Financial Aid

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:

  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 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

 

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

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.

 

Academic Year 2017-2018

 
How to obtain a 2015 IRS Tax Return Transcript
2017-18 Dependent Verification Worksheet
2017-18 Independent Verification Worksheet
2017-18 Student Nontax Filers
2017-18 Parent Nontax Filers
2017-18 Student Income Clarification Worksheet
2017-18 Parent Income Clarification Worksheet
2017-18 Other Dependents
2017-18 Identity and Statement of Educational Purpose
2017-18 Loan Adjustment Request/Federal Work Study Decline Form
  2017-18 Parent Plus Loan Application

 

Other Financial Aid Forms

SAP Appeal Form

Consortium Aggreement

Student Withdrawl Clearance Letter

 

Additional Policies


Withdrawal/Return of Federal Title IV Funds (R2T4)

 

 

 

Contact Us:

Ottumwa Campus Centerville Campus
Financial Aid Office
Indian Hills Community College
623 Indian Hills Drive
Ottumwa, IA 52501
Financial Aid Office
Indian Hills Community College
721 North First Street
Centerville, IA 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