Types of Fundng

This is a need-based grant. For the 2026-2027 academic year (July 1, 2026, to June 30, 2027), the maximum Pell Grant is $7,395. The actual amount you receive is determined by a standard formula set by Congress. To apply, you must complete the FAFSA.

This program provides up to $400 per academic year to students with exceptional financial need. Awards are limited by available funds. To apply, you must complete the FAFSA.

For eligible students, the federal government pays the interest on the loan while you are enrolled at least half-time (six credit hours) and during a six-month grace period after leaving college. The fixed interest rate for loans disbursed after July 1, 2026, is 6.52% for the life of the loan.

These loans are available to students regardless of financial need. You are responsible for all interest that accrues during any enrollment, grace, or deferment period. The fixed interest rate for loans disbursed after July 1, 2026, is 6.52% for the life of the loan.

• Borrowing Limits: Dependent students enrolled full-time can borrow a maximum of $5,500 (subsidized/unsubsidized combined) during their freshman year and $6,500 during their sophomore year (after earning 28 credits).
• Independent Students: If you are an independent student and not required to provide parent information on the FAFSA, you may be eligible to borrow an additional $4,000 under the unsubsidized loan program.

This loan is available directly to parents of dependent students to help pay college expenses. It can cover up to the student's cost of attendance minus any other financial aid. The interest rate is fixed at 9.07% for loans disbursed after July 1, 2026. Loan proceeds are distributed to Iowa Valley.

This need-based grant helps Iowa residents enrolled in specific career or technical education programs of at least 15 weeks. You must have a Student Aid Index (SAI) of $0-$6,000 and meet the July 15th FAFSA filing deadline. Awards range from $200 to $3,000 based on your SAI and enrollment.

Iowa residents in career or technical education programs at Iowa community colleges may be eligible. Grants range from $100 to $1,200 per academic year, based on your SAI and credits enrolled. You must show financial need, be in a Vocational Technical program of at least 15 weeks, have an SAI of $201-$6,800, and meet the July 15th deadline.

Administered by Iowa College Aid, federal funding up to $5,000 per year is available through the Education and Training Voucher (ETV) Program for qualifying applicants. This includes students aged 16-26 who age out of Iowa's foster care system or Subsidized Guardianship program, or those adopted from Iowa foster care after age 16. You must complete the FAFSA and an Iowa College Aid application.

This state-funded tuition assistance grant is for Iowa Air and Army National Guard members attending college. It pays up to 100% of tuition costs and does not have to be repaid. You must be an Iowa resident, in good standing with your unit, and attend an accredited Iowa school. You also need to submit a FAFSA; priority deadlines are July 1st for Fall and December 1st for Spring.

This state-funded tuition assistance grant is for Iowa Air and Army National Guard members attending college. It pays up to 100% of tuition costs and does not have to be repaid. You must be an Iowa resident, in good standing with your unit, and attend an accredited Iowa school. You also need to submit a FAFSA; priority deadlines are July 1st for Fall and December 1st for Spring.

This state-funded scholarship for Iowa students attending eligible Iowa colleges/universities has a current annual award of $5,198 for full-time students (prorated for part-time). Priority is given to students who age out of Iowa's foster care system, participated in certain federal TRIO programs, graduated from alternative high schools, or participated in a Federal GEAR UP Grant program in Iowa. The deadline is April 1st.