Financial Aid Options

Additional Details

• Incoming high school graduates must be a 21st Century Scholar with a cumulative high school grade point average of 3.0 or higher and be PELL eligible.
• Incoming transfer students must be a 21st Century Scholar with a cumulative college grade point average of 3.0 or higher and be PELL eligible.

Enrollment Requirements: Full-time enrollment in fall and spring semesters. The 21st Century Scholarship is for new students enrolling in the fall of 2024 on the IWU-Marion campus.

Grant Amount Details: The 100% scholarship is comprised of all sources of aid (Indiana Wesleyan University gift aid and external aid sources such as federal and state grants) students are eligible to receive.

Additional Details

Application Process: File the FAFSA by April 15 for the following fall semester. FAFSA corrections must be made by May 15. Student must have initially signed up for the program during grade 6, 7, or 8 at a school in Indiana.

Eligibility Requirements: Student must be an Indiana resident and a U.S. citizen or eligible noncitizen. Student must be a high school graduate and must sign and mail his or her Twenty-first Century Scholars pledge affirmation to the state by March 10 prior to fall semester college enrollment.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester. Eligible students will also complete 30 credit hours per academic year.

Additional Details

Eligibility Requirements: Academic Merit Scholarships will be awarded to first-time incoming freshman based on their high school grade point average at time of admission (3.0, or higher GPA.) 

Renewal Requirements: In order to receive the four-year commitment, students must be enrolled full-time each year and meet SAP requirements to maintain institutional aid.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester

Additional Details

Eligibility Requirements: At least a semester removed from high school at the point of admission and have completed at least 12 college credits after high school graduation.

Renewal Requirements: Students must be enrolled full-time each year and meet SAP requirements to maintain institutional aid. This award is renewable up to a maximum of 7 semesters.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester

Additional Details

Award Amounts: Up to $1,000 per year unless the student has earned certificates in excess of $4,000, in which case the student may use 1/4 of the total certificate value each year.

Application process: Must submit original scholarship certificates prior to fall enrollment. Certificates received after the deadline date must be used the following academic year(s).

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester  

Additional Details

Application Process: Applications must be completed and submitted to the Financial Aid Office. Students must apply for all state and federal grants for which they are eligible, excluding loans, and must also apply for any external scholarships.

Eligibility Requirements: Students must be under the age of 23 and dependents of full-time paid employees with full benefits of a cooperating coalition institution.

Filing Deadline: The application for Tuition Exchange must be received prior to January 15 for the following fall semester. If there are spaces for spring, applications must be received by Oct. 1.

Renewal Requirements: Recipients must submit before May 1 of each academic year the continued eligibility form confirming their parent/guardian continues to be a full-time paid employee with benefits at the participating institution.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester

Special Rules: Students must be residents in the university-managed residence facilities and on full board from dining services. Students may only receive the Tuition Exchange for a total of eight (8) semesters on the condition that at least one parent remains employed full time at the cooperating institution. Students are required to file the FAFSA each year.

Additional Details

Requirements: File the FAFSA, preferably by April 15, for the following fall semester, although eligibility for this fund continues regardless of the FAFSA filing date.

Eligibility Requirements: Demonstrate high financial need

EFC Eligibility range: 0 - 5,576 for 2019-2020 Academic Year

Enrollment Requirements:

• 12 or more credit hours required per term for full award
• 9 - 11 credit hours required for 3/4-time award in some cases
• 6 - 8 credit hours required for 1/2-time award in some cases
• 1 - 5 credit hours required for less-than-1/2-time award in some cases

Enrollment changes may impact Pell eligibility.

Grade-level Eligibility: First undergraduate degree only. Pell Grant funding cannot be used for graduate class expenses or subsequent undergraduate studies after the student earns his or her first bachelor's degree.

Additional Details

The Frank O'Bannon Grant includes both the Higher Education Award and the Freedom of Choice Award. The grant is designed to provide access for Hoosier students to attend eligible public, private and proprietary postsecondary institutions. Eligibility for the grant is based on financial need as determined by the FAFSA. The grant may be used toward tuition and regularly assessed fees.

More information can be found on CHE: Frank O'Bannon Grant

Requirements: File the FAFSA by April 15 for the following fall semester.

Eligibility Requirements: Student must be an Indiana resident and a U.S. citizen or eligible noncitizen. Student must be a high school graduate or hold a GED. Student must show financial need for this award. 

EFC Eligibility Range: 0 - 7,000 for 2019-2020 Academic Year

Enrollment Requirements: Full-time enrollment each fall and spring semester. Eligible students will also complete 30 credit hours per academic year.

Additional Details

We are pleased to offer this exclusive scholarship for residents of Grant County through the generosity of IWU donors. The funds used to create the Hodson and Scripture scholarship provide a financial pathway for local students desiring an on-campus experience at Indiana Wesleyan University.  

Application Process:  Students must apply for all state and federal grants for which they are eligible, excluding loans.

Eligibility Requirements: 

• Live in and attend a high school in Grant County (Indiana)
• A 2024 high school graduate
• Cumulative high school GPA of at least 2.6
• Enroll as full-time IWU student on the Marion campus for fall 2024

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment for fall 2024.

Scholarship Amount Details: Students meeting eligibility requirements will receive a $16,000 Scholarship (awarded as $4,000 annually.) This scholarship will be awarded in addition to eligible academic awards, federal aid, and state aid.

Application: To be considered for the scholarship, please apply by Monday, January 15^th.

Apply

Additional Details

Requirements: File the FAFSA by April 15 for the following fall semester.

Eligibility Requirements: Student must be an Indiana resident and a U.S. citizen or eligible noncitizen. Student must be a high school graduate. Student must show financial need for this award. For a first-time freshman to be eligible they must have earned the Academic Honors Diploma or Technical Honors Diploma. Sophomore through seniors must have earned at least a 3.0 GPA the preceding year to be eligible.

Renewal Requirements: Eligibility for this award is calculated annually

EFC Eligibility Range: 0 - 9,500

Enrollment Requirements: Full-time enrollment each fall and spring semester

Additional Details

Requirements: File the FAFSA by March 10 for the following fall semester. FAFSA corrections must be made by May 15.

Eligibility Requirements: Student must be an Indiana resident and a U.S. citizen or eligible noncitizen. Student must be a high school graduate. Student must show financial need for this award. Sophomores or juniors can receive this award if they completed 39 credit hours during the previous academic year.

Renewal Requirements: Eligibility for this award is calculated annually

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Additional Details

Eligibility Requirements: International Scholarship will be awarded to first-time incoming freshman and transfer international students. This scholarship replaces the academic scholarship with the exception of those meeting the academic scholarship requirements ranging from $11,000 to $16,000. Students meeting the higher academic scholarship criteria will have the $10,000 International Scholarship replaced by the higher academic award.

Renewal Requirements: In order to receive the four-year commitment, students must be enrolled full-time each year and meet SAP requirements to maintain institutional aid. This award is renewable up to a maximum of 8 semesters.

EFC Eligibility range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Additional Details

Requirements: Completion of the FAFSA and full admission to the university are required for consideration.

Eligibility Requirements: Eligibility is based on the student's calculated financial need and other financial aid received based upon anticipated direct costs. Changes in housing arrangements, meal plans chosen or other factors that adjust a student's direct costs for attendance will influence eligibility.

Renewal Requirements: Eligibility for this award is calculated annually

EFC Eligibility Range: Open, but financial need must be demostrated

Enrollment Requirements: Full-time enrollment required

Additional Details

Application Process: Submit completed Application, which includes a pastoral recommendation.

Eligibility Requirements: Student must be a member of or regularly attend a Wesleyan church; be accepted for admission at IWU with a minimum GPA of 2.8 on a 4.0 scale; be active in church and district events and show a regular positive influence in those ministries; and demonstrate a commitment to Wesleyan higher education.

Renewal Requirements: Renewable; student must remain full-time and maintain a GPA 2.5 or above to be eligible for renewal

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall/spring semester

Application

Additional Details

Requirements: Submit a copy of the certificate or letter certifying your status as a National Achievement recipient sent to the Office of Admissions

Eligibility Requirements: Student must be entering as a freshman and have a cumulative high school GPA of at least 3.5 (on a 4.0 scale).

Renewal Requirements: Available for up to eight semesters. Student must be enrolled full-time (at least 12 credit hours fall and spring semesters) and must achieve a 3.2 minimum cumulative GPA by the end of May term each year. National Achievement Scholarships are not available for summer sessions, and credits earned and GPA achieved in summer sessions do not count toward eligibility requirements until the following fall or spring calculation.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester

Special Rules: Student is not eligible for any additional IWU academic scholarships. If lost, the award may be reinstated following completion of the next academic semester if eligibility requirements are met.

Additional Details

Application Process: Must have a valid year-appropriate FAFSA and all associated paperwork on file

Eligibility: 

• Must demonstrate high financial need and must not have met the maximum lifetime eligibility, which is the equivalent of 6 school years.
• Available to undergraduate students seeking their first undergraduate degree

Renewal Requirements: Renewal FAFSA is required, and eligibility is determined annually.

EFC Eligibility Range: 2023-2024 award year: $0-$6,656

Enrollment Requirements: Students will have their Pell Grant eligibility calculated based upon their enrollment status for each term.

Additional Details

Application Process: Must have a valid year-appropriate FAFSA on file. FSEOG is a limited funding source and may not be available to all students who meet the award eligibility criteria.

Eligibility: 

• Students must be Pell Grant eligible and demonstrate high financial need
• Available to undergraduate students seeking their first undergraduate degree

Renewal Requirements: Renewal FAFSA is required, and eligibility is determined annually

EFC Eligibility Range: $0

Enrollment Requirements: Eligible students may have enrollment status of less-than-halftime, half-time, three-quarter-time, or full-time.

Additional Details

Application Process: Must complete the FAFSA and all associated paperwork, and the necessary TEACH documentation

Eligibility: 

• Must meet all criteria to be eligible for federal student aid

Renewal Requirements: The FAFSA, TEACH Grant Counseling session, and TEACH Grant Agreement to Serve must be completed annually

EFC Eligibility Range: Open

Enrollment Requirements: Must be enrolled in one of the following Master of Science education programs: 

• Biology in Education
• Early Childhood Education
• Early Childhood Teaching
• Elementary Teaching
• English in Education
• English as a New Language - IN Licensure
• English as a New Language - Non-Licensure
• Mathematics in Education
• Physics in Education
• Secondary Teaching
• Special Education - Indiana
• Special Education - Non-Licensure
• Special Education - Ohio
• Tech/Digital Literacy in Education

Special Rules: 

In exchange for receiving a TEACH Grant, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. You must teach for at least four academic years within eight calendar years of completing the program of study for which your received a TEACH Grant. If you fail to complete this service obligation, all TEACH Grant funds that you received will be converted to a Federal Direct Unsubsidized Stafford Loan; you must then repay the total amount to the U.S. Department of Education and will be charged retroactive interest from the date the grant was disbursed. We encourage only those students who believe they can fulfill this service obligation to accept this fund.

High-Need Fields:

• Bilingual Education and English Language Acquisition
• Foreign Language
• Mathematics
• Reading Specialist
• Science
• Special Education
• Other Identified TEACH Shortage Areas as of the time you begin teaching in that field

Additional Details

Filing Deadline: Must file the FAFSA by April 15 for the following fall award

Application Process: Must have valid year-appropriate FAFSA on file

Eligibility: 

• Available to undergraduate students seeking their first undergraduate degree
• Students must be Indiana residents in a degree-seeking program who have not already earned a bachelor's degree, show financial need, and are eligible for federal student financial aid
• Additionally, students must not have met the maximum lifetime eligibility, which is the equivalent of 4 years

Renewal Requirements: Students must file the FAFSA for the next award year and make corrections by the appropriate deadlines. Additionally, students must successfully complete at least 24 credit hours within the student-specific 12-month period for which the prior Indiana State Grant award was made.  Students must continue to meet all eligibility requirements.

EFC Eligibility Range: 2023-2024 award year: $0-$8,500

Enrollment Requirements: Eligible students must be enrolled full-time for each student-specific Indiana State Grant term.

Special Rules: Final award amounts are determined by actual program tuition cost per credit hour

Additional Details

Filing Deadline: Preferred FAFSA filing deadline is March 15, but funds are often exhausted as early as the first week of February due to the high number of FAFSAs received. Students should complete the FAFSA as soon as possible.

Application Process: Must have valid year-appropriate FAFSA on file

Eligibility: 

• Available to undergraduate students seeking their first undergraduate degree
• Students must be Kentucky residents in an undergraduate program who show financial need and are eligible for federal student financial aid.

EFC Eligibility Range: Determined annually by the State

Enrollment Requirements: Eligible students must be enrolled in at least 12 credit hours between July 1 and December 31 (fall term) and/or January 1 and June 30 (spring term) for a full-time award. A part-time award (6-11 credit hours) may be available.

Special Rules: Students must be enrolled in at least 6 credit hours of courses for the term taken at a site located within Kentucky in order for online courses to count toward the credit hour requirement

Costs This Aid Can Cover: May be applied toward anything in the student's Cost of Attendance, not limited to tuition and fees

Additional Details

Filing Deadline: April 1 for fall and summer terms; October 1 for spring term

Application Process: Must submit a Kentucky National Guard application

Eligibility: 

• Available to undergraduate students seeking their first undergraduate degree
• Must be a member of the Kentucky National Guard considered in "good standing"
• Must complete Basic Training
• Must be in an undergraduate program attending IWU's Louisville Education Center, or online

Enrollment Requirements: Must be enrolled in at least 12 credit hours per term for full-time award. Courses must start on or after July 1 for fall term, on or after January 1 for spring term, and on or after June 1 for summer term. A part-time award is available for less than full-time attendance (1-11 credit hours).

Costs This Aid Can Cover: May be applied toward tuition and fees

Additional Details

Filing Deadline: Must file the FAFSA by October 1 of the appropriate award year

Application Process: Must have a valid year-appropriate FAFSA on file

Eligibility: 

• Available to undergraduate students seeking their first undergraduate degree
• Students must be Ohio residents in an undergraduate program who show financial need and are eligible for federal student financial aid

EFC Eligibility: Determined annually by the state

Renewal Requirements: File the next award year FAFSA by the appropriate deadline

Enrollment Requirements: Eligible students must be enrolled in at least 12 credit hours between July 1 and December 31 (fall term) and/or January 1 and June 30 (spring term)

Costs This Aid Can Cover: May be applied toward tuition only

Special Rules: Only courses taken at a site located within Ohio or online courses taken as part of one of the approved programs may count toward the credit-hour requirement.

Additional Details

Additional Details

Requirements: Submit a copy of the certificate or letter certifying your status as finalist or semi-finalist to the Office of Admissions

Eligibility Requirements: Student must be entering as a freshman and have a cumulative high school GPA of at least 3.5 (on a 4.0 scale).

Renewal Requirements: Available for up to eight semesters. Student must be enrolled full-time (at least 12 credit hours fall and spring semesters) and must achieve a 3.2 minimum cumulative GPA by the end of May term each year. National Achievement Scholarships are not available for summer sessions, and credits earned and GPA achieved in summer sessions do not count toward eligibility requirements until the following fall or spring calculation.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment each fall and spring semester

Special Rules: Student is not eligible for any additional IWU academic scholarships. If lost, the award may be reinstated following completion of the next academic semester if eligibility requirements are met.

Additional Details

Requirements: Submit a copy of the certificate or letter certifying that you were selected as one of College Board’s four recognition programs (National African American Recognition, National Hispanic Recognition Program, National Indigenous Program and National Rural and Small Town Program) to the Office of Admissions.

Eligibility Requirements: Student must be entering as a freshman and have a cumulative high school GPA of at least 3.5 (on a 4.0 scale).

Renewal Requirement: Available for up to eight semesters. Student must be enrolled full-time (at least 12 credit hours fall and spring semesters) and must achieve a 3.2 minimum cumulative GPA by the end of May term each year. National Hispanic Recognition Scholarships are not available for summer sessions, and credits earned and GPA achieved in summer sessions do not count toward eligibility requirements until the following fall or spring calculation.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Special Rules: Student is not eligible for any additional IWU academic scholarships. If lost, the award may be reinstated following completion of the next academic semester if eligibility requirements are met.

Additional Details

Eligibility Requirements: Must attend IWU full time. Student must be a U.S. citizen who is not an Indiana resident and attend a Wesleyan church in his or her home community that is part of the Wesleyan Church denomination. 

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Additional Details

Requirements: The student must list pertinent parental information on the application for admission.

Eligibility Requirements: The student's parent must be a full-time ordained minister serving in a local church ministry. The recipient must be considered a dependent for financial aid purposes and attend IWU full time.

Renewal Requirements: Renewable annually provided the parent continues to serve in full-time capacity and the student continues to meet other eligibility criteria

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Additional Details

Application Process:  Loan/Grant application required – visit www.questafoundation.org for details.

Eligibility Requirements: Questa Education Foundation assists individuals in attaining further education beyond high school, graduating with less debt, and becoming contributing members of Northeast Indiana’s workforce.  Questa offers low-interest forgivable loans that could be up to 75% forgiven. Questa serves individuals pursing further education throughout the 11 counties of Northeast Indiana including: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Whitley, Wabash and Wells. 

Indiana Wesleyan University is a contributing Payback Partner in the Questa Scholars Program; if all criteria are met, Questa Scholar recipients may borrow up to $20,000 and have up to 75% of the debt forgiven. Visit www.questafoundation.org for more information.

Renewal Requirements: Refer to Questa guidelines

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Grade-Level: All

Additional Details

Requirements: File the FAFSA by April 15 for Fall 2024.

Eligibility Requirements: Student must reside in the state of Indiana. Eligibility is based on the student's calculated financial need and other financial aid received.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters.

Additional Details

Eligibility Requirements: Student must attend IWU full time, must be preparing for ordained ministry under appointment of a district of the North American General Conference of The Wesleyan Church and must have completed at least one full year of study at IWU before receiving this award. This fund is available only to junior and senior Christian Ministries and Youth Ministries majors. The award is in addition to funds awarded directly through the Wesleyan Headquarters. See The Wesleyan Church Website for specific information.

Renewal Requirements: Application must be completed each semester

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Grade-Level: Juniors and seniors only

Additional Details

Requirements: List parental information on the application for admission.

Eligibility Requirements: Student must reside on campus, be attending IWU full-time, and apply for all other forms of federal and state financial aid. Parent must serve under the direct appointment of Global Partners or through Native American Ministries during the academic year in which the award is received. This award may not be received in conjunction with the Out-of-State Wesleyan or Pastor Dependent Grants.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Note: For detailed requests about academic year policies please contact the Financial Aid Office at finaid@indwes.edu.

Additional Details

Requirements: List parental information on the application for admission.

Eligibility Requirements: Parent must be a full-time minister, fully ordained by The Wesleyan Church, serving a local church ministry within The Wesleyan Church denomination. The recipient must be considered a dependent for financial aid purposes and attend IWU full-time.

EFC Eligibility Range: Open

Enrollment Requirements: Full-time enrollment in fall and spring semesters

Grant Amount Details: The 75% Grant is comprised of Academic Merit Scholarships, International Student Grant, IWU Grant, Shugart Grant, Out of State Wesleyan Award, Triangle Scholarship, Theatre Scholarship, Athletic Scholarships, Music Scholarships, Art Scholarships, KERN Scholarships, In State Wesleyan Student Award, Wildcat Consortium, Wildcat Leadership, Federal SEOG, Federal Pell Grant, Federal TEACH Grant, State Grants, and other full tuition awards.

Please contact the Financial Aid office at 765-677-2116 or finaid@indwes.edu with any questions about eligibility for the Wesleyan Pastor Dependent Benefit.