College is an investment in your future and Financial Aid assists families in making college affordable.
Financial assistance at The College of Idaho comes in several forms: merit-based scholarships, talent-based scholarships, need-based aid as well as Federal Loans and grants. Each student is automatically considered for a merit-based scholarship when they apply for admission. Talent based scholarships are awarded based on performance and participation in C of I Athletic and Fine Arts Programs. Need-based and federal aid is granted based on a student’s demonstrated need and eligibility indicated on their Free Application for Federal Student Aid (www.FAFSA.ed.gov).
Merit Scholarships are based on grade point average and test scores at the time of admission and are awarded based on full time enrollment. The maximum merit award and/or need-based scholarship, established at the time of admission, may be met by one or more endowed or funded scholarships donated by major contributors to the C of I. All or a portion of these award may be renamed at any time during enrollment.
Talent Based Scholarships are awarded based on student athletic and fine arts performance/participation in The College of Idaho programs. The award is renewable as long as the student meet the criteria set in the Letter of Intent.
Need-Based Scholarship funds are based on need and are subject to change based on the information we receive on the Free Application for Federal Student Aid (www.FAFSA.ed.gov), through the verification process, or in some cases if the student receives additional financial aid. A cumulative GPA of 2.00 is required to continue to receive this scholarship. This scholarship is funded through College of Idaho funded and endowed scholarships.
Federal loans are borrowed funds that the student must repay with interest. A federal student loan allows students and their parents to borrow money to help pay for college through loan programs supported by the federal government. They have low interest rates and offer flexible repayment terms, benefits, and options.
Basic Eligibility Criteria
To qualify for federal student aid (grants, loans, and work-study funds), you have to meet certain requirements. Our general eligibility requirements are that you must
demonstrate financial need (for most programs);
be a U.S. citizen or an eligible noncitizen;
have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau);
be registered with Selective Service, if you’re a male (you must register between the ages of 18 and 25);
be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
be enrolled at least half-time to be eligible for Direct Loan Program funds;
maintain satisfactory academic progress in college;
sign the certification statement on the Free Application for Federal Student Aid (FAFSA®) stating that
- you are not in default on a federal student loan and do not owe money on a federal student grant and
- you will use federal student aid only for educational purposes; and
- show you’re qualified to obtain a college or career school education by
- completing a high school education in a homeschool setting approved under state law (or—if state law does not require a homeschooled student to obtain a completion credential—completing a high school education in a homeschool setting that qualifies as an exemption from compulsory attendance requirements under state law).
- having a high school diploma or a recognized equivalent such as a General Educational Development (GED) certificate;