The Illinois Student Assistance Commission (ISAC) provides Illinois residents with student aid options in addition to federal programs.
ISAC Monetary Award Program (MAP) Grant
This state grant is based on need and provides for payment of tuition and mandatory fees only. To qualify, you must meet ISAC Illinois residency criteria. If Illinois is your legal residence, you will automatically apply for MAP when completing your FAFSA. To have your MAP award calculated, you must list a MAP eligible school as one of your six school choices on your FAFSA. ISAC determines specific award amounts.
ISAC Silas Purnell Illinois Incentive Access Grant
This is a state grant provided to college freshman (less than 28 credit hours attempted) students whose Expected Family Contribution is zero, who meet Illinois residency criteria, and who are enrolled at least part-time (six credit hours). This one-time, $500.00 award is disbursed in two installments of $250.00. Illinois residents automatically apply for this grants when completing the FAFSA. Unfortunately, this grant has not been funded for the 2011-2012 school year.
Other Illinois Grants
For more information about state educational funding, please visit www.collegeillinois.org
The federal government offers numerous grants to defray the cost of a college education. Unlike a loan, the money you receive as a grant does not have to be repaid.
Federal Pell Grants
Pell Grants award up to $5,550 per year. The actual amount of your grant will depend on your estimated family contribution (how much you are expected to pay toward your education), your enrollment status (whether you’re full time, part time, or less than part time), and whether you attend school for the full academic year.
If you are ineligible for a Pell Grant, you may qualify for other programs, such as the ISAC Monetary Award Program (MAP) Grant, Federal Work-Study, or a loan programs.
Federal Supplemental Educational Opportunity Grant (FSEOG)
These grants are for students with extreme financial need. Students receiving Federal Pell Grants and who apply for financial aid by the L&C's Financial Aid Office’s priority deadline of June 30, 2011 are given priority. Awards at L&C are $500 per year.