University of Iowa students who have been affected by problems with the farm economy may take advantage of a new financial assistance program called the UI Farm Access Program.
The University will offer bridge loans to help qualified students pay tuition and fees. In addition, the Office of Student Financial Aid (OSFA) will hire additional financial advisers and train existing staff on the issues and circumstances affecting the economic well-being of families that get their income from farming and farm-related occupations.
In addition to the bridge loans for the 1999-2000 academic year, a new grant program will be available for eligible students to help cover tuition and fees for next year. Awards will be made up to $1,000 per year, based upon need, and are renewable for up to four years.
"Its very important that we respond to the recent changes in the agricultural economy," says President Mary Sue Coleman. "We want to ensure that a University of Iowa education remains accessible to all qualified students. This program is not only for students from farm families, but for all those who are directly affected by the downturn in the agricultural economy."
Students who are concerned that they will be unable to pay their University bills are encouraged to meet with an OSFA adviser. The students financial circumstances will be reviewed and an extended payment plan may be developed as warranted. The new programs are open to full-time undergraduate students.
For more information, contact the Office of Student Financial Aid,
1-800-553-4692 or (319) 335-1450.