These are funds from the college applied to student accounts to reduce the balance due.

Examples of Institutional Based aid are:

Scholarships and Grants

• Iona College awards merit-based scholarships to outstanding undergraduate students on the basis of their high school or college (in the case of transfer students) test scores and academic ability. These scholarships are determined based on the available academic indicators by the admissions office at the time of acceptance to the college. They will remain the same for all four years provided the student maintains the agreed upon cumulative GPA and files a Free Application for Federal Student Aid (FAFSA) annually by April 15 in advance of each academic year. Undergraduate students may also be eligible for need-based grants from the College and should complete the FAFSA to be considered for grant assistance.
• Graduate students are considered for merit scholarships under the Edmund Rice Scholarship program based on their Graduate Record Examination (GRE) or Graduate Management Admission Test (GMAT).

Cumulative Grade point averages for retaining Iona College funding

Award	Criteria	Award	Criteria
Academic Excellence	3.0	Gael Scholarship	2.0
Alpha Beta Gamma	3.0	Heritage Scholarship	3.0
Archdiocesan Award	3.0	Iona Grant	2.0
Athletic Award	2.0	Iona Scholarship	2.8
Brother Daly Alumni Award	2.0	Iona Incentive Award	2.5
Brother Offer Scholarship	2.0	Phi Theta Kappa	3.0
Celtic Scholarship	2.5	Presidential or Deans Scholarship	3.5
Edmund Rice Scholarship - Graduate	3.5	Piper's Scholarship	2.0
Edmund Rice Grant	2.0	Sibling Award	2.0
Founders Grant	2.0	Transfer Scholarship	3.0

Athletic Awards

• Iona College grants athletic awards on a competitive basis to outstanding athletes. Refer to your athletic contract and coaches for specific requirements.