommended that you also maintain copies of your semester bills. As a general rule, any aid awarded above your cost of tuition, fees, and book expenses may be taxable.

Eye on the Future

Cancellation and deferment options for teachers

If you teach in a low-income or subject-matter shortage area, it might be possible for you to cancel or defer your student loans.

To find out more about the eligibility requirements for teacher loan forgiveness, deferment provisions for teaching for the Stafford Loan Program, or the Perkins Loan Program, visit www.federalstudentaid.ed.gov/tc, which is the Web site of the U.S. Department of Education’s Cancellation/Deferment Option for Teachers.

Also visit Stafford Loan Forgiveness Program for Teachers for more information.

TEACH Grant

The TEACH Grant award may offer up to $4,000 per year in grants to graduate students enrolled in eligible campus-based degree programs who

  1. intend to teach full-time in high-need subject areas;
  2. agree to teach for at least four years within an eight-year time frame post-graduation;
  3. agree to teach at schools that serve students from low-income families;
  4. maintain an active Agreement to Serve and Promise to Pay service contract with the U.S. Department of Education until the four-year service is met;
  5. meet all award eligibility criteria related to grade point average.

All first-time award recipients must complete pre-award career and financial aid counseling, and return recipients must complete an award request and subsequent career counseling before the grant will be approved. Lifetime maximum limits exist for this federal award of $8,000 for graduate students. These grants are converted to Direct Unsubsidized Loans (with interest from the first loan disbursement) if you are not able to meet and maintain the basic award criteria.

General TEACH Grant information can be found online.

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