Teaching and research assistantships are available to qualified applicants. Teaching assistantships are usually in the Department of Mathematics and involve tutoring in the Mathematics Laboratory, grading homework and quizzes, teaching discussion sections for lecture courses, teaching sections of precalculus and calculus courses, and teaching discussion sections of advanced courses. These teaching experiences are valuable training and improve the student's communications skills. Some students conduct research on projects with faculty members through research assistantships.
During the 2015-2016 academic year, the teaching and research assistantships pay about $\$$18,264 to $\$$19,133 for 20 hours of work per week. Graduate students with assistantships receive tuition scholarships covering full-time tuition (based on greater than 9 s.h. per semester). Outstanding applicants are nominated to the Graduate College for Graduate College Iowa Fellowships which provides a stipend supplement at $\$$2,000 per year for up to five years and fellowship support for up to four summer terms at $\$$4,000 per summer. Summer teaching, research assistantships, and fellowships are also available. Fellowships for minority students also are available through the GAANN and Sloan programs, which are committed to increasing the diversity of the students at Iowa.
Most financial support starts in the Fall Semester, which begins in late August. Financial support is sometimes available starting in the Spring Semester, which begins in mid-January. For full consideration, applications for fall semester admission should be completed by January 15. Financial support is offered to the most qualified applicants during February, March, and April. Most students admitted to the program are offered financial aid. Financial aid is renewed each year to those students who make good progress toward their degree.