IAIA - Institute of American Indian Arts

Financial Aid

At IAIA we believe one’s abilities should not be measured or judged by their ability to afford a quality education. As such, IAIA provides financial assistance and resources for students who would otherwise be unable to pursue a post-secondary education. IAIA chooses not to participate in the Federal Student Loan Programs, including PLUS, Perkins and Stafford.

IAIA’s Federal School Code:
014152

Through financial awards based on demonstrated financial eligibility, except when funds are specified for recognition of special talents and performance, every effort is made to meet the financial assistance needs of students. While IAIA recognizes that a student’s family bears the primary responsibility for financing a post-secondary education, we also recognize that supplemental aid may be necessary to achieve this goal.

To qualify for financial aid, a student must be enrolled in a degree-seeking program. All information, including student records and economic circumstance of both student and family, is confidential and will not be released without written consent of the student.

Financial Aid Eligibility

  • You MUST have completed a Free Application for Student Financial Aid (FAFSA) form (see Federal School Code above). Make sure to have your previous years tax information available. If you are a dependent student, your parents’ tax information is also necessary.  For questions on dependent status, please consult with the IAIA Financial Aid Office at 505.424.2345.
  • You must be a United States citizen, national, or permanent resident to apply for Financial Aid.
  • You must have a high school diploma, a GED, or pass an independently administered test (approved by the U.S. Department of Education) to meet ability to benefit requirements.
  • If required, you must register with the Selective Service or sign a statement indicating you’ve done so.
  • You must be in good academic standing and be making Satisfactory Academic Progress towards your degree.
  • You must enroll at least half time (6 hours for undergraduates) for Federal Aid Programs and full time (12 hours for undergraduates) for most scholarships.

Need must be clearly established for need-based aid (as determined by Official FAFSA results). No student will be denied financial assistance on the basis of age, color, disability, gender, national origin, race, religion, sexual orientation, or veteran status.

Financial Aid Timeline

January/February     You & your parents receive prior year’s W2 forms and end-of-the-year benefit statements and complete your federal tax returns (if necessary.) Using federal tax return and end-of-the-year benefit statement information, complete the Free Application for Federal Student Aid (FAFSA) or update your Renewal Application. You may submit your Financial Aid information via the Internet at FAFSA.ED.GOV.
March/Ongoing You receive your Student Aid Report (SAR) in the mail from the Department of Education’s processing center. March 1st is the priority deadline to file for aid and have funds ready for fall disbursement.
May/June/July IAIA accesses your data electronically and sends letters or emails requesting additional documentation, such as copies of federal tax returns, end-of-the-year benefit statements, etc. Satisfactory Academic Progress (SAP) is also reviewed.
August During the 2nd week of each semester, aid is disbursed.
December Academic progress is reviewed.
January Spring aid is disbursed 2nd week of the semester. Begin applying for the upcoming year’s financial aid.

 

American Indian College Fund and NEFE® help

A series of four handbooks, Developing Your Vision While Attending College, has been co-developed by the American Indian College Fund and the National Endowment for Financial Education® (NEFE®).

The four handbooks take students step-by-step through the process of deciding to go to college and, once enrolled, teach them about financial aid and money management. For Native American students, the series uniquely promotes success in college by featuring stories of personal struggle and show how educational and cultural success is intertwined.  The handbooks are available on the Fund’s web site at College Fund Handbooks and Guides and can also be downloaded in PDF format.

Getting Started

Application Process
Calculate Your Tuition Costs (Net Price Calculator)
Financial Aid Forms
File the Free Application for Federal Student Aid (FAFSA)
Disbursement of Funds
Student Rights and Responsibilities
Refund and Return of Title Funds Policy/Withdrawing of Leaving School Before the End of the Semester
Penalties Associated with Drug Offenses - Financial Aid (download file icon, 199.5 KiB)

Questions? Call the Financial Aid Office at 505.424.2345 or send an email to financialaid@iaia.edu.