For National Merit finalists who designate the University of Iowa as their first-choice institution.
For National Hispanic Scholars who enroll at Iowa.

Value: 

$3,000 a year for up to four years

Renewal: 

Up to four years, or until you receive your bachelor’s degree (whichever comes first), provided you maintain continuous full-time enrollment at the University of Iowa (fall and spring terms), and meet the scholarships standards for renewal. National Merit Scholars must meet the National Merit Corporation standards for renewal. National Hispanic scholars must maintain a 3.00 cumulative UI GPA. Renewal reviews are done at the end of each semester.