The major portion of all financial assistance awarded each year is based on the student’s financial need. All students and parents are strongly encouraged to file the Free Application for Federal Student Aid (FAFSA) every year.
The FAFSA is filed online at www.fafsa.gov. A student must first get an FSA user ID at https://studentaid.ed.gov/sa/fafsa/filling-out/fsaid which serves as your electronic signature. Dependent students must also get a FSA user ID for one parent. When filing the FAFSA, be sure to list Simpson College, federal school code 001887.
The FAFSA is the only application required to determine eligibility for all state and federal assistance programs.
The information provided on the form will be analyzed at the processing center and a report of the financial need of the student and his/her family will be sent to the College in 3-5 business days. Financial assistance awards are made as soon as the applicant has been accepted for admission and the results of the FAFSA or the Renewal Application have been forwarded to the College. Simpson College will analyze the financial need and academic background of each student in determining the student’s financial assistance award.
Iowa applicants must have their FAFSA to the processing center by July 1 in order to be eligible for State of Iowa funds.
Application for federal student aid programs is made by filing the Free Application for Federal Student Aid (FAFSA) or Renewal Application. The FAFSA is available at www.fafsa.gov. There is no charge to the student or the parent for processing of the FAFSA. Be sure to list Simpson College on the FAFSA with the school code of 001887.
Federal Pell Grants are awarded to help high need undergraduate students pay for their post secondary education. This grant provides a maximum of $5,815 in grant money for the academic year.
Federal Supplemental Education Opportunity Grants (SEOG) are given to undergraduate students with exceptional financial need, as determined by Simpson College. Grant awards depend on individual need and the amount of funds made available to the institution.
The State of Iowa administers a variety of programs designed to help Iowa resident college and university students attend the institutions of their choice. Some programs are based upon scholarship, and others are based upon individual need. For a listing of Iowa programs administered by the Iowa College Student Aid Commission, you may visit their web site at http://www.iowacollegeaid.gov/.
Iowa Tuition Grant Program
The Iowa Tuition Grant is based on financial need, with priority given to the neediest applicants. The maximum grant is $6,000 for each year of full-time undergraduate study (12 or more semester hours). The Iowa Tuition Grant is pro-rated to students who are attending less than full time.
To apply for an Iowa Tuition Grant, a student must be:
- A resident of Iowa as defined by the State Board of Regents.
- A United States citizen or residing in the United States on a permanent visa.
- Currently enrolled or planning to enroll in an undergraduate program at an Iowa private college.
The Free Application for Federal Student Aid (FAFSA), must be at the processing center by July 1 in order to qualify for the Iowa Tuition Grant. Simpson College should be listed on the Free Application for Federal Student Aid. The Simpson College federal school code is 001887. SIMPSON COLLEGE WILL NOT ASSUME RESPONSIBILITY FOR REPLACING FUNDS SHOULD THE STUDENT MISS THE DEADLINE .
Education and Training Voucher Program
Iowa’s Education and Training Voucher Program (ETV) provides grants of up to $5,000 per year to Iowa students who have been in Iowa foster care and who plan to attend or are currently attending eligible colleges or universities or approved training programs. The ETV program may assist with education-related expenses beyond tuition. Grants are renewable for education or training programs that extend beyond one year. Grants may be used for a range of career-training programs beyond traditional campus programs leading to academic degrees.
To apply, you may use the application specific to the ETV program. Applications are available from the “Scholarships & Grants” section of the Commission’s website: http://www.iowacollegeaid.gov or by calling 800-383-4222.
Iowa National Guard Educational Assistance Grants
This grant provides annual awards to Iowa National Guard members who attend eligible Iowa colleges and universities. Maximum individual awards cannot exceed the resident tuition rate at Iowa Regent Universities. For the 2015-2016 academic year, the average tuition rate for full-time students at Iowa Regent Universities is $6,658. The Iowa Adjutant General determines eligibility.
All Iowa Opportunity Scholarship
Students attending eligible Iowa colleges and universities may receive awards of up to $7,885 for the 2015-2016 academic year. Priority will be given to students who participated in the Federal TRIO Programs, graduated from alternative high schools, and to homeless youth.
Iowa Teacher Shortage Loan Forgiveness
The State of Iowa offers cancellation benefits to teachers. The maximum annual award is 20% of the teacher’s total federal Stafford loan balance, including principal and interest, not to exceed the average resident tuition rate (currently $6,858 for 2015 graduates) established for students attending universities governed by the Iowa Board of Regents for the first year following the recipient’s graduation.
The All Iowa Opportunity Foster Care Grant
The All Iowa Opportunity Foster Care Grant (Opportunity Grant) is a state-funded program that will provide youth aging out of the Iowa foster care system with grant assistance to pay postsecondary education and training expenses. This Grant is designed to increase college access to youth in foster care. Grant amounts range from $1,102 – $8,815 per year based on enrollment status. The Opportunity Grant is administered by the Iowa College Student Aid Commission.