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Upper Iowa University Financial Aid Disclosure Statement

Information pertaining to all aid at Upper Iowa University

Frequently Asked Questions

File a FAFSA

The Free Application for Federal Student Aid (FAFSA) must be completed annually to determine eligibility for federal student aid.  Electronic Signatures can be applied using your Federal Student Aid ID (FSA ID) You may access FAFSA on the Web and get your FSA ID by accessing links at A parent of a dependent student must also apply for an FSA ID so that they can electronically sign the FAFSA. Upper Iowa University’s federal school code to list on the FAFSA is:  001893. 

Cost of Attendance

Cost of Attendance:

The cost of attendance budget is an estimate of a student’s educational expenses for a period of enrollment. It is also the costs taken into consideration when calculating a student’s financial need. This is an estimate only, as expenses will vary for each student based on location, credit load, lifestyle, housing and living expenses.

Cost of Attendance Elements:

  • Tuition and Fees: The amount the institution assesses for a student’s educational course load
  • Books, course materials, supplies and equipment: An allowance for books, course materials and equipment for a student’s course of study
  • Transportation: An allowance for student transportation costs between campus, residence and place of employment
  • Miscellaneous Expenses: An allowance for a student’s personal miscellaneous expenses
  • Living Expenses: An allowance for food and housing costs incurred by a student
  • Federal Loan Fees: An average allowance for the cost of any federal student loan fee or origination fee charged to the student or parent of the student borrowing federal funds

Special or Unusual Circumstances

The Upper Iowa University Financial Aid Office understands that families can experience hardships or changes which may not be reflected on the FAFSA. This may affect a student or their family’s ability to contribute towards their educational expenses. Federal regulations allow financial aid administrators to make adjustments for certain types of situations such as job loss, unexpected life events (death, divorce/separation) or other unusual circumstances that are not readily apparent on the FAFSA. For information on how to file an appeal, please contact our office at 800-553-4150.

Financial Need

Some sources of federal aid require financial need. The data included on the FAFSA enables the U.S. Department of Education to calculate an Estimated Family Contribution (EFC). This value is subtracted from the cost of attendance to determine student financial need. Eligibility for need-based aid (e.g., Pell Grant, FSEOG, Federal Direct Subsidized loans) is based on this value. 

Award Letter

Financial Aid award information is sent via email notification to a student’s UIU Peacock email address and a personal email if one is on file.  The award letter lists the sources of financial aid available to the student to help meet the cost of education for the current award year.  Awards are based on a number of factors including income and asset data from the FAFSA.  Awards are made assuming full-time enrollment and are adjusted as needed throughout the course of the academic year for less than full- time enrollment. 

Enrollment Status

Financial Aid is based on several factors, including the number of credit hours in which a student is enrolled each semester.  Enrollment status determines both the amount and type of aid for which a student is eligible.  Enrollment status per semester is calculated as follows:  Full Time: 12 or more credit hours per semester, Three-Quarter Time: 9-11 credit hours per semester, Half-Time: 6-8 credit hours per semester, Less than half-time: 5 or less credit hours.  Financial Aid may be pro-rated or eliminated for less than full-time attendance. 


Verification is a process which authorizes Upper Iowa University to certify that all the information reported on your application (FAFSA) is correct.  Each year the U. S. Department of Education selects a group of applications for this process.  Documents required to complete the process include, but are not limited to:  Verification Worksheet, federal tax transcripts, Statement of Non-Filing Tax Status 4506T, and or W2 forms.  The UIU Financial Aid Office may also request additional documentation from a family if clarification or documentation of a situation is required. Documents should be submitted as soon as they are requested, to avoid processing delays.     

Disbursement Dates

2022-2023 Disbursement Dates

Semester/SessionDisbursement Date
Fall Session 109/12/2022
Fall Session 211/07/2022
Spring Session 101/23/2023
Spring Session 203/27/2023
Summer Session 105/29/2023
Summer Session 207/24/2023

Satisfactory Academic Progress (SAP)

A student’s eligibility for financial aid is contingent upon the student making satisfactory academic progress as outlined in the Academic Catalog, on our policies page and on the Financial Aid website.  If a student fails to maintain satisfactory academic progress, financial aid eligibility will be suspended until it is attained.  Students placed on Financial Aid Warning may be eligible to receive financial aid for one session while on a warning status. Students who fail to maintain Satisfactory Academic Progress may file an appeal.  The SAP committee will review appeals and decide if there is an extenuating circumstance that caused the student to not meet SAP.  If approved, the student is placed on Financial Aid Probation for one session.  If the SAP standards are met during the session, the status will reset back to passing SAP, making the student eligible for financial aid again. If the student does not meet the standards, he or she will be placed on Financial Aid Suspension and will no longer be eligible to receive financial aid.  Students who are suspended may enroll in courses at their own expense to attempt to achieve Satisfactory Academic Progress to regain eligibility for aid.   

Credit Balance Refunds/Overpayments

Upper Iowa University delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information. Disbursements will be requested by the UIU Financial Aid Office during the third week of the semester for eligible students.  Once the disbursement has been credited to the student’s account in the UIU Business Office, that department will have up to 14 business days to refund any overage/overpayment to the student through their selected refund preference with BankMobile Disbursements.

To view our third-party servicer contract for refund management, click here.

Book Vouchers

Book vouchers are provided through MBS Direct to students who are Pell eligible or are eligible for a refund/overpayment through their financial aid.  Eligible students are sent a Book Charge ID (each session of enrollment) with instructions on how to use it.  In order to use the Book Charge ID code option students will need to use this vendor.  However, students are not required to use MBS and can purchase their books from any supplier.  Students can also opt out of using the book voucher all together should they choose to do so. 

Federal Aid Available

Federal Pell Grant 

The federal government determines eligibility and award amounts for this grant. Pell Grants are considered to be “gift aid” and do not have to be repaid.  The Pell grant is disbursed by the semester for Fayette campus students, by the session for center and online students and at the completion of the first set of classes for self-paced degree plan students.  

Federal Supplemental Educational Opportunity Grant (FSEOG) 

A federal grant made available to UIU students on a first come-first serve basis. Funds are awarded to eligible students until the yearly allocation is spent.  Students must have a 0 EFC, as determined by the FAFSA, and must be Pell grant eligible, in order to receive this award.   

Federal Work-Study 

This federal program is designed to let students work part-time and earn money for their educational expenses.  Eligible students must have financial need, as determined by the FAFSA form, and are awarded on a first-come first serve basis until the yearly allocation is spent.  Students are paid monthly based on the amount of hours worked.  Available jobs are posted on the Peacock Career Network and include opportunities both on and off campus.  There are also several Community Service employers who partner with UIU to offer positions. Students must apply and interview with the department they would like to work for. Federal Work-Study funds are not applied directly to a student’s bill as there is no guarantee the student will work the awarded hours.  Federal Work-Study students may work up to 20 hours per week during the regular academic year.  Federal Work-Study jobs are primarily located on the Fayette campus, however some positions are available on our center/satellite sites as well.   

Federal Teach Grant 

A federal grant available for eligible students pursuing an undergraduate degree in education, or graduate degree in the Masters of Education program. Eligible students must maintain a cumulative 3.25 GPA to receive and maintain eligibility.  Students may receive up to a lifetime maximum of $16,000 for undergraduate study and up to $8000 for graduate study. Part-time students are eligible, but the maximum grant will be pro-rated based on enrollment status.   If students do not fulfill the stated teaching requirements, the grant will be converted to an unsubsidized loan. Eligible students must agree to teach in designated shortage fields.  Students who receive the Federal Teach Grant will complete the Teach Grant Counseling, sign the Teach Grant Agreement to Serve and complete the UIU Teach Grant Application and Entrance Counseling.  Students who are recipients of this grant should complete the Federal Teach Grant Exit Counseling at: upon graduation, ceasing enrollment, or changing their major to a non-education field.    

Federal Direct Student Loan 

The federal direct student loan is offered to eligible students and must be repaid. Recipients of Federal Direct Loans must be enrolled at least half-time (6 credits towards degree in a semester). The Federal government is the lender in the program.  There are two types of loans students can receive:  

  • Federal Direct Subsidized Loan: A need-based loan that the government pays the interest on while a student is attending college.  
  • Federal Direct Unsubsidized Loan: A non-need based loan that accrues interest while the student is attending college.  

Federal direct student loan proceeds are disbursed the third week of the semester or session depending on which location a student attends.  The government retains an origination fee.  The amount disbursed to the student’s account is minus this fee.  Fees and interest rates are subject to change.  Loan amounts awarded are determined by dependency status, grade level and hours towards degree.  The annual limit is the maximum amount a student may receive in an award year.  Information regarding origination fees can be found at this website:  The maximum amount a student can borrow as an undergraduate is $57,500, and $138,500 for graduate studies.       

Children of Fallen Heroes Scholarship (CFH) 

Federal scholarship for Pell eligible students whose parent or guardian died in the line of duty while performing as a public safety officer* Eligible students must qualify for the Federal Pell Grant, be less than 24 years of age or enrolled at an institution of higher education at the time of a parent or guardian’s death. The award is the maximum annual amount of the Pell grant. Students must apply annually. *For information on eligibility for this scholarship, please contact the UIU Financial Aid Office.  

Master Promissory Note, Entrance and Exit Counseling 

If you are a first-time borrower of Direct Loans you will need to complete a Direct Loan Master Promissory Note (MPN) at using your FSA ID.  The MPN is a legal document in which you promise to repay your loans and any accrued interest and fees to the U.S. Department of Education.  The MPN explains the terms and conditions of your loan and is used for loans that you receive over a period of multiple academic years.  New borrowers of Direct Loans also need to complete Entrance Counseling at: using the FSA ID.  This process helps you to understand your rights and responsibilities as a Direct Loan borrower.  If you have borrowed Direct Loans at UIU in previous years, you have already completed both of these requirements.  However new students who may have borrowed Direct Loans while attending another institution will still need to complete MPN and Entrance Counseling before receiving loans at UIU.  Students who graduate, drop to a less than half time status, or stop attending will enter a 6 month grace period and at the end of that time frame will enter repayment.  Students who have borrowed federal loans must complete Borrower Exit Counseling at this website: Exit counseling will educate you on the repayment process and allow you to learn about the various options you have as a student borrower.  For more information on repayment plans visit this website: 

Annual loan limits and UIU disbursement dates are in the charts below:  

FRESHMAN: 0-29 CREDITS  $5500 (MAX $3500 SUBSIDIZED)  $9500 (MAX $3500 SUBSIDIZED 
SOPHOMORE: 30-59 CREDITS  $6500 (MAX $4500 SUBSIDIZED)  $10,500 (MAX $4500 SUBSIDIZED 


2020-2021 Disbursement Dates 

Semester/Session  Disbursement Date 
Fall Session 1  9/14/2020 
Fall Session 2  11/9/2020 
Spring Session 3  1/25/2021 
Spring Session 4  3/29/2021 
Summer Session 5  5/31/2021 
Summer Session 6  7/26/2021 


Disbursements will be requested by the UIU Financial Aid Office during the third week of the semester for eligible students.  Once the disbursement has been credited to the student’s account in the UIU Business Office, that department will have up to 14 days to refund any overage/overpayment to the student in the method  that the student has selected. Visit this link for more information

Federal Direct PLUS Loans 

The federal direct PLUS loan is a loan that parents of dependent students can apply for to help pay for their student’s education, as long as certain eligibility requirements are met:  

  • The student for whom the parent is borrowing the PLUS loan must have filed a FAFSA 
  • The parent borrower must be the student’s biological adoptive, or step-parent. 
  • The student must be a dependent student who is enrolled at least half-time. 
  • The parent borrower must not have adverse credit history.  If the parent does not pass the credit check, the parent may still be able to borrow the loan if someone agrees to endorse the loan.  The endorser promises to repay the loan if the parent borrower fails to do so.  
  • The student and parent must be U.S. citizens or eligible noncitizens, must not be in default on any federal education loan, or owe an overpayment on a federal educational grant, and must meet general eligibility.   

Federal direct PLUS loans are loans and must be repaid. 

State Scholarships, Grants and Other Assistance

Iowa Tuition Grant 

A state grant available to eligible Iowa residents pursuing a college degree at a private institution.  This grant is awarded to students from low and middle income families who show financial need and are degree seeking.  The Iowa Tuition grant award amount is based on the amount of credit hours per semester a student is enrolled in.  The annual amount is determined by the Iowa Legislature and can be increased or decreased depending on availability of funds.   

All Iowa Opportunity Foster Care Grant 

A state grant for eligible Iowa students who have aged out of Iowa’s foster care system or State Training School.   

Gear UP Iowa 

The Gaining Early Awareness and Readiness for Undergraduate Program (GEAR UP) Iowa is a grant for low-income and underrepresented students who are prepared to enter and succeed in college.  

Education and Training Voucher   

This is federally funded program to provide college students education and training opportunities who are currently or who have been in foster care.  Recipients must make satisfactory academic progress to receive awards.   

Future Ready Iowa Grant

The Future Ready Iowa Grant was designed for Iowa students who are pursuing high need professions and are 25 and over. Eligible students must be enrolled at least part time in a bachelor’s degree program at a qualifying school. Recipients must be continuously enrolled to remain eligible. First time applicants must submit both the FAFSA and the Iowa Financial Aid Application Renewal applicants need only submit the FAFSA. Applications are funded in date received order. Funding eligibility is determined by the Iowa College Student Aid Commission.

Eligible Upper Iowa University programs can be found on


Iowa National Guard Educational Assistance Program 

The Iowa National Guard Educational Assistance Program (NGEAP) provides funds for eligible members of the Iowa National Guard to help with the cost of attending Iowa colleges and universities.   

Private Education/Alternative Loans 

These loans are offered through private banks and lenders.  Students who have remaining financial need can apply for this type of private funding.  Terms and conditions vary depending on the lender selected.  UIU does not make any recommendations on lenders a student should select.    

Upper Iowa University Institutional Aid

UIU awards institutional aid to students who attend the main Fayette campus, in Fayette, Iowa.  

Merit Scholarships 

UIU awards merit scholarships to students that range from $8,500-$19,250 based on ACT scores, high school completion GPA and transfer credits.  These scholarships are renewable for up to five years for freshman and three years for transfer students and are not based on financial need.  Examples of merit scholarships include:  Trustee Scholarship, Presidential Scholarship, Dean’s Scholarship, Achievement Scholarship, Alexander Scholarship, Mott Scholarship, Albright Scholarship, Education Completion Scholarship, and the In-state Transfer Scholarship.  

Phi Theta Kappa Scholarship 

This scholarship is available to students with a minimum of 3.5 cumulative transfer GPA and 30 completed hours towards degree.  Students must be members of Phi Theta Kappa and must provide proof of membership.  

Legacy Scholarship 

This scholarship is available to dependents of previous graduates of Upper Iowa University.  Students must be enrolled full-time to qualify.  This grant will apply to children including adopted or legal step-children and will not exclude those children who are independent of the family due to marriage or age.  

Special UIU Grant 

This grant is made available to students who show strong academic promise, are capable of doing satisfactory college-level work, and have financial need, as determined by the FAFSA form.  The amount of remaining financial need will determine the amount of the award.  To be eligible, students must be admitted to UIU as a regular, full-time student and apply for financial assistance.  

Athletic Scholarships 

This scholarship is made available to students who show promise in athletics.  The amount of the scholarship is determined by the coach of the specific program.   

International Scholarships 

This scholarship is awarded to students who are from another country and not otherwise eligible for federal financial aid. The amount of the scholarship is determined by the Center for International Education (CIE).   

Pritzker Access Scholarship 

This scholarship is awarded to students who are undocumented citizens of the United States.  There is a third party organization that pays a portion of the scholarship on behalf of the student and Upper Iowa University also contributes towards it.   

UIU Dollars for Scholars Match 

Students who receive private Dollars for Scholars scholarships from their High School may qualify for the Upper Iowa University Dollars for Scholars Match.  UIU will match up to $250.  Proof of eligibility is required.  

Choir Scholarships 

This scholarship is available for students who are in the UIU Choir.  Recipients are selected by the Choir Director as is the amount of the scholarship.  

Honors and Awards Scholarships 

These scholarships are awarded to current and enrolled students based on certain donor criteria.  The Honors and Awards Committee selects the recipients for each scholarship annually. 


All information submitted in support of a financial aid application is considered to be confidential.  In compliance with the Family Educational Rights and Privacy Act (FERPA), a written release to discuss aid application information with anyone other than the student is required.  A FERPA form is available for completion on the myUIU Portal. 


Upper Iowa University awards financial aid based on the information provided on the various financial aid forms and documents collected.  If a student or parent knowingly and deliberately provides false information which misrepresents the family’s financial situation, the aid award may be withdrawn.  Upper Iowa University may also report the student to the U.S. Department of Education, Office of Inspector General.   

Annual Disclosure Notification

*The Annual Disclosure Notification is available in paper form upon request.

For additional information regarding the content of this page please contact the Financial Aid Office at 563-425-5299 or [email protected]