Lana Oconnell
The University of Iowa offers a wide range of financial aid options for its students. The Office of Student Financial Aid provides support to undergraduate, graduate, and professional students, offering information on work-study programs, loans, grants, and scholarships. The university also assists students with financial literacy resources and counselling services. With a focus on making world-class education accessible, the university offers scholarships, grants, and part-time job opportunities to help students fund their education. The university's billing office manages the disbursement of financial aid, ensuring that students receive timely refunds and accurate billing statements.
| Characteristics | Values |
|---|---|
| Office of Student Financial Aid | Provides information, financial literacy resources, and counseling for students and families |
| Types of financial aid | Work-study, loans, grants, scholarships |
| Scholarships | Merit-based, recognizing academic achievement and other accomplishments; some require financial need as demonstrated on the FAFSA |
| Scholarship opportunities | General scholarships (open to all students) and departmental scholarships (restricted to students within a specific major or field of study) |
| Scholarship application process | Students can log in with their Hawk ID and password to access required applications |
| Financial aid disbursement | All financial aid (except work-study) is disbursed through the University Billing Office |
| Use of financial aid funds | Financial aid is first applied to contract charges (tuition/fees, room, and meal plan), and any remaining funds are refunded to students |
| Receiving refunds | Students should authorize direct deposit to avoid delays in receiving financial aid refunds |
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What You'll Learn
Scholarships
The University of Iowa provides a range of scholarships for students, including those based on financial need, academic merit, or both. Students can apply for scholarships through the Iowa Scholarship Portal, and admitted and currently enrolled students can log in with their Hawk ID and password to begin the application process.
The University of Iowa offers various scholarships each year to outstanding undergraduate students. Merit-based scholarships are available, and students may receive this scholarship for up to four semesters of undergraduate enrollment or until a bachelor's degree is received, whichever comes first. However, students must maintain continuous full-time enrollment and a minimum cumulative UI GPA of 2.75.
There are also outside scholarships offered by private and non-profit organizations, such as the Bright Scholars of Iowa Award, which is given to first-year Iowa residents with outstanding academic achievement and a commitment to community service. The Carver Scholars Program is another example of an outside scholarship, awarded to full-time students starting their junior year who demonstrate high achievement and determination despite challenging circumstances.
Additionally, specific scholarships are available for Iowa residents, such as the Iowa Farm Scholarship/Iowa Basketball Lettermen Fund, which is awarded to first-year students in the top quartile of their high school graduating class with parents who own and operate an Iowa farm. The Henry B. Tippie University of Iowa Scholarship is another option for graduates of Belle Plaine Community Schools, with a preference for business majors.
Students with disabilities can also find financial assistance through state vocational rehabilitation offices, and dependents of veterans may qualify for educational aid, including the War Orphans Educational Aid.
It is important to note that students should not limit their scholarship search to University-sponsored opportunities. They are encouraged to explore other scholarship options from local, regional, and national agencies, as well as corporate and nonprofit organizations.
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Student jobs
The University of Iowa offers a variety of student job opportunities to help students cover their personal expenses while gaining valuable career skills.
Work-Study Program
The University of Iowa's Work-Study Program provides students with the opportunity to work and earn money to fund their education. Students can work at various jobs, both on and off-campus, with approved off-campus government or non-profit agencies. The Work-Study Program is a great way to gain an edge in the job market as it is reimbursed by the government, giving employers an incentive to hire Work-Study students. Students must be enrolled as undergraduates in an eligible degree or certificate program and demonstrate financial need by filing the Free Application for Federal Student Aid (FAFSA) annually.
Student Employment
The University of Iowa encourages student employment, with nearly 1 in 3 students working on campus. Students can gain career-enhancing opportunities, develop skills relevant to their majors, and prepare for competitive job markets. The Pomerantz Career Center (PCC) assists students in finding employment by offering resume and job search tips, as well as developmental training, including the UI STEP (Student to Employed Professional) program. Students can also attend the Student Employment Job Fair, hosted by the PCC, to interview with potential employers and submit job applications.
Work Limitations
Students participating in the Work-Study Program or other student employment opportunities at the University of Iowa are limited to working a maximum of 20 hours per week during the academic year, as established by Iowa state law.
Work-Study Offer
The typical Work-Study offer is $2,500 per semester for returning students and $1,750 per semester for first-year and transfer students. Payment for hours worked is deposited into the student's bank account biweekly.
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Financial literacy support
The University of Iowa offers dedicated financial literacy support to its students. The Office of Student Financial Aid provides information, resources, and counselling for students and their families. This includes assistance with the financial aid process and information on work-study, loans, grants, and scholarships.
The University of Iowa has hundreds of scholarship opportunities available, including general scholarships open to all students and departmental scholarships for specific majors or fields of study. Scholarships are typically merit-based, recognising academic achievement and other accomplishments, and some may also consider financial need as demonstrated on the Free Application for Federal Student Aid (FAFSA). To be considered for scholarships that require financial need, students must have a FAFSA on file.
The University also helps students and their families understand the different sources of financial aid and how to qualify for them. All financial aid, with the exception of work-study, is disbursed through the University Billing Office. Students receiving financial aid will have their funds directly applied towards contract charges, including tuition/fees, room, and meal plan. Any remaining financial aid funds after contract charges have been paid will be refunded to students and sent by direct deposit to their bank accounts.
To avoid delays in receiving financial aid refunds, students are advised to authorise direct deposit via MyUI. Additionally, students can schedule appointments on MyUI to meet with a financial aid advisor and get their questions answered. The University also offers part-time job opportunities for students, which can be found on the Handshake website.
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Grants
The University of Iowa offers a range of grants to support students with financial need and other specific criteria.
Student Impact Grants
The Student Impact Grant is a University of Iowa initiative that provides funding for undergraduate and graduate student activities outside the classroom, such as research, travel, and service projects. The grants are awarded twice a year, with a total allocation of $7,000 per semester, thanks to philanthropic gifts from alumni and friends of the university. Applicants must be enrolled full-time and in good standing.
TEACH Grant
The TEACH Grant assists students who plan to become full-time highly qualified teachers for four years at a school serving low-income students. To be eligible, students must meet academic requirements and submit the FAFSA form to the College of Education.
Federal Pell Grant
The Federal Pell Grant is considered ""gift aid"" and does not need to be repaid. Eligibility is determined by the FAFSA, and it is awarded to undergraduate students pursuing their first bachelor's degree.
Tuition Assistance Grant
The Tuition Assistance Grant can be received at less than full-time enrollment, with the amount prorated based on enrollment status. It is renewable annually if the recipient completes the FAFSA and continues to demonstrate financial need.
Future Ready Iowa Grant
The Future Ready Iowa Grant is designed for students aged 25 and over pursuing high-need professions. Eligible students must be enrolled at least part-time in a bachelor's degree program and maintain continuous enrollment.
Other Grants
The University of Iowa also mentions the Iowa National Guard Education Assistance Program, All Iowa Opportunity Scholarship, Gear Up Scholarship, Iowa Education Training Voucher, and Iowa Workforce Grant as potential sources of funding. Additionally, students may be eligible for federal or state grants and loans by completing the FAFSA.
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Loans
The University of Iowa offers a range of loans to its students. These include Federal Direct Loans, institutional loans, and private educational loans.
Federal Direct Loans
The Department of Education offers two loan forgiveness programs to borrowers who either enter full-time public service or teach in certain high-need areas in high-need subjects. The Federal Student Aid Loan Simulator can be used to review monthly payments and repayment plans.
Institutional Loans
The University of Iowa offers institutional loans to students, which can be found online through ECSI. Interest does not accrue on these loans while the student is enrolled in a degree program half-time or more.
Private Educational Loans
The Office of Student Financial Aid provides a preferred lender list for private loans. Students are not required to choose a lender from this list and are advised to research their options carefully. The University of Iowa may accept certain services, materials, or items of nominal value from lenders. Private loans can be used to meet financial needs for past-due balances from a previous semester. International students may also be eligible for private loans without a U.S. co-signer.
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Frequently asked questions
The Office of Student Financial Aid is responsible for awarding financial aid. They provide information, financial literacy resources, and counselling for students and their families.
The University of Iowa offers a range of financial aid options, including Federal Student Aid (FAFSA), private loans, work-study, scholarships, and grants.
To apply for scholarships, visit the Iowa Scholarship Portal to explore the available opportunities. To be considered for scholarships that require financial need, you must complete a Free Application for Federal Student Aid (FAFSA).
All financial aid, except for work-study, is disbursed through the University Billing Office. Financial aid funds are first applied to contract charges, and any remaining funds are refunded to students via direct deposit.
Yes, part-time jobs are plentiful for students at the University of Iowa. You can check the Handshake website for job listings.
