For first-year applicants, Iowa State lists two main International Merit Scholarship levels in this record: Award of Achievement and Award of Distinction. The Award of Achievement can be USD 5,000 to USD 10,000 per year, up to USD 40,000 total. The Award of Distinction can be USD 2,000 to USD 4,000 per year, up to USD 16,000 total.
For transfer applicants, the award ranges are smaller because the student enters with fewer semesters remaining. The transfer Award of Achievement can be USD 5,000 to USD 8,000 per year, up to USD 20,000 total. The transfer Award of Distinction can be USD 2,000 to USD 4,000 per year, up to USD 10,000 total.
These awards reduce cost, but they do not replace proof of funds for the remaining expenses. Students should calculate annual tuition and fees after the scholarship, then add housing, meals, books, health insurance, travel, visa costs, and personal expenses.