Financial Aid

Student Financial Services
(914) 633-2497
sfs@iona.edu

the process
Funding options available for Iona graduate students are College-based merit scholarships or loans. You are urged to begin the financial aid application process at least six weeks prior to the start of the term for which aid is sought.

1. Apply for admission to the College.
2. To receive financial aid, all students must be accepted to Iona College and have completed the FAFSA form every year by our required April, 15 deadline. Failure to submit the FAFSA will result in the loss of any scholarship.
3. Submit copies of your most recent federal income tax return to Student Financial Services.
4. Respond to the financial aid package sent to you, and complete paperwork required for loan disbursement.

funding options
Please refer to the course catalog for complete eligibility requirements.
Click here for a complete list of scholarship funding options.

Federal Subsidized Stafford Loans: Eligibility is determined through the FAFSA. These loans are guaranteed by the federal government. The maximum loan is $8,500 per year. No interest accrues for students enrolled at least half-time. Eligibility requires enrollment for at least six credits per term.

Federal Unsubsidized Stafford Loans: The loans are made in conjunction with the Subsidized Stafford Loan program. Eligibility is determined through the FAFSA. The maximum loan is $10,000 per year. Principal and interest can be deferred while in school. Eligibility requires enrollment for at least six credits per term.

Federal Grad Plus Loan: The Grad Plus allows you to cover your entire education costs minus financial aid already awarded or supplement your Stafford Loan funding. It's an affordable alternative to using savings, income, or private loans for education costs. Students must complete a FAFSA to determine eligibility, must be a U.S. Citizen or resident non-citizen, and have a satisfactory credit history.

The Tuition Assistance Program (TAP): Funded by the State of New York, this grant has a maximum annual award of $550, and is available to full-time students who are New York residents with net taxable family income below $20,000 or net taxable single income that does not exceed $5,667.

Veterans' Benefits: Veterans or their eligible dependents under the terms of Title 38, U.S. Code are required to submit the certifying official claim form for G.I. Bill benefits. This form must be submitted every term.

Persian Gulf Veterans Awards: Tuition awards up to $1,000 per semester for full time students and $500 per semester for part-time students who served in the US Armed Forces in the Persian Gulf from August 2, 1990 to November 30, 1995.

Vietnam Veterans Awards: Tuition awards up to $1,000 per semester for full time students and $500 per semester for part-time students who served in the US Armed Forces in Indochina anytime from December 22, 1961 to May 7, 1975.

Visit the Student Financial Services page for more information.

* If selected for verification, submit signed copies of your most recent federal income tax return to Student Financial Services. You must also complete the Independent Verification Worksheet. 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.

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