Federal & State Financial Aid | St. Ambrose University
Source: http://www.sau.edu/tuition-financial-aid/financial-aid
Archived: 2026-04-23 17:09
Federal & State Financial Aid | St. Ambrose University
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Types of Federal Financial Aid for College Student
Financial aid resources to help you make smart choices
Financial aid is government grants, work-study programs, and loans. To learn if you're eligible, fill out a Free Application for Federal Student Aid (FAFSA), using St. Ambrose school code 001889.
Understanding types of financial aid
The U.S. Government offers grant and loan programs, tailored to support tuition and fees at St. Ambrose. Funding covers essentials like textbooks and living expenses. Grants, usually repayment-free, may have exceptions. Loans require repayment. Delve into detailed information on financial aid below, and our dedicated advisors are ready to address your questions.
Check financial aid eligibility
Estimate the cost of my degree
Federal Pell Grants
The
Federal Pell Grant
is need-based financial aid provided by the U.S. Department of Education, designed to assist eligible undergraduate students in pursuing their higher education by providing repayment-free funds. The grant amount is determined by factors such as the student’s Federal Tax Information or FTI, enrollment status, and the cost of attendance.
Federal Pell Grants eligibility
To be eligible for the Federal Pell Grant at SAU, students must meet certain criteria, including:
Pell Grants are awarded based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). Students must complete the FAFSA to be considered for the Pell Grant.
Pell Grant eligibility is calculated based on enrollment intensity. The grant amount varies and is based upon the number of credits enrolled from 1 credit to 12 credits.
Pell Grants are typically for students pursuing their first bachelor's degree.
Students must be U.S. citizens or eligible non-citizens.
Federal direct loans
Subsidized loans
: Need-based loans. The government covers the interest while the student is in school at least half-time, during the grace period, and deferment periods. Eligibility is determined based on financial need.
Unsubsidized loans
: These are not need-based. Interest accrues from the time of disbursement. Students are responsible for paying the interest. It can be deferred while in school, but will be capitalized if not paid during deferment.
Federal Parent PLUS Loans
: A program to help parents cover the educational costs of their dependent undergraduate children. Parents can borrow up to $20,000 per student starting in the 2026-2027 academic year. These are credit-based loans. Eligibility is determined by the borrower's credit history. FAFSA is required for a parent to borrow the PLUS loan.
Federal Grad PLUS Loans
*: A program designed to assist graduate and professional students in covering educational costs. These are credit-based. Eligibility is determined by the borrower's credit history. Graduate students can borrow up to the cost of attendance minus any other financial aid received.
*Based on changes to federal aid from the One Big Beautiful Bill Act (OBBBA), Graduate PLUS loans will be eliminated after June 30th, 2026. New students enrolling in the fall of 2026 will not have access to this federal loan program. Please see your financial aid office for more information and borrowing options. If you are a continuing graduate student and have a Graduate PLUS loan disbursed before July 1st, you may continue to borrow under the old rules for up to three academic years or until you finish your current program.
Loan interest rates and repayment
Federal Direct Loan interest rates
The government sets Federal Direct Loan interest rates. Rates may vary depending on the type of loan and the academic year. It's essential to check the current rates when considering these loans.
Loan deferment and forbearance
In certain situations, such as financial hardship or returning to school, students may qualify for deferment or forbearance, temporarily postponing or reducing loan payments.
Federal Work-Study (FWS) Program
The
Federal Work-Study (FWS) Program
provides part-time employment opportunities for eligible students to earn money for education expenses. Work-study jobs are varied, both on- and off-campus. Positions may involve the student's course of study or community service. FWS knows the importance of balancing work and academics, offering flexible schedules. To be considered for the Federal Work-Study Program, students must complete the
Free Application for Federal Student Aid (FAFSA)
, which determines financial need as eligibility for work-study.
Work-Study Program Benefits for Students
Work-study provides a valuable source of income for students, helping cover educational expenses such as tuition, books, and living costs.
Many work-study positions align with students' academic interests or majors, providing practical experience and enhancing their resumes.
Beyond academics, work-study jobs offer opportunities for skill development, including time management, communication, and teamwork.
Students working on campus may establish connections with faculty and staff, creating a network that can be beneficial for future career opportunities.
Opportunities: Some work-study positions involve community service, allowing students to give back to the community while earning their financial aid.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The
FSEOG is a federal grant
that provides additional financial assistance to undergraduate students with exceptional financial need. It's a campus-based grant with limited funds, but the funds don't have to be repaid. Priority is given to students with the most significant financial need. The amount awarded through FSEOG varies based on financial need, other aid received, and the availability of funds at the institution.
FSEOG Eligibility Criteria
To be eligible for the FSEOG at SAU, students must meet certain criteria, including:
FSEOG is offered to Pell Grant eligible students, determined by the information provided in the Free Application for Federal Student Aid (FAFSA).
Students with an SAI of -1500 to 0 receive priority consideration for FSEOG funds.
FSEOG eligibility is often contingent on being enrolled at least half-time, though specific requirements vary.
Generally, only undergraduate students pursuing their first bachelor's degree are eligible for FSEOG.
The Iowa Tuition Grant
The
Iowa Tuition Grant
, awarded by the state, supports Iowa residents attending private institutions like SAU with a grant of $7,500 annually.
Iowa Tuition Grant Eligibility Criteria
To be eligible for the Iowa Tuition Grant, students must meet certain criteria, including:
Iowa resident
Undergraduate enrollment in an associate or bachelor degree
Enrolled at an eligible Iowa private college or university
FAFSA submitted by July 1 of award year
Have an eligible Student Aid Index (SAI) on the FAFSA:
2025-26 eligible SAI range at Iowa not-for-profit private institutions: -1500-16,000
2026-27 eligible SAI range at Iowa NFP private institutions TBD, FAFSA filing deadline of July 1st, 2026
Upcoming changes to Federal Student Loans
Significant changes to federal student loans were recently enacted through the One Big Beautiful Bill Act. These changes will affect how undergraduate and graduate students finance their education beginning on July 1, 2026. Review the new rules to find out how they may apply to you.
Explore changes
Important information about financial aid
The financial aid code of conduct
At SAU, we uphold the highest standards of professionalism and ethics in matters concerning student financial aid. Our commitment extends to all officers, employees, and agents involved in this crucial responsibility.
Learn more about code of conduct
SAU financial aid policies
SAU actively engages in multiple financial aid programs for students in pursuit of higher education. Our policies align with state and federal regulations governing each program, ensuring transparency and compliance.
Learn more about our policies
Managing student debt
Student loans are a valuable resource for achieving educational goals. Understand the importance of borrowing wisely, ensuring that the funds received are managed effectively and repaid responsibly.
Learn more about managing student debt
Student exit counseling
At SAU, we uphold the highest standards of professionalism and ethics in matters concerning student financial aid. Our commitment extends to all officers, employees, and agents involved in this crucial responsibility.
Learn more about exit counseling
Need help with your financial aid?
We believe in making higher education accessible. We're available to help answer any question you have about financial aid and achieving your degree. Talk with an FA Counselor who can help create a plan.
Schedule consultation
Apply now
Steps to apply for Federal Financial Aid
Navigate the financial aid process effectively to maximize its benefits. Explore the detailed steps and estimated completion times.
Get a Federal Student Aid ID
Create an FSA ID to access the Federal Student Aid online system.
10 mins |
Get started
Fill out the FAFSA form
The application for federal grants, work-study programs, and loans for college students. SAU code is 001889.
20 mins |
Get started
Complete the FSA loan counsel
Learn your responsibilities for any federal student loans you receive.
20-30 mins |
Get started
Sign master promissory note
A pledge to repay your federal student loans with interest and fees.
30 mins |
Get started
Become who you are meant to be
Invest in your future. Contact SAU's Student Financial Aid to learn what assistance options are available so you can become who you're meant to be.
Call: 563-333-6000
Request information
Apply now
Skip to main content
Apply Now
Types of Federal Financial Aid for College Student
Financial aid resources to help you make smart choices
Financial aid is government grants, work-study programs, and loans. To learn if you're eligible, fill out a Free Application for Federal Student Aid (FAFSA), using St. Ambrose school code 001889.
Understanding types of financial aid
The U.S. Government offers grant and loan programs, tailored to support tuition and fees at St. Ambrose. Funding covers essentials like textbooks and living expenses. Grants, usually repayment-free, may have exceptions. Loans require repayment. Delve into detailed information on financial aid below, and our dedicated advisors are ready to address your questions.
Check financial aid eligibility
Estimate the cost of my degree
Federal Pell Grants
The
Federal Pell Grant
is need-based financial aid provided by the U.S. Department of Education, designed to assist eligible undergraduate students in pursuing their higher education by providing repayment-free funds. The grant amount is determined by factors such as the student’s Federal Tax Information or FTI, enrollment status, and the cost of attendance.
Federal Pell Grants eligibility
To be eligible for the Federal Pell Grant at SAU, students must meet certain criteria, including:
Pell Grants are awarded based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). Students must complete the FAFSA to be considered for the Pell Grant.
Pell Grant eligibility is calculated based on enrollment intensity. The grant amount varies and is based upon the number of credits enrolled from 1 credit to 12 credits.
Pell Grants are typically for students pursuing their first bachelor's degree.
Students must be U.S. citizens or eligible non-citizens.
Federal direct loans
Subsidized loans
: Need-based loans. The government covers the interest while the student is in school at least half-time, during the grace period, and deferment periods. Eligibility is determined based on financial need.
Unsubsidized loans
: These are not need-based. Interest accrues from the time of disbursement. Students are responsible for paying the interest. It can be deferred while in school, but will be capitalized if not paid during deferment.
Federal Parent PLUS Loans
: A program to help parents cover the educational costs of their dependent undergraduate children. Parents can borrow up to $20,000 per student starting in the 2026-2027 academic year. These are credit-based loans. Eligibility is determined by the borrower's credit history. FAFSA is required for a parent to borrow the PLUS loan.
Federal Grad PLUS Loans
*: A program designed to assist graduate and professional students in covering educational costs. These are credit-based. Eligibility is determined by the borrower's credit history. Graduate students can borrow up to the cost of attendance minus any other financial aid received.
*Based on changes to federal aid from the One Big Beautiful Bill Act (OBBBA), Graduate PLUS loans will be eliminated after June 30th, 2026. New students enrolling in the fall of 2026 will not have access to this federal loan program. Please see your financial aid office for more information and borrowing options. If you are a continuing graduate student and have a Graduate PLUS loan disbursed before July 1st, you may continue to borrow under the old rules for up to three academic years or until you finish your current program.
Loan interest rates and repayment
Federal Direct Loan interest rates
The government sets Federal Direct Loan interest rates. Rates may vary depending on the type of loan and the academic year. It's essential to check the current rates when considering these loans.
Loan deferment and forbearance
In certain situations, such as financial hardship or returning to school, students may qualify for deferment or forbearance, temporarily postponing or reducing loan payments.
Federal Work-Study (FWS) Program
The
Federal Work-Study (FWS) Program
provides part-time employment opportunities for eligible students to earn money for education expenses. Work-study jobs are varied, both on- and off-campus. Positions may involve the student's course of study or community service. FWS knows the importance of balancing work and academics, offering flexible schedules. To be considered for the Federal Work-Study Program, students must complete the
Free Application for Federal Student Aid (FAFSA)
, which determines financial need as eligibility for work-study.
Work-Study Program Benefits for Students
Work-study provides a valuable source of income for students, helping cover educational expenses such as tuition, books, and living costs.
Many work-study positions align with students' academic interests or majors, providing practical experience and enhancing their resumes.
Beyond academics, work-study jobs offer opportunities for skill development, including time management, communication, and teamwork.
Students working on campus may establish connections with faculty and staff, creating a network that can be beneficial for future career opportunities.
Opportunities: Some work-study positions involve community service, allowing students to give back to the community while earning their financial aid.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The
FSEOG is a federal grant
that provides additional financial assistance to undergraduate students with exceptional financial need. It's a campus-based grant with limited funds, but the funds don't have to be repaid. Priority is given to students with the most significant financial need. The amount awarded through FSEOG varies based on financial need, other aid received, and the availability of funds at the institution.
FSEOG Eligibility Criteria
To be eligible for the FSEOG at SAU, students must meet certain criteria, including:
FSEOG is offered to Pell Grant eligible students, determined by the information provided in the Free Application for Federal Student Aid (FAFSA).
Students with an SAI of -1500 to 0 receive priority consideration for FSEOG funds.
FSEOG eligibility is often contingent on being enrolled at least half-time, though specific requirements vary.
Generally, only undergraduate students pursuing their first bachelor's degree are eligible for FSEOG.
The Iowa Tuition Grant
The
Iowa Tuition Grant
, awarded by the state, supports Iowa residents attending private institutions like SAU with a grant of $7,500 annually.
Iowa Tuition Grant Eligibility Criteria
To be eligible for the Iowa Tuition Grant, students must meet certain criteria, including:
Iowa resident
Undergraduate enrollment in an associate or bachelor degree
Enrolled at an eligible Iowa private college or university
FAFSA submitted by July 1 of award year
Have an eligible Student Aid Index (SAI) on the FAFSA:
2025-26 eligible SAI range at Iowa not-for-profit private institutions: -1500-16,000
2026-27 eligible SAI range at Iowa NFP private institutions TBD, FAFSA filing deadline of July 1st, 2026
Upcoming changes to Federal Student Loans
Significant changes to federal student loans were recently enacted through the One Big Beautiful Bill Act. These changes will affect how undergraduate and graduate students finance their education beginning on July 1, 2026. Review the new rules to find out how they may apply to you.
Explore changes
Important information about financial aid
The financial aid code of conduct
At SAU, we uphold the highest standards of professionalism and ethics in matters concerning student financial aid. Our commitment extends to all officers, employees, and agents involved in this crucial responsibility.
Learn more about code of conduct
SAU financial aid policies
SAU actively engages in multiple financial aid programs for students in pursuit of higher education. Our policies align with state and federal regulations governing each program, ensuring transparency and compliance.
Learn more about our policies
Managing student debt
Student loans are a valuable resource for achieving educational goals. Understand the importance of borrowing wisely, ensuring that the funds received are managed effectively and repaid responsibly.
Learn more about managing student debt
Student exit counseling
At SAU, we uphold the highest standards of professionalism and ethics in matters concerning student financial aid. Our commitment extends to all officers, employees, and agents involved in this crucial responsibility.
Learn more about exit counseling
Need help with your financial aid?
We believe in making higher education accessible. We're available to help answer any question you have about financial aid and achieving your degree. Talk with an FA Counselor who can help create a plan.
Schedule consultation
Apply now
Steps to apply for Federal Financial Aid
Navigate the financial aid process effectively to maximize its benefits. Explore the detailed steps and estimated completion times.
Get a Federal Student Aid ID
Create an FSA ID to access the Federal Student Aid online system.
10 mins |
Get started
Fill out the FAFSA form
The application for federal grants, work-study programs, and loans for college students. SAU code is 001889.
20 mins |
Get started
Complete the FSA loan counsel
Learn your responsibilities for any federal student loans you receive.
20-30 mins |
Get started
Sign master promissory note
A pledge to repay your federal student loans with interest and fees.
30 mins |
Get started
Become who you are meant to be
Invest in your future. Contact SAU's Student Financial Aid to learn what assistance options are available so you can become who you're meant to be.
Call: 563-333-6000
Request information
Apply now