2022-23 Education & Training Voucher Program

(2024) 2022-23 Education & Training Voucher Program. College Student Aid Commission

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Abstract

Funded by the federal government and administered by the Bureau of Iowa College Aid (Iowa College Aid) through a contract with the Iowa Department of Health and Human Services, the Education and Training Voucher (ETV) awards up to $5,000 per year to students who aged out of the state foster care system or were adopted after age 16. Students may qualify for funding for up to five academic years or until they reach age 26, whichever is first. Students can use ETV for tuition/fees, room/board, books/supplies and other personal living expenses. The following analysis utilizes custom data sets from the Free Application for Federal Student Aid (FAFSA), Iowa College Aid Processing System (ICAPS) and National Student Clearinghouse (NSC). We establish first-time, first-year cohorts by identifying applicants who self-report on the FAFSA as first-year students, receive their first ETV award in that same year, and do not have a previous credential (students meeting these criteria are referred to as “first-time recipients”). This report provides the demographic composition and distribution of each cohort and details how ETV recipients progress through postsecondary education.