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Financial Aid and FAFSA Information

College Bowl Sunday - get Free FAFSA help.

Encourage your students to get free help filling out the Free Application for Federal Student Aid (FAFSA) next Monday, February 10.

Iowa College Goal Sunday will be held in these locations:

  • Cedar Rapids (Kirkwood Community College)
  • Council Bluffs (Iowa Western Community College)
  • Iowa City (KirkwoodCommunity College)
  • Perry (DMACC - Perry Vankirk Career Academy)

During Iowa College Goal Sunday, volunteers will help families with the FAFSA, the government-required form for many types of financial aid for college. For specific location information including dates and times visit www.IowaCGS.org.

College Goal Sunday Scholarship
This year each student who attends an Iowa CGS event AND completes the survey will be entered to win one of four $500 Scholarships. Scholarships can be used at any accredited college or university in the United States.

Reminder: The priority filing deadline for the following state-administered financial aid programs is March 1, 2013:

·All Iowa Opportunity Scholarship (AIOS): FAFSA and Iowa Financial Aid Application deadline is March 1

·All Iowa Opportunity Foster Care Grant (FCG): FAFSA and Iowa Financial Aid Application deadline is March 1 for renewals

·Education Training Voucher (ETV): FAFSA and Iowa Financial Aid Application deadline is March 1 for renewals

·Terry E. Branstad Iowa State Fair Scholarship: FAFSA and Iowa Financial Aid Application deadline is March 1

Upon completion of the FAFSA, all Iowa resident applicants will now have the option to link to the Iowa Financial Aid Application directly from their FAFSA confirmation page. This not only streamlines the federal and state financial aid application process for Iowa applicants but also solidifies access to the Iowa application for individuals who may not be informed of its availability.

On March 4, 2013, Commission staff will send an email notice to counselors that have All Iowa Opportunity Scholarship and Governor Terry E. Branstad Iowa State Fair Scholarship applicants to certify (verifying GPAs, ACT/SAT scores, etc). Links to the online certification systems will also be sent with that notice.

If you have any questions, please don't hesitate to let us know. You can reach our office at 877-272-4456 (option 3) or grants@iowacollegeaid.gov.

Federal Student AID (FSA) is a great source for understanding the financial aid process. For a plethora of information go to www.studentaid.gov.

Financial Aid websitesTo apply for your pin before filing the FAFSA online go to www.pin.ed.gov FAFSA website: www.fafsa.gov File your financial aid application as soon as you file your taxes or by the college/university deadline.

Acronyms you will need to understand when filing your FAFSA or receiving award letters:

EFC~ Expected Family Contribution. This number represents an index colleges use to determine how much financial aid you will need to attend the college/university of choice. It is always a larger number then you expect, this is not how much you will have to pay for your child to attend college.

COA~ Cost of Attendance. There are 5 categories colleges and universities add in to determine how much a student will need to live and go to school somewhat comfortably. They are tuition and fees and room and board which the school will bill you for. The other indirect costs you can receive financial aid for are books and supplies, transportation, and personal expenses. Please be knowlegable when accepting student loans to cover cost of living and understand that interest may or may not start accruing before graduation.

To better understand how much student loan debt your student will be able to afford after college graduation go to www.studentloan.org/gameplan. Borrow wisely.

SAR~Student Aid Report. You will receive a SAR after filing your FAFSA, this summarizes the information you submitted on the FAFSA.

Award Letters. You will receive an award letter from each college you have been admitted to and has received your FAFSA application. Please read the award letter carefully and understand you may appeal for a different award letter, sometimes colleges may find more money that is available or was not accepted by other students. Please follow the directions stated in your award letter carefully. If you are having trouble interpreting your award letter, please do not hesitate to give me a call, the financial aid office at the college, or an ICAN representative.

For more information or virtual presentations explaining the financial aid process, scholarship search, and questions about planning for college go to www.ICANsucceed.org.

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Phone: 319-647-2161
Fax: 319-647-2164
Address: 402 5th Street
Victor, IA 52347