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-Marion can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will IWU offer, and what will you qualify for? Read on for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Indiana Wesleyan University-Marion.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Indiana Wesleyan University-Marion, 100% of first-time, full-time freshmen received some form of financial aid roughly 497 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $21,405 |
| Institutional grants & scholarships | 100% | $16,781 |
| Federal Pell grants | 32% | $4,915 |
| State/local grants | 29% | $9,228 |
| Federal student loans | 81% | $5,052 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, around 92% of undergrads got grants or scholarships worth on average $21,751 (for some 1921 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $21,751 |
| Federal Pell grants | 27% | $5,075 |
| Federal student loans | 71% | $6,145 |
For on-campus title-IV students, average grant aid came to $21,910.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,620 |
| $30,001 – $75,000 | $18,754 |
| Over $75,000 | $25,943 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,866 |
| Off-campus title-IV students | $23,069 |
For a customized cost estimate, visit IWU’s net price calculator: indwes.aidcalc.cloud/.
The middle student in the debt distribution at IWU owes $14,335 of cumulative federal debt.
| 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution 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 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,044 |
| Middle income | $17,104 |
| High income | $17,747 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $15,369 |
Dependency-Status Comparison
| 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 loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at IWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 68506 |
| Total Stafford loan amount | $1,892,342,784 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $183,463 |
| Average GI Bill amount per recipient | $14,113 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $4,250 |
| Average DoD amount per recipient | $4,250 |
References
More about our data sources and methodologies.