When a student is awarded financial aid, the University of Iowa Office of Student Financial Aid (UI OSFA) will email the student instructing them to view their award notification on MyUI. When in MyUI, click on Financial Aid & Billing (at the top) then Award Notification. Be sure the correct session is selected, i.e., Spring 2017, Fall 2017. Students can create a MyUI guest account for their parents/guardians.
The award notification lists the maximum eligibility for each of the funds offered based on the student's application information. Financial aid awards are subject to change based on federal and state regulations, institutional policy, program funding, financial need, student enrollment, and/or the student receiving assistance from other sources.
Award notifications for the 2017-2018 academic year are available in MyUI. If a student has not been notified of their award within three weeks of submitting their Free Application for Federal Student Aid (FAFSA), contact the Office of Student Financial Aid.
If you are receiving other financial aid not listed on your award notification, when viewing your award notification in MyUI, click on the Report Additional Aid button. Federal financial aid regulations require that all financial aid and educational resources (i.e., awards, prizes) must fit within your financial need and/or cost of attendance. If the UI OSFA becomes aware of additional financial aid or other educational resources, the financial aid that was awarded by UI OSFA may be reduced or cancelled.
View our cost of attendance web page for information on how the estimated cost is determined.
Grants and Scholarships
The award amounts listed on the award notification are the maximum amounts that can be awarded and are actual amounts unless the award is listed as unofficial or estimated. The award is based on a student's financial need and the specific eligibility requirements for the different financial aid programs.
- It is important that you review the eligibility requirements for scholarships and/or grants you have been awarded.
- For students receiving University of Iowa scholarships and grants with grade point average and continuous full-time enrollment requirements, the Office of Student Financial Aid will review that information at the end of every semester after grades are posted.
- In the event there are reductions in state funding for the University of Iowa, support for institutional scholarships and grants may be impacted. If that happens, academic awards may be reduced within the academic year.
Your net cost is the estimated cost of attendance minus any grants and scholarships awarded. This does not indicate the amount you will be billed by the University Billing Office. For an explanation of what items will appear on a student's U-bill, refer to the costs Billed by the University Billing Office section on the Understanding Your Cost of Attendance web page.
If the student has been awarded Work-Study, the amount they can earn on the Work-Study program is listed in this area of the award notification. If the student was not awarded Work-Study, they can work at a university part-time hourly position.
The loan amount listed on the award notification is the maximum amount a student is eligible to borrow. It is based on the student's financial need and the specific eligibility requirements for the loan program. Our types of loans web page provides information on eligibility requirements, fees, interest rates, and repayment for the various loans.
We encourage students to carefully review their expenses and resources and to borrow only what they need. Decline or reduce a loan on the Student Loan Confirmation page in MyUI. The cost of attendance includes personal and transportation expenses. Actual expenses may be lower than the estimated amounts provided on the award notification and; therefore, students may not need to borrow the full amount awarded. For an explanation of the components that are included in the estimated cost of attendance, but will not appear on a student's U-bill, refer to the Not Billed by the University Billing Office section of the Understanding Your Cost of Attendance web page.
Check Loan Document Status on MyUI to see if additional steps need to be taken to receive the loan funds.
- If a student wants to accept a loan, they must do so on the Student Loan Confirmation page in MyUI.
- First-time borrowers may also need to complete a Master Promissory Note (MPN) and Entrance Loan Counseling.
- If a parent plans to borrow the Federal Direct PLUS Loan that they were offered, they must confirm that they want to borrow the loan by completing the Direct PLUS Loan Request online at studentloans.gov each semester/session. The PLUS Loan amount on the award notification is the maximum PLUS amount that a parent can borrow. Parents who are first-time borrowers of the Federal Direct PLUS Loan must also complete an electronic Master Promissory Note (MPN) to receive the funds.
Transfer students: When the UI Office of Student Financial Aid (UI OSFA) awards your federal direct loans, the loan amounts will be based on prior borrowing and on the transfer hours that were recorded by the UI Office of Admissions at the time the award is made. If additional loan funds are received from the current school after the UI OSFA has awarded you loans, the loans awarded by the UI OSFA will be adjusted accordingly. If additional transfer hours will be added and it will will increase the earned hours from freshman to sophomore or sophomore to junior level, contact the Office of Student Financial Aid for a possible loan increase after the Office of Admissions has reviewed the final academic transcript.
View our family contribution web page for information on how the family contribution is determined.
Student employment can assist in meeting educational expenses.