I won a scholarship for $4,000 for four years, and one for $1,000 non renewable. The letter I got in the mail said that I couldn’t attend until I pay the full price. I too thought that I had to pay per semester and not the beginning of the school year. Anyway, I received $14,420 in financial aid from IU, which means the remaining price would be about $33,000 since I’m an out of state student. I only get $7,210 a semester, and it costs me about $12,000 to take at least four credits.