by our College Data Analytics TeamMost students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Indiana Wesleyan University-National & Global can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financial aid solutions can IWU provide, and just what are you going to be eligible for? Keep reading for answers. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Indiana Wesleyan University-National & Global.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Indiana Wesleyan University-National & Global, 77% of first-time, full-time freshmen received some form of financial aid around 765 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $5,776 |
| Institutional grants & scholarships | 15% | $639 |
| Federal Pell grants | 66% | $4,341 |
| State/local grants | 18% | $5,324 |
| Federal student loans | 63% | $5,519 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At IWU, about 55% of undergrads got grants or scholarships worth on average $6,137 (across approximately 3371 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $6,137 |
| Federal Pell grants | 48% | $4,352 |
| Federal student loans | 52% | $7,031 |
Title-IV recipients living on campus saw average grant aid of $5,330.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,248 |
| $30,001 – $75,000 | $17,159 |
| Over $75,000 | $20,203 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,898 |
| Off-campus title-IV students | $16,767 |
For a personalized estimate based on your family’s financial situation, use IWU’s NPC: indwesng.aidcalc.cloud/.
The median student at IWU graduates with $14,335 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,335 |
| Median federal debt (graduates only) | $24,250 |
| Typical 10-year monthly payment (graduates) | $257.09/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at IWU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,304 |
| 25th percentile | $5,955 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $35,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,044 |
| Middle income | $17,104 |
| High income | $17,747 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $15,369 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,795 |
| Independent students | $14,250 |
A handful of calculated indicators summarize the debt outlook at IWU.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at IWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 68506 |
| Total Stafford loan amount | $1,892,342,784 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 254 |
| Total GI Bill amount | $1,167,217 |
| Average GI Bill amount per recipient | $4,595 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 108 |
| Total DoD amount | $311,255 |
| Average DoD amount per recipient | $2,882 |
References
More about our data sources and methodologies.