Funds are allocated to and administered directly by the Student Financial Services office, which awards the funds to students using Federal guidelines.

Federal Supplemental Educational Opportunity Grant (FSEOG)

• Iona College awards this Federal Grant to students with exceptional need. First preference is given to Pell recipients.

Federal Perkins Loan

• Amounts vary according to need with a maximum loan of $4000 per year at Iona. The interest rate on the Perkins loan is 5% and no interest accrues while you are in school. Repayment of your loan begins nine months after graduation or if you drop below half time.

Federal Work-Study Program (FWS)

• FWS is a federally sponsored work program. This is money you receive in the form of a paycheck for work performed, and cannot, therefore, be used up front to pay tuition.
  
  Iona College is pleased to announce the arrival of a new Web service to help employers and students in the job posting and placement process.
  With this new tool, students will be able to:
  
  • Search for Work-Study jobs on line.
  • Receive automated email when preferred jobs become available.
  • Apply for jobs online.
  Contact Geraldine Owens in Student Financial Services for more information.