The Office of Student Financial Aid does our best with the funds available to create a financial aid package to help you cover as much of your school expenses as possible. To do this, we utilize a number of financial aid programs – scholarships, grants, work-study, and loans.
Just like your bank account, many of these programs have limited funding meaning that once we’ve run out of money we can’t make additional awards.
To insure consideration from all possible sources, it is imperative that you complete the Free Application for Federal Student Aid (FAFSA) form by December 1 each year. We engaged in a variety of efforts to inform you of this deadline – sending numerous e-mails to you (and your parents if you are a dependent student), presentations to new students at Experience Iowa State and Campus Visit Days, table placards in the dining halls, signs on the Cy-Ride buses, sandwich boards all over campus, an article in the ISU Daily, and even sidewalk chalk – just to name a few!
If you missed the December 1 FAFSA date, you will still be considered for the Federal Pell Grant (if you qualify) and for student/parent loans. You can also seek a job that is not funded through the Federal Work-Study program. But funding from the Federal Supplemental Educational Opportunity Grant, Federal Work-Study, ISU Grant, Supplemental ISU Grant, and scholarships that require financial need will not be available to students who applied late.
In future years, you can be considered if the FAFSA for that year is submitted by December 1.