Financial Aid

Illinois Wesleyan University is committed to putting the highest quality educational experience in reach for all students.

The Right Investment

Your top goal after graduating is finding a job. And you don’t want just any job - you want a job in your field of study that pays well. We’ll let the numbers speak for us. IWU grads make on average $59,100, which led to The Economist ranking us #1in Illinois for salaries of graduates. chart of students paying down debt with IWU having the highest rate of 87%

Not only are you likely to get assistance from scholarships and grants, but if you take out student loans, you’re more empowered to pay it off. Paying off student debt is directly tied to your ability to find a job, and one that pays well. With the Hart Career Center and the higher average salary, more IWU grads are able to pay down debt.
Upward chart showing salary after attending college with IWU having the highest average.

More than 95% of IWU students receive aid

That's right. More than 95%    of incoming students from all backgrounds qualify for scholarship or grant assistance.  In fact, on average, over half of tuition is covered by  scholarships and grants  for incoming Illinois Wesleyan students.

Financial Aid Application Process

How to apply for aid

It is now time to begin filling out the 2020-2021 Free Application for Federal Student Aid, (FAFSA) based on    2018 income. IWU's Federal School Code is 001696. Preferential filing deadline is November 1, 2019.


CalculatorWe want to help you understand all of your options and make it simple to receive them. 

With generous aid packages from a range of sources, IWU families pay far less than you might expect. To give you an idea, we offer a net price calculator.


Four Main Types of Financial Assistance

Below are the four main sources of aid with a brief explanation to help you understand the assistance offered. Please keep in mind, your financial aid award is specific to you, and may or may not include all of the types of assistance below. 

Gift Assistance

  • IWU Residential Grant is need-based. Students who live in campus residence halls, fraternities or sororities, approved study abroad locations, or University-owned off-campus living units are eligible to be considered for this grant. 
  • Federal Pell Grants provided by the federal government are available to students who demonstrate significant financial need. For 2019-20, the maximum Pell Grant award is $6,195.
  • Federal Supllemental Education Opportunity Grants (SEOG), provided by the federal government, are also available to students from families who demonstrate significant financial need and who would not be able to attend the University without this assistance. The awarding of these grants is based on Pell Grant eligibility, availability of federal funds, and satisfactory academic progress. Amounts typically range from $200 - $1,000 per year. 
  • State of Illinois MAP (Monetary Award Program) Grant is an estiamted award based on information from the Illinois Student Assistance Commission (ISAC). Eligibility is based on financial need, being an Illinois resident and attending an Illinois college or university. The amount listed is subject to change until it is finalized by the Illinois legislature. For the 2019-20 academic year, the maximum MAP Grant award is $5,340. This award is also based on the assumption that a student is enrolled in four units per semester at Illinois Wesleyan. 

Private Scholarships


Loan Funds


Student Employment or Federal Work Study 



Scholarships & Grants

The largest source of gift aid is derived from friends of Illinois Wesleyan University who have provided funds for worthy students who need assistance.
You do not have to apply separately for these generously endowed scholarships.

When you first submit your application for admission along with your transcripts, you will be considered for all merit scholarships.


Interest for student loans is typically lower than consumer rates. The success rate of Illinois Wesleyan graduates paying their loans is over 99%, well above the national average.

IWU is now using Heartland ESCI to service the Federal Nursing Loan and IWU Loan. You can access more information using this link.

Student Employment

A job on campus helps students pay for their education while gaining valuable work experience. Studies show that students who work while attending college do as well or better in school than their classmates who don’t work.

Current Job Openings