Other Aid Options

Other Aid Options

There are several other aid options that might apply to certain students.

Source Eligibility Amount Comment
Ch. 33 GI Bill® and Yellow Ribbon Eligible veterans and dependents. Annually: Up to full tuition costs,
plus a housing and book stipend.
For more information, please see the Yellow Ribbon FAQ page.
Army ROTC Scholarships Outstanding Students interested in ROTC Annually: full tuition, plus book allowance and additional per month living allowance during school year. Recipients are not eligible to receive Wheaton Merit or Wheaton Grant funds. Contact the Department of Military Science.
Air Force ROTC Scholarships Outstanding students interested in ROTC Annually: varies and can be awarded up to full tuition, a book allowance, and a monthly living allowance during school year. Recipients are not eligible to receive Wheaton Merit or Wheaton Grant funds.  Contact Department of Aerospace Studies (off campus at 312.567.3525) Air Force ROTC- IIT
Federal Direct Unsubsidized Stafford Loans Students who do not demonstrate need; must complete FAFSA Up to $5,500 for freshmen; $6,500 for sophomores; $7,500 for juniors and seniors Student is responsible for interest accrued during in-school deferment; Fixed 5.50% interest rate for loans first disbursed on or after July 1, 2023 and before July 1, 2024; Origination fee of 1.057% for loans first disbursed on or after October 1, 2020 and before October 1, 2024.
Federal Direct PLUS Loan for Parents Available to parents. Not based on need, but parents are subject to credit analysis: FAFSA must be submitted Cost of attendance less financial aid accepted Fixed 8.05% interest rate for loans first disbursed on or after July 1, 2023 and before July 1, 2024; Origination fee of 4.228% for loans first disbursed on or after October 1, 2020 and before October 1, 2024.
On and off campus employment Open to all students Varies Explore excellent opportunities through The Center for Vocation and Career
Wheaton College Payment Plan Open to all students/parents Cost of budget less other financial aid Monthly plans available. Contact Student Financial Services Office at 630.752.5700
Outside Scholarships Varies Varies  
Bennett Fund - Debt Relief for Missionaries Undergraduate student or alumnus with school debt who is called to overseas missions work. Varies Loan forgiveness opportunity for graduating students and alumni called to overseas missions work. Details
James Dixon Summer Internship Award Undergraduate students who will be doing a summer internship in a church and demonstrating a commitment to service in the local church. Award of minimum $2,500 available The application process begins in the spring preceding the summer in which the internship will be carried out. For details, contact: Dan Haase, Internship Coordinator, in the School of Mission, Ministry, and Leadership at 630.752.7953.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.