Additional Loans

Alternative/Private Education Loan

Private loans are an additional way to finance the costs of higher education when federal direct options are exhausted. They are offered through private lenders whose loans are unassociated with any federal student loan program. Typically, private loans are credit-based, which means that borrowers are required to pass a credit check. In some cases, a cosigner may be required.

You can view more information or apply here for an Alternative/Private Education Loan.



Graduate PLUS Federal Direct Loan

Graduate PLUS Federal Direct Loans are an option for graduate students when subsidized/unsubsidized Federal Direct Loans and other financial aid do not cover their full educational costs. Graduate PLUS Federal Direct Loans have a fixed interest rate of 6.41% for the life of the loan.

You can view more information or complete the steps below in order to be considered for a Graduate PLUS Federal Direct Loan:

Complete the 3-step process below on the Federal Student Aid website to be considered for a Graduate PLUS Federal Direct Loan. You must have an established Federal Student Aid PIN in order to complete these items. For each item you must enter "Indiana" in the School State field even if you attend classes in another state or online.

  • ENTRANCE COUNSELING SESSION

    Click on Complete Entrance Counseling from the menu on the left. Select the graduate/professional student counseling type.
  • APPLICATION AND CREDIT CHECK

    Click on Request Direct PLUS Loan from the menu on the left and select Graduate PLUS from the next page. You must complete the entire application, including the credit check, to be considered.
  • MASTER PROMISSORY NOTE

    Click on Complete MPN from the menu on the left and select Graduate PLUS from the next page.

Parent PLUS Federal Direct Loan

A parent can borrow a Parent PLUS Federal Direct Loan to help pay for the cost of a dependent's undergraduate education. Parent PLUS Federal Direct Loans have a fixed interest rate of 6.41% for the life of the loan.

You can view more information or complete the steps below in order to be considered for a Parent PLUS Federal Direct Loan:

Complete the 2-step process below on the Federal Student Aid website to be considered for a Graduate PLUS Federal Direct Loan. You must have an established Federal Student Aid PIN in order to complete these items. For each item you must enter "Indiana" in the School State field even if you attend classes in another state or online.

  • APPLICATION AND CREDIT CHECK

    Click on Request Direct PLUS Loan from the menu on the left and select Parent PLUS from the next page. You must complete the entire application, including the credit check, to be considered.
  • MASTER PROMISSORY NOTE

    Click on Complete MPN from the menu on the left and select Parent PLUS from the next page.

Contact Info

Indiana Wesleyan University

Financial Aid Office
1900 W. 50th St.
Marion, IN 46953
800-621-8667, ext. 2516
765-677-2516
Fax: 765-677-2030
apsfinaid@indwes.edu

FAFSA Code: 001822

Free Application for Federal Student Aid