Financial Information - College of Arts and Sciences
Tuition and Fees
It has always been the intent of Indiana Wesleyan University to keep the benefits of education within the financial possibilities of all who wish to attend. This is done by charging the student less than the actual cost and by using numerous financial assistance programs.
Tuition charges include all academic services, except those that require special fees, as listed on the Student Expense sheet, included in all schedule of classes, for each semester.
Charges are based on the total number of credit hours per semester. The same rate applies to day and night classes. Special rates may apply to May term and Summer Sessions.
Students taking six or more credit hours may qualify for financial aid and should contact the Financial Aid Office.
The total cost of tuition depends on the total number of credit hours (either day or night classes) taken per semester, as follows (for the 2012/2013 school year):
Credit hours above 16 per semester will be charged at $828 per credit hour.
Cost for the fall 2012 semester, as well as for the spring 2013 semester, is $1824 per semester. This cost covers the periods of time while school is in session, per the approved university calendar.
Summer Housing Charges - There is a charge for all students living in campus housing. One may contact the Student Account Services, CAS for the charge for summer. Arrangements for summer housing must be made in the Student Development Office.
Meal Plan Cost
The full meal plan for the fall 2012 semester, as well as for the spring 2013 semester, costs $1882 per semester.
The above charges cover the time when school is in session, per the approved university calendar. No refunds will be given for meals missed unless approved by the associate dean of Student Development. All arrangements for meal plans must be made in the Student Development Office.
Freeze Room and Board: Room and board will be frozen at entry level through the enrollment at IWU, including the graduate level, providing:
If you lose the room and board freeze
The freeze discount takes effect at the beginning of the student's third semester on campus and will be credited to the student's account upon meeting the above requirements.
($11,582 per semester for a full-time commuting student)
Special fees, books, supplies, travel, and personal expenses are additional.
Students enrolled in Fall Semester 2012 must have an approved payment plan by September 5, 2012, or pay their bill in full by August 15, 2012. Likewise, students enrolled in Spring Semester 2013 must have an approved payment plan by January 9, 2013, or pay their bill in full by December 15, 2012. Exceptions to these deadlines are possible only if financial aid is still pending, as long as all requested information has been submitted. If all requested documents have not been submitted to the Financial Aid Office by August 15 or December 15, the remaining balance is due immediately.
You may choose one, all, or any combination of the following:
PLAN ONE: Pay net amount due by August 15 for the fall 2012 semester or by December 17 for the spring 2013 semester. Net amount due represents total charges, less any scholarships, grants, or campus- administered loans confirmed by the Financial Aid Office. IWU accepts VISA, DISCOVER, MASTERCARD and AMERICAN EXPRESS. Online payments may be paid through the secure student portal by selecting 'Pay on My Account' located in the student account information.
PLAN TWO: Pay net amount using any Federal Direct Loan or Parent PLUS loan. All paperwork must be received in the Financial Aid Office by August 15, 2012 for the fall or December 15, 2012 for the spring. THIS IS VERY IMPORTANT!
PLAN THREE: Enroll in a tuition payment plan that spreads net amount due over each semester. IWU partners with Official Payments to offer the multiple tuition payment plans noted in the chart below. Spring tuition payment plans can be arranged at the same time as fall tuition payment plans or immediately prior to spring semester.
If you enroll after the 1st payment due date, a "catch-up" payment will be required for plan eligibility. For example, if you enroll on 6/15/2012 for the fall 6 - month plan, you will be required to submit the first payment at the time of enrollment.
Refund of Tuition
Registration is an agreement between the student and the university. If a student withdraws, a refund may be given, depending upon the period of time that has elapsed from the beginning of the semester. Refunds apply to those completely withdrawing from school, not to those who drop a course.
Notice about Withdrawal
Students must contact the Registrar's Office to withdraw from classes if they are unable to secure funding for their college expenses. The Registrar's Office must be notified before the first two weeks of the semester in order to receive 100% refund. If a student does not formally withdraw through the Registrar's Office, grades of "F" will be given for the semester. The following table reflects the percentage/amount of refund allowable to those who completely withdraw from school.
No refunds after the fifth week.
*Special fees, such as private lesson fees, are refundable according to the same percentages as tuition.
Refund of Meal Plan
A student will be charged or refunded $18.45 per day. No board refunds will be given after December 1, 2012, for the fall semester or April 1, 2013, for the spring semester.
Scholarships and other forms of financial aid are taken into consideration when refunds are calculated and are prorated according to program restrictions.