Types of Financial Aid

Types of Financial Aid - Grants

Federally funded grant based on financial need
Eligibility determined by the U.S. Department of Education and is based on the FAFSA EFC
Not affected by the February 1 priority deadline
2008-09 awards range from $890 to $4,731 per academic year (contingent on federal funding)

Federally funded grant based on financial need
Awarded by the institution only to students who show exceptional financial need or eligibility for a Federal Pell Grant
Ranges from $200 to $4,000 per academic year with limited funding each academic year

Federally funded grant awarded to full-time students who are receiving the Pell Grant
$750 first year award to students completing a rigorous high school program, as defined by the Department of Education, and have not previously been enrolled in and undergraduate program
$1300 second year award to students completing a rigorous high school program, as defined by the Department of Education, and have at least a 3.0 cumulative GPA at the completion of their first year of postsecondary study
School will notify student of eligibility, typically during August

Federally funded grant awarded to full-time students who are receiving the Pell Grant
$4000 award for each of the third and fourth academic year of an eligible degree program majoring in physical, life, or computer sciences, engineering, technology, mathematics or a critical-need foreign language and have at least a 3.0 cumulative GPA
School will notify student of eligibility, typically during August

State funded grant based on financial need for students from Iowa only
Eligibility determined by the Iowa College Student Aid Commission and is based on the FAFSA EFC
Not available for more than eight semesters of undergraduate study
Maximum award for 2008-09 is $4,000 when fully funded