Need-based Aid

Need-based aid makes college affordable for you, and includes borrowed, given, or earned money that is provided through a variety of sources. It is intended to make up the difference between what your family can afford to pay and what college costs.

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Source

Eligibility 

Amount 

Comment

Wheaton Grant

Demonstrated need on FAFSA and Institutional Financial Aid Application

Up to $25,000
(for 2016-2017)

Wheaton Grant is generally the final component of a financial aid award, helping to meet remaining need after other institutional scholarships have been applied. Wheaton Grant eligibility expires after 8 semesters of enrollment, unless there are extenuating circumstances requiring additional enrollment.

Wheaton College Restricted Scholarships

Demonstrated need on FAFSA and Institutional Financial Aid Application

Varies       

Endowed scholarship funds provided by friends of the college, offered to students eligible for Wheaton Grant.

Bryson Scholarship Students with unforeseen financial burdens who do not normally qualify for aid because of family income Varies, one time only award Based on unusual circumstances. No application required; students are recommended by Student Financial Services Counselors.
Emery Scholarship Students with unforeseen financial burdens who do not normally qualify for aid because of family income Varies, one time only award Based on unusual circumstances. No application required; students are recommended by Student Financial Services Counselors.
D. & A. Smith Scholarship Students with unforeseen financial burdens who do not normally qualify for aid because of family income Varies, one time only award Based on unusual circumstances. No application required; students are recommended by Student Financial Services Counselors.
Stair/Gramley/Schneberger Scholarship Students with unforeseen financial burdens whose parents are in full-time ministry  Varies Based on unusual circumstances. No application required; students are recommended by Student Financial Services Counselors. 
D. & C. Stewart Family Scholarship Students from New Mexico with unforeseen financial burdens who do not normally qualify for aid because of family income  Varies, one time only award Based on unusual circumstances. No application required; students are recommended by Student Financial Services Counselors. 
 Federal Pell Grant>> High need on FAFSA

 $5,815 maximum

 

Federal Government funding program

See also "Special Provisions for Books and Supplies"

Federal Supplemental Education Opportunity Grant (FSEOG)>>

High need on FAFSA, priority awarding to students who are Pell Grant eligible.

$4,000 maximum

Federal Government funding program

FSEOG will be awarded to students from the two categories of those whose date of application is by March 15 for fall term, or January 15 for spring term.

State Scholarships

Residents of IL, VT, DE

Varies

  • IL maximum for 2016-17 is $4,720 

Must apply separately by state deadline

Federal Direct Subsidized Stafford Loan>>

Demonstrated need

Up to:

  • $3,500 as Freshman
  • $4,500 as Sophomores
  • $5,500 as Juniors and Seniors
Please click here for more information.

Federal Perkins Loan>>

Demonstrated high need

  • $2,000 max for Freshman
  • $1,000 max for Sophomores
  • $2,000 for Juniors/Seniors whose parent has been denied for the Parent Plus loan
Please click here for more information.

Woten Fund

Students planning to become missionary doctors or nurses

Amount varies

Students will be contacted by the Student Financial Services Office

Federal Work Study

Demonstrated need, awarded first-come, first served to new students

$1,000 initially (may increase depending on the funds available) 

  • Wages paid by the Federal Government, bi-weekly, based on hours worked 
  • Continuing students without Federal Work Study can request funding through waitlist at Student Financial Services Office

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