Sources of Aid

Wabash College has a long tradition of offering one of the most generous scholarship programs of any college or university in the country. The extraordinary generosity of Wabash alumni and friends over the years has enabled us to maintain this outstanding merit scholarship program. The information contained here should answer your basic questions about Merit Scholarships and our policies governing the same.

THE WABASH COLLEGE PROMISE
The Wabash Promise is based on our historic commitment to provide a superior liberal arts education to qualified men regardless of their financial circumstances. Our need-based aid and merit scholarships fulfill this promise.

Need-Based Financial Aid for Indiana Students

  • Academically qualified Federal Pell Grant recipients, from Indiana, will receive grants to cover the balance of all tuition and fees not covered by government grants.
  • Academically qualified students from families residing in Indiana, with adjusted gross incomes up to $125,000 will receive grants to lower the Wabash tuition and fees to the equivalent to tuition and fees at the state's flagship university.
  • Application for admission must be completed by March 1, 2020.

WABASH COLLEGE MERIT-BASED SCHOLARSHIPS                                                             

For Domestic Students Entering Wabash in 2020-2021 

Scholarship amounts are renewable for 4 years. 

Grades and test scores will be reviewed through May 1, 2020.

Scholarship Grid

Scholarship Value How to apply Selection Criteria
Wabash College Lilly Awards Tuition, standard fees, on-campus room and board each year.  More than $200,000 over four years. Apply for admission and submit the Lilly Award application by January 5, 2020.

Based on character, creativity, and academic accomplishment.  Applicants must meet 2 out of 3 of following criteria to apply: 

  • a GPA of 3.5 (4.0 scale)
  • rank within the top 10 percent of your senior class
  • an SAT score of at least 1240 (EBR + M), or an ACT composite of 26

Finalists interviewed on campus February 23-24, 2020. APPLY HERE.

Honors Scholarship Up to full tuition over four years. Apply for admission by December 1, 2019 and attend Scarlet Honors Weekend December 6-7, 2019.  Scholarships are awarded based upon strength of students' academic credentials and performance during Scarlet Honors Weekend classroom experience.
Snodell Scholarships Up to $15,000 each year for four years Complete application for admission. Based on residence in Chicago, northern Illinois, southern Wisconsin, and eastern Iowa.
  • Students selected as Lilly Award recipients or who receive a full tuition award from Wabash are not eligible for additional Wabash Merit-Based Scholarships/Awards. Students selected to receive more than one of the other Wabash Merit-Based Scholarships/Awards will receive the monetary value of their highest award plus a maximum of an additional $1,000 to represent each Wabash Merit-Based Scholarship/Award of an equal or lesser monetary value.
  • Wabash College is a member of the NCAA Division III.  Consequently, we cannot consider athletic participation, ability, or leadership roles in the awarding of Wabash Scholarships.
  • Free Application for Federal Student Aid (FAFSA) should be filed by January 15, 2020 under code 001844.

GRANTS

Award Eligibility Amount Comments
Federal Pell Grant Financial need; Must file a FAFSA Up to $6,195 Does not have to be repaid
Federal SEOG Financial need; Must file a FAFSA $100 - $4000 Does not have to be repaid
Federal TEACH Grant Must file a FAFSA Up to $4000 Does not have to be repaid unless student fails to carry out required service obligation
Indiana Grants Indiana resident; Must file a FAFSA by April 15, 2020 $600 - $9500 Does not have to be repaid; Required to meet completion requirements to renew awards
Wabash Grants Based on financial need as determined annually by the FAFSA Amount varies based on annual FAFSA data FAFSA must be filed annually. Does not have to be repaid

LOANS and WORK

Award Eligibility Amount Comments
Federal Direct Subsidized Loan Financial need; Must file a FAFSA

Freshman - $3500

Sophomore - $4500

Junior/Senior - $5500

Must be repaid with interest after graduation or separation from college
Federal Direct Unsubsidized Loan Non-need based; Must file a FAFSA

Freshman - $5500 (less any subsidized funds received for the same period)

Sophomore - $6500 (less and subsidized funds received for the same period)

Junior/Senior - $7500 (less and subsidized funds received for the same period)

Must be repaid with interest after graduation or separation from the College; Additional unsubsidized funds available for students deemed independent by the Department of Education.
Federal Direct PLUS Loan Must file a FAFSA Up to total cost of attendance less other financial assistance received Parent borrows on behalf of the student to cover expected contribution; Must be repaid with interest
Private Loans Non-need based Up to total cost of attendance less other financial assistance received Must be credit-worthy or have a credit-worthy co-signer; Must be repaid with interest
Federal Work Study Must file a FAFSA Amount varies Money earned while attending school; Does not have to be repaid
Wabash Internships and Student Employment Need-based; Must file a FAFSA; Awarded on a limited basis Amount varies Money earned while attending school; Does not have to be repaid

Tuition Remission and Exchange Policy

Tuition Exchange and GLCA Tuition Remission Exchange are tuition benefits for employees of certain post-secondary institutions and their dependents. The employing institution (also called the “home” or “exporting” institution) determines eligibility for either program. Eligible employees should contact the Tuition Exchange or GLCA Tuition Remission Exchange representative at their home institution (typically in the human resources or financial aid offices) to initiate the application process.

Tuition Exchange —Students must apply for admission to Wabash College and designate Wabash on the Tuition Exchange application no later than December 1. Selections are made on a competitive basis; typically, two or three new applications are approved to be imported each year. Applicants are notified by mid-December of the selection committee’s decision. Tuition Exchange is valued at full-tuition each year.

GLCA Tuition Remission Exchange (TRE)—Students should apply for admission to Wabash College no later than December 1. TRE is valued at full-tuition, minus 15% of the mean charge of tuition for the participating colleges.

Both benefits are available for eight semesters and students must make satisfactory academic progress to retain eligibility. The parent/guardian eligible employee must reapply with and be approved by the home institution each year. Students should complete the FAFSA (Free Application for Federal Student Aid) each year to apply for other federal and/or state grant assistance. Recipients of Tuition Exchange and the GLCA Tuition Remission Exchange benefits are not eligible for Wabash merit-based assistance.

Department of Defense Voluntary Education Partnership

Wabash College is an active participant in the Department of Defense Voluntary Education Partnership Memorandum of Understanding.