Iowa Administrative Code › Agency 283 - College Student Aid Commission › Chapter 12 - Iowa Tuition Grant Program › Rule 283-12.1 - Tuition Grant Based on Financial Need to Iowa Residents Enrolled at Eligible Private Institutions of Postsecondary Education in Iowa

Current through Register Vol. 47, No. 3, July 24, 2024
(1)
Financial need.
The need of an applicant for financial
			 assistance under this program shall be evaluated annually on the basis of a
			 confidential statement of family finances filed on a form designated by the
			 commission. For the purposes of determining financial need, the commission has
			 adopted the use of the Free Application for Federal Student Aid (FAFSA), a
			 federal form used to calculate a formula developed by the U.S. Department of
			 Education, the results of which are used to determine relative need. The FAFSA
			 must be received by the processing agent by the date specified in the
			 application instructions.
(2)
Tuition and mandatory fees.
Tuition and mandatory fees shall
			 be defined as those college costs paid annually by all students enrolled on a
			 full-time basis as reported annually to the commission by each participating
			 college or university. Each college or university also will provide annually
			 its rates for part-time tuition and fees to the commission.
(3)
Student eligibility.
A
			 recipient must be an Iowa resident enrolled for at least three semester hours,
			 or the trimester or quarter equivalent, in a program leading to a degree from
			 an eligible Iowa college or university. "Iowa resident" means an individual who
			 meets the residency requirements established in 283-Chapter 10.
Iowa tuition grants are provided during the traditional
				nine-month academic year generally defined as September through May. Students
				may receive no more than eight semesters of full-time Iowa tuition grants or 16
				part-time semesters.
A recipient may receive this grant for summer enrollment if the
				recipient is enrolled in a commission-approved accelerated program that
				integrates summer attendance. The purpose of restricting summer Iowa tuition
				grants is to ensure that students who take classes during the summer do not
				exhaust Iowa tuition grant eligibility prior to completing four-year degree
				programs.
(4)
Priority for grants.
Applicants are ranked in order of the estimated amount which the family
			 reasonably can be expected to contribute toward college expenses, and awards
			 are granted to those who demonstrate need in order of family contribution, from
			 lowest to highest, insofar as funds permit.
(5)
Award notification. A
grant recipient is notified of the award by the college or university to which
			 application is made. Each award notification must clearly indicate award
			 amounts, the state programs from which funding will be received, and that
			 funding is contingent upon the availability of state funds. Any award
			 notification provided by a college or university on probation with the
			 accrediting agency must be made contingent upon the college's or university's
			 maintaining affiliation with the accrediting agency. The college or university
			 is responsible for completing necessary verification and for coordinating other
			 aid to ensure compliance with student eligibility requirements and allowable
			 award amounts. The college or university reports changes in student eligibility
			 to the commission.
(6)
Award transfers and adjustments.
Recipients are responsible
			 for promptly notifying the appropriate college or university of any change in
			 enrollment or financial situation. The college or university will make
			 necessary changes and notify the commission.
(7)
Restrictions.
A student
			 who is in default on a Stafford Loan, SLS Loan, or a Perkins/National
			 Direct/National Defense Student Loan or who owes a repayment on any Title IV
			 grant assistance or state award shall be ineligible for assistance under the
			 Iowa tuition grant program. Eligibility for state aid may be reinstated upon
			 payment in full of the delinquent obligation or by commission ruling on the
			 basis of adequate extenuating evidence presented in an appeal under the
			 procedures set forth in 283-Chapters 4 and 5. Credits that a student receives
			 through "life experience credit" and "credit by examination" are not eligible
			 for tuition grant funding.