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Need-Based Aid

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.

Source	Eligibility	Amount	Comment
Wheaton Grant	Demonstrated need on FAFSA	Varies	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	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 Advisors.
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 Advisors.
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 Advisors.
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 Advisors.
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 Advisors.
Federal Pell Grant>>	High need on FAFSA	$5,920 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 2017-18 is $4,968	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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