How to Apply
To apply for State, Federal, and/or Iona College need-based Institutional aid, you must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov using our FAFSA school code of 002737. Students admitted to Iona College for Summer 2017 and later will be automatically considered for merit scholarships during the admission process and are not required to file a FAFSA. It is important to note, however, that for full consideration for all aid for which a student may be eligible, a FAFSA should be filed. The FAFSA requirement does not apply to International Students.
Important FAFSA Filing Deadlines:
Freshmen: April 15
Transfers: within 30 days from the date of admittance to the College
Graduate students: within 30 days from the date of admittance to the College
When funds are limited, students who filed by the deadline will be considered for funding on a priority basis. Incoming Spring students must have completed the FAFSA by October 15 of the prior year.
Ongoing, your FAFSA must be filed by April 15 of every year in order to retain your scholarship. Failure to submit your official FAFSA by the required deadline will result in the loss of any need-based Iona grant.
Please note that if you are a returning student (admitted prior to Summer 2017) and have been awarded an Iona College scholarship or grant, you must complete the FAFSA every year by our deadline even if you are not applying for any other form of aid. The FAFSA requirement does not apply to International Students.
Free Application for Federal Student Aid (FAFSA)
The Renewal Free Application for Financial Aid (FAFSA) - (For students who filed the year prior).
You must complete your FAFSA online.
Undergraduate student FAFSA forms are completed with the parent (in the case of dependent undergraduate students) and the student federal tax information returns from the previous year. Unless the student is 24 years old he is considered dependent for the purposes of the FAFSA, in which case the student and spouse (if applicable) data is used.
Graduate students are considered independent of their parents and should complete the FAFSA using student and spouse (if applicable) income and asset information from the prior tax year
Example: The 2016-2017 FAFSA should be completed using 2015 federal tax information. Estimates may be used for the initial filing, and then updated once the tax returns have been completed.
There is a link between the Internal Revenue Service (IRS) and your FAFSA information. Many families will be able to utilize a new IRS Data Retrieval Tool to allow the IRS to send your tax return data directly to the FAFSA and we encourage you to use the IRS Data Retrieval Tool if you are able to do so.
File a FAFSA online at www.fafsa.ed.gov.
Iona College's Federal School Code is 002737
Approximately one-third of all financial aid applicants are selected by the U.S. Department of Education to verify the accuracy of information provided on the FAFSA. If you have been selected for verification, your offer of financial aid is tentative, pending the completion of the verification process. If you are a returning student, you will not receive a financial aid award email until the verification process is complete. A verification hold will be placed on any student who has been selected for verification until the documentation requirements have been met.
You will be required to complete the verification worksheet and provide a copy of yours and your parent's federal income tax transcripts. Upon receipt of the required materials, we will finalize the review of your application for financial aid. If documentation is not received by the established deadline, your offer of financial aid will be cancelled.
Should the verified financial information differ significantly from the original information provided on the FAFSA, your aid may be canceled or revised. Please be sure to respond to requests for follow-up documentation in a timely manner to avoid delays in applying your financial aid as a credit to your student account.
To determine if you are selected for verification and are required to submit this documentation, please review your Student Aid Report (SAR). In the upper right hand corner, you will see your EFC. If there is an asterisk (*) next to the EFC number, then you have been selected for verification by the Federal Government. For any student selected for verification, there is also a paragraph in the SAR that explains you have been selected for verification. The SAR will be sent to you after you have completed your FAFSA.
The required verification documentation must be submitted to the SFS Office within two weeks of notification by our office. Failure to submit the required documentation will result in cancellation of all Federal aid. Students will receive an email indicating their aid has changed and a bill will also be sent reflecting the new balance due to Iona College.
View detailed verification policies and information.
You will receive this form via the completion of the FASFA provided that you listed a New York State address and the FAFSA code of a school located in New York State. You should receive an ETA approximately 4 weeks from the date you filed the FAFSA.
See instructions on filing an ETA.
Aid for Part Time Students Application (APTS): If you are a part time student and believe you may be eligible for APTS, you can obtain an application from the Student Financial Services Office. You must submit it with a copy of your prior years New York State Resident Tax Return
Iona College participates in the William D. Ford Direct Loan program. Student and parent borrowers will receive funding for their federal student loans directly from the U.S. Department of Education rather than from private banks and other lending institutions.
All new Federal Direct loan borrowers will need to complete a Master Promissory Note (MPN).
New borrowers are also required to complete a Entrance Counseling Session on-line
If you are a returning student and have borrowed loans in the past, you should accept your award online through your Iona College Peoplesoft account - Instructions on how to accept your awards online.
Federal Direct Parent Loan (PLUS)
Your parent must apply online to complete the credit application and Master Promissory Note (MPN).
Federal Direct Graduate PLUS Loan
Graduate Students must apply online to complete the credit application and Master Promissory Note (MPN).