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Award Conditions

This a complete listing of all awards, federal, state and institutional, not all awards are applicable to each student.  Aid is subject to change due to verification, notification of enrollment at another institution, or change in residency or enrollment. Aid below is intended for the 2014-2015 academic year. Please contact the Office of Financial Aid with questions concerning aid received in prior years.

Federal and State Aid

Federal and State funding levels are subject to change based on the actions of the respective legislatures. In the event the funding levels change, we will send out a revised award letter.

Federal Pell Grant

  • The amount of Federal Pell Grant funds you may receive over your lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600%.
  • Amounts can change yearly. The amount you get, though, will depend on
    • your financial need (EFC)
    • your cost of attendance
    • your status as a full-time or part-time student
    • your plans to attend school for a full academic year or less

Federal Direct Loan Limits

  • Undergraduate Dependent Student
    • Maximum Total Debt from Subsidized and Unsubsidized Loans = $31,000 (no more than $23,000 of this amount may be subsidized loans.)
  • Undergraduate Independent Student
    • Maximum Total Debt from Subsidized and Unsubsidized Loans = $57,500 (no more than $23,000 of this amount may be subsidized loans.)
  • Graduate or Professional Student
    • Maximum Total Debt from Subsidized and Unsubsidized Loans =$138,500 (no more than $65,500 of this amount may be subsidized loans.)

Iowa Tuition Grant

  • If the Iowa Tuition Grant is listed in your award letter, the amount is based on the best estimate we have at this time of the level of state appropriations for the Iowa Tuition Grant Program. This award may be slightly adjusted based on the final outcome of state appropriated funding for the Iowa Tuition Grant Program and the number of applicants who may be eligible statewide. In the event that available state funds are insufficient to pay the full amount of each approved grant, the Iowa College Student Aid Commission has the authority to administratively reduce the award. Federal funding levels are subject to change based on the actions of Congress. In the event the funding levels change, we will send out a revised award letter.

Federal Work Study

  • Federal Work Study is work eligibility, not a guarantee of funds. This aid is based on need and is not awarded to all students. Students must secure a job and put in sufficient work hours to earn the funds. All current work study jobs are listed online at www.clarke.edu/oncampusjobs.

Satisfactory Academic Progress

  • Students receiving Title IV financial assistance are expected to progress satisfactorily toward degree completion. The satisfactory academic progress of a student will be measured both quantitatively and qualitatively. For further information please click here.

Institutional Awards

Full-Time daytime students are able to renew Clarke financial aid for up to ten total semesters of all college work in an undergraduate degree-seeking program if a student remains continuously enrolled as a full-time day-time undergraduate student, maintains the required GPA, and makes satisfactory progress in the number of completed courses.You must meet all of the above listed requirements along with any additional requirements specific to your award listed below in order to continue receiving your institutional awards.

Athletic Awards

  • Please refer to terms of your Letter of Intent.

Fine Arts Awards

  • Student must maintain at least a 3.0 cumulative grade point average in their major and a 2.5 GPA overall for renewal.
  • For additional scholarship obligations please refer to your Fine Arts Scholarship Agreement

  Mary Frances Clarke Scholarship 

  • Student must maintain at least a 3.6 cumulative grade point average for renewal.
  • For additional scholarship obligations please refer to your Mary Frances Clarke Scholarship Agreement.

Margaret Mann Scholarship

  • Student must maintain at least a 3.4 cumulative grade point average for renewal.
  • For additional scholarship obligations please refer to your Margaret Mann Scholarship Agreement.

Rose O'Toole Scholarship

  • Student must maintain at least a 3.0 cumulative grade point average for renewal.
  • For additional scholarship obligations please refer to your Rose O'Toole Scholarship Agreement.

VIEW Leadership Scholarship

  • Student must maintain at least a 2.0 cumulative grade point average for renewal.
  • For additional scholarship obligations please refer to your VIEW Leadership Scholarship Agreement.

Clarke University Legacy Award

  • For new incoming students who have a spouse, parent, grandparent, or sibling that has graduated from Clarke University are eligible for the Legacy Award. The spouse, parent, grandparent, or sibling could be a graduate with any Clarke University degree (not certificate or teacher certification) in an undergraduate, graduate, or TimeSaver program. The student must be enrolled as a full-time daytime student at Clarke University. Only one award is given per student (not one award per alumni).

Endowed Scholarship

  • Applicants must have attended Clarke University for at least one semester as a full-time, day-time undergraduate student; you must apply for this scholarship each year, it is not renewable.  Scholarship amounts are split evenly between fall/spring semester.  If you graduate or become part time you are no longer eligible for your scholarship.

PHI THETA KAPPA

  • Student must maintain at least a 3.0 cumulative grade point average for renewal.

Clarke Presidential Scholarship

  • Student must maintain at least a 3.0 cumulative grade point average for renewal.

Clarke Achievement Award

  • Student must maintain at least a 2.0 cumulative grade point average for renewal.

Clarke Transfer Presidential Scholarship

  • Student must maintain at least a 3.0 cumulative grade point average for renewal.

Clarke Transfer Achievement Award

  • Student must maintain at least a 3.0 cumulative grade point average for renewal.

Campus Grant

  • Must be a full-time undergraduate student living on campus, if a student decides to live off campus, they will lose the Campus Grant. The student will not retain the Campus Grant if he/she chooses to move off campus and it will not be replaced with additional need money.

Campus Impact Grant 
If the Campus Impact Grant is listed in your award letter, it will remain at this funding level for an additional four years, provided that you meet the following conditions.

• Reside in on-campus housing.  For freshmen year, this will be a double room in the residence hall.  In subsequent years, you may choose a single room, apartment suite or upper class residence hall.  You are responsible for any additional charges as a result of your housing choice or rate increases.
• Purchase a board plan from the normal board plan options.
• Retain continuous registration as a full-time undergraduate student.
• Not become a member of any intercollegiate athletics team.
• Not be a Mary Frances Clarke or Margaret Mann scholar.

If any of the above conditions are not met, the grant will be rescinded and your normal charges will apply.  In addition, your total amount of Clarke institutional grants and scholarships may not exceed the total cost of tuition.
 

 

 

 

 

 

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