All students and parents are strongly encouraged to file the Free Application for Federal Student Aid (FAFSA) every year. The FAFSA is required in order for families to qualify for federal grants or loans.
The FAFSA is filed online at studentaid.gov. A student must first get an FSA ID, which serves as your electronic signature. Dependent students must also get an 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 most 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 aid notices are made as soon as the applicant has been accepted for admission and the results of the FAFSA has been forwarded to the College.
Iowa applicants must have their FAFSA to the processing center by July 1 in order to be eligible for State of Iowa funds.
Federal Pell Grants are awarded to help high-need undergraduate students pay for their post-secondary education. This grant provides a maximum of $7,395 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. Simpson packages $833 in SEOG, to students enrolled full-time with $0 expected family contribution until all funds are depleted.
Federal TEACH Grant Program: The Teacher Education Aid for College and Higher Education (TEACH) Grant Program provides grants of up to $4,000 per year (prorated for part-time students) to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families in designated shortage teaching areas. The Grant becomes a Fedeal Direct Unsubsidized Loan with interest accruing back to the date of initial disbursements if the student fails to meet the forgiveness requirements. To be eligible, students must maintain a minimum 3.25 college cumulative grade point average or meet certain ACT benchmarks.
Children of Fallen Heroes Scholarship: Beginning in 2018-2019, a Pell-eligible student whose parent or guardian died in the line of duty while performing as a public safety officer is eligible to receive a maximum Pell Grant for the award year and may be eligible for increased amounts of other need-based federal student aid. To be eligible, at the time of parent or guardian's death, the student must have been less than 24 years old or enrolled in college.
Iraq and Afghanistan Service Grant OR Additional Federal Pell Grant Funds: Students whose parents or guardians died as the result of military service in Iraq or Afghanistan after the events of 9/11 may be eligible for additional aid. To be eligible, at the time of the parent of guardian's death, the student must have been less than 24 years old or enrolled at least part-time in college.
- Additional Fedeal Pell Grants: students who meet the requirements above and are eligible to receive a Pell Grant, will receive and Expected Family Contribution (EFC) of zero, which maximized the students Pell Grant and can increase eligibility for other federal student aid programs.
- Iraq and Afghanistan Service Grants: students who meet the requirements above and are not eligible for a Federal Pell Grant based on EFC will be eligible to receive the Iraq and Afghanistan service Grant. The maximum amount of the Iraq and Afghanistan Service Grant is the same as the maximum Pell Grant award. The students EFC will not be affected, and therefore neither will eligibility for any other need-based federal student aid.
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 website at 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 $7,500 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 FASFA 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 FAFSA.
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: www.iowacollegeaid.gov or by calling 877-272-4456.
Iowa National Guard Service Scholarship
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 2023-24 academic year, the average tuition rate for full-time students at Iowa Regent Universities is $8,798. The Iowa Adjutant General determines eligibility.
All Iowa Opportunity Scholarship
Students attending eligible Iowa colleges and universities may receive awards of up to $5,198 for the 2023-24 academic year. Priority will be given to students who participated in the Federal TRIO Programs, graduated from alternative high schools and to homeless youth.
Teach Iowa Scholar Program
The Teach Iowa Scholar Program provides qualified Iowa teachers with awards of up to $4,000 a year, for a maximum of five years, for teaching in Iowa schools in designated shortage areas. Qualified teachers are those currently teaching in designated shortage areas who meet all of the eligibility criteria. To see all information regarding the Teach Iowa Scholar Program, please visit www.iowacollegeaid.gov.
Karen Misjak GEAR UP Iowa Scholarship: The Karen Misjak GEAR UP Iowa Scholarship provides awards to student who are part of the GEAR UP Iowa state-wide cohort. Karen Misjak GEAR UP Iowa Scholarships are sent directly to the college/university that the student is attending and can be used to pay tuition/fees, housing/meals, books/supplies, and personal/living expenses while in college. The 2023-24 amount is $2,800 for full-time enrollment.
The Karen Misjak GEAR UP Iowa Scholarship can be renewed in subsequent years to fund undergraduate enrollment as long as:
- Funding allows
- The student is meeting their college/university Satisfactory Academic Progress policies
- The student completes a FAFSA annually