Department Office Hours (May 24 - August 16):
Monday 8:00 am - 5:00 pm
Tuesday 8:00 am - 6:30 pm
Wednesday 8:00 am - 5:00 pm
Thursday 8:00 am - 5:00 pm
Friday 8:00 am - 1:00 pm
We are located in McSpedon
2nd floor, Room 201
Our phone number is 914.633.2497
Click each question to expand answer.
The Free Application for Federal Student Aid (FAFSA) is the financial aid form you and your child will need to complete to apply for institutional aid, federal and state grants, work-study, and student and parent loans. The information you report on the FAFSA is used to determine the Estimated Family Contribution (EFC). The EFC is used by the school to determine the student's financial aid eligibility. Read More »
Failure to file the FAFSA by the required deadline will result in the loss of the student's Iona scholarship and grant awards for the year in question.
The expected family contribution is a combined total of the parent and student contributions. A parent contribution is calculated for all dependent students. Both parents and students are expected to contribute toward student expenses if the student is considered a dependent. Both contributions are based on formulas developed by the federal government and are used at all colleges. The family contribution will be calculated when the Free Application for Federal Student Aid (FAFSA) is processed by the federal processor.
It's best to use your final tax return to complete the FAFSA but if that is not possible, the FAFSA does allow you to estimate your tax information. Once your taxes have been filed, using your federal PINs, parents and students can make changes online at www.fafsa.gov. When the changes have been processed, the student will receive a corrected Student Aid Report via the e-mail address he/she provided on the FAFSA. The colleges listed on the SAR will receive a corrected electronic version.
There is no income threshold for student aid eligibility. All of the questions on the FAFSA are used to determine the Expected Family Contribution which results in the financial aid award put together by the school. A family may have too much income to be awarded a Pell Grant, but this does not mean that they will not be eligible for other types of financial aid. At a minimum, application for Federal Student Aid, via the FAFSA, will result in eligibility in the Federal Direct Student Loan Program
Verification is the process by which the Student Financial Services Office verifies information reported on the FAFSA. Students can be selected for Verification by either the Federal Government or the College. It is Iona College's policy to verify all continuing students who are selected for verification before they are packaged for the upcoming award year. Freshman verification begins after they have enrolled for the upcoming academic year. All students, whether continuing or freshman, are verified before aid will be disbursed to their student accounts. Read More »
The Federal Direct Parent Loan (PLUS) is a loan that a parent can utilize to help pay for a student's educational expenses. This loan is for parents of dependent, undergraduate students who are enrolled at least half time (six credits or more). Parents must be credit-worthy and have no adverse credit history. To apply for a PLUS Loan, logon to www.studentloans.gov, click on "Request PLUS Loan," and input your information. Do not begin the application process until May 15 of each year. New parent borrowers must also complete a Master Promissory Note (MPN).
Your child is eligible to borrow additional Federal Direct Unsubsidized Loan funds if you are NOT approved for the PLUS Loan. .
If you want to accept some or all of the aid offered you must log in to your Peoplesoft account and follow the instructions for accepting your awards.
Download the instructions here.
Your rights and responsibilities and the terms and conditions of your financial aid awards are detailed here.
Students who are eligible for Federal Work-Study will be able to apply for a job in early September. Read More »
Iona College recognizes that changes occur in family situations that are beyond their control. We further understand that while the Free Application for Federal Student Aid (FAFSA) data is intended to determine the amount a family can reasonably be expected to pay toward a student's college costs, occasionally circumstances arise that make the FAFSA data an inaccurate picture of a family's ability to pay. The expected family contribution (EFC) determined as a result of filing a Free Application for Federal Student Aid (FAFSA) can be adjusted only in cases of very special circumstances. Read More »
To receive and retain any College funded financial aid, recipients must be matriculated, full-time day students, must maintain satisfactory academic progress, and complete the FAFSA by the required deadline. Learn about those requirements, probation and the scholarship appeal process here.
Yes. All need-based financial aid and some scholarships are renewable; however, you must reapply for financial aid each year! Renewal information and instructions are emailed to all currently enrolled students in January for aid for the following year.
The composition of your aid "package" may vary depending on the funds available in individual aid programs. However, you are likely to receive similar financial aid awards throughout your undergraduate education IF the following remain true:
Forms are listed on our website.
Every student has a financial aid counselor assigned by last name. To see who your counselor is, click here.
Print your own enrollment verifications online via PeopleSoft. Read More »
Iona College is pleased to announce that a new Citibank ATM has been installed on the ground floor of the LaPenta Student Union Building, outside of the vending area. If you are a Citibank account holder there is no charge for using this ATM. Non-Citibank account holders will be charged a $2.00 per transaction fee by Citibank and any applicable fee assessed by their banking institution.