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?
When do I need to have my financial aid forms submitted?
Our preferential filing date for all students is November 1 for IWU funds. With the
limited resources from the State of Illinois, we would encourage Illinois applicants
to complete their FAFSA
before November 1.
Can I still apply for financial aid after these dates?
Yes. Even a late FAFSA
applicant can still qualify for certain financial aid programs.
Will Financial Aid require any other forms besides the application and FAFSA?
Sometimes. If you are selected for verification by the Department of Education you
will be required to submit verification documents which will be available on our website,
for the Financial Aid Office to verify your financial information. You will be notified
if this is a requirement however.
When can I expect to receive an award proposal?
As long as the Financial Aid Office has received all requested paperwork and forms,
new students can typically expect an award proposal within about 2 weeks after January
1. Returning student award proposals are mailed starting late May/early June even
though the preferential deadline is in November. Our preferential deadline is set
according to Illinois state financial program deadlines so students can qualify for
these programs if eligible.
I have received a financial aid proposal and have decided to attend IWU, what are
my next steps?
First, submit your deposit for enrollment. Click on this checklist
to help understand the steps you may need to complete in the summer.
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 firstname.lastname@example.org
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 email@example.com
Will I pay the same tuition amount each year?
No. Historically there has been modest increases each year. In the spring semester,
students will receive a notification of the tuition amount for the next academic year.
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