In order to be eligible, a student must:
 1. Be a citizen of the United States and a resident of this state.

Terms Used In Iowa Code 261.84

  • Commission: means the college student aid commission. See Iowa Code 261.87
  • Financial need: means the difference between the student's financial resources available, including those available from the student's parents as determined by a completed parents' confidential statement, and the student's anticipated expenses while attending an eligible institution. See Iowa Code 261.87
  • Loan: means a deposit of property not accompanied by a transfer of title to the property. See Iowa Code 305B.2
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
  • Student: means a person who enrolls in or seeks to enroll in a course of instruction offered or conducted by a school. See Iowa Code 261B.2
  • United States: includes all the states. See Iowa Code 4.1
 2. Be enrolled and making satisfactory academic progress or accepted for enrollment at an eligible postsecondary institution on a half-time or greater basis.
 3. Demonstrate financial need. A student’s need shall be determined on the basis of a need analysis system approved for use by the commission or under the federal work-study program.
 4. Have not defaulted on an Iowa guaranteed loan payment or on a loan guaranteed by the federal government.