Financial Aid

FASFA-Free Application for Federal Student Aid

  • The FAFSA can be completed at www.fafsa.gov
  •  Iowa Central Community College Title IV school code is 004597
  • Available January 1st of each year
  • PIN-Personal Identification Number at www.pin.ed.gov
  • For best considerations of all types of aid, the FAFSA should be submitted by March 1
  • Pell Grants, Direct Loans, and PLUS Loans are available after March 1, but other aid may already be committed.

Verification

  • Submit requested documents.
  • Approximately 30% of FAFSAs are selected for verification.
  • Verification includes completing the appropriate year’s verification worksheet and submitting copies of the student’s and parent’s (if applicable) signed and dated Federal Tax Return Transcripts or W-2s.
  • If you are enrolled in courses you may view documents needed in WebAdvisor under “My Documents” (WedAdvisor can be accessed at www.iowacentral.edu, click on TritonPass) .
  • Financial Aid Awards are made on a first-come, first-serve basis as students’ files are completed. Award notifications are usually made available to students in the late spring and early summer.
  • Amount and type of aid eligibility varies with the number of credit hours enrolled in.

Types of Aid

Federal Pell Grant

  • Federally funded gift aid.
  • Students must demonstrate need.
  • Student must be an undergraduate.

Federal Supplemental Educational Opportunity Grant (SEOG)

  • Federally funded gift aid administered by Iowa Central.
  • Students must demonstrate need.
  • Students must be undergraduate.
  • Awards limited to funds available.

Federal Work Study (CWS)

  • Part-time work opportunities.
  • Federally funded, Iowa Central administered.
  • Students must demonstrate need.
  • Awards limited to funds available.
  • Students must earn their award by working approximately 10-20 hours per week. The award will not be applied directly to the student's account.

State of Iowa Vocational-Technical Grant

  • Iowa resident students.
  • Full time enrollment in Career or Career Option programs.
  • Students must demonstrate need.

Iowa Grant

  • Iowa resident students with very low expected family contribution.
  • Maximum award is $1,000.00

Federal Direct Loan (Subsidized Direct Loan and Unsubsidized Direct Loan)

  • 3.4% fixed interest rate for subsidized loans disbursed on or after July 1, 2011
  • 6.8% fixed interest rate for unsubsidized loans
  • Student must demonstrate need to qualify for subsidized loan
  • These awards are loans that must be repaid to the U.S. Department of Education
  • Maximum loans $5,500 per year at first year status, $6,500 per year at second year status
  • Independent students may qualify for an additional $4,000 per year unsubsidized loan
  • To be considered 2nd year status you must have earned 30 semester hours of credit in your academic program

Federal Direct Plus Loan

  • Loans available to parents of dependent students.
  • Financial need is not required.
  • Federal Direct Plus Loans disbursed after 7-1-2006 through the Direct Loan Program have fixed interest rates of 7.9%.
  • This award is a loan that must be repaid to the U.S. Department of Education

Additional Aid

Students are encouraged to seek information on financial aid in their own communities. Local service clubs and organizations, as well as national and state organizations may have financial aid for you. The Financial Aid Office is available to assist you in identifying these sources.

Non-resident students should check with their home state higher education agency for information about their home state's aid.

Code of Conduct

  • Iowa Code Section 261E.2 and Title 34 of the Code of Federal Regulations, Section 601.21, require the development, administration, and enforcement of a code of conduct governing educational loan activities. Our officers, employees, trustees and agents, including the alumni association, booster club, and other organizations associated with Iowa Central Community College, agree to the provisions of this Code of Conduct and will refrain from:
    • Refusing to certify or delaying the certification of an education loan based on a borrower’s choice of lender.
    • Assigning a first-time borrower to a particular private education loan lender through the student’s financial aid award or another means.
    • Packaging a private education loan in a student’s financial aid award, except when the student is ineligible for other financial aid, has exhausted his or her federal student aid eligibility, has not filed a Free Application for Federal Student Aid, or refuses to apply for a federal student loan. 
    • Accepting impermissible gifts, goods, or services from a lender, lender servicer, or guarantor.  The institution may accept default prevention, financial literacy, or student aid-related educational services or materials, or other items of a nominal value.
    • Accepting philanthropic contributions from a lender, lender servicer, or guarantor that are related to the educational loans provided by the entity that is making the contribution.
    • Serving on or otherwise participating as a member of an advisory council for a lender, lender affiliate, or lender servicer.
    • Accepting from a lender or its affiliate any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or other contract to provide education loan-related services to or on behalf of the lender.
    • Accepting fees or other benefits in exchange for endorsing a lender or the lender’s loan products.
    • Requesting or accepting an offer of funds for private education loans from a lender, in exchange for our promise to provide the lender with placement on a preferred lender list, or a certain number of volume of private education loans.
    • This institution is committed to providing the information and resources necessary to help every student achieve educational success.  To accomplish this goal the financial aid staff will consider each student’s individual needs.
    • A comprehensive Code of Conduct detailing permissible and impermissible activities has been provided to all of our officers, employees, and agents.  You may review the detailed Code of Conduct by clicking on Code of Conduct link listed below.
    • Code of Conduct for Educational Loans (.pdf)