You should bring to that meeting an estimated budget based on anticipated costs for tuition, room and board, books, air fare, local transportation, insurance, and personal expenses. Some awards are based on academic merit, others on financial need. Some are University of Iowa awards, others are national awards. If you don't, you most definitely will not receive an award. If you apply but don't receive an award, don't be too discouraged.
Most awards are very competitive.
You'll have learned something in the process, and you'll know that you gave it the old college try. The Presidential Scholarships for Study Abroad are funded by the Office of Academic Affairs. Awards are made on the basis of merit. The Scholarships are awarded to outstanding UI undergraduates who, in close consultation with faculty members, propose small-scale, well conceived research or fieldwork projects that require travel or study abroad. Students must return to campus for at least one semester after completing their research or fieldwork.