What Scholarship Are Available in Indiana?

Indiana Wesleyan University Scholarships Overview

Indiana Wesleyan University offers a variety of scholarships to help make your college education more affordable. There are scholarships for academic achievement, athletic or arts talent, as well as financial need.

With many options and the potential for renewable awards, IWU scholarships and financial aid can make a life-changing difference in affording and succeeding at college. The key is to apply for anything and everything you may qualify for. Do that, and your dream of a degree from IWU can become reality.

Merit-Based Scholarships at Indiana Wesleyan

Indiana Wesleyan offers merit-based scholarships for new and current students based on your GPA, test scores, talents, and interests.

Academic scholarships: For incoming freshmen, maintain at least a 3.0 GPA and score 22 or higher on the ACT (or 1100 SAT) to qualify for $10,000-$15,000 per year. Current students need a 3.5 GPA for $5,000-$10,000.

Talent scholarships: Do you have a skill or hobby you excel in? IWU offers scholarships for accomplishments in ministry, music, art, writing, leadership, and more. Apply by submitting recordings, photos, writings samples or references from teachers and leaders. Awards up to $10,000 per year.

Need-based grants: If your family makes under $50,000 per year, you may qualify for an additional $3,000-$8,000 in university grants. Fill out the FAFSA to determine your eligibility.

The best strategy is to apply for any and all scholarships you may be eligible for. Meet with your admissions counselor to review all options and deadlines. With some effort, you can earn enough in merit and need-based aid to substantially reduce your college costs or even attend for free.

Need-Based Financial Aid Programs

Indiana Wesleyan offers several need-based financial aid programs for students who demonstrate financial need. To determine your eligibility, you’ll need to fill out and submit the Free Application for Federal Student Aid or FAFSA form.

Based on your FAFSA, Indiana Wesleyan may offer you need-based federal grants like the Pell Grant or Federal Supplemental Educational Opportunity Grant (FSEOG). The Pell Grant provides up to $6,345 per year for undergraduates, while the FSEOG grant offers between $100 to $4,000 per year. Both are free money that doesn’t need to be repaid.

Indiana Wesleyan also offers subsidized Stafford loans for students with financial need. With subsidized loans, the government pays the interest while you’re in school. You don’t have to make payments on the loan until after you graduate or leave school.

Work-study programs provide part-time jobs for undergraduate and graduate students with financial need, allowing you to earn money to help pay for college expenses. The work-study award depends on your financial need, costs to attend school, and the funding level of the school.

In addition, Indiana Wesleyan offers need-based scholarships funded by private donors. Awards range from $500 up to $5,000 per year. You must fill out the General Scholarship Application to be considered for these need-based scholarships. Meeting the priority deadlines of February 15 for new students and March 15 for returning students will maximize your opportunities.

Conclusion

Need-based aid can help make your college education at Indiana Wesleyan affordable. Don’t miss out on these opportunities for free money and reduced costs. Fill out your FAFSA today!

FAQ’S

Here are some of the most frequently asked questions and answers:

1. Do I need to be an incoming freshman to receive a scholarship?

No, IWU offers scholarships for transfer students and those already enrolled as well. In fact, over 80% of students receive some form of scholarship or financial aid.

2. What majors or programs offer the most scholarships?

Scholarships are available for all majors and programs at IWU. However, some of the largest scholarship amounts are often given to high-achieving students in healthcare, ministry, education, and business programs.

3. Are scholarships only based on academics?

While strong academics are important, IWU also offers scholarships based on leadership, ministry, community service, and talent. Things like your character, faith, extracurricular activities, and potential for impact will also be considered.

4. Do I need to fill out a separate application for each scholarship?

No, by simply applying for admission and filling out the General Scholarship Application, you will automatically be considered for all IWU scholarships you may qualify for. Some scholarships do require an additional essay, reference, or application. But one general application puts you in the running for most awards.

5. If I receive a scholarship, do I need to reapply each year?

Most IWU scholarships are renewable for up to 4 years. To renew, you simply need to maintain eligibility by upholding scholarship requirements which typically include full-time enrollment, good academic standing, and in some cases, involvement in certain programs or activities. As long as you continue meeting renewal criteria, many scholarships can be counted on throughout your time at IWU.