Indiana Wesleyan University CARES ACT HEERF Reporting Disclosure

Updated 7/1/2020

Indiana Wesleyan University implemented a CARES Act application deadline of June 15, 2020. Per the instructions on the application, students who had expenses that exceeded the initial emergency grant were to submit an additional request for funding. As of June 15, 2020, an additional $403,477 was disbursed to 815 students based on the original application formula and to fund added requests.

On June 26, the University identified 3318 current students who met the eligibility requirements to receive emergency grant funding under the CARES Act - who previously had not received additional funding. $912,450 was divided equally among those students, resulting in a $275 emergency grant distributed to each student.

As of July 1, 2020, Indiana Wesleyan University has distributed $2,113,527 of the $2,271,623 student aid funding it received under section 18004 (a)(1) of the CARES Act as emergency grants to students. The University has retained $158,096 of said funding to continue to assist students with additional expense requests.


Updated 5/19/20

Indiana Wesleyan University signed and returned to the Department, the Certification and Agreement to apply for funding under Section 18004(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on April 13, 2020. The University intends to use no less than 50 percent of the funds received to provide Emergency Financial Aid Grants to students.

The University was approved and received $2,271,623 in funding from the Department to award as Emergency Financial Aid grants to students on April 21, 2020. As of May 19, 2020, $797,600 has been disbursed to 1649 students.

An estimated 3690 students were determined to be eligible to participate in programs under Section 484 in the Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants under Section 18004 (a)(1) of the Cares Act.

Eligible students must have a FAFSA on file, be Title IV eligible with verification complete (including resolution of c-codes), in good academic standing, and not enrolled exclusively in an online program when the University moved to online instruction on March 16, 2020.

Students were sent a link to an application where they could self-certify they had expenses related to the disruption of campus operations due to coronavirus. The FAFSA was used to determine an expected family contribution (EFC) cutoff, with students below the cutoff receiving an $800 grant and those above receiving a $300 grant. Students were instructed to contact CARESAct@indwes.edu if they had additional expenses above the emergency grant received.