Type of aid: Federal loan that must be repaid. Interest is charged at a fixed rate of 6.31% (7.00% beginning 7/1/17).
Award amounts: Students may borrow up to the full Cost of Attendance minus all other aid
Application process: Must have completed a Direct PLUS Loan Request and credit check, Graduate PLUS Master Promissory Note, Entrance Counseling session for graduate or professional students, valid year-appropriate FAFSA, and all associated paperwork to complete your financial aid file. Apply on the Federal Student Aid website.
Eligibility requirements: Must be a graduate student. The borrower must be determined credit-worthy by the lender, and the loan amount must fit within the estimated Cost of Attendance minus other aid.
Repayment: The loan enters repayment once it has been fully disbursed, but payment will be deferred until six months after the last date of half-time enrollment
Renewal requirements: All application items, except for the Entrance Counseling session and Graduate PLUS Master Promissory Note, must be completed annually.
EFC eligibility requirements: All
Enrollment requirements: Half-time or more enrollment is required
Grade-level eligibility: All graduate degree programs
Costs this aid can cover: Any education related expense

Contact Info

Indiana Wesleyan University

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

Financial Aid Estimator

FAFSA Code: 001822

Free Application for Federal Student Aid

Last updated: 05/17/2017