by our College Data Analytics TeamMany students attending Wheaton College Illinois can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Discover the financial aid possibilities at Wheaton College Illinois and learn what assistance you might qualify for by continuing to read.
$23,473.00 is the typical Wheaton College Illinois’s first year financial aid package. About 94% of first year students receive financial aid, most of which is in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Wheaton College Illinois.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
85% of incoming freshmen (522 total) were awarded scholarships at Wheaton College Illinois, averaging $21,738.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 64% of freshman students (394 total) obtained federal grant aid, averaging $2,300.00 a piece.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.75% | $34,990.00 |
| Income 30k-48k | 4.89% | $32,404.00 |
| Income 48k-75k | 7.65% | $32,550.00 |
| Income 75k-110k | 11.40% | $27,177.00 |
| Income 110k + | 20.36% | $16,007.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
94% of the 614 undergraduates at Wheaton College Illinois receive some sort of grant aid. This is a total of about 522 students getting an average of $23,473.00 per person.
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.