by our College Data Analytics TeamThe majority of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Illinois Wesleyan University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financial aid options can Illinois Wesleyan offer, and what will you qualify for? Keep reading for more information. Keep going to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Illinois Wesleyan University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For incoming first-year students at Illinois Wesleyan University, 100% of the incoming full-time class was awarded financial aid roughly 441 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $42,181 |
| Institutional grants & scholarships | 100% | $37,364 |
| Federal Pell grants | 33% | $5,697 |
| State/local grants | 32% | $7,944 |
| Federal student loans | 66% | $5,403 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, roughly 100% of undergraduates were awarded grant or scholarship aid averaging $38,601 (among about 1570 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $38,601 |
| Federal Pell grants | 26% | $5,578 |
| Federal student loans | 63% | $6,628 |
For students living on campus and receiving title-IV aid, grants averaged $42,501.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $22,414 |
| $30,001 – $75,000 | $24,393 |
| Over $75,000 | $33,599 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,199 |
| Off-campus title-IV students | $29,550 |
For a personalized estimate based on your family’s financial situation, use Illinois Wesleyan’s net price tool: www.iwu.edu/financial-aid/calculators.html.
The median federal debt load at Illinois Wesleyan comes to $23,221 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,221 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Illinois Wesleyan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $16,254 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $22,250 |
| Middle income | $24,738 |
| High income | $22,624 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,250 |
| Continuing-generation students | $22,750 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Illinois Wesleyan.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Illinois Wesleyan:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5428 |
| Total Stafford loan amount | $85,584,045 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 6 |
| Total GI Bill amount | $239,163 |
| Average GI Bill amount per recipient | $39,861 |
References
More about our data sources and methodologies.