Types of Financial Aid
Often administered by the federal government and based on deep financial need, do not have to be repaid. Some examples of common grants are:
- Pell Grant
- Supplemental Educational Opportunity Grant (SEOG)
- Iowa Vocational-Technical Tuition Grant
- Iowa Grant
- Kibbie Grant
For more information click here.
Students can inquire about private scholarships with their high school guidance counselor, employer, church and local civic organizations. Students should never pay money to complete a scholarship application. Kirkwood’s scholarship program provides support for all students?—all academic and financial levels—in most programs. You only have to complete one application to be considered for the hundreds of scholarships offered through the Kirkwood Foundation. www.kirkwood.edu/scholarships
Federal loans are the Department of Education's largest self-help program. As loans have to be repaid, it is important to only borrow what you need. Here is a link to the types of student loans (Kirkwood does not participate in the Perkins Loan Program). Stafford Loan amounts are determined by the number of earned credits at the time of awarding. Students who have earned fewer than 30 credits are considered grade level 1, and are awarded a base loan of $3,500, which may be subsidized or unsubsidized depending on need. Students who have earned 30 or more credits are eligible for $4,500. In addition, Dependent students are awarded $2,000 in Unsubsidized Stafford loan, and Independent Students are awarded $6,000. These amounts are subject to previous borrowing limitations and the individual student’s eligibility and financial need. If additional credits are earned after the award has been made, and additional loan funds are requested, the One Stop Office will evaluate at the student’s request any additional eligibility.
In accordance with federal law, please note that first-time borrowers must be enrolled for 30 days from the start of the term, in addition to completing the Master Promissory Note and entrance counseling session, before they are eligible to receive the loan funds. Also, the funds will be divided into two disbursements; the first disbursement will be issued after 30 days from the start of the term and will be credited towards tuition first with the remaining funds going to the student. The remaining payment will be issued halfway through the loan period. (For example, if the loan period is for fall only, it will be issued halfway through that term. If the loan period is for fall and spring, the remaining payment will be issued at the beginning of the spring term.) Any tuition debt will be paid first with the remaining funds going to the student. If a student has completed all steps necessary to activate their loan, they can use any remaining balance at the bookstore.
You can work a part-time job and earn money for educational or personal expenses. The amount of work-study you’re eligible for depends on your remaining financial need that isn’t covered by other comparable types of aid. However, work-study is limited and assigned based on when student Free Applications for Federal Student Aid are received. So, get your FAFSA filed early! www.kirkwood.edu/workstudy
Kirkwood Payment Plan
Kirkwood Payment Plan helps students pay for tuition that is not covered by financial aid. You can pay per semester instead of taking out a loan. This is not a loan program. You have no debt, there are no interest or finance charges assessed, and there is no credit check. The cost to enroll is $25 per semester, and payments can be made via automatic account withdrawal or with a credit card. To enroll, log into EagleNet with your k number and password. Under "Financial Information," select "Pay on My Account."
Project Start provides broad-based support to students. Participants are students who encounter barriers that might prevent them from enrolling or completing their academic goals. To be eligible for Project Start, an individual must meet financial guidelines, demonstrate academic promise and display the potential for success. Participants are expected to be self-sufficient within one year. For more information, go here.
The Division of Vocational Rehabilitation is a branch of the State of Iowa Department of Education. DVRS is a federal-and state-sponsored program that provides many specialized services on an individual basis to students with disabilities. These services include financial assistance.