Financial aid increases for former foster youth

Monday, May 17, 2021

CONTACT:

Elizabeth Keest Sedrel
(o) 515-725-3417  (c) 515-710-1257
elizabeth.sedrel@iowa.gov

Maximum award more than doubles for 2021-22 school year

Iowa college students who were in the foster care system could qualify for expanded financial aid, Iowa College Aid announced today.

The federal Consolidated Appropriations Act of 2021 increased funding for the Education and Training Voucher, which provides aid to students who aged out of foster care and students who were adopted after age 16. The maximum ETV award is usually $5,000 a year. In the coming year, however, that amount will be considerably higher:

  • Students who already qualified for ETV in the 2020-21 academic year could be eligible for an additional $2,500 for summer classes, even if they previously reached the $5,000 maximum.
     
  • Students who will attend college in 2021-22 could be eligible for up to $12,000 for the year.

“This is terrific news for former foster youth in Iowa,” said Dr. Mark Wiederspan, executive director of Iowa College Aid, which administers ETV in Iowa. “Last year more than 160 students qualified, and they received an average of over $3,500. With this boost in federal funding, we hope to increase both the number of students we serve and the amounts they receive.”

To qualify for ETV, a student must file the Free Application for Federal Student Aid (FAFSA) and the Iowa Financial Aid Application (IFAA). Students can use ETV funds to pay for tuition, fees, room, board, books, supplies, and personal or living expenses.

Find more information about ETV, along with links to the FAFSA and the Iowa Financial Aid Application, at IowaCollegeAid.gov/ETV.

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