Source
|
Eligibility
|
Amount
|
Comment
|
| Wheaton Grant |
Demonstrated need on FAFSA |
Up to $25,000
(for 2011-2012) |
Institutional funding for qualified students. |
| Wheaton College Restricted Scholarships |
Demonstrated need on FAFSA |
Up to $24,632
(for 2011-2012) |
Endowed scholarship funds provided by friends of the college, offered to students eligible for Wheaton Grant. |
| Federal Pell Grant |
High need on FAFSA |
$5,500 maximum |
Federal Government funding program |
| Federal Supplemental Education Opportunity Grant (FSEOG) |
High need on FAFSA |
$4,000 maximum |
Federal Government funding program |
| State Scholarships |
Residents of IL, PA, VT, RI, DE |
Varies
- IL maximum for 2011-12 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
|
- Repayment begins 6 months after graduation or 6 months after student drops below half-time status.
- Fixed 6.8% interest rate on subsidized loans disbursed on, or after July 1, 2012 and before July 1, 2013. Interest paid by the government while student is in deferment but starts accruing when grace period begins.
- Origination fee of 1%.
|
| Federal Perkins Loan |
Demonstrated high need |
- $2,000 max for Freshman
- $1,000 max for Sophomores
|
- 5% interest rate.
- Repayment begins 9 months after graduation, or 9 months after student drops below half-time status.
- Up to 10 years to pay back.
|
| Woten Fund |
Students planning to become missionary doctors or nurses |
Amount varies |
Students will be contacted by the Financial Aid Office |
Federal Work Study
|
Demonstrated need |
$1,000 initially (may increase depending on the funds available) |
- Wage paid by the Federal Government.
- Paycheck given directly to the student.
|
| |