Iona University Scholarships for International Students: A Comprehensive Guide
Pursuing higher education in the United States can be a transformative experience for international students. Iona University, a small, private university in the New York City metro area, is committed to making this dream accessible through a variety of scholarships and financial aid options. This article provides a detailed overview of the scholarships available to international students at Iona University, along with information on tuition costs, financial aid application procedures, and other funding opportunities.
Understanding the Cost of Attendance at Iona University
Before exploring scholarship opportunities, it's essential to understand the overall cost of attending Iona University. For international students, tuition is a significant expense, and Iona University's tuition is $48,680, which is more expensive compared to the national average cost of tuition of $46,950. This "sticker price" includes both tuition and fees, which support various campus services such as library access, gym facilities, student centers, technology resources, and health centers.
However, the total cost of attendance goes beyond tuition and fees. It includes the cost of food and housing, books and supplies, transportation, and personal expenses. At Iona University, the total cost is $68,930.
Financial Aid at Iona University: Making Education Affordable
Iona University recognizes that a college education is a major investment, and the university strives to make it accessible and affordable for all students, including international students. Ninety-nine percent of first-year students receive scholarships and/or financial aid to help make their education more affordable. Additionally, graduate students automatically qualify for consideration of merit scholarships during their graduate program.
Types of Financial Aid Available
Iona University offers a range of financial aid options to help students finance their education. These options include:
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- Scholarships: These are financial awards based on student achievement and/or financial need, and they do not need to be paid back.
- Grants: Like scholarships, grants are awards based on financial need and do not need to be repaid. They are awarded by Iona University, as well as state and federal governments.
- Loans: Loans from the federal government and other sources can help you pay for your Iona University education. Unlike scholarships and grants, loans must be repaid.
Need-Based vs. Merit-Based Aid
Financial aid can be broadly classified into two categories: need-based and merit-based.
- Need-based aid takes a student’s financial status into account. In fall 2023, 78% of first-year students received need-based financial aid. The average need-based scholarship or grant awarded to first-year students at Iona University was $8,320. Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $3,666.
- Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Iona University - excluding any athletic scholarships, if applicable - was $27,158.
Iona University met 72% of its students’ financial aid need.
Student Loan Debt
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate. At Iona University, the median federal loan debt among borrowers who completed their undergraduate degree is $25,999. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $276. Additionally, 18% of graduating students at Iona University took out private loans. Students with private loans had an average of $47,550 in private loan debt at graduation. The average total indebtedness of the 2024 graduating class was $33,593, with 67% of graduating students having borrowed any loan type.
Iona University Scholarships
Iona University offers a variety of scholarships to support undergraduate students. Some scholarships consider financial need, while others recognize academic or athletic achievement.
Endowed Scholarships
Iona University offers a variety of endowed scholarships, each with its own specific criteria and purpose. These scholarships are made possible by the generosity of alumni, faculty, staff, and friends of the university. Here are some examples of endowed scholarships available at Iona University:
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The DeFeo Family Endowed Scholarship: Established by Iona University Trustee Ron DeFeo ’74,’13H and Andrea DeFeo in 2004, this scholarship aims to advance the academic careers of undergraduate students who are selected based on academic quality, demonstrated leadership ability, and a commitment to excellence.
The Ripp Family ’68 Endowed Scholarship: Established in 2015 by Peter J. Ripp ’68 to provide financial assistance to undergraduate students at Iona University.
The Mario J. Gabelli Endowed Professorship in Finance: Established in 2022, this professorship supports a faculty member in the LaPenta School of Business who specializes in teaching and scholarship in the field of finance.
The Charles Patrick McCarthy Scholarship: Created in 2023 to support students in Iona University’s study abroad program in Ireland.
The Richard P. ’66 and Maureen A. Biondi Endowed Scholarship: Established by Richard ’66 and Maureen Biondi in 2005, this scholarship assists students who show an interest in serving others through activities including volunteerism, mentoring, and community service.
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The James T. ’62, ’90H and Francine G. Brady Endowed Scholarship: Established in 2012, this scholarship assists undergraduate students at Iona University.
The Mario Bonavita and Family Endowed Scholarship: Established in 2016 to assist undergraduate students at Iona University.
The Paul Bijou ’73 Endowed Scholarship: Established in 2004, this scholarship supports business students at Iona University who demonstrate leadership ability.
The Iona University Alumni Association Board Scholarship: Established in 1999 by the Iona University Alumni Association Board, the scholarship supports legacy students at Iona University.
The Richard J. Armitage ’65 endowed scholarship: Established in 2018, provides financial assistance to undergraduate students at Iona University.
The Louis F. Avitabile '84 Endowed Scholarship: Established in 1992 to assist Iona University juniors and seniors majoring in accounting.
The Michael and Lillian Bruno Endowed Scholarship: Established in 2001, this scholarship supports student-athletes at Iona University.
The Dominick J. Carbone Endowed Scholarship: Established in 1980 to support Iona University seniors who are majoring in business.
The John A. Clear Jr. ’63 Endowed Scholarship: Established in 2015 to provide financial assistance to undergraduate students at Iona University.
The Richard ’56 and Barbara Close Endowed Scholarship: Established in 2019, this scholarship assists students majoring in math, physics, or computer science.
The James '71, '73MBA and Linda Colucci Endowed Scholarship: Established in 2016, this scholarship supports undergraduate students at Iona University.
The Con Edison STEM Endowed Scholarship: Established in 2016 as part of Con Edison’s program to honor students with outstanding academic achievements, this scholarship supports undergraduate students at Iona University who are majoring in the fields of science, technology, engineering, and mathematics.
The Frances and Frank Conese Endowed Scholarship: Established in 2003 to support business students at Iona University.
The Arthur Crames Endowed Scholarship: Established in 1984, this scholarship assists Iona University students who are children of New York City police, firefighters, and New York State troopers.
The Richard and Maureen Cummins Endowed Science Scholarship: Established in 2013, this scholarship supports high-achieving Iona University students majoring in physics or mathematics.
The Br. Joseph A. Cussen ’57 Endowed Scholarship: Established 2017 to assist undergraduate students at Iona University.
The Christian Brothers Endowed Scholarship Fund: Established in 2017 to assist undergraduate students at Iona University.
The Christine and Patrick Daly Endowed Scholarship: Established in 2016 to support undergraduate students at Iona.
The Kathleen McCarthy Daly '75 and Martin Daly '74 Endowed Scholarship: Established in 2020, this scholarship assists undergraduate students at Iona University. Preference is given to students who attended the Academy of Mt. St. Ursula, Bronx, New York.
The Henry P. Dart Jr. '47 Endowment for Excellence: Established in 2014, this endowment supports undergraduate students at Iona University.
The Jane & Clement J. DeMasi, M.D., '57 Endowed Scholarship: Established in 2015, this scholarship assists undergraduate students at Iona University with preference given to students pursuing a pre-medical course of study.
The Herman & Henrietta Denzler Endowed Scholarship: Established in 2009, this scholarship supports Iona University students who are majoring in accounting.
The Joseph J. DePaolo '81 Endowed Leadership Award: Established in 2016, this award supports Iona University junior and senior student-athletes who demonstrate academic excellence and strong moral leadership.
The Kenneth Dolan Endowed Scholarship: Established in 1992, this scholarship is supported by the Annual Kenneth Dolan Memorial Run and assists freshmen students from Brooklyn, New York.
The Charlotte G. Dolecki, M.D. Endowed Scholarship: This scholarship supports undergraduate students at Iona University who are science or health sciences majors and was established in 2020.
The John F. English '53 Endowed Scholarship: This scholarship supports undergraduate students from Nassau and Suffolk Counties, New York, who are majoring in government or political science at Iona University and was established in 1988.
The Beatrice and John Flaherty Endowed Scholarship: Established in 2021, this scholarship assists undergraduate students at Iona University.
The Patrick J. Foley Endowed Scholarship: Established in 1987, this scholarship supports senior Iona University students majoring in history or political science.
The Kevin J. Flood Endowed Scholarship: Established in 2021, this scholarship assists undergraduate students at Iona University.
The Romeo Petronio Memorial Endowed Scholarship: This scholarship assists undergraduate students at Iona University. Romeo Petronio served as a member of the Iona Board of Trustees.
The John P. Gill '56 Endowed Scholarship Fund: Established in 1989, this fund assists undergraduate students at Iona University who are majoring in business.
The James P. & Ruth C. Gillroy Foundation Scholarship: This scholarship assists Iona University undergraduate students who reside in the five boroughs of New York City.
The Gilmartin Family Endowed Scholarship: Established in 2020, this scholarship supports undergraduate students at Iona University.
The Golden Jubilarian Endowed Scholarship: This scholarship enables Iona University to support deserving students who embody the true Gael spirit through their academic excellence, campus involvement, and leadership.
The Gerard A. '54 & Marie '82MBA Hageney Endowed Scholarship: Established in 2015, this scholarship assists undergraduate students at Iona University with a preference given to students majoring in chemistry or business administration.
The Sarita Hart, CPA Memorial Endowed Scholarship: This scholarship provides assistance to students enrolled in Iona University’s MBA program and was established in 2017.
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