How IWU's Financial Aid Changes

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.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	3,424 (46%)	$5,612	3,206 (43%)	$3,799	4,401 (59%)	$9,223
2016-17	3,244 (47%)	$5,937	2,992 (43%)	$3,814	4,142 (59%)	$9,165
2017-18	3,178 (48%)	$6,321	2,928 (45%)	$4,107	3,891 (59%)	$8,961
2018-19	3,179 (52%)	$6,167	2,959 (48%)	$4,196	3,688 (60%)	$8,681
2019-20	3,477 (50%)	$5,555	3,142 (45%)	$4,031	3,901 (56%)	$8,571
2020-21	3,741 (58%)	$5,212	2,915 (45%)	$3,850	3,658 (56%)	$8,362
2021-22	3,720 (65%)	$6,161	2,718 (48%)	$3,741	3,242 (57%)	$7,647
Average	3,423 (52.29%)	$5,852	2,980 (45.29%)	$3,934	3,846 (58.00%)	$8,659

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

Overview

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
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2015-16	460 (66%)	$5,356	471 (67%)	$7,340
2016-17	414 (63%)	$5,770	451 (69%)	$7,376
2017-18	444 (68%)	$6,213	456 (70%)	$7,087
2018-19	501 (75%)	$5,983	493 (74%)	$6,773
2019-20	596 (76%)	$5,203	593 (75%)	$6,340
2020-21	531 (76%)	$5,218	511 (73%)	$6,389
2021-22	498 (81%)	$6,179	412 (67%)	$5,610
Average	492 (72.14%)	$5,703	484 (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.

Grants/Scholarship

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) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	453 (65%)	$3,976	245 (35%)	$301	136 (19%)	$4,291	2 (0%)	$2,617
2016-17	403 (61%)	$4,085	173 (26%)	$311	181 (28%)	$3,805	-	-
2017-18	438 (67%)	$4,267	167 (26%)	$307	193 (30%)	$4,345	-	-
2018-19	488 (73%)	$4,367	236 (35%)	$313	205 (31%)	$3,859	3 (0%)	$586
2019-20	580 (74%)	$3,857	261 (33%)	$270	176 (22%)	$4,491	10 (1%)	$345
2020-21	490 (70%)	$3,774	453 (65%)	$729	136 (19%)	$4,281	8 (1%)	$1,093
2021-22	441 (72%)	$3,590	451 (74%)	$1,677	157 (26%)	$4,335	70 (11%)	$814
Average	470 (68.86%)	$3,988	284 (42.00%)	$558	169 (25.00%)	$4,201	19 (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..

Student Loans

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.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2015-16	471 (67%)	$7,340	471 (67%)	$7,299	2 (0%)	$9,750
2016-17	451 (69%)	$7,376	451 (69%)	$7,376	-	-
2017-18	456 (70%)	$7,087	456 (70%)	$7,063	3 (0%)	$3,674
2018-19	493 (74%)	$6,773	493 (74%)	$6,766	1 (0%)	$3,500
2019-20	593 (75%)	$6,340	593 (75%)	$6,321	2 (0%)	$5,763
2020-21	511 (73%)	$6,389	510 (73%)	$6,367	1 (0%)	$17,771
2021-22	412 (67%)	$5,610	411 (67%)	$5,608	1 (0%)	$6,465
Average	484 (70.71%)	$6,702	484 (70.71%)	$6,686	2 (0.00%)	$7,821

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Scholarships, Grants, and Loan Trends at IWU

All Undergraduate Students Financial Aid Over Time

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