This award is available to Iowa educators who are teaching in a shortage subject area, as designated by the Iowa Department of Education. The award is in the form of forgiveness of the recipient's outstanding student loan debt.
- Awarded by:
- Iowa College Student Aid Commission
Awards are for a loan repayment of up to 20 percent of the recipient's total eligible federal student loan balance, including principal and interest. Students must re-apply each year, and can receive forgiveness for no more than five consecutive years. The maximum award cannot exceed the average resident tuition rate established for students attending Iowa's Regent Universities for the first year following the recipient's graduation. For the current academic year, the maximum amount is approximately $6,658 annually.
- The number of awards offered varies annually. In the 2012-2013 academic year (the most recent year for which information is available), there were 100 awards given.
- Monday, March 31, 2014
Applications are available online from the Iowa College Student Aid Commission (ICSAC) website. To apply, the applicant must complete the online Iowa Financial Aid Application. An administrator must c... Sign up for full scholarship deadline information.