The purpose of the Financial Aid Program is to provide assistance to students who might find it difficult to attend college. The need for financial assistance is determined by subtracting the expected Family Contribution from the estimated cost of attending Iowa Central College Online. The dollar amount of the expected family contribution is determined by the Federal Government through the Financial Aid application process. The Financial Aid Office then subtracts the expected contribution from the college expenses for the year and the difference is the financial need. Available financial aid is then awarded to the student. The total financial aid award may not exceed the total estimated cost. Your financial aid is awarded to you contingent on you attending and successfully completing your coursework. Therefore, if you withdraw, you may be required to repay part of your financial aid to the College or the Department of Education. This policy applies to recipients who are receiving Title IV funds which consist of Pell Grant, Federal SEOG Grant, and Direct Loans. You may obtain information on this policy from the Financial Aid Office.
Assistant Director of Distance Learning, Financial Aid
Iowa Central Community College
1-800-362-2793 ext. 1095
Financial Aid Coordinator
Iowa Central Community College
1-800-362-2793 ext. 1092
Free Application for Federal Student Aid
Iowa Central Community College Title IV code is 004597
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (SEOG)
Federal Direct Loan (Subsidized Direct Loan and Unsubsidized Direct Loan)
Federal Direct PLUS Loan
Students are encouraged to seek information on financial aid in their own communities. Local service clubs and organizations, as well as national and state organizations may have financial aid for you. The Financial Aid Office is available to assist you in identifying these sources. Non-resident students should check with their home state higher education agency for information about their home state’s aid.
To be considered for financial assistance at Iowa Central students must
1. Apply and be accepted by the college.
2. Complete a Free Application for Federal Student Aid (school code is 004597). FAFSA https://fafsa.ed.gov/
3. Complete any additional documentation requested by Iowa Central.
4. Financial Aid Awards are made on a first-come, first-serve basis as students’ files are completed.
Applications are available after October 1 each year. It is necessary to reapply each year. For best consideration of all types of aid, the application must be submitted by March 1. Pell Grants, Direct Loans, and PLUS Loans are available after March 1, however other aid may already be committed.
All students seeking Financial Aid must:
1. Be enrolled or accepted for enrollment in a program at least six months in length,
2. Intend to complete the program and receive a degree related to the educational objective,
3. Be a United States citizen or eligible non-citizen,
4. Not be in default for any previous loans disbursed,
5. Not owe a refund on any previous Federal Student Aid, and
6. Maintain satisfactory academic progress.
Iowa Central Community College is required to establish academic progress standards for students who are federal and state financial aid applicants or recipients. This policy ensures that any student who receives or applies for financial aid is making progress toward a degree. The student’s total academic history is monitored regardless of whether he/she has previously received financial aid.
In order to maintain eligibility for financial aid, a student must meet the “Standards Requirements” listed below. Failure to meet these requirements may result in the loss of aid. Programs affected by “Standards Requirements” are:
1. Successfully complete 67% of attempted credit hours. This will be measured on a cumulative basis. Example: If the student attempts a total of 24 credit hours the first academic year, the student must satisfactorily complete 16 credit hours. (Example: 24 credit hours x .67 (67%) = 16 credit hours.)
2. Completion of the academic program in 150% of the published credits of the program. Example: Associate in Arts degree = 60 credit hours. Maximum attempted credit hours permitted to complete this program would be 90. (Example: 60 credit hours x 1.5 (150%) = 90 credit hours.)
3. Minimum Cumulative Grade Point Average. (cumulative GPA of 2.00 must be met)
1. Credit/no credit, course repeats, withdrawals, incompletes, and developmental courses will be included as part of the student’s cumulative credit hours attempted for maximum time frame purposes.
2. In computing the cumulative grade point average for graduation, only the most recent grade earned in a course, that has been repeated, will be used.
3. Transfer Students are considered to be making satisfactory academic progress for financial aid purposes upon initial enrollment. Upon enrollment, relevant transfer credits and GPA that become part of the student’s academic record at Iowa Central will be included in the student’s satisfactory academic progress calculation.
4. Courses taken for audit, hours via Institutional Proficiency Exams, Advanced Placement and hours via the College Level Examination Program will not be included as a part of the student’s cumulative credit hours enrolled for maximum time frame purposes.
1. Academic progress will be reviewed following each term to determine if the “Standard Requirements” have been met.
2. Financial Aid Warning- The first term the student fails to meet the “Standard Requirements” the student will be placed on Financial Aid warning. This warning period should be utilized by the student to meet the “Satisfactory Academic Progress Standard Requirements.”
3. Financial Aid Ineligible – Students failing to show satisfactory progress during their warning period will become Financial Aid Ineligible. A student may not receive any aid listed above while on ineligible.
1. Complete the number of credit hours necessary to achieve the 67% requirement and/or minimum cumulative grade point average needed for their grade level. This will be at the student’s own expense. When these hours have been completed, the Financial Aid Office must be notified so eligibility for aid can be reinstated.
2. If special circumstances exist (ex. Death of family member, personal or family illness, family crisis), the student may submit a letter of appeal to the Financial Aid Office stating the reasons the “Standards Requirements” were not met. Appropriate third-party professional documentation may be required. The Academic Standards Committee will review the appeal. If the appeal is approved, eligibility for financial aid will be reinstated.
For satisfactory academic progress, the following academic performance criteria apply to all veterans or other students eligible for VA benefits. The Veterans Administration requires that all students receiving VA education benefits maintain satisfactory academic progress. ICCC defines satisfactory academic progress as achieving a cumulative 2.00 grade point average. If a full-time or part-time veteran or eligible person does not make at least a “C” average (2.00) on all hours pursued, a probationary period of one semester will be granted. At the end of the probationary term a cumulative grade point of 2.00 must be reached. If a 2.00 is not attained, the VA benefits will be withdrawn and the student will be academically ineligible to receive VA education benefits. Reinstatement of eligibility is obtained by either reaching the 2.00 cumulative GPA or a student can submit a letter of appeal. If the appeal is approved, eligibility for the VA benefits will be reinstated on a semester probationary status.