GRANTS AND SCHOLARSHIPS

1. Federal Pell Grants are funded by the federal government and are normally available for four years of undergraduate work, with awards ranging from $400 to $4,310 per year. Recipients must be U.S. citizens or eligible noncitizens and must be enrolled at least half-time (six credits per semester).
2. Federal Supplemental Education Opportunity Grants (FSEOGs) are available for students with exceptional financial need. Awards range from $200 to $4,000 per year if funding permits. The grants are funded by the federal government. Priority deadline for the FSEOG is March 1.
3. Iowa Tuition Grants are available for residents of Iowa who qualify based on financial need. Funded by the State of Iowa, the statutory maximum award is $4,000 for each year of full-time undergraduate study (12 or more credits per semester). Priority deadline for the Iowa Tuition Grant is July 1.
4. Iowa Grants are designed for exceptionally needy undergraduate Iowa students attending NCA-accredited colleges and universities in the state of Iowa. These grants, available for full- and part-time students, range from $100 to $1,000. Due to limited funding, only a selected number of needy applicants will be assisted.
5. Iowa National Guard Education Benefits are currently available to Guard members. For application forms and additional information, contact a Guard personnel officer.
6. Trustee Scholarship
   • $14,000 per academic year for full-time enrollment
7. Presidential Scholarship
   • $11,000 per academic year for full-time enrollment
8. Dean's Scholarship
   • $8,500  per academic year for full-time enrollment
9. Achievement Scholarship
   • $3,000 per academic year for full-time enrollment
10. Mott Transfer Scholarship
    • $6,000 per academic year for full-time enrollment
    • Available to transfer students with a transfer gpa of 3.0 and above
11. Albright Transfer Scholarship
    • $4000 per academic year for full-time enrollment
    • Available to transfer students with a transfer gpa of 2.0-2.99 and above
12. Henderson Transfer Scholarship
    • $2,500 per academic year for full-time enrollment
    • Available to transfer students with a transfer gpa of below 2.0
13. Alumni Scholarships are available to sons and/or daughters of previous graduates of Upper Iowa University. Sttudents must be enrolled full-time students during the fall and/or spring semester to qualify for this grant. This grant will apply to all children, including adopted or legal stepchildren and will not exclude those children who are independent of the family due to marriage or age.
14. Upper Iowa University Grants are made available to students who show strong academic promise, are capable of doing satisfactory college-level work, and have demonstrated financial need. The amount of remaining financial need will determine the amount of the award. To be eligible, students must gain admission to the University as regular, full-time students and apply for financial assistance.

Students must apply to renew scholarships each year and must maintain the academic standards specified. Although some scholarships and grants are not based upon financial need, the amount of an award would be reduced only to comply with state or federal requirements.

Loans

1. Federal Perkins Loans are funded by the federal government and Upper Iowa University, and are available to U.S. citizens and eligible noncitizens. The amounts awarded vary, depending on financial need, but cannot exceed $4,000 a year. No interest is charged, nor is payment required, while the borrower is enrolled at least half-time. Interest of five percent per year begins nine months after the borrower ceases to be enrolled at least half-time, and repayment must be completed within a 10-year period.
2. Federal Stafford Loans are made through participating local banks and other lenders. Recipients must be U.S. citizens or eligible non-citizens. Subsidized Federal Stafford Loans are for those who show financial need. The interest is paid by the federal government while the recipient is enrolled at least half-time. Unsubsidized Federal Stafford Loans are for those who do not show financial need. The interest is paid by the recipient while enrolled at least half-time. The annual combination of both subsidized and unsubsidized Federal Stafford Loans may not exceed $2,625 (dependent) or $6,625 (independent) for the freshman year, $3,500 (dependent) or $7,500 (independent) for the sophomore year, and $5,500 (dependent) or $10,500 (independent) for junior and senior years. The aggregate maximum for both loans may not exceed $23,000 (dependent) or $46,000 (independent) for undergraduate study. Repayment begins six months after the recipient graduates or withdraws from school. The interest rate is variable based on the 91-day T-Bill auctioned prior to June 1 with the following additions: 1.7 percent during in-school, grace and deferment periods and 2.3 percent during repayment. The rate cannot exceed 8.25 percent. Disbursement of loan proceeds is in two equal payments.
3. Federal PLUS Loan Program. Parents of dependent students may borrow funds to pay for the students’ educational costs. The maximum loan per year may not exceed the estimated cost of attendance less financial assistance. The repayment period begins within sixty (60) days after the loan is disbursed. The interest rate is the 52-week T-Bill rate plus 3.1 percent and is capped at 9 percent. Disbursement of loan proceeds will be in two equal payments.
4. McElroy-Upper Iowa Student Loans are intended to serve Upper Iowa students and are made possible by funds donated by the Ralph J. McElroy Trust, Waterloo, Iowa. The loan can range from $500-$2,500 per year, with a total aggregate not to exceed $7,500 to an individual. Interest of 4 percent per year begins six months after the borrower ceases to be enrolled at least half-time, and repayment must be completed within a five-year period. The loan applicant must be a U.S. citizen, currently enrolled as a full-time student and possessing a cumulative grade point average of at least 2.25, based upon a minimum of one semester of full-time student status at Upper Iowa University.

Note: Sample repayment schedules are available in the Financial Aid Office.

Work Opportunity

1. Federal Work Study is funded by the federal government and Upper Iowa University jointly. To be eligible, students must be U.S. citizens or eligible non-citizens and must receive the opportunity through financial aid awards. The maximum amount of earnings is determined by the students’ financial need. The average job requires 6-8 credits per week, with the federal minimum wage as the base pay. Every effort is made to match the students’ abilities, experience and class schedule with appropriate positions.

Sponsored Scholarships and Awards

Upper Iowa University offers numerous scholarships and awards that are available to continuing students based on criteria determined by the donor. The Honors and Awards Committee administers a separate application process each December, and each student enrolled in the fall semester has an application provided to them. Apply early for full consideration.