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Last-Dollar Scholarships

Complete your Free Application for Federal Student Aid (FAFSA) by August 1, 2021

Students enrolled in qualified programs at Marshalltown Community College and Iowa Valley Grinnell are now eligible to apply for the new Future Ready Iowa Last-Dollar Scholarship program. The Last-Dollar Scholarship will pay for a student’s tuition and 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 fees, whatever is left after applying any grants or scholarships received.

For the 2020-21 academic year, the qualifying MCC and IVG programs for Last-Dollar Scholarships are:

Who is eligible?

Group 1: New High School Graduates


Eligibility requirements include:

  1. Full-time student
  2. In an eligible MCC/IVG program
  3. Begin classes the semester after high school graduation
    (does not include summer semester).
  4. Maintain satisfactory academic progress​

Lifetime Maximum

5 semesters

Requirement: You must remain continuously enrolled as a full-time student in the program to remain eligible unless it is the final term of enrollment. (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.)

If you already receive full tuition through federal or state grants, and meet requirements, you will receive $250 through Iowa LDS.

Group 2: Adult Learners


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 remain continuously enrollment in the program taking at least 6 credit hours each semester. (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.)

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

Complete your Free Application for Federal Student Aid (FAFSA) by August 1, 2021

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.

Additional scholarship requirements and application forms are on the Iowa College Aid Commission website at https://www.iowacollegeaid.gov/lastdollar.

The $13 million 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.

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