Last-Dollar
Scholarship

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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.

For the 2022-23 academic year, the qualifying MCC and IVG programs for Last-Dollar Scholarships are:

 

Marshalltown Community College

Iowa Valley Grinnell

Welding Student
Medical Assisting Student

Are you Eligible?

As the name implies, the Last-Dollar Scholarships are intended to cover any remaining gap between federal and state grants/ scholarships and tuition and qualified fees. Students must complete a Free Application for Federal Student Aid (FAFSA) and apply for all other available aid and plan to earn a credential (certificate, diploma, or degree) in one of the programs listed above. Applicants for Last-Dollar Scholarships must be new high school graduates starting college full-time or adult learners (age 20 and older) starting college at least part-time.

 

The Future Ready Iowa Last-Dollar Scholarship program will help more Iowans achieve education or training beyond high school leading to high-demand jobs by helping pay tuition for designated programs of study up to two-year degrees. This will create opportunities for good-paying careers that meet employers’ needs for more skilled workers while growing Iowa’s economy. Both new high school graduates and adults already in the workforce or unemployed, and who want to improve their skills, can participate.

WHO IS ELIGIBLE?

Group 1: New High School Graduates Group 2: Adult Learners
Eligibility requirements include:

  1. Full-time student or part-time with approved work-based learning program
  2. In an eligible MCC/IVG program
  3. Maintain satisfactory academic progress​

Lifetime Maximum

8 semesters

 

Eligibility requirements include:

  1. Reach age 20 or older before August 1
  2. Full- or part-time student
  3. In an eligible MCC/IVG program
  4. Never received Iowa LDS money under Group 1
    (High School Graduates).
  5. Maintain satisfactory academic progress

Lifetime Maximum

8 semesters (part-time or equivalent)

 

Requirement: You must enroll in a qualified program of study full-time or enroll in an eligible program part-time along with an approved work-based learning program for the fall immediately following high school graduation, apply for all other available state and federal grants and scholarships, and meet ongoing requirements.

If you already receive full tuition through federal and state grants, Iowa LDS awards $250 if you are enrolled full-time, or $125 if you are enrolled part-time.

(Summer enrollment does not count toward continuous enrollment but does count toward the tuition award maximum if you receive Iowa LDS funds for summer semester.)