Annual Costs

Undergraduate Tuition

Tuition for Indiana Wesleyan University is $25,980 for the 2017/2018 academic year. This is 6% cheaper than the national average private non-profit four year college tuition of $27,755. The cost is 26% more expensive than the average Indiana tuition of $20,697 for 4 year colleges. Tuition ranks 42nd in Indiana amongst 4 year colleges for affordability and is the 24th most expensive 4 year college in the state. Price does not vary by residence.

Housing Costs

On campus room and board is provided by the school at a cost of $8,312 per academic year. Students electing to live off campus elsewhere in Marion should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,384.

Other Living Expenses

If living on-campus, students should budget for $2,084 in additional living expenses. Off-campus students should budget for $2,700 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to IWU was $37,760 for the 2017/2018 academic year. The cost is the same for all students regardless of Indiana residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Indiana Wesleyan University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Indiana Wesleyan University
Estimated Budgets
Indiana Resident Total Budget $37,760
   In-State Tuition$25,980
   Other Fees$0
   Room and Board$8,312
   On-Campus Other Budget$2,084
   Books and Supplies$1,384
Non-Resident Total Budget $37,760
   Out-of-State Tuition$25,980
   Other Fees$0
   Room and Board$8,312
   On-Campus Other Budget$2,084
   Books and Supplies$1,384


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $37,760 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported IWU net price for in-state students is $23,721* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

83% of Indiana Wesleyan University students received grant aid in 2014/2015. The average total aid amount was $10,747. 45 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $3,776. To apply for a Pell Grant to attend Indiana Wesleyan University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Indiana Wesleyan University
Financial Aid Summary
Average Annual Net Price$23,721*
Percent of Students Receiving Grant Aid83%
Average Total Grant Aid$10,747
Percent of Students Receiving Pell Grants45%
Average Amount of Pell Grant Aid$3,776

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$26,056
$30,001 to $48,000$25,459
$48,001 to $75,000$23,270
$75,001 to $110,000$23,710

Average Financial Aid Mix - $37,760 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $37,760. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 30% - $10,747

Money granted to you by the U.S. Department of Education, Indiana Wesleyan University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 17% - $6,203

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 52% -  $18,726

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Indiana Wesleyan University
Taylor University25.6% more expensive
Manchester University17.2% more expensive
Marian University27% more expensive
Bluffton University20.2% more expensive
Valparaiso University44.5% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Indiana Wesleyan University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at IWU is $151,040 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $21,852 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $87,408**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $188,800 or $109,260 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Indiana Wesleyan University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Indiana Wesleyan University
Price per credit hour$929
Cost for one class (3 credit hours)$2,787
Cost for one class (4 credit hours)$3,716


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 67% of Indiana Wesleyan University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,203. The reported average student debt upon graduation is $31,482.

Example Loan Payments and Costs

How much are student loan payments for Indiana Wesleyan University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $87,408, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $108,453.28. This could be your effective total out of pocket cost of an education at Indiana Wesleyan University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 83% of students at this school who receive financial aid and you are paying an average annual net price of $21,852. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Indiana Wesleyan University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Indiana Wesleyan University Student Loan Payments
Example Payments
Monthly Loan Payment$903.78
Amount Borrowed$87,408.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$21,045.28
Sum of All Payments over 10 years$108,453.28

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend IWU? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Indiana Wesleyan University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $108,453.28 would be needed to afford a $903.78 monthly payment in the example $87,408.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Indiana Wesleyan University in the future? In the past four years, this school's published in-state tuition and fee total rose from $23,164 to $25,980. This amounts to an average annual price increase of 2.4%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $151,040.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Indiana Wesleyan University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$51,929$207,715
Estimated Cost in 10 years for students enrolling in 2029$66,276$265,103
Estimated Cost in 15 years for students enrolling in 2034 $84,587$338,346
Estimated Cost in 18 years for students enrolling in 2037 $97,920$391,678

Tuition History

What was tuition at IWU five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearTuitionAnnual Increase

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Indiana Wesleyan University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Business Administration and Management, General Bachelor's Degree 916 9% costlier
Registered Nursing/Registered Nurse Bachelor's Degree 692 5% costlier
Business/Commerce, General Associate's Degree 534 71% costlier
Management Information Systems, General Bachelor's Degree 92 3% costlier
Accounting Associate's Degree 67 86% costlier
Marketing/Marketing Management, General Bachelor's Degree 63 4% costlier
Elementary Education and Teaching Bachelor's Degree 50 6% costlier
Psychology, General Bachelor's Degree 46 7% cheaper
Computer/Information Technology Services Administration and Management, Other Associate's Degree 44 90% costlier
Pastoral Studies/Counseling Associate's Degree 31 5% costlier
Liberal Arts and Sciences, General Studies and Humanities, Other Associate's Degree 31 64% costlier
Social Work Bachelor's Degree 22 5% costlier
Criminal Justice/Safety Studies Associate's Degree 19 96% costlier
Sport and Fitness Administration/Management Bachelor's Degree 18 0% costlier
Photography Bachelor's Degree 16 16% cheaper
Youth Ministry Bachelor's Degree 12 11% costlier
Organizational Behavior Studies Bachelor's Degree 11 11% cheaper
Art Therapy/Therapist Bachelor's Degree 10 15% cheaper
Religious/Sacred Music Bachelor's Degree 10 11% costlier
International/Global Studies Bachelor's Degree 10 14% cheaper
Athletic Training/Trainer Bachelor's Degree 10 0% costlier
Intercultural/Multicultural and Diversity Studies Bachelor's Degree 9 5% cheaper
Computer Graphics Bachelor's Degree 9 6% costlier
Pre-Medicine/Pre-Medical Studies Bachelor's Degree 8 12% cheaper
English/Language Arts Teacher Education Bachelor's Degree 8 8% costlier
Pastoral Counseling and Specialized Ministries, Other Bachelor's Degree 8 19% costlier
Social Science Teacher Education Bachelor's Degree 7 19% costlier
Biology/Biological Sciences, General Bachelor's Degree 7 7% cheaper
Political Science and Government, Other Bachelor's Degree 7 19% cheaper
Teaching English as a Second or Foreign Language/ESL Language Instructor Bachelor's Degree 6 9% costlier
Mathematics Teacher Education Bachelor's Degree 6 7% costlier
Interior Design Bachelor's Degree 6 2% cheaper
Exercise Physiology Bachelor's Degree 6 11% cheaper
Physical Therapy/Therapist Bachelor's Degree 6 7% cheaper
Mass Communication/Media Studies Bachelor's Degree 6 1% cheaper
Drawing Bachelor's Degree 6 11% cheaper
Finance, General Bachelor's Degree 6 1% costlier
Art Teacher Education Bachelor's Degree 5 4% costlier
English Language and Literature, General Bachelor's Degree 5 6% cheaper
Physical Education Teaching and Coaching Bachelor's Degree 5 8% costlier
Mathematics, General Bachelor's Degree 4 8% cheaper
Public Relations, Advertising, and Applied Communication, Other Bachelor's Degree 4 9% cheaper
Pre-Theology/Pre-Ministerial Studies Bachelor's Degree 4 8% costlier
History, General Bachelor's Degree 4 8% cheaper
Economics, General Bachelor's Degree 4 16% cheaper
Parks, Recreation, Leisure, and Fitness Studies, Other Bachelor's Degree 4 14% costlier
Computer Software Engineering Bachelor's Degree 4 2% cheaper
International Relations and Affairs Bachelor's Degree 4 20% cheaper
Music, General Bachelor's Degree 4 9% cheaper
Dramatic/Theatre Arts and Stagecraft, Other Bachelor's Degree 3 6% cheaper
Substance Abuse/Addiction Counseling Associate's Degree 3 100% costlier
Fine/Studio Arts, General Bachelor's Degree 3 13% cheaper
Spanish Language and Literature Bachelor's Degree 3 12% cheaper
Creative Writing Bachelor's Degree 3 18% cheaper
Music Theory and Composition Bachelor's Degree 3 19% cheaper
Chemistry, General Bachelor's Degree 3 9% cheaper
Computer Programming, Other Bachelor's Degree 3 6% costlier
Philosophy and Religious Studies, Other Bachelor's Degree 3 6% cheaper
Biochemistry Bachelor's Degree 3 19% cheaper
Religious Education Bachelor's Degree 2 13% costlier
Painting Bachelor's Degree 2 15% cheaper
Speech Communication and Rhetoric Bachelor's Degree 1 5% cheaper
Political Science and Government, General Bachelor's Degree 1 9% cheaper
Entrepreneurial and Small Business Operations, Other Bachelor's Degree 1 4% cheaper
Computer and Information Sciences and Support Services, Other Bachelor's Degree 1 3% cheaper
Bible/Biblical Studies Associate's Degree 1 60% costlier
Chemistry Teacher Education Bachelor's Degree 1 6% costlier
Social Sciences, General Bachelor's Degree 1 2% cheaper
Biology Teacher Education Bachelor's Degree 1 13% costlier
Special Education and Teaching, General Bachelor's Degree 1 6% costlier


Use the calculators below to formulate a college savings plan for Indiana Wesleyan University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Indiana Wesleyan University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Indiana Wesleyan University student loan.

Prepayment Option

About Indiana Wesleyan University

Indiana Wesleyan University is a four year private college located in Marion, Indiana.  The school is affiliated with the Wesleyan faith.  Full time enrollment is 2,727 and part time is 313. Learn more about getting accepted at Indiana Wesleyan University at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Indiana Wesleyan University
4201 S Washington St
Marion, Indiana

For Profit / Not For Profit Status

Indiana Wesleyan University is a private not for profit institution.

Indiana Wesleyan University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=151801 IPEDS survey data.