Indiana Wesleyan University Financial Aid Options

IWU Financial Aid Options

Grants

A grant is a form of financial assistance that does not need to be repaid. Grants are made available to those with certain levels of financial need or who meet other requirements.

There are several types of grants available to many of our students:

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Teacher Education Assistance for College and Higher Education (TEACH) Grant
  • Indiana State Grants
  • Kentucky State Grants
  • Kentucky National Guard Tuition Award Program
  • Ohio State Grants
Scholarships and Discounts

A scholarship is a form of financial assistance that does not need to be repaid. Scholarships are awarded to those who meet certain criteria, such as intended area of study, family history, geographical location, etc. A discount is a form of financial assistance realized as a reduction to the standard rate—typically the per credit hour tuition rate—and does not have to be repaid. Discounts are offered to those who meet certain criteria, such as active duty military status, employment through educational partners, Wesleyan denomination affiliation, etc.

There are various scholarships and discounts available to our students:

  • IWU Partner Discounts
  • Active Duty Military Discount
  • Pastoral Discounts
  • Indiana State Minority Teacher
  • Grants and Scholarships from Outside Sources
Loans

A loan is a form of financial assistance that requires repayment. Repayment of principal typically begins six months after the student's educational experience has ended.

There are several types of loans available to our students:

  • William D. Ford Federal Direct Loan (Subsidized & Unsubsidized)
  • Graduate PLUS Federal Direct Loan
  • Parent PLUS Federal Direct Loan
  • Alternative/Private Education Loan
  • Wesleyan Ministerial Loan/Grant
  • Nurse Faculty Loan Program (NFLP)
Military/Veteran Benefits

Military/veteran benefits may be utilized by those who have served or who are serving in the United States Armed Services, their spouses and dependents, and/or their surviving family members. There are several different military/veteran benefits available to many of our students.

For active-duty military personnel, we discount the cost of tuition for our adult and graduate programs that are offered through evening and Saturday instruction at regional Education Centers and many learning sites throughout Indiana, Kentucky, and Ohio, as well as online. We extend the discount to the spouses of active-duty personnel (undergraduate programs only), because we understand how military service is a family commitment.

IWU is recognized by G. I. Jobs magazine as a "Military Friendly School."

Indiana Vocational Rehabilitation Services (VRS)

Indiana Vocational Rehabilitation Services (VRS) provides quality, individualized services to enhance and support people with disabilities to prepare for, obtain, or retain employment.

Contact the Vocational Rehabilitation office nearest you, via the Indiana Family and Social Services Administration, to discuss the application and eligibility process.

Tuition Reimbursement/Employer Assistance

Tuition reimbursement/employer assistance is offered by many companies as an incentive to their employees to obtain or complete their degree.

The type of aid and amount awarded will vary by your employer.

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