Financial Aid

Indiana Wesleyan University listens to students and potential students on their financial aid needs. IWU invests over $25,000,000 in institutional aid based upon merit, need, and other factors, with many students receiving multiple awards, to make education as affordable as possible. Students can also use federal and state aid from Indiana.

YEARLY TUITION AND FEES

YEARLY HOUSING AND FOOD

TOTAL YEARLY EXPENSE

Discover how you can acquire financial aid and scholarships on our website! Off campus options available.

FAFSA CODE 001822

When receiving multiple award offers, be sure to check the net costs.

FRESHMAN ACADEMIC AWARDS

SCHOLARSHIP
ELIGIBILITY
ANNOUNT AMOUNT
President's Scholarship
4.0+ HS GPA
$17,000
Dean's Scholarship
3.8 - 3.99 HS GPA
$14,000
Faculty Scholarship
3.5 - 3.79 HS GPA
$10,000
Trustee Scholarship
3.0 - 3.49 HS GPA
$8,000
Recognition Scholarship
2.6 - 2.9 HS GPA
$3,000

*GPA is established at the point of Admission

TRANSFER ACADEMIC AWARDS

MERIT AWARD
ELIGIBILITY
ANNOUNT AMOUNT
Premier
3.7 - 4.0 College GPA
$11,000
Distinguished
3.25 - 3.669 College GPA
$9,000
Prominent
2.701 - 3.249 College GPA
$7,000
Acclaimed
2.7 and BELOW
$4,000

OTHER INSTITUTIONAL AID

AID
AMOUNT AVAILABLE PER YEAR
ELIGIBILITY
Out of State Wesleyan Grant
$2,000
Regularly attend a Wesleyan church and live in the US outside of Indiana
Pastor Dependent Grant
$1,800
The student's parent must be a full-time ordained minister serving in a local church ministry.
Wesleyan Pastor Benefit
$6,000
For students whose parent is a full-time minister, ordained Wesleyan, and serving in a Wesleyan church.
Family Tuition Grant
$1,000
When two students from the same household are enrolled full time at IWU, both are eligible.

NEED-BASED AID

AID
SOURCE
AMOUNT AVAILABLE PER YEAR
ELIGIBILITY
IWU Grant
Indiana Wesleyan University
Amount varies
File the FAFSA and demonstrate need
Pell Grant
Federal
Up to $7,395
File the FAFSA and demonstrate need
Indiana State – 21st Century Scholars Program
State of Indiana
Up to $10,600 (based on 2025-2026 funding)
Must be an Indiana resident who enrolled in 7th or 8th grade and file the FAFSA before the deadline
Frank O’Bannon Grant
State of Indiana
Up to $12,400
Must be an Indiana resident, file the FAFSA by the deadline and demonstrate financial need
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