Priority consideration for grants and work-study is given to students who apply for the upcoming academic year by March 1 and complete their financial aid files promptly thereafter. Most students with a current financial aid file receive a renewal application from the U.S. Department of Education by January. Those not receiving a renewal application can access a Free Application for Federal Student Aid (FAFSA) after January 1.
- Completion of a new FAFSA or renewal FAFSA is necessary to be considered for financial aid.
- Certain funds are limited and are distributed on a first-come, first-serve basis to those who are eligible.
- You must file and complete your financial aid files early to be considered for maximum awarding.
For more information see the Financial Aid Timeline.
Financial Aid Process
IAIA’s Federal School Code: 014152
The financial aid process takes 8 to 12 weeks depending on the time of year, type of aid desired, and your promptness to requests by the Financial Aid Office. The typical order of events is shown below:
1. Complete an application, either a new or renewal FAFSA, and either mail your application to the Department of Education’s processor, or submit your information online at the FAFSA website.
2. You receive your Student Aid Report (SAR) and the Financial Aid Office receives your data electronically.
3. The Financial Aid Office then requests any additional information needed to complete your file.
4. You submit the requested documentation to the Financial Aid Office.
5. Within 4 to 6 weeks of processing time your award notification will be available for you.
If you have unusual circumstances that affect your financial resources for college, make an appointment to visit the Financial Aid Staff after filing the application and receiving a Student Aid Report (SAR). Unusual circumstances may include a reduction in income or benefits, medical expenses not covered by insurance, a death in the family, divorce, etc.
Financial Aid Workshops
Various statewide workshops are held each semester; contact your high school counselor for the dates and locations. These workshops provide information on available financial aid and tips on completing the FAFSA or Renewal Applications.
The IAIA Financial Aid Office also holds workshops for current IAIA students on the IAIA campus during fall and spring semester (or as requested). Dates and locations vary. Details are available from the Financial Aid Office at 505.424.2345 or firstname.lastname@example.org. The staff of the Financial Aid Office is available to help you.