Scholarships & Grants FAQ
How does your outside scholarship policy work?
Notification of all scholarships received from outside sources are to be sent to the
financial aid office and will be counted as part of your financial aid package. Any
IWU scholarships and grants you may have been awarded will not be affected unless
the total of your scholarships exceed your demonstrated need and tuition and fees.
Outside scholarship monies will be used to reduce any unmet need you may have. Once
unmet need has been met, the scholarships will be used to reduce loans first and student
How does the Study Abroad policy work and will my financial aid transfer?
The Study Abroad Office maintains a web site that discusses Study Abroad Policies
and information regarding Financial Aid, costs and scholarships. Please visit their
site here: www.iwu.edu/studyabroad/
for more complete information.
I have seen information about a Jennings Scholarship for non-Music majors. Can you
tell me more about this?
The School of Music offers a scholarship to students who are interested in Music but
who are not intending to make it their major. Please refer to www.iwu.edu/music/admissions/aid.html
for more information on how to audition for a Jennings Scholarship. If you are chosen
to receive a Jennings Scholarship you and your ensemble director will be required
to sign a verification form indicating that you are participating. This form is required
every semester to maintain the scholarship. If you choose not to participate in any
part of the program, the scholarship is lost for the remainder of your semesters at
How many units do I need to take to be considered full-time for financial aid purposes?
For all institutional and federal student aid you are required to be enrolled in at
least 3 units per semester. For the State of Illinois Monetary Award Program (MAP)
Grant you are required to be enrolled in at least 3.75 units each semester.
Where can I search for private scholarships?
While there are many options, fastweb.com
is one of the leading free scholarship services.
Do I need to apply for my IWU grant each year?
You do need to apply for financial aid each year in order to receive your grant from
IWU. This is a need-based grant and the amount of the grant can change from year to
year based on the financial situation of your family.
Are IWU Alumni Scholarships ever reevaluated? If I maintain a high GPA could my scholarship
When a student applies to IWU, the Admissions Office determines if the student is
eligible for a Merit-based scholarship and in what amount based on high school GPA
and results from the SAT or ACT. This amount is not adjusted from year to year and
cannot be reevaluated. The IWU Alumni Scholarship is guaranteed each year as long
as a 3.0 or above GPA is maintained.
As a Veteran of Armed Services, what are my financial aid options?
If you served on Active Duty, you might be eligible for education benefits offered
by the Department of Veterans Affairs. For example, the Post-9/11 GI Bill provided
financial support for educational and housing expenses to individuals with at least
90 days of aggregate service after September 10, 2001, or individuals discharged with
a service-connected disability after 30 days. You must have received an honorable
discharge to be eligible for the Post-9/11 GI Bill.
If you are currently serving in the military, you may be eligible for funding offered
through the Department of Defense Tuition Assistance program. Check your eligibility
status and the amount for which you qualify with your Service prior to enrolling.
If you are the spouse or child of a service member who is serving on active duty
Title 10 orders in the paygrades of E1-E5, O1-O2, or W1-W2, you may be eligible for
financial assistance from the Department of Defense for education, training, and/or
the occupational license and credentials necessary for a portable career.
If you are the spouse or child of a service member, you may be eligible for transfer
of the service member's Post-9/11 GI Bill benefits to you.
Federal Direct Parent Loan for Undergraduate Students (PLUS) Loans or Private Education
Loans are available for May Term travel courses. Information about these loans can
be found here: https://www.iwu.edu/financial-aid/loans/Loan_Forms.html
. Information about travel courses is available each October during the May Term
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