Types of Aid
Financial aid awards come from federal, state, institutional and/or private sources for graduate and undergraduate students. Most students have a combination of aid sources.
Scholarships and Grants
These are considered gifts and do not have to be paid back. We offer merit awards, and many of our students receive state and federal grants, as well as private scholarships. Learn more about the following:
- Iona College Awards
- National Science Foundation S-STEM Program
- Federal Grants
- New York State Grants and Scholarships
- Tuition Exchange
- Private Scholarships
Loans
Loans from the federal government and other sources can help you pay for your Iona College education. Unlike scholarships and grants, loans must be repaid. Explore these loan options:
- Federal William D. Ford Direct Loans
- Federal Direct Parent PLUS Loans
- Federal Direct Graduate PLUS Loans
- Alternative (Private) Loans
- Loan Counseling and Deferment
Student Employment
Iona College offers part-time work opportunities, including jobs on campus and positions that are part of Federal Work-Study. Here's what you need to know:
- Federal Work-Study Program (FWS)
- On-Campus Employment
- Obtaining a Position and Getting Paid
Military & Veterans Benefits
If you are an active military member or a veteran, several benefits are available that may help you pay for your education:
- Yellow Ribbon Education Enhancement Program
- Post 9/11 Veterans Education Assistance Act of 2008
- Montgomery GI Bill® Active Duty
- Montgomery GI Bill® Selected Reserve (MGIB-SR)
- Veterans' Educational Assistance Program
- Survivors' and Dependents' Education Benefits
More on Military & Veterans Benefits
Federal Tax Benefits
The federal government offers tax credits and tax deductions that may help you more readily afford your education. Tax credits directly reduce the amount of tax you are liable for; tax deductions reduce the amount of income you pay taxes on.
Tax credits include:
- The American Opportunity Tax Credit
- The Hope Tax Credit
- The Lifetime Learning Tax Credit
Tax deductions include:
- Tuition and Fees Deduction
- Student Loan Interest Deduction
- Qualified Student Loans
- The 1098-T Statement