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National Application Center :: campus tours :: Illinois Wesleyan University costs & financial aid

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Illinois Wesleyan University

Illinois Wesleyan University
Box 2900
Bloomington, IL 61702-2900

Official telephone: (309) 556-1000
Fax number: (309) 556-3411
Website: www.iwu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Scott Seibring,
Director of Financial Aid
Contacting the office: 309 556-3096
309 556-3411 (fax)
iwufaid@iwu.edu
FAFSA number: 001696
CSS/PROFILE number: 1320

EXPENSES
Undergraduate tuition: $43,940; $43,940 out-of-state
Additional required fees: $202
Book fees: $800
Miscellaneous expenses: $1,600
Other expenses: Transportation and miscellaneous.
Combined room and board expenses: $10,178

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A
Institution's own financial aid formMarch 1yesN/A

Date award notification begins: March 1
Applied for financial aid:
86% of first-year students
78% of full-time undergraduates
Determined to have financial need:
77% of first-year students
84% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
76% of first-year students
83% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
15% of first-year students
11% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
45% of first-year students
41% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
87% for first-year students
85% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$31,948 for first-year students
$30,720 for full-time undergraduates
Average need-based gift award:
$26,251 for first-year students
$24,220 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$5,937 for first-year students
$7,070 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$4,318 for first-year students
$5,566 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
33% of first-year students
33% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$19,615 for first-year students
$16,936 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • Federal Nursing Loans
  • College/University Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 69%
Average student debt upon graduation: $35,219
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • creative arts/performance
  • music and drama scholarships.

ADDITIONAL INFORMATION

Illinois Wesleyan has long been known for the economic diversity of its student body. Our students come from small towns, big cities, suburbs and faraway places. Their parents range from professionals and family farmers to blue-collar workers and small business owners to shop clerks and government workers. We truly feel that this diversity enhances the learning experience on campus. Therefore, each year Illinois Wesleyan allocates over $27 million to a wide range of financial assistance programs so that talented and deserving students from many different circumstances have the opportunity to attend the University. More than two-thirds of our students are awarded merit or talent scholarships and more than half receive need-based grants, sometimes in addition to a previously offered scholarship. The overwhelming majority of these funds are made possible by the generosity of alumni and friends of the University. Overall, more than 90% of students qualify for some type of gift assistance from Illinois Wesleyan.

 
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