This grant, based on need, is a federally-funded award. Eligibility is determined by the FAFSA. The Financial Assistance
Office should be contacted for more information.
Federal PLUS Loan (Parent Loan for Undergraduate Students)
This is a non-need based, federally insured loan for parents of dependent students. A parent may borrow up to the cost
of education less any other financial assistance the student is receiving. Credit history will be checked. Repayment
begins 60 days after the loan has been fully disbursed. Interest is variable and capped at 9%. Interest is charged from
the date the first disbursement is made until the loan is paid in full.
Federal Stafford Loan
The Federal Stafford Loan is a federally insured loan program. Students who demonstrate need after other forms of assistance
(grants and scholarships) have been awarded may apply for a subsidized loan. The Federal Government will pay the interest on
this loan while the student is attending at least half time and during a 6- month grace period after termination of education.
Students without need may apply for an unsubsidized loan. The student is responsible for the interest on this loan while
attending school and during the grace period. Payment on the principal can be deferred for either the subsidized or the
unsubsidized loan. Loan applications are available from any bank that participates in the student loan program or from the
Financial Assistance Office.
Iowa Tuition Grant
This grant, based on need, is available to Iowa residents. To be considered for this grant, student must mail the completed
FAFSA in time to reach the Processor by the state-appointed deadline printed on the cover of the FAFSA.
State of Iowa Scholarship
This scholarship awarded to Iowa residents is based on ACT/SAT scores and class rank. Applications are available from high
school guidance counselors and should be obtained before October of the student’s senior year.
