by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
What financial aid options does IWU offer, and what will you qualify for? Keep scrolling for answers.
Indiana Wesleyan University average financial aid offer for freshmen students is $17,525.00. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Indiana Wesleyan University you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by Indiana Wesleyan University.
100% of incoming freshmen (670 total) were awarded scholarships at Indiana Wesleyan University, averaging $13,686.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 34% of freshman students (231 total) obtained federal grant aid, averaging $5,745.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 13.13% | $23,513.00 |
| Income 30k-48k | 8.66% | $21,593.00 |
| Income 48k-75k | 16.87% | $20,142.00 |
| Income 75k-110k | 15.82% | $16,628.00 |
| Income 110k + | 21.19% | $12,944.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 670 undergraduate students at Indiana Wesleyan University around 100% (670 total) receive some form of grant aid. The typical amount awarded was $17,525.00.
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.