Indiana Wesleyan University Scholarships and Grants: A Comprehensive Guide

Choosing the right college involves carefully considering financial aid options. Indiana Wesleyan University (IWU) offers various scholarships and grants to help students finance their education. This article provides a comprehensive overview of the scholarships and grants available to both domestic and international students at IWU, along with information on federal and state aid programs.

Understanding Financial Aid at Indiana Wesleyan University

At Indiana Wesleyan, selecting the right college is not just about finding the best price. IWU 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. College costs can look different for every student based on their financial situation.

To get started with financial aid at IWU, complete the steps below to be considered for federal grant and student loan eligibility. Any student, regardless of income, who wants to be considered for federal, state, and school financial aid programs should file the Free Application for Federal Student Aid (FAFSA). Carefully follow the instructions when creating or editing your FSA ID. The FAFSA uses financial information from the prior, prior year.

Scholarships for International Students

International students seeking to study at Indiana Wesleyan University can explore a range of scholarships, fellowships, and grants. These are also called as financial aid and many times the financial aid office of the Indiana Wesleyan University deals with it. These financial aid opportunities are offered to students outside the country where the university is located. Apart from the university-based scholarships, there are many other organizations including foundations, trusts, corporates etc. Who offer scholarships for international students. These scholarships support various degree levels, including bachelor's, master's, and Ph.D. programs.

Here are some examples of scholarships available to international students:

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Education Future International Scholarship - USA & Non-USA: This scholarship supports students pursuing any course offered by participating universities. The application deadline is November 10, 2025, and the scholarship value ranges from INR 2 lakhs to INR 10 lakhs.
Higher Education Scholarship Test for Indian Students HEST: Offered by the Ministry of Electronics and Information Technology, India, this scholarship is open to students pursuing all courses except Medicine/MBBS. The deadline is November 10, 2025, and the funding can reach up to 3 lac per student.
Bridging Scholarship Program: Administered by the American Association of Teachers of Japanese (AATJ), this scholarship is available for any field of study. The application deadline is March 15, 2026, and the scholarship value ranges from USD 2,500 to USD 4,500, depending on the program.
Catherine Helen Spence Memorial Scholarship: Provided by the Government of South Australia, this scholarship supports studies related to social conditions in South Australia. The deadline is November 3, 2025, and the scholarship value is up to AUD 25,000.
TS Ambedkar Overseas Vidya Nidhi Scholarship Minorities: Offered by the Government of Telangana, this scholarship supports all courses offered by universities. The deadline is November 19, 2025, and the scholarship value includes up to INR 20 lakhs, an economy flight ticket, and visa charges.
Microsoft Imagine Cup Global Competition: Sponsored by Microsoft Corporation, this competition supports students in design solutions. The deadline is January 5, 2026, and the prize is a USD 100,000 cash prize.
Study Abroad Excellence Award: This award supports students in any discipline. The deadline is November 10, 2025, with varying award values.
State Scholarships For Slovenian Students: Provided by the Government of Slovenia, this scholarship is available for all subjects of study. The deadline is November 10, 2025, and the scholarship value is 100.64 euros.
Kate Neal Kinley Memorial Fellowships at University of Illinois Urbana-Champaign: This fellowship supports studies in Art, Architecture, Dance, Landscape Architecture, Music, Theatre, and Urban and Regional Planning. The deadline is November 10, 2025, and the scholarship covers travel/research expenses.
Weinstein JAMS International Fellowship: Offered by the JAMS Foundation, this fellowship supports studies in Alternative Dispute Resolution (ADR). The deadline is November 21, 2025, and the scholarship value is up to USD 20,000.

Federal Student Aid

Students can also use federal and state aid from Indiana. To get started, complete the steps below to be considered for federal grant and student loan eligibility. Any student, regardless of income, who wants to be considered for federal, state, and school financial aid programs should file the FAFSA.

Federal Pell Grants

The federal government awards Pell Grants to undergraduate students who demonstrate financial need by filling out the FAFSA. Students with a bachelor’s or professional degree are not eligible. Pell Grants do not need to be repaid. If you receive a Pell Grant, the award amount should remain consistent at any college you gain admission to.

Federal Direct Loans

IWU participates in the Federal Direct Loan program, offering both subsidized and unsubsidized loans. To be eligible for a Federal Direct Loan, you must be enrolled for at least six credit hours per semester.

Federal Direct Subsidized Loans

A Federal Direct Subsidized Loan is awarded to students to meet financial need after other resources are subtracted or to the annual maximum loan limit, whichever is lower. It is the Department of Education's major form of self-help aid. For undergraduate students, Federal Direct Subsidized loans offered beginning July 1, 2019 have a fixed interest rate of 4.53%.

Federal Direct Unsubsidized Loans

A Federal Direct Unsubsidized Loan is not based on your financial need. If your Estimated Cost of Attendance (COA) is greater than your financial aid and you have not reached your annual maximum loan limit through the Federal Direct Subsidized Loan Program, you can be eligible for unsubsidized loans as well. The interest rate for Federal Direct Unsubsidized Loans offered is fixed at 4.53% (6.08% for graduate students). A loan fee of 1.059% is deducted from your loan before it is applied to your student account, for loans with first disbursements on or after 10/1/19 through 9/30/20. You are charged interest on this loan from the time the loan is disbursed until it is paid in full.

Federal Direct Parent PLUS Loans

Parents may borrow a Federal Direct Parent PLUS Loan to help defer the education expenses of their dependent undergraduate student enrolled at least half-time in an eligible program at IWU. The interest rate for Federal Direct Parent PLUS Loans is fixed at 7.08% with a loan fee of 4.236%, for loans disbursed after July 1, 2019; the loan fee is deducted before the loan is applied to the student's account. If a Federal Direct Parent PLUS Loan Application is denied, it may be possible for the student to borrow an additional amount of unsubsidized loan. Department of Education on your approval/denial. Student may apply for an Unsubsidized Direct Loan based on student's eligibility.

Federal Direct Graduate PLUS Loans

Graduate and professional degree students are now eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other estimated financial assistance. Repayment begins on the date of the last disbursement of the loan, and the interest rate for loans disbursed after July 1, 2018 has been set at 7.595% with a loan fee of 4.264%. To be eligible for a Federal Direct Graduate PLUS Loan, you must be enrolled for at least six hours per semester. Department of Education. File the Free Application for Federal Student Aid (FAFSA). This process requires the borrower's FSA ID.

Steps to Apply for Federal Direct Loans

File the Free Application for Federal Student Aid (FAFSA).
Complete the Federal Direct Loan Entrance Counseling Session.
Complete the Federal Direct Loan Master Promissory Note (MPN). This will require your FSA ID.

Alternative Educational Loans

Alternative educational loans are available from private lenders and offer additional financial assistance if you have exhausted all other sources of funding for your education. These programs are meant to supplement federal and state aid when the Cost of Attendance (COA) is not fully covered by these programs. The IWU Financial Aid Office will process the alternative loan requested by the student; however, we will not certify alternative loans for an amount that exceeds the Cost of Attendance (COA) minus other financial aid. Alternative educational loans require a credit check; therefore most lenders require a co-signer for the loan. You must complete the loan counseling process on FASTChoice before selecting a lender that is not listed.

Indiana Wesleyan University Institutional Scholarships

Indiana Wesleyan University offers several institutional scholarships to recognize academic achievements and potential.

The National Merit Finalist/Semi-Finalist Award: This award is open to entering freshmen at Indiana Wesleyan University.
The President's Scholarship: This scholarship is open to entering freshmen at Indiana Wesleyan University who have a minimum GPA of 4.0 or a minimum GPA of 3.75.
Michael R. Rogers Memorial Scholarship: The Michael R. Rogers Memorial Scholarship is open to graduating seniors from Bartholomew County high schools. You must be pursuing a post- secondary education at a college/ university that has member status with the Council for Christian Colleges and Universities (CCCU) to be eligible for this award.

Additional Scholarship Opportunities

Students can use outside scholarships to supplement their financial aid package at IWU. Outside scholarships are awards offered by private and non-profit organizations separate from their college.

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An outside scholarship is any scholarship not awarded by the government or Indiana Wesleyan University. Students may find the following scholarship search tools useful in searching for additional financial assistance toward their IWU education. IWU does not endorse or partner with any of these entities; they are simply listed for your convenience and as options to consider.

Reporting Outside Scholarships

Students are required to report any outside scholarships to the Financial Aid office. Please do so by submitting a copy of the announcement or check once received. Outside scholarship monies will be used to reduce any unmet need you may have. IWU financial aid office and will be counted as part of your financial aid package.

Jennings Scholarship

I have seen information about a Jennings Scholarship for non-Music majors. who are not intending to make it their major. Please refer to www.iwu.edu/music/admissions/ for more information on how to audition for a Jennings Scholarship. to sign a verification form indicating that you are participating. every semester to maintain the scholarship. least 3 units per semester. IWU.

Military Benefits

At Indiana Wesleyan, they also provide benefits for the military. Benefits include those offered by the Department of Veterans Affairs.

Veterans Affairs Benefits

Benefits by the Department of Veterans Affairs (VA) Post 9/11 G.I. (Ch. 33) or Vocational Rehabilitation and Employment (Ch. their tuition and fee bills to the institution.

Other Important Information

Cost of Attendance

The sticker price at IWU is $43,202. The cost of attendance can vary from year to year and will typically rise over your four years in college.

Midwest Student Exchange

IWU is in a state that participates in the Midwest Student Exchange. That means that if you are a resident of Indiana, Kansas, Minnesota, Mississippi, Nebraska, North Dakota, Ohio, or Wisconsin, you may qualify for discounted tuition at IWU. This program applies to both private and public institutions, although the discount at private institutions is lower.

Test-Optional Policy

Indiana Wesleyan University-Marion is test-optional, which means that applicants are permitted, but not required, to submit their standardized test scores. If you choose not to submit your scores, admissions officers will weigh your grades, extracurriculars, essays, and interviews more heavily. Colleges use standardized tests like the SAT, ACT, or CLT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection.

Graduation and Career Outcomes

67% of students who start at Indiana Wesleyan University-Marion finish their degree within six years of enrolling. This is 9% more than the national median. The median income of students 10 years after starting at Indiana Wesleyan University-Marion is $59,986. Graduate earnings can vary widely based on many factors other than school choice. Major and career path are two important factors in how much a student goes on to earn. Graduates of IWU take out a median of $24,250 in federal student loans. This is $10,750 more than the national median. As you make decisions about your college loans, be sure to inform yourself on the advantages and disadvantages of each loan option. We strive to provide users with the most up-to-date information and source data from publicly available sources, including the College Scorecard and directly from the colleges. College statistics can change throughout the year, but we do our best to update them as quickly as possible.

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