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General FAQ’s
What is IWU’s federal school code?
Our school code is 001696.
Do I need to reapply for financial aid each year?
Yes. Federal regulations require that students reapply for federal financial aid each year. The primary reason for this is to ensure that an individual’s eligibility for assistance is based on the most up-to-date income, asset and family information.
What forms are required for financial aid consideration?
FAFSA (Free Application For Federal Student Aid)
Illinois Wesleyan Financial Aid Application OR
CSS Profile
When do I need to have my financial aid forms submitted?
Our preferential filing date for New Students is March 1st and April 15th for Returning Students.
Can I still apply for financial aid after these dates?
Yes. Even a late FAFSA applicant can still qualify for certain financial aid programs.
Do you prefer that I complete the FAFSA once my parent’s have completed their tax returns?
Yes. It is best to wait until after you and your parents federal tax returns have been prepared before submitting your FAFSA. By doing so you are able to complete your FAFSA much more accurately. However, if you are not able to file the most current year tax return before the preferential due dates (March 1 for new students, April 15 for returning students), please submit the forms using estimated tax figures. When the tax returns have been filed, you can then change the FAFSA figures to reflect the correct figures.
Will Financial Aid require any other forms besides the application and FAFSA?
Sometimes. If you are selected by FAFSA for verification you will be required to submit a signed copy of yours and your parent’s federal tax return with all schedules and W-2s as well as a dependent verification form. We will also need a signed copy of your parent’s federal tax return if any of their Adjusted Gross Income includes income from a Business, S Corporation, Rental Real Estate, or Farm Income.
What is College Illinois?
College Illinois is a 529 pre-paid tuition program started by the state of Illinois. The program is open to all Illinois residents and non-Illinois residents purchasing for Illinois-resident beneficiaries. More information can be found at the College Illinois website.
Who do I contact regarding College Illinois or any other 529, pre-paid tuition plan?
Illinois Wesleyan's Business Office handles all pre-paid tuition programs. You can contact the Assistant Controller at (309) 556-3022 or busnoff@iwu.edu.
Where should I direct questions regarding my statement of account?
Questions regarding your statement of account must be directed to the Business Office. The Financial Aid Office does not have access to this information. The Business Office can be contacted at (309) 556-3022 or busnoff@iwu.edu.
Where do I report a change of address?
Information regarding a change to your permanent address must be reported to the Registrar's Office. As they require written notification, this may be submitted to IWU Registrar, P.O. Box 2900, Bloomington, IL 61702 or via e-mail to iwureg@iwu.edu.
