University of Iowa News Release
March 14, 2006
Provost Announces New Scholarships For Low-Income, High Achieving Students
University of Iowa Executive Vice President and Provost Michael Hogan announced today the establishment of a new scholarship program to help financially disadvantaged, high achieving undergraduate students from Iowa. The Iowa Pathways Program will use a combination of federal, state and university grants, scholarships, and work-study to provide for all of the student's direct educational costs, including tuition, fees, room, board and books, or approximately $14,000 for the 2007-2008 school year. The university expects to provide up to 70 students with a Pathways scholarship each year, according to Mark Warner, director of student financial aid.
According to Provost Hogan, the Iowa Pathways Program "will help the university expand access to exceptionally needy students and will recognize and reward academic excellence before and during enrollment at the university."
Hogan also sees the scholarship as opening new opportunities for students who might otherwise be denied the lifetime benefits of a university education.
"Increasingly, good jobs require higher education, but because of higher costs and reduced federal financial aid, it's becoming more and more difficult for students on the lower end of the economic ladder to get the education they need to access those jobs," Hogan said. "Iowa Pathways will help many of these young Iowans get the support they need to attain success in their chosen careers."
The program will provide a supplemental scholarship of up to $3,000 that will offset the expenses not covered by the other financial aid packages the recipient has already received, including scholarships from university and non-university sources, state and federal grants and work-study.
To be eligible to participate in Iowa Pathways, a student must be accepted to the University of Iowa and come from a family with a parental income at or below 150 percent of the poverty level. The student must also graduate in the top 10 percent of his or her high school class and maintain a minimum GPA of 3.00 while a student at UI.
The program also aims to help participants become wise financial planners by requiring them to meet three times a year with a financial aid counselor. Students will receive money management training and meet annually with staff from the UI Student Credit and Money Management Services regarding wise use of credit cards.
Hogan said the program, which will begin with the 2007-2008 academic year, will also provide emergency, zero interest loans if a student experiences an unexpected expense during the year, such as a health issue or family need.
The Iowa Pathways Program is the latest in a series of new or enhanced scholarship programs at The University of Iowa.
For the 2007-2008 academic year, the university has increased by $50,000 funding for two existing scholarships aimed at Iowa community college transfer students.
The Iowa Community College Transfer Academic Scholarship is awarded each year to students transferring directly from an Iowa community college who have earned 30 semester hours and maintained a 3.85 cumulative transfer grade point average. Students who qualify are automatically considered for the award. The award is $1,000 annually.
In addition, students who graduate from an Iowa community college with an associate of arts (AA) degree, and who demonstrate both financial need and academic merit, may qualify for an Iowa Community College Transfer Scholarship. A cumulative transfer 3.00 grade point average is required. The award ranges from $200 to the full amount of resident tuition.
Hogan said the community college transfer scholarships, like the Pathways Program, are an important tool for keeping a university education accessible as well as for recruiting excellent students.
"Many well qualified students choose to start out at a community college in order to keep costs down," he said. "We hope that these scholarships will help contribute to the success of high performing community college students once they transfer to Iowa."
Another new scholarship program, the Iowa Heritage Program, will award $1,500, renewable in subsequent years, to entering non-resident undergraduate students who have a parent, step-parent, legal guardian, or grandparent who graduated from the UI. The program aims to attract nonresident students whose families have prior ties to Iowa and the university back to the state. The program is good for the state in part because many nonresident students who graduate from the UI take their first job in Iowa, Hogan says. At the same time, resident students will benefit from a more geographically diverse set of classmates.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
MEDIA CONTACT: Michael Hogan, Executive Vice President and Provost, 319-335-3565, firstname.lastname@example.org