Updated 4/4/2022
As of March 31, 2022, Indiana Wesleyan University has awarded $9,050,182 as financial aid grants to students from funds received under the American Rescue Plan Act, 2021.
Since January 1, 2022, an additional 4 students were identified as demonstrating exceptional need based on EFC and degree level and awarded a total of $4500.00. The same formula for the initial funding distribution was used to determine award amounts. Undergraduate students below an initial EFC cutoff received a $1800.00 grant, and graduate students within this initial EFC cutoff received an $800.00 grant. State eligible students and undergraduate students within a state eligible EFC range received a $1400.00 grant. Undergraduate students up to an EFC cap received a $500.00 grant.
Additionally, 4 students were identified as having exceptional need due to facing significant unexpected expenses. A total of $5390.00 was awarded to these students.
$3277.00 remains of said funding to assist students with additional need requests or award new students based on the formula above.
Updated 1/04/2022
As of December 31, 2021, Indiana Wesleyan University has awarded $9,040,292 as financial aid grants to students from funds received under the American Rescue Plan Act, 2021.
Since October 1, 2021, an additional 132 students were identified as demonstrating exceptional need based on EFC and degree level and awarded a total of $190,900. The same formula for the initial funding distribution was used to determine award amounts. Undergraduate students below an initial EFC cutoff received a $1800.00 grant, and Graduate students within this initial EFC cutoff received an $800.00 grant. State eligible students and undergraduate students within a state eligible EFC range received a $1400.00 grant. Undergraduate students up to an EFC cap received a $500.00 grant.
$13,167.00 remains of said funding to assist students with additional need requests or award new students based on the formula above.
Updated 10/08/2021
On May 19, 2021, Indiana Wesleyan University received notification of additional Higher Education Emergency Relief Funding under the American Rescue Plan Act, 2021 (ARP).
Indiana Wesleyan University received $9,053,459 to provide emergency financial aid grants to students. This funding may be used for any component of the student's cost of attendance or for emergency costs that arise due to coronavirus. All applicable funding received under the ARP (a)(1) and (a)(4) programs will be used to provide emergency financial aid grants to students.
As of September 30, 2021, $8,849,392 of said funding received under ARP has been disbursed to students as emergency financial aid grants. The remaining $204,067 will be distributed to students in future terms.
An estimated 11,945 students were determined to be eligible for the Higher Education Emergency Relief funding under the ARP. Indiana Wesleyan University used a formula based on information received from the FAFSA to determine students who demonstrated exceptional need. The FAFSA was also used to determine an expected family contribution (EFC) cutoff. 6648 students were identified as demonstrating exceptional need. Undergraduate students below an initial EFC cutoff received a $1800.00 grant, and Graduate students within this initial EFC cutoff received an $800.00 grant. State eligible students and undergraduate students within a state eligible EFC range received a $1400.00 grant. Undergraduate students up to an EFC cap received a $500.00 grant.
Students were notified by email of eligibility and timeline for distribution of funding. Students were instructed to reply to the email if they would like the emergency financial aid grant applied to their student account balance. The notification stated that funding would be disbursed to the refund preference on file unless an email was received by the student requesting the emergency financial aid grant be applied to their student account.
