Scholarships & Grants
To be considered for any scholarship or grant, all you have to do is fill out the
admission application and submit all requested materials.
We know the financial aid process can be quite confusing. At IWU we have attempted
to simplify the process as much as possible.
We have a number of benefactors who have generously endowed scholarships for our students,
and we do not ask that you apply separately for any of these scholarships.
▷ To find an estimate of scholarships and aid you may qualify for, visit our cost estimators.
Scholarships and Grants
Your application for admission and transcripts will put you in consideration for our primary scholarship for our
College of Liberal Arts, and School of Nursing:
▷ IWU Alumni Scholarship
While many factors are considered in the application process, your academic profile
is the primary factor for this scholarship, which typically ranges from $15,000 to
College of Fine Arts Scholarships
If you are majoring in the College of Fine Arts (Theatre, Music, or Art), we will
also use your audition, portfolio review or interview to award the:
▷ IWU Alumni Talent Scholarship
With a few rare exceptions, these scholarships range from $15,000 to $35,000.
National Qualifier Scholarships
Besides these larger scholarships,we offer an additional $4,000 scholarship to:
▷ National Merit Scholars
▷ National Achievement Scholars
Three National Merit Scholars could qualify for as much as $40,000 a year in scholarships
▷ For students who are residents of McLean County.
There are no extra steps beyond applying for admission to be considered for these
merit scholarships listed above.
- Music Scholarship for non-Music Majors
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