Additional Information

 

Grants are not automatically renewed.  Students must reapply for financial aid each year. 

Some financial aid programs are subject to the availability of funds (first-come, first-served); therefore, financial aid applications should be completed as soon as possible after January 1 and preferably by March 1 for the upcoming academic year.

Financial aid applications are reviewed when all required forms have been received by the Office of Student Financial Aid.

Grants

Grants are gifts of money that do not have to be earned or repaid. To apply for grants awarded by the Office of Student Financial Aid, students must file the Free Application for Federal Student Aid (FAFSA) and complete all other required documents each year.  For information on the financial aid application process, refer to our Step-by-Step Process web page.

The U.S. Department of Education web site has additional information on grant programs.

The University of Iowa Office of Student Financial Aid (UI OSFA) encourages students to file the FAFSA as soon as possible after January 1 and preferably by March 1 for the upcoming academic year. The FAFSA can be filed using estimated income information if actual information is not available. After a student is admitted to the University of Iowa and has submitted the Iowa Verification Form and federal tax returns, the FAFSA information is reviewed and the student's financial aid eligibility is determined. Students are considered for grants and scholarships before employment and loans.

Awards are made on a first-come, first-served basis. Although students can apply for financial aid throughout the year, funding for some financial aid programs may be depleted prior to May 1 for the upcoming academic year. Therefore, students are encouraged to submit all forms as soon as possible to be considered for the maximum amount of financial aid.

More detailed financial aid application information is available on our Step-by-Step Process web page. Students will automatically be considered for the Federal Pell Grant, Federal SEOG, Iowa Grant, and IMAGES, if they have submitted all required financial aid documents.

 

Federal Pell Grant

This federal need-based grant is awarded to the most needy students, determined by filing the FAFSA. Only undergraduate students who have not earned a bachelor's degree are eligible. The amounts vary each award year depending on program funding, number of hours for which the student is enrolled, and the expected family contribution. The maximum 2014-2015 academic year award for a full-time student is $5,730. Less than half-time enrollment is allowed in certain circumstances.


Federal Supplemental Educational Opportunity Grant (SEOG)

This federal need-based grant is awarded to students with exceptional financial need, determined by filing the FAFSA. Only undergraduate students who have not earned a bachelor's degree are eligible. Students must be enrolled at least half-time (six hours per semester) and may receive this grant for a maximum of eight semesters.

Federal TEACH (Teacher Education Assistance for College and Higher Education) Grant

To apply for this grant, students will need to complete a separate application, available from the Office of Student Financial Aid. The TEACH Grant Program is a non-need-based program providing grants of up to $4,000 per year to graduate students enrolled in select College of Education teacher certification programs.

Eligibility requirements are:

  • Complete the Free Application for Federal Student Aid (FAFSA), though students do not have to demonstrate financial need
  • Be a U.S. citizen or eligible non-citizen
  • Be enrolled as a graduate student taking coursework that is necessary to begin a career in teaching or
    plan to complete such coursework, or an endorsement in a high need field (Math, Science, Foreign Language/ESL, Special Education, Developmental Reading). Such coursework may include subject area courses (e.g., math courses for a student who intends to be a math teacher)
  • Have a 3.25 cumulative grade point average OR meet GRE requirements

In exchange for receiving a TEACH Grant, students must:

  • agree to teach for at least four academic years in a high-need field within eight calendar years of completing the program of study for which they received a TEACH Grant
  • teach in a public or private elementary or secondary school that serves low-income students
  • teach at least 70 percent of the time in a high-need field (part-time teaching is not eligible for loan forgiveness)

IMPORTANT--If you receive a TEACH Grant but do not complete the required teaching service, as explained above, you will be required to repay the grant as a Federal Direct Unsubsidized Stafford Loan, with interest charged from the date of each TEACH Grant disbursement.

Refer to the Department of Education TEACH Grant Program Web Site for additional information.

Iowa Grant

This state need-based grant is awarded to students with exceptional financial need, determined by filing the FAFSA. Only undergraduate students who are residents of Iowa and have not earned a bachelor's degree are eligible. Students must be enrolled at least half-time (six hours per semester) and may receive this grant for a maximum of eight semesters.

IMAGES (Iowa Minority Academic Grant for Economic Success)

This university and state need-based grant is awarded to Iowa residents pursuing their first undergraduate degree who are African American, Latino/Hispanic, Asian, Pacific Islander, American Indian, or Alaskan Native and demonstrate financial need. Students must earn 24 semester hours with a 2.0 grade-point average each academic year. Students must be enrolled at least half-time (six hours per semester) and may receive this grant for a maximum of eight semesters.

State of Iowa Funded Aid

If you are awarded State of Iowa funded aid (Iowa Grant, Iowa National Guard Education Assistance Program, All Iowa Opportunity Scholarship, All Iowa Opportunity Foster Care Grant), in the event that available state funds are insufficient to pay the full amount of each award, the Iowa College Student Aid Commission has the authority to administratively reduce the award to an amount less than the statutory maximum.