Financial Assistance

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?

WHERE do i begin?

IHCC Financial Aid Checklist

Selected for verification?

No Problem! If you were selected for verification, below you will find all financial aid forms that may be necessary. Review your Financial Aid Checklist on your student portal for what forms may be required. If you need a form that is not available online, please contact the Financial Aid Office.

You've Been awarded... what's next?

UNDERSTANDING MY AID

Federal Student Aid

State Aid

Policies & Procedures/Regulations

IHCC Financial Assistance Office Policies and Procedures Manual

Other Federal Regulations

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.

Financial Aid Forms

If you were selected for verification, below you will find all financial aid forms that may be necessary. Review your Financial Aid Checklist on your student portal for what forms may be required. If you need a form that is not available online, please contact the Financial Aid Office.

Academic Year 2022-2023 Forms
How to Obtain a 2020 IRS Tax Return Transcript
How to Obtain a 2020 IRS Verification of Non-filing Letter
2022-2023 Dependent Verification Worksheet
2022-2023 Independent Verification Worksheet
2022-2023 Student Nontax Filers
2022-2023 Parent Nontax Filers
2022-2023 Verification of Dependents Other Than Spouse or Children
2022-2023 Notary Identity and Statement of Educational Purpose
2022-2023 Graduate or Professional Degree Status
2022-2023 Aid Adjustment Request
2022-2023 Parent Plus Loan Application

 

Other Financial Aid Forms & Information

Below you will find financial aid forms that may be necessary for the processing of your financial aid, including the Parent PLUS Loan Application, and the Satisfactory Academic Progress (SAP) Appeal Form. If you need a form that is not available online, please contact the Financial Aid Office.

SAP Appeal Form

Consortium Aggreement

Student Withdrawal Clearance Letter

Acceptable Documents to Verify Citizenship

Selective Service Status Verification

Form 4506-T, Request for Transcript of Tax Return 

Simple Steps to Transfer Tax Information Into Your FAFSA Form

AWARDING PHILOSOPHY

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).

Calculating your financial Need

Cost of Attendance (COA) − Expected Family Contribution (EFC) = Financial Need

Need-based aid is financial aid that you can receive if you have financial need and meet other eligibility criteria. You can’t receive more need-based aid than the amount of your financial need. For instance, if your COA is $16,000 and your EFC is 12000, your financial need is $4,000; so you aren’t eligible for more than $4,000 in need-based aid.

The following are the need-based federal student aid programs:

More Information on Calculating Financial 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. Funds are distributed in the following sequence:

  1. Scholarships from Indian Hills and outside agencies (if awarding of Federal and State aid is not complete)
  2. Grants Federal Pell Grant Federal Supplemental Educational Opportunity Grant (SEOG)
  3. Federal Direct Loans (Subsidized, Unsubsidized, Parent PLUS)
  4. 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 offer, 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 Entrance Counseling and Master Promissory Note requirements, changes that could affect your financial aid package, and approximate disbursements dates for each term.

 
Contact Us:

Ottumwa Campus
Financial Aid Office

525 Grandview Avenue Ottumwa, Iowa 52501

Phone: (641) 683-5262 or (800) 726-2585 ext. 5262
Email:OneStop@indianhills.edu

 

Centerville Office
Financial Aid Office

721 North 1st Street Centerville, Iowa 52544

Phone: (641) 856-2143 or (800) 670-3641
Email:OneStop@indianhills.edu