Grants

Degree Completion

Undergraduate Federal Grants

Federal Pell Grants are available to undergraduate students based on financial need. Individual awards are determined based on federal formula. Payment is calculated for full-time enrollment (12 or more hours per semester), three-quarter-time enrollment (9-11 hours per semester), or half-time enrollment (6-8 hours per semester). Students enrolled less than half-time may also be eligible.

To be considered for a Federal Pell Grant, the results of your valid aid applications (FASFA) must be received while you are still enrolled; other documentation may also be required.

Students enrolled in summer courses may be entitled to Federal Pell Grant funds for that enrollment. Students with prior baccalaureate degrees are not eligible. There is a 6 year limit on funding per individual.

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Federal Supplemental Educational Opportunity Grants (FSEOG) are available to students who show exceptional financial need and, normally, who are eligible for a Federal Pell Grant. These grants are partially federally funded, but awarding is controlled by the University.

Priority is given to students who file a FAFSA by June 1 and list Buena Vista University on the application. Limited funding will be awarded on a first-come, first-served basis.

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Federal Teacher Education Assistance for College and Higher Education (TEACH) Grants of up to $4,000/year may be awarded to graduate or undergraduate students who intend to teach and who have been accepted into an eligible program. In exchange, recipients must serve as a full-time teacher in a high-need field, in a school serving low-income students for at least four years within eight years of graduation.

Students who don’t complete their teaching obligation as indicated will be required to repay any funds received as a Federal Direct Unsubsidized Loan, with interest accruing from the time the grant was disbursed. A CGPA of 3.25 is normally required; exception applies to certain graduate students who are currently teaching. Interested students should contact the Office of Financial Assistance for additional guidance.

Eligible undergraduate/graduate programs include majors/tracks within the School of Education/Master of Education that would qualify the student to teach (with student’s desire to teach) in a shortage area as defined by the federal government, state government or a local education agency, and that are included in ED’s annual Teacher Shortage Area Nationwide Listing.

Not all education related majors in the undergraduate program or tracks within the Master’s programs prepare a person to teach in a shortage area so not all are considered Teach Grant eligible.

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Undergraduate State Grants

Iowa National Guard Educational Grants are available to Iowa residents who are members of an Iowa Army or Air National Guard unit while enrolled in higher education. The individual award amount will not exceed the average tuition rate for full-time students at Iowa Regents Universities.

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Iowa Tuition Grants (ITG) are available to eligible residents of Iowa attending private institutions. Iowa Tuition Grants are available, based on financial need, for full-time undergraduate study and for less than full-time enrollment.

For the 2016-2017 school year, the award amounts are as follows:

  • Part-time $117/credit hour
  • Full-time $134/credit hour
  • Maximum of $5650
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Other gift aid programs, such has the Iowa Education & Training Voucher Grant, All Iowa Opportunity Foster Care Grant and the All Iowa Opportunity Scholarship, are available from the State of Iowa in limited amounts. These funds currently help Iowa students who have been in foster care, TRIO programs, alternative high schools or are homeless.

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