$4,350

Avg. Federal Grant

$5,308

Avg. Federal Loan

$138,084,336

Total Aid Awarded

University of Iowa Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$138.084M

Financial Aid Official Website

financialaid.uiowa.edu/

It is interesting to note that, every year, around 85% of students at UI receive some kind of financial aid, while the total amount of assistance/loans provided is $66,723,572. For additional information about financial assistance schemes, one can head over to UI’s financial aid page at http://financialaid.uiowa.edu/. At UI, the total percentage of applicants who receive the Federal Grant stands at 20%. Meanwhile, 64% of the applicants receive the Student Grant and 57% are awarded the Institution Grant, while 20% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,617, while the same comes to $4,544 for State Grant receivers and $9,338 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,346. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At UI, an estimated number of 46% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

1%

Institution Grant Aid

75%

Pell Grant

20%

Average Aid Awarded

Federal Grant Aid

$4,350

State Grant Aid

$4,015

Institution Grant Aid

$7,565

Pell Grant

$4,224

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,008

$30,001 - $48,000

$10,260

$48,001 - $75,000

$7,219

$75,001 - $110,000

$4,875

Over $110,000

$3,984

Student Loans for University of Iowa

Average Loan Amount Average Loan Amount received per year.

$7,373/Year

Students Taking Out Loans

47%

Loan Default Rate

2.5%

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Cedar Rapids, Iowa 4 years Private Not-For-Profit

#N/A

Des Moines, Iowa 4 years Private Not-For-Profit

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