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Need-Based Aid 2008-2009

Source Eligibility
Amount Comment
Wheaton Grant Demonstrated need on FAFSA Ranges up to $22,000 Institutional funding for qualified students
Wheaton College Restricted Scholarships Demonstrated need on FAFSA Ranges up to $25,000
Endowed scholarship funds provided by friends of the college, offered to students eligible for Wheaton Grant
Federal Pell Grant High need on FAFSA $4,731 maximum Federal Government funding program
FSEOG High need on FAFSA $1,600 maximum Federal Government funding program
State Scholarships Residents of IL, PA, VT, RI, AK, DE Varies Must apply separately by state deadline. IL residents apply by completing FAFSA by August 15
Federal Stafford Loan Demonstrated need Up to $3500 as Freshmen,
$4,500 as Sophomores, $5,500 for Juniors and Seniors
Fixed interest rate at 6.0% on subsidized Stafford loans disbursed on or after July 1, 2008; repayment begins after graduation or if student goes below full-time status; provided by banks or other lending institutions
Federal Perkins Loan Demonstrated high need $2,000 max. for Freshmen,
$1000 max. for Sophomores
5% interest rate. Repayment begins after graduation, or if student goes below full-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 Financial Aid Office
Federal Work Study Demonstrated need $800 max. (may increase depending on funds available) Wage paid by federal government





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