Iowa Families to Win Cash for Educational Expenses

Iowa high school seniors, or their parents or guardians, can enter a drawing for ten $1,000 awards by completing a free online tool that helps them estimate the total cost of a four-year undergraduate degree.

Eligible participants may enter their information for the drawing after completing the College Funding Forecaster March 18�April 30. The free online tool provided by Iowa Student Loan� uses information from students� freshman year financial aid award packets, as well outside scholarships and grants and family savings and earnings, to project estimated costs, funding gaps and potential student loan debt over four years.

�Families are often surprised by the changes in college costs over time or don�t consider the entire cost of a college education when finalizing their choices,� said Steve McCullough, president and CEO of Iowa Student Loan. �This tool helps by demonstrating estimated cost increases, changes in financial aid and scholarships, and student and family earnings and savings.�

The tool allows families to customize both expenses and available funding to adjust results for changes in students� situations over the four years. The results show yearly and total estimated costs of attendance, available funding and projected funding gaps. The tool also provides informational tips on how to reduce costs and potential debt.

After viewing their results, users have the opportunity to enter the drawing. Student names will be drawn in May to win one of ten $1,000 awards for 2019�2020 college expenses. The awards will be paid directly to the students� colleges this fall.

For details and complete rules for the giveaway, visit www.IowaStudentLoan.org/Giveaway.

To begin the College Funding Forecaster and enter the giveaway, go towww.IowaStudentLoan.org/Forecaster. Questions should be emailed toscholarship@studentloan.org.

Additional Resources Available

Iowa Student Loan also has additional resources for families planning for college and for students who intend to pursue advanced degrees. The Parent Handbook consists of valuable tips to help families of students in sixth through 12th grades prepare for success in college and other postsecondary options. The Grad Degree Gauge encourages students to make informed decisions about borrowing levels and their ability to repay new student loan debt when considering the pursuit of an advanced degree. Both tools are available free atwww.IowaStudentLoan.org/SmartBorrowing.

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