Consideration for Priority Financial Aid
FAFSA Verification “Priority Aid” Document Deadline Policy
- See FAFSA Verification Deadlines for more information.
FAFSA Verification “Federal Aid” Document Deadline Policy
Financial Aid Refund
Cooperative Education Internships
- In accordance with federal regulations, students may receive financial aid for cooperative education internship if the institution determines the program is equal to full-time academic status and is required as part of the their academic program. Iowa State University does not require students to complete a cooperative education internship as part of their degree requirements, making students ineligible to receive financial aid during a cooperative education internship.
- Types of aid eligible to a student while participating in a cooperative education internship include Private Education Loans if they meet the lender’s requirements.
- Types of aid not eligible to students while participating in a cooperative education internship include: Federal Pell Grants, ISU Grants, FSEOG Grants, Admission’s Merit-Based Scholarships, Office of Student Financial Aid Scholarships, Federal Work-Study, Federal Direct Subsidized/Unsubsidized Loans, and Federal Plus Loans.
- Office of Student Financial Aid and Admission’s Merit-Based Scholarships will be deferred to another semester if a student is on a cooperative education internship. Students will not lose their eligibility for these types of awards.
- Iowa State University Departmental and External to ISU Scholarships have the choice to release awards to cooperative education students. Contact your college/department or outside scholarship donor to determine if your scholarship is eligible to be released while on a cooperative education internship.
- If a student is taking academic courses while completing a cooperative education internship, financial aid may be eligible for those courses. Contact the Office of Student Financial Aid (515-294-2333) to determine financial aid eligibility.
- Students will remain in an in-school deferment status for loan repayment and will not have to begin repayment on student loans while participating in a cooperative education internship.
- If a student is selected for the verification process, in conjunction with filing a FAFSA, any dollars reported under the question of “Earnings from work under a cooperative education program offered by a college”, will be removed.
Releasing Personal Identifiable Information to an Authorized Third Party
Section 483(a)(3)(E) of the Higher Education Act of 1965 (HEA), as amended, specifically restricts the use of FAFSA data, and states the data collected on the FAFSA shall only be used for the application, awarding, and administration of aid awarded under federal student aid programs, state aid, or aid awarded by eligible institutions or such entities as the Department may designate. Guidance from the U.S. Department of Education confirms that even if a student authorizes the release of this information, financial aid administrators are prohibited from doing so.
In the event Iowa State students need to provide their individual FAFSA data, Expected Family Contribution (or EFC), federal and/or institutional awards, or other financial aid-related information to an entity outside of Iowa State, students will need to provide this information to outside organizations or agencies themselves.
Students can access their Iowa State University Financial Aid Award in AccessPlus which will display their Expected Family Contribution (or EFC) as calculated by the FAFSA, Cost of Attendance (or COA), and current financial aid award information. On the “Financial Aid Award” page in AccessPlus, students should use the “Print PDF” option in order to print and provide to entities requesting financial aid information. Students also have access to their FAFSA Student Aid Report (or SAR) which can provide additional FAFSA information.
University Nondiscrimination Statement
Financial Aid Enrollment Status
- Internship, Independent Study, or Research
- Disability Accommodation
Financial Aid Enrollment Status Definitions for Undergraduate Students for the Fall and Spring Semesters
- Full-time enrollment – 11.5 credits per semester
- Three-quarter time enrollment – 8.5-11 credits per semester
- Half-time enrollment – 5.5-8 credits per semester
- Less than half-time enrollment – 0-5 credits per semester
Financial Aid Enrollment Status Definitions for Graduate Students for the Fall and Spring Semesters
- Full-time enrollment – 8.5 credits per semester
- Three-quarter time enrollment – 7-8 credits per semester
- Half-time enrollment – 4.5-6.5 credits per semester
- Less than half-time enrollment – 0-4 credits per semester
Summer Financial Aid
C-Base Graduate Student Enrollment Status
Your financial aid may be subject to review each semester to confirm your employment in an eligible graduate assistantship.
The amount of financial aid received will be based on the cost of attendance determined by the actual amount of tuition assessed. The Office of Student Financial Aid urges students to carefully examine the amount of student loans needed to complete their course of study.
Undeclared Graduate Students
- Federal Direct Loan Limit – $2,750 per semester, up to two semesters, must adhere to the $31,000 lifetime loan aggregate. These students do not receive the additional $2000 in Federal Direct Unsubsidized Loans that a junior/senior level student receives.
- Federal Direct Unsubsidized Loan Limit – $3,500 per semester, up to two semesters, only if considered an independent student for criteria excluding being a graduate student. If an independent student, they must adhere to the $57,500 lifetime loan aggregate.
- They are not eligible for the Direct Graduate PLUS Loan. They may seek funding through a private loan if they are in need of additional funds.
- They can receive Parent PLUS Loan funding if they are considered a dependent student.
- Their FAFSA should not be changed to independent due to being a graduate student.
Financial Aid Census Date Policy
If you drop credits prior to or on the 10th day of class (the census date), you may be required to repay some or all of your aid that was disbursed to you if you do not, at that time, meet the enrollment requirements for the types of aid you have been awarded.
If you drop credits after the 10th day of class (the census date) and receive a tuition and fee credit to your U-Bill, the Office of Student Financial Aid may use that credit balance to reduce your student loan indebtedness.
If you drop credit after the 10th day of class but the effective date of the drop is prior to the 10th day of class (the census date), the Office of Student Financial Aid will use the effective drop date to determine aid eligibility.
If you add credits after the 10th day of class (the census date), you may not be eligible to receive additional financial aid. The Office of Student Financial Aid is not able to adjust all types of aid after the census date but will work with special situations on an individual basis. Students should contact the Office of Student Financial Aid at email@example.com before adding courses after the census date that would affect enrollment level (for example: moving from half to three-quarter time, etc.).
Withdrawal From Classes
Satisfactory Academic Progress (SAP)
Repeating Courses — Impact to Financial Aid
Less than Full Time Enrollment and Financial Aid Policy
Adjustments to enrollment status made after the 10th day of class will not cause an adjustment in the cost of attendance.
CA & RM Positions
Concurrent Student Enrollment
- At the point that a student is classified at the graduate level, students will no longer be eligible for undergraduate aid (Federal Pell Grant, Iowa State University Grants, FSEOG Grant, Differential Tuition Awards, and Subsidized Direct Loans).
- To maintain eligibility for external and ISU college/departmental scholarships while a student is classified as concurrent, the scholarship must meet donor parameters set in place when originally awarded.
- Students will be eligible for graduate level aid as determined by the Office of Student Financial Aid.
- Students receiving admissions institutional scholarships may continue to receive them until they have completed their undergraduate degree.
- Students can still only receive scholarships originally awarded through Office of Admissions for a maximum of eight semesters.
- Concurrent students must still enroll in 12 or more credits in order to receive their admissions scholarship for a given semester and to remain eligible for future semesters.
- Non-resident students on assistantship who receive an in-state benefit will have the award adjusted to reflect the resident rate. This is consistent with current policy for non-resident undergraduates who become resident students.
Second Bachelor’s Degree or Teaching Endorsement after First Bachelor’s Degree
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Iowa State University (ISU) Grant
- Iowa Grant
- College Work Study (Federal or State)