Iowa College Student Aid Commission
Awards are for a loan repayment of up to $4,000 per year of eligible teaching service. Students must re-apply each year, and can receive forgiveness for no more than five consecutive years.
The number of awards offered varies annually.
The applicant must owe a balance on an eligible federal student loan (Stafford or Consolidation). If outstanding loan balance is less than the maximum forgiveness award, the amount awarded will not exceed the applicant's outstanding principal and interest. The applicant must also be in good standing with all federal student loan accounts.
Applications are available online from the Iowa College Student Aid Commission (ICSAC) website. To apply, the student must complete the online Iowa Financial Aid Application. An administrator must c ... sign up for full scholarship deadline information.