As a student at Indian Hills Community College, you may be able to reduce your college expenses with financial assistance in the form of grants, scholarships, work-study programs, and/or loans. The Financial Aid Office at Indian Hills is here to help you find the assistance you need to further your education and accomplish your goals.
We have compiled the information necessary for you to begin the process of applying for Federal and State sources of financial aid, and to explore the Educational Tax Benefits that might apply to you.
Time to get down to business. If you need a form that isn’t listed here, don’t panic. We’ve got it at the financial aid office – just give us a call and we’ll make sure you get it.
Our School Code: 008298 COMPLETE MY FAFSA
Attention students: Did you know you MUST renew your FAFSA each school year to be eligible for federal student loans and grants?
Definition of Financial Need
Students are packaged for financial aid (given financial aid from several of the programs for which a student is eligible) based on the student’s financial need. Financial need is determined by a student’s Expected Family Contribution (EFC) (computed from information provided on the Free Application for Federal Student Aid — FAFSA) as compared to IHCC’s Cost of Attendance (COA). Those who have a positive number remaining after the EFC is subtracted from the Cost of Attendance may qualify for some need based aid sources. To meet with federal regulations, IHCC defines the neediest students as those whose EFC = 0 (zero).
Awarding Philosophy
Indian Hills awards financial aid based on need. Need–based financial aid reduces barriers to higher education for students and families who could not otherwise afford college costs. This need–based packaging philosophy assures that: Students with similar circumstances are treated equally; and “Need” is the only criteria used to award most undergraduate financial aid.
Financial need is the difference between the Indian Hills budget (estimated cost of attendance) and your expected family contribution: Your expected family contribution (EFC) is determined by the U.S. Department of Education's Central Processing System, using formulas determined by Congress and written into public law. Your own EFC is calculated based on the information you provide in your FAFSA (Free Application for Federal Student Aid).
Please note: Limited funding is available. If you're eligible for financial aid, your need will be funded by various sources on a first–come, first–served basis, based on fund availability. Read the packaging policy for undergraduate students to learn more about the various ways Indian Hills helps you cover your costs.
Financial Aid Packaging Policy
Award packaging covers your financial need with a mix of different types of financial aid. “Need” is the difference between the Indian Hills Cost of Attendance (your estimated costs) and your expected family contribution, as determined by your FAFSA.
If you're eligible for assistance, your need will be funded by various sources on a first–come, first–served basis, based on fund availability. Funds are distributed in the following sequence:
- Scholarships from Indian Hills and outside agencies (if awarding of Federal and State aid is not complete)
- Grants Federal Pell Grant Federal Supplemental Educational Opportunity Grant (SEOG)
- Federal Direct Loans (Subsidized, Unsubsidized, Parent PLUS)
- Federal Work–Study
When Will I Receive My Financial Aid?
Understand how financial aid is adjusted and when you can expect your aid: View Receive Dates
Satisfactory Academic Progress Policy
Indian Hills Community College (IHCC) is required to establish satisfactory academic progress (SAP) standards for students receiving federal and state financial aid in accordance with U.S. Department of Education regulations. The standards addressed in the document below are applicable to all students receiving federal, state, and institutional financial assistance administered by the IHCC Financial Aid Office.
Questions about Aid Award Policies and Eligibility? No problem.
As stated in your Award Letter, this section contains information and policies regarding financial aid eligibility requirements and other information on specific awards including, federal and state grants and scholarships, work–study, and the different types of federal loans. Other important information includes the effects that withdrawing and/or failing your courses can have on your financial aid, satisfactory academic progress, Loan Counseling and Master Promissory Note requirements, changes that could affect your financial aid package, and approximate disbursements dates for each term.
IHCC Financial Assistance Office Policies and Procedures Manual
- IHCC Financial Aid Checklist
- General Eligibility Requirements
- Changes That Could Affect My Financial Aid Package
- Other Important Information
- Satisfactory Academic Progress
- Withdrawing/Failing and Its Impact on Financial Aid
- Federal Pell Grant
- Federal SEOG Grant
- Iowa Vocational–Technical Grant
- All Iowa Opportunity Scholarship
- Federal Work Study
- Institutional Code of Conduct for Education Loans
[Indian Hills Community College does not maintain a preferred lender list or preferred lender arrangement (Iowa Code 261F.6)] - Financial Aid, Borrowing, and My Account Balance
- Direct Subsidized Loan Changes
- Subsidized Loans
- Unsubsidized Loans
- Direct Parent PLUS Loans
- MAXIMUM Student and Parent PLUS Loan Amounts
- About Your Award Letter
- Summer Aid Eligibility
- Iowa Scholarships & Grants Quick Reference Guide
- Gainful Employment Information
- Federal Student Financial Aid Penalties for Drug Law Violations
- Aggregate Loan Limits
- Satisfactory Academic Progress Policy
- Important Direct Loan Information
- Video: Money Walks: Financial Literacy Information
Exit Counseling
Student loans are legal obligations that must be repaid, with interest, similar to a car loan or a home mortgage. Please review the following guides to help you understand your rights and responsibilities as a student loan borrower, and find tips and information to successfully manage your student loan repayment.
- Exit Counseling Guide for Federal Student Loan Borrowers
- Student Loan Repayment Guide
- Student Loan Repayment (Inceptia)
Financial Aid Forms
Below you will find financial aid forms that may be necessary for the processing of your financial aid, including Verification Worksheets, the Parent PLUS Loan Application, the Satisfactory Academic Progress (SAP) Appeal Form, and the Income Clarification Form. If you need a form that is not available online, please contact the Financial Aid Office.
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Other Financial Aid Forms |
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Additional Policies Withdrawal/Return of Federal Title IV Funds (R2T4) Drug Law Violations: Federal Student Financial Aid Penalties |
Contact Us:
| Ottumwa Campus | Centerville Campus |
|---|---|
| Financial Aid Office Indian Hills Community College 525 Grandview Avenue Ottumwa, Iowa 52501 |
Financial Aid Office Indian Hills Community College 721 North 1st Street Centerville, Iowa 52544 |
| Phone (641) 683-5262 (800) 726-2585, ext. 5262 |
Phone (641) 856-2143 (800) 670-3641 |
| Email: onestop@indianhills.edu | Email: onestop@indianhills.edu |
| Ottumwa Campus | Centerville Campus |