Iowa State UniversityScholarships & Financial Aid 2026
Based on Common Data Set 2023-2024 figures
Merit-Based Aid
Freshmen Receiving Merit Aid
45%
Average Merit Award
$6,552/yr
Need-Based Grants
Average Need-Based Grant
$11,645/yr
Net Price by Family Income
Average annual cost after grants and scholarships, by household income bracket.
Under $30,000$11,734/yr
$30,001 to $48,000$12,465/yr
$48,001 to $75,000$15,430/yr
$75,001 to $110,000$19,807/yr
Over $110,000$21,827/yr
Frequently Asked Questions
Does Iowa State University offer merit scholarships?
Yes. Based on CDS data, 45% of incoming freshmen receive merit-based awards with an average of $6,552 per year. Merit aid is awarded based on academic achievement and other criteria independent of financial need.
How much financial aid does Iowa State University give?
A significant share of freshmen receive need-based institutional grants averaging $11,645 per year. Award amounts depend on demonstrated financial need as determined by the FAFSA and CSS Profile.