Types of Scholarships and Grants from Financial Aid

Illinois Wesleyan Scholarships and Grants

The various classes of grants, awards and scholarships are listed below:

ALUMNI SCHOLARSHIPS (merit award) are granted to those entering students who, on the basis of their high school academic performance, recommendations, testing, and extracurricular activities, indicate outstanding promise to significantly contribute to the vitality of the Illinois Wesleyan University community. Scholarships range in value from $2,500 up to $20,000 per year. A student must be enrolled full time, maintain a 3.0 cumulative grade point average, and achieve satisfactory academic progress to retain these four-year scholarships.

ALUMNI FINE ARTS SCHOLARSHIP (merit based) are available to entering students in the Schools of Music, Art, and Theatre Arts. Scholarships range in value from $2,000 to $12,000.  Recipients must be enrolled full time and maintain a specified cumulative grade point average to retain these four-year scholarships.

INTERNATIONAL STUDENT AWARDS (merit award) are granted to international students for study on-campus at Illinois Wesleyan in the belief that they will make significant contributions to the University community. These awards consider many qualities in a student’s background, some of which are: prior academic performance, recommendations, testing, and/or artistic talent in music, art, or theatre arts.  Scholarships range from $1,000 per year to full tuition.  A student must be enrolled full time, maintain a 3.0 cumulative grade point average, and achieve satisfactory academic progress to retain these scholarships. Scholarships are renewable each year for a maximum of 4 years or until a student has earned credit equivalent to a Bachelor of Arts degree. International students also may be offered a combination of loan and/or job only on the basis of merit.

ILLINOIS WESLEYAN Alumni Grants (need based) are awarded in amounts varying with need. The process begins by completing the IWU financial aid application or the College Board’s Profile. When the student has been accepted for admission, either of these forms will become his or her application for financial assistance.  Renewals are available if satisfactory academic progress is maintained and financial need is evident.  Application for renewal is made to the Illinois Wesleyan Financial Aid Office. Recipients must be enrolled full time and maintain a specified cumulative grade point average to retain these grants.

PRE-THEOLOGY GRANTS are awarded on the basis of financial need not to exceed one-half tuition to Methodist pre-ministerial students.  However, qualified applicants who receive other IWU grants in addition to private, State, or Federal gift assistance must use these sources of aid to meet any portion of their eligibility for the grant. Letters of recommendation from the student’s District Superintendent of the United Methodist Church and from the chair of the Illinois Wesleyan Department of Religion must be submitted to the University’s Financial Aid Office before April 15th for the fall term and before December 1st for the spring term.  A recommendation by the Department of Religion and satisfactory academic progress must be maintained to continue the grant.  Applications which must, of necessity, be filed later than the above deadlines will be reviewed by the Financial Aid Committee.

MINISTERIAL GRANTS are available on the basis of financial need not to exceed one-half tuition to dependent sons and daughters of active United Methodist ministers. However, qualified applicants who receive other IWU grants in addition to private, State, or Federal gift assistance must use these sources of aid to meet a portion of their eligibility for the grant. Applications must be submitted by the general financial aid deadlines cited above and must include a letter from the parent who is the minister, indicating conference affiliation.  Satisfactory academic progress must be maintained to continue the grant.

State of Illinois Grants and Scholarships

ILLINOIS STATE GRANTS are awarded non-competitively, requiring only that the candidate be accepted or enrolled at an approved Illinois college or university. A Free Application for Federal Student Aid also must be submitted to establish the factor of need. In order to qualify for a grant, a student must be a legal resident of the State of Illinois.  Additional specific information concerning citizenship or residency status may be obtained from the University’s Financial Aid Office.

 The University urges students to make application for the above assistance by February 1st since awards are granted according to the availability funds. IWU will not provide off-setting assistance to those students who could have, but failed, to make the appropriate application for this Illinois State Monetary Award. A recipient of an Illinois State Monetary Award who enrolls for three course units must contact the Financial Aid Office about reduced award eligibility.

Federal Government Grants

FEDERAL PELL GRANTS supported by the Federal government are available to students who demonstrate significant financial need. Amounts range from $582 to $5645. Students who enroll for less than 3 course units per semester must contact the Financial Aid Office regarding award eligibility.

FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS (SEOG) supported by the Federal government are also available to students from families with significant financial need who would not be able to attend college without this assistance.  Amounts range from $200 to $4,000. The awarding of these grants is based on established financial need, availability of Federal funds, and satisfactory academic progress.

Updated 8-23-2013