The fellowship agreement you received outlines the total MSHM fellowship offer. The award listed in your fellowship letter is based on the number of credit hours required for your degree program, and is based on the 2023-2024 rates for the MSHM program.

Indiana Resident Rate: $739.05/credit hour
Non-Indiana Resident Rate: $1,406.22/credit hour

MSHM fellowships are offered in the form of fee remissions. Fee remissions post to your IU account and disburse to your Bursar bill. MSHM fee remissions only apply towards tuition expenses, and only apply to your MSHM tuition. These fee remissions do not cover mandatory fees, or additional bursar expenses. As a result, your fee remission will only apply toward your tuition charges, not your overall bill.

Please note that MSHM fellowships can only cover credits that fulfill degree program requirements. Awards are posted at the beginning of Summer, Fall, and Spring semesters, based on expected enrollment. However, your award will be audited after the first week of courses to ensure your award is covering your actual MSHM enrollment.

If you add credit hours or reduce credit hours after the time your original fee remission disburses, the award can be updated, and either adjusted up or down depending on your addition or removal of credit hours.

We know that understanding tuition costs is crucial when making your admission decision. Please refer to our website for more information on the cost of tuition, fees, and estimated living expenses!

O'Neill School Cost Information

MoneySmarts is a free resource to students on the IU Bloomington campus with the single goal of helping students make informed financial decisions before, during, and after college. Their services range from online courses, individual consultations, and more.

They also provide individual help and consultations, as well as a plethora of financial courses regarding financial wellness, budgeting, savings, and financial aid.

Visit their webpage here for more information!

Utilize the MoneySmarts cost calculator to calculate your costs for the semester, based on how many credit hours you plan to take for a particular semester. The calculator factors in costs for fees, books and supplies, and more. 

You can also include your fellowship award amount as reflected in your fellowship award offer in the cost calculator. Adding in your fellowship will assist in providing clarity on your out of pocket costs.

There is a very specific way to calculate MSHM costs. You will want to select "O'Neill SPEA Public and Environmental Affairs & Business Program" to ensure the correct MSHM rates are used. In addition, to estimate your costs, select that you will take 6 credits online, as your Kelley School of Business courses are online courses.

Please note that the MSHM program has additional course fees associated with required courses that are not be reflected in the cost calculator. Both the Healthcare Leadership course in the fall and the Capstone course in the spring will have a $200 course fee to support professional development and certifications that all students will receive as part of the program. 

Additionally, an optional component of your MSHM program is a week-long course in Washington, D.C. over Spring Break in mid-March. If you choose to pursue this course, it is your responsibility to cover transportation to and from Washington, D.C. and lodging for the week. Some meals will be provided, but you should plan on paying for the majority of your meals for the week. 

Cost Calculator

IU General Scholarship Application

Master’s candidates are eligible to apply IU’s General Scholarship Application through searching for "scholarships" in One.IU. This application applies to a multitude of scholarships offered by Indiana University, including donor scholarships offered by the IU Foundation and the IU Alumni Association.

The IU General Scholarship Application should be submitted by March 10 for maximum funding consideration. In addition, you should submit this application every year!

Finally, make sure you’re looking at the IU Foundation and IU Alumni Association websites for additional scholarship resources that require individual applications.

IU GradGrants Center

The IU GradGrants Center is a resource for current master’s candidates on the IU Bloomington campus. Check out their website to review open Student Academic Appointments, funding resources, fellowship announcements, travel and research funding and more.

Visit the GradGrants Website!

We highly recommend for all graduate students to submit the FAFSA (Free Application for Federal Student Aid) annually. The FAFSA considers students for federal financial aid opportunities, including Federal Direct Loans.

FAFSA

Submit by April 15 annually

It is important to note that all federal financial aid awards and loans are offered by the Office of Student Financial Assistance and Student Central, not MSHM program leadership. If you have any questions about federal financial aid or loans offered through the FAFSA, you would need to contact Student Central directly.

• Maintain full-time student status. (8 credit hours per semester minimum)
• Tuition remission disburses each semester. Awards will apply to tuition charges only for credits that fulfill your degree program requirements. The typical MSHM student course load is 15 credits per semester.
• Fee amounts reflect preliminary residency status as determined by the University. Official residency status is determined by the Indiana University Office of the Registrar. The rate represented in this agreement does not represent a promise of residency status. Students must inform the MPO of any changes in their residency status.
• Students cannot receive more in institutional funding and federal financial aid than the official cost of attendance. If another funding source covers total cost of attendance, O’Neill funding will be forfeited. In addition, O’Neill tuition remissions can only apply toward tuition expenses. If another funding source provides full tuition, then O’Neill tuition remission award(s) will be forfeited.
• Any course and/or University withdrawal that may result in a tuition refund must be reimbursed in full by the student.
• Maintain a cumulative 3.4 GPA. Failure to do so may result in termination of the award.
• Tuition remissions can only apply towards credits that fulfill degree program requirements.
• Tuition remissions are credited to students' Bursar accounts prior to the beginning of each semester and cannot be withdrawn as cash.
• Students are responsible for informing the MPO of any discrepancies between the information above and award payments actually received.
• A Director may modify or void this contract at his/her discretion if recipients do not comply with academic, award, and/or renewal policies.
• This agreement is based on federal Affordable Care Act (ACA) guidelines and in accordance with Indiana University policy as of February 1, 2019. It may be updated, if required to comply with federal laws and regulations.

As stated previously, your MSHM fellowship can only cover tuition expenses, which your other departmental award would cover as well. If you receive funding from another source from Indiana University that will cover your tuition, you will not be able to accept your tuition award through the MSHM program.

Please note this only applies to aid offered by Indiana University. This stipulation does not pertain to federal financial aid and loans.

No. Fellowship offers are are tuition awards only.