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Last Dollar Scholarship

Students enrolled in qualified programs at Marshalltown Community College and Iowa Valley Grinnell are now eligible to apply for the Future Ready Iowa Last-Dollar Scholarship program. The Last-Dollar Scholarship will pay for your tuition and qualified fees if enrolled in one of many designated career technology programs. That’s right … the State of Iowa will pay the student’s tuition and qualified fees, whatever is left after applying for any federal and state grants/scholarships.

Medical Assisting Student

Are you Eligible?

To be eligible to receive the Last-Dollar Scholarship, you must meet the following ongoing eligibility requirements:

  1. Be an Iowa resident.
  2. Complete the Free Application for Federal Student Aid (FAFSA) annually. The priority deadline for 2023 – 2024 is July 15, 2023.

    *According to FAFSA, 2023-2024 year eligibility for EFC (estimated family contribution) is below $20,000.
  3. Meet and register for courses with an advisor each term.
  4. Enroll in at least 6 credit hours each fall and spring semester until you've completed your program.
    • Summer term courses: If summer awarding is approved by Iowa College Aid and you enroll in summer term courses, you must be enrolled in 6 credit hours.
  5. Meet Satisfactory Academic Progress each term.
  6. Continuously receive a Last-Dollar Scholarship disbursement each fall and spring semester.

Students will be notified via their Iowa Valley email that a Last-Dollar Scholarship award is available to them once eligibility is confirmed.

See Iowa College Last-Dollar Scholarship for the full list of ongoing requirements.

Last-Dollar Scholarship Award Calculation

LDS Scholarship table

*2023–2024 Max Last-Dollar Scholarship = $216 per credit hour × the total number of credit hours per term.

Last-Dollar Scholarship recipients receive the remaining balance of what they owe for tuition and mandatory fees after other awarded federal and/or state grants and scholarships have been applied.

  • If your Last-Dollar Scholarship Award Amount is positive: This is the amount of your Last-Dollar Scholarship for the term.
  • If your Last-Dollar Scholarship Award Amount is negative: Your Last-Dollar Scholarship award amount for the term would be the minimum of $250 per term for full-time enrollment.

Each student's eligibility is determined specifically for their situation. It is very likely to have different awards for the same enrollment period.

Costs not covered by the
Last-Dollar Scholarship:

The following costs are not covered by the Last-Dollar Scholarship and may lead to out-of-pocket expenses:

  • Visit the MCC Bookstore to determine the cost of books.
  • Course fees: Some courses have additional fees.
  • Tuition for repeated coursework, developmental coursework, and coursework not required for your current MCC program may be excluded from your Last-Dollar Scholarship award calculation.
  • Additional program costs: Some programs have additional costs such as tools, equipment, supplies, uniforms, exam fees, and background screenings. Visit with your academic advisor for more information.