Students are responsible for finding employment . Limited amount of funds available. Available regardless of need. Students are responsible for interest which is accumulated from the date of disbursement. Available at variable interest rates to independent undergraduate, graduate and professional students as well as dependent students whose parents are unable to get the PLUS loan.
Students are responsible for interest while attending college.
Interest payment, unless deferred, begins within 60 days of disbursement. Repayment begins 60 days after disbursement. Must demonstrate financial need and be enrolled at least half time. Awarded by the state during the senior year of high school to eligible students attending an Iowa college and enrolled at least half time. In order to qualify, students must be making satisfactory academic progress.