Types of Financial Aid

Some types of financial aid are based on merit, talents or special abilities, while other types are based on financial need. The first step to qualify for financial aid is to file a Free Application for Federal Student Aid (FAFSA).

Grants

Grants don't have to be repaid, and may be based on financial need. Most grants come from federal and state agencies and colleges. Learn more about:

• State grants and scholarships administered by the Iowa College Student Aid Commission.
• Federal grants from the U.S. Department of Education.

Scholarships

Scholarships are awarded through private donors, colleges and universities, and other organizations. They don't have to be repaid, and most are based on merit or financial need. Search for scholarships free through high school counseling offices, college financial aid offices or the Iowa College Access Network (ICAN).

Work-Study

Work-study is a part-time job that allows students to get some experience while earning money.

Student Loans

Student loans must be repaid with interest after a student graduates, leaves college or drops below half-time. Work with your financial aid office to explore and exhaust all other sources of federal, state and/or institutional financial aid, whether a grant or loan, prior to obtaining a private student loan.