Illinois Wesleyan University Financial Aid and Scholarships
Students Receiving Aid
100%
Total Aid Amount
$41.871M
Financial Aid Official Website
www.iwu.edu/financial-aid/
Among them are scholarship programs such as AMVETS Post #100 Scholarship, August & Edna Zahatko Scholarship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. Interestingly, almost all of the students at IWU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,382,695 in a year. More information regarding the financial assistance schemes can be accessed on IWU’s official financial aid page at http://www.iwu.edu/financial-aid/. The total percentage of candidates applying to Illinois Wesleyan University who receive the Federal Grant is 30%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 30% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,168, the State Grant receivers and Institution Grant beneficiaries get $4,734 and $29,243, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,643. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $39,164 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $36,512 and $33,848, respectively. On the other hand, the average federal aid stands at $28,293 for those with an annual family income between $75,001 and $110,000, and at $23,715 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At IWU, an estimated number of 71% of the applicants choose to go for student loans.
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