Types of Aid: Fayette Campus Undergraduate Students

Fayette Students: Scholarships

Merit scholarships are assigned to incoming students based on GPA and ACT scores. These scholarships are renewable for up to 5 years. Students must maintain academic eligibility standards set forth by UIU. Athletic scholarships are available for those who qualify through the Athletic Department.

Renewable Merit Scholarships for freshman

Trustee Scholarship per academic year for full-time enrollment $18,500
Presidential Scholarship per academic year for full-time enrollment $15,000
Dean's Scholarship per academic year for full-time enrollment $12,000
Achievement Scholarship per academic year for full-time enrollment $8,500
Opportunity Grant per academic year for full-time enrollment $5,000

Academic Scholarships for Transfer Students

In-state Transfer Scholarship for students with transfer credits over 48 hours $19,250
Alexander Scholarship for students with a minimum cumulative transfer GPA of 3.5 or above  $13,000
Mott Scholarship for students with a minimum cumulative transfer GPA of 3.0 or above     $11,000
Albright Scholarship for students with a minimum cumulative transfer GPA 2.0 - 2.99 $8,500
Achievement Scholarship scholarships for students with a minimum 3.5 cumulative transfer GPA and 30 completed credit hours (at the time of application). Students must be members of Phi Theta Kappa, verified by providing a copy of PTK membership to the UIU Admissions Office.     (10) $1,000

Other Scholarships

Legacy

  • $500 yearly
  • Alumni Scholarships are available to sons and/or daughters of previous graduates of Upper Iowa University. Students must be enrolled full-time students during the fall and/or spring semester to qualify for this grant. This grant will apply to all children, including adopted or legal stepchildren and will not exclude those children who are independent of the family due to marriage or age.

Honors and Awards

  • UIU private donor scholarships
  • Students may apply every year
  • Application is available in the fall for the following year
  • Fill out one application for all scholarships
  • Available to all students

Outside Scholarships

Fayette Students: Loans

Student Loan Programs

What aid am I eligible for by completing the FAFSA? You may be eligible for federal or state grants (free aid), as well as federal loans (you MUST pay back).

What is a Federal Student Loan? A form of Federal Aid that students qualify for to assist with educational expenses. If you decide to take out a Federal Student Loan you will be responsible for repaying the loan once you graduate or drop below half time enrollment.

How do I apply for Federal Student Loans? By completing the FAFSA you are eligible to receive Federal Student Loans.

What is Entrance Counseling? Federally required counseling for students who have been awarded and accepted Federal Student Loans.

Am I required to complete Entrance Counseling? If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming. If you are completing entrance counseling to borrow a loan as an undergraduate student, then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.

How do I complete the Entrance Counseling? This can be completed on studentloans.gov

What is a Master Promissory Note (MPN)? This is a federally required document, indicating a promise to repay all Federal Student Loans that I have borrowed.

What if I have already completed an MPN for another school? Upper Iowa requires that you complete a new MPN for our institution.

Where do I complete the MPN? This can be completed on studentloans.gov

What is Borrower Exit Counseling? Federally required counseling for students who have graduated, left the university, or have dropped below half-time enrollment. Exit counseling provides important information you may need as you enter repayment of your Federal Student Loan(s).

Where do I complete Borrower Exit Counseling? This can be completed on studentloans.gov

Responsible Borrowing
If you decide to take out a loan, make sure you understand who the lender is and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution. Loans made by the federal government, offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. Learn more about the differences between federal and private student loans.

Loans

What are Federal Subsidized Loans? A need-based Federal Loan on which the Department of Education pays the interest until the student graduates or drops below half time enrollment.

What are Federal Unsubsidized Loans? A non-need based Federal Loan where the student liable for paying accruing interest. The interest starts accruing at the time of disbursement.

The federal government has a variety of federal loan options available for students and parents, and we encourage you to review the following information carefully before making any decisions about your loans. If you have previously borrowed federal student loans at the Upper Iowa University or another postsecondary institution, you should begin by reviewing your borrowing history at www.nslds.ed.gov using your FSA ID. This will give you a better idea of how much you have borrowed to date and what your repayments might look like after graduation. Most importantly, remember that these are loans and they must be repaid, so borrow only what you need. Please refer to the following links to help you better understand your loan options. You do not have to make payments on Direct Stafford Loans while you are enrolled at least half-time (deferment). You also have a six-month grace period after you graduate or drop below half-time enrollment before you begin repayment.

Federal Direct Student Loans 

What is a Federal Direct Student Loan? A form of federal aid for eligible students to assist with educational expenses. Students who borrow federal loan funds are responsible for paying them back.

How do I apply for Federal Student Loans? The first step is filing your FAFSA, and then you must submit all required paperwork to the Financial Aid Office in order to determine your loan eligibility.

What is Borrower Entrance Counseling? Required federal counseling for students to learn about the requirements of the federal loan program. Counseling is completed at studentloans.gov

What is a Master Promissory Note (MPN) Arequired federal “promise to pay” document. The MPN is completed at studentloans.gov

What is Borrower Exit Counseling? Required federal counseling for students who have graduated, withdrawn from the university, or have dropped below a half-time enrollment status. Exit counseling provides important information about the repayment of your Federal Student Loan(s). Counseling is completed at studentloans.gov

What is a Federal Subsidized Loan? A financial need-based Federal Loan in which the Department of Education pays the interest until the student either graduates or drops below a half-time enrollment status.

What is a Federal Unsubsidized Loan? A non-need based Federal Loan in which the student is responsible for paying any accruing interest. Interest rates begin accruing at the time of disbursement.

What is a Federal PLUS Loan? A loan option for parents to assist their undergraduate dependent students with educational expenses.  Parents can be apply for PLUS loans at studentloans.gov

Responsible Borrowing
If you decide to borrow federal loan funds, make sure that you understand who your lender is and what the terms and conditions of the loan are. Student loans can come from the federal government or from private lending sources such as a bank or financial institution. Federal loans offer student borrowers lower interest rates and more flexibility with repayment options than what a private lending institution will. Learn more about the differences between federal and private student loans

To find out more about the Federal Student loan program, go to https://studentaid.ed.gov/sa/types/loans

Alternative Loans: Loan option offered through private banks and lenders. Generally only accepted if all other financial aid options have been exhausted.

  • Credit-based loan options offered by private banks and lenders. These loans are only processed after all federal, state, and institutional eligibility has been exhausted.
  • Exceptions will be reviewed on a case by case basis.
  • Information regarding these types of loan programs for both student and parent borrowers, as well as a comparison tool for the most frequently used credit-based lenders by UIU students, can be found at FastChoice. Upper Iowa University does not endorse any credit-based loan programs. Borrowers may choose to pursue a credit-based loan with any lender that they wish, this is only a starting point and only provides a reference point for researching these types of loan programs.
  • Students who wish to borrow in a credit-based loan program must also complete the Game Plan, an online credit counseling program before the loan can be certified by the Financial Aid Office.

Fayette Students: Grants

Grants are "gift aid" and do not have to be repaid. Eligibility for grants is determined by the Expected Family Contribution (EFC), as calculated on the FAFSA. Review the information below to learn more about the various federal, state, and institutional grants available to UIU students.

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. 

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 Pell Grants are awarded only to undergraduate students who have not earned a Bachelor's degree. The maximum lifetime eligibility is 600 percent. This would be approximately 12 semesters or 6 years.

Supplemental Educational Opportunity Grant (SEOG)

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 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 upon graduation, ceasing enrollment, or changing their major to a non-education field.  

Fayette Students: Federal Work-Study

Federal Work-Study Program (FWS) is a federal aid program that provides employment opportunities for eligible undergraduate students who would like to work to help pay for college. The student must indicate on the Free Application for Federal Student Aid (FAFSA) if they are interested in Federal Work Study, and must show financial need (as determined by the Financial Aid Office).

How do I know if I qualify for Federal Work-Study? The fund will be on your award.

How do I find a job? Visit the Peacock Career Portal!

What’s next? You will be given a Federal Work-Study packet from the Human Resources Department at UIU, with payroll documents and a contract that must be completed, prior to working.

Where can I work? Jobs are available on campus and in other various locations within the community.

What is the hourly rate? You will earn the standard hourly rate as determined by Upper Iowa University.

How many hours can I work? You can work up to 20 hours per week during the regular academic school year.

How much can I earn? You can earn the amount that is on your award.

Can I use my Federal Work Study funds to pay my account balance? Federal Work-Study funds are paid directly to the student for hours worked. If you would like to apply it towards your balance, you can discuss your options with the Student Accounts department.

If I’m an International student or non-citizen, can I apply for Federal Work-Study jobs? Not unless you are eligible and are one of the following: A U.S. Citizen, an eligible non-citizen, or a U.S. Permanent Resident with a permanent resident card as determined by the UIU Financial Aid Office.