| Type of aid: |
Loan – must be repaid |
| Award amounts: |
Up to $3,000 if funds are available. |
| Application process: |
Must complete paperwork for this loan with the IWU Financial Aid office. |
| Eligibility requirements: |
Must show substantial financial need. Must complete the Master Promissory Note (MPN) and Entrance Interview as directed by information associated with your financial award letter. |
| Repayment: |
Begins nine months after last date of half-time enrollment. Interest is fixed at 5.0% and no initial fees are taken from the loan. |
| Renewal requirements: |
Eligibility is evaluated annually |
| EFC eligibility range: |
0 – 1,700 |
| Enrollment requirements: |
Full-time enrollment is required for full award receipt |
| Grade-level eligibility: |
All degree-seeking students |
| Costs this aid can cover: |
Any educationally related expense |