$2,706

Avg. Federal Grant

$2,713

Avg. Federal Loan

$5,698,487

Total Aid Awarded

Iowa Wesleyan University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

72%

Total Aid Amount Average Total Aid Awarded per year.

$5.698M

Financial Aid Official Website

https://www.iw.edu/applying-financial-aid/

Among them are scholarship programs such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. As many as 79% of the students at IWU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,431,895 in a year. At IWU, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 79% of the applicants receive the Student Grant and 78% are awarded the Institution Grant, while 53% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,766, the State Grant receivers and Institution Grant beneficiaries get $2,825 and $9,926, respectively. And, for the Pell Grant awardees, the average aid amount is $2,587. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Iowa Wesleyan University, the percentage of candidates who opt to avail of student loans is around 67%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

10%

Institution Grant Aid

75%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$2,706

State Grant Aid

$2,825

Institution Grant Aid

$11,793

Pell Grant

$2,564

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,835

$30,001 - $48,000

$13,500

$48,001 - $75,000

$12,539

$75,001 - $110,000

$9,298

Over $110,000

$7,937

Student Loans for Iowa Wesleyan University

Average Loan Amount Average Loan Amount received per year.

$3,507/Year

Students Taking Out Loans

69%

Loan Default Rate

13.6%

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