Scholarships, Grants, and Loan Trends at IWU

Over the past 8 years (2015-2022), the average number of students who received grants aid/scholarships is 3,423, which is 52.29 % of all undergraduate students. 3,846 students which is 58.00% of undergraduate students received federal student loans and the average loan amount is $8,659.
For full-time, first-time beginning students (freshmen), 72.14% of students received grants or scholarships and 71% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Indiana Wesleyan University-National & Global since 2015.
For that period, the average number of students who received grants aid/scholarships is 3,423, which is 52.29 % of all undergraduate students. 3,846 students which is 58.00% of undergraduate students received federal student loans and the average loan amount is $8,659.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-163,424 (46%)$5,6123,206 (43%)$3,7994,401 (59%)$9,223
2016-173,244 (47%)$5,9372,992 (43%)$3,8144,142 (59%)$9,165
2017-183,178 (48%)$6,3212,928 (45%)$4,1073,891 (59%)$8,961
2018-193,179 (52%)$6,1672,959 (48%)$4,1963,688 (60%)$8,681
2019-203,477 (50%)$5,5553,142 (45%)$4,0313,901 (56%)$8,571
2020-213,741 (58%)$5,2122,915 (45%)$3,8503,658 (56%)$8,362
2021-223,720 (65%)$6,1612,718 (48%)$3,7413,242 (57%)$7,647
Average3,423 (52.29%)$5,8522,980 (45.29%)$3,9343,846 (58.00%)$8,659

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 8 years, on average, 492 (72.14 % of students) received grants or scholarships and its average amount is $5,703. It can cover 60.16% of tuition & fees ($9,480).
In addition, 484 (70.71 % of students) students get helped from the students loans (average amount : $6,702).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2015-16460 (66%)$5,356471 (67%)$7,340
2016-17414 (63%)$5,770451 (69%)$7,376
2017-18444 (68%)$6,213456 (70%)$7,087
2018-19501 (75%)$5,983493 (74%)$6,773
2019-20596 (76%)$5,203593 (75%)$6,340
2020-21531 (76%)$5,218511 (73%)$6,389
2021-22498 (81%)$6,179412 (67%)$5,610
Average492 (72.14%)$5,703484 (70.71%)$6,702
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 8 years, on average, 470 (68.86 % of students) received Pell (federal) grants and its average amount is $3,988.
In addition, 169 students received State/local government grants/scholarships (25.00 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2015-16453 (65%)$3,976245 (35%)$301136 (19%)$4,2912 (0%)$2,617
2016-17403 (61%)$4,085173 (26%)$311181 (28%)$3,805--
2017-18438 (67%)$4,267167 (26%)$307193 (30%)$4,345--
2018-19488 (73%)$4,367236 (35%)$313205 (31%)$3,8593 (0%)$586
2019-20580 (74%)$3,857261 (33%)$270176 (22%)$4,49110 (1%)$345
2020-21490 (70%)$3,774453 (65%)$729136 (19%)$4,2818 (1%)$1,093
2021-22441 (72%)$3,590451 (74%)$1,677157 (26%)$4,33570 (11%)$814
Average470 (68.86%)$3,988284 (42.00%)$558169 (25.00%)$4,20119 (4.33%)$1,091
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 8 years, on average, 484 (70.71 % of students) get any students loan help and its average loan amount is $484.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2015-16471 (67%)$7,340471 (67%)$7,2992 (0%)$9,750
2016-17451 (69%)$7,376451 (69%)$7,376--
2017-18456 (70%)$7,087456 (70%)$7,0633 (0%)$3,674
2018-19493 (74%)$6,773493 (74%)$6,7661 (0%)$3,500
2019-20593 (75%)$6,340593 (75%)$6,3212 (0%)$5,763
2020-21511 (73%)$6,389510 (73%)$6,3671 (0%)$17,771
2021-22412 (67%)$5,610411 (67%)$5,6081 (0%)$6,465
Average484 (70.71%)$6,702484 (70.71%)$6,6862 (0.00%)$7,821
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