In 2022, Indiana Wesleyan University's tuition was $29,684 a year.
Tuition increased 2.5% in 2022–from $28,960 the prior year. On average, colleges raise tuition about 3% each year.
Remember, the "sticker price" of tuition doesn't always tell the full story. Many students pay much less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make thecost of college more manageable until you're done with college.
Indiana Wesleyan University is a private, religious institution, so it has the same tuition for students from Indiana as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to confirm your state's guidelines for how to qualify for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on the state you and your parents currently live in.
Explore other Indiana colleges
IWU has the same tuition for international students as for those from out of state.
International students usually do not qualify for for federal financial aid, but may qualify for private or IWU-specific grants, scholarships, and other funding opportunities.. International students who demonstrate financial need may be eligible for the following types of financial support at IWU:
•IWU-specific loans •IWU-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at IWU.
Room and board at IWU is $10,050 a year. This includes the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat all or some of your meals the school dining facilities.
Meal-plan costs may vary depending on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools also have fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources for students who may struggle to participate because of cost can get help covering these fees.
The total cost of transportation in college can really vary. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these factors can drastically impact your estimated cost of transportation. At IWU, freshman are allowed to park on campus.
A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is sometimes pricey, but there may be more buses, trains or affordable flights to actually get to school. Indiana Wesleyan Universityis in a small town setting in Indiana, near Indianapolis.
When budgeting for college, be sure to take into account the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s go over all of the costs we've covered, to get a better idea of the actual cost of attending IWU.
What will the cost of attending IWU be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$10,050|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Indiana Wesleyan University undergrads use financial aid to finance their education. In 2022, 2,051 of the 2,799 undergrads enrolled received financial aid. IWU meets 92% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $30,090 a year. Around 73% of IWU undergrads take out student loans to cover any remaining costs. IWU graduates who have student loans graduate with an average of $30,355 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for IWU Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on IWU financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, IWU awarded 1,653 need-based scholarships to students, giving away total of $29 million to help students with financial need cover the cost of school. An additional $14 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for IWU students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at IWU was $30,090 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of IWU seem more manageable.
|Estimated Net Cost for Full-Time Students|
Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.
What will attending IWU really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the IWU's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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