Need-Based Aid

Wheaton Grant is an institutional grant and is generally the final component of a student’s gift aid award, helping to meet a determined percentage of need as set annually by the College.

Wheaton Grant funds are awarded to students on a first-come, first-served basis. Students must complete the application requirements prior to the end of the semester, as Wheaton Grant is not awarded for prior terms.

Wheaton Grant eligibility expires after eight semesters of enrollment. Students enrolling in a ninth semester or beyond may petition for fifth-year eligibility if there were extenuating circumstances requiring additional enrollment beyond 8 semesters. Academic Advising determines the hours needed for the student to complete the degree.

Need-based endowed scholarship funds are provided as gift assistance to students with demonstrated financial need. Students must meet the eligibility requirements for Wheaton Grant as well as any donor-designated restrictions. These funds will serve as replacement funds for Wheaton Grant as a source for institutional aid and maintain the same limitations. Students may see differences in the specific endowed scholarships they are awarded year to year.

This is a federally-funded grant, available to high-need students who meet the general Title IV student eligibility requirements and must not have already received a first bachelor’s degree. Students must file a FAFSA each year to determine their Pell Grant eligibility. The 2024-2025 maximum Federal Pell Grant is $7,395.

Student eligibility is determined by Student Financial Services. Awards are made to Title IV-eligible students with the lowest federal Expected Family Contribution (EFC), or Student Aid Index (SAI) beginning in 2024-2025, with priority to students who are Federal Pell Grant recipients. The maximum award is $4,000.

Residents of Illinois and Vermont may be eligible to receive state grants while enrolled at Wheaton College. Students must meet the state’s eligibility requirements and apply by the state deadline. The procedures and forms by which students apply, eligibility requirements, and the criteria for determining the amount of the awards vary for each program. Information can be found on each state’s website: Illinois MAP Grants and Vermont Grants. Delaware has the Scholarship Incentive Program (ScIP), which can be used out of state if the student’s major is not available at a Delaware Public Institution.

The William D. Ford Direct Loan Program is a federal educational loan program with a low fixed interest rate, available only to U.S. citizens and eligible non-citizens. Students must complete the FAFSA each year to determine eligibility for the Federal Direct Subsidized and/or Federal Direct Unsubsidized Loan.

Federal Work-Study (FWS) awards are available only to U.S. citizens and eligible non-citizens, and students must complete the FAFSA to determine eligibility. A student must have demonstrated need, and funds are awarded on a first-come, first-served basis to new students based on the date of admission and FAFSA filing date. Awards are renewed if the student continues to have financial need and was employed in a FWS job the previous year. Continuing students not previously receiving FWS may contact Student Financial Services to determine their eligibility and be placed on a waitlist should funds become available.

Awards are initially $1,000 but may increase depending on the estimated total earnings and the availability of funding. Wages are paid bi-weekly directly to the student, based on hours worked. The amount indicated in the financial aid award cannot be deducted from the student’s college bill. Federal Work-Study awards must be coordinated with other financial assistance so as not to exceed a student’s total need.

It is the student's responsibility to find a suitable job. Available FWS jobs, including on-campus positions and off-campus community service opportunities, are posted on the Wheaton College Human Resources page. Students have until October 1 to find a suitable job, but if a student has not found employment by October 1 and still wishes to participate in the program, the student must contact Student Financial Services to request an extension. If a student does not have an extension, and we have not received a work-study requisition form from a department or employer on that student’s behalf, we will remove the FWS eligibility and reassign the funds to another student.

Eligibility for institutional funds and state grants is based on credit hours, but eligibility for federal funds is based on CPOS hours. If a student is full time based on total credit hours, but CPOS-eligible hours are less than full time, federal grants will be prorated according to CPOS hours.

If CPOS hours are 9 - 11.9, the student will receive ¾ of the semester amount of their federal grants. If CPOS hours are 6 - 8.9, the student will receive ½ of the semester amount of their federal grants. If CPOS hours are less than 6, the student will receive ¼ of the semester amount of their federal grants.

If the student is enrolled in at least 6 CPOS-eligible hours, federal loans and Federal Work-Study will be offered at the full amount with no proration. If CPOS hours are less than 6, the student will not be eligible for any federal loans or work-study. 

Institutional funds are not available to make up for reductions in federal or state grant eligibility.

Cost of Attendance (COA) is based on CPOS hours. Please read the full policy for the impact of CPOS on cost of attendance, as well as the Accelerated MA program, B-quad classes, and schedule changes.

A student enrolled in less than 12 credit hours is part time. Financial aid will be prorated to reflect both total credit hours and CPOS hours (where applicable), according to the guidelines below.

Institutional funds will be prorated according to total credit hours. If total credit hours are 9 - 11.9, the student will receive ¾ of the semester amount of their institutional scholarships and grants. If total credit hours are 6 - 8.9, the student will receive ½ of the semester amount of their institutional scholarships and grants. If total credit hours are less than 6, the student will not be eligible for any institutional scholarships or grants.

Federal funds will be prorated according to CPOS hours. If CPOS hours are 9 - 11.9, the student will receive ¾ of the semester amount of federal grants. If CPOS hours are 6 - 8.9, the student will receive ½ of the semester amount of their federal grants. If CPOS hours are less than 6, the student will receive ¼ of the semester of their federal grants.

If a part-time student is enrolled in at least 6 CPOS hours, federal loans and Federal Work-Study will be offered at the full amount with no proration. If CPOS hours are less than 6, the student will not be eligible for any federal loans or work-study.

State grants will be prorated according to state guidelines.