by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Interested in understanding the financial aid resources available at Illinois Wesleyan and your eligibility? Find the answers you seek below.
$30,667.00 is the typical Illinois Wesleyan University’s first year financial aid package. 100% of reshman students get financial aid, most of which is in the form of grants and scholarships
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Illinois Wesleyan University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
99% of new students (406 total) were given scholarships at Illinois Wesleyan University, averaging $28,329.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 84% of first-year students (344 total) got a federal grant, for about $1,698.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 6.85% | $43,888.00 |
| Income 30k-48k | 8.56% | $42,298.00 |
| Income 48k-75k | 9.05% | $32,079.00 |
| Income 75k-110k | 15.65% | $29,823.00 |
| Income 110k + | 44.01% | $22,095.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
409 Illinois Wesleyan undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $30,667.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.