We hope you are having a terrific spring semester. Soon we will send you instructions on how to renew your aid for 2015–2016. Read on for more details.
The College is committed to providing comparable levels of need-based financial aid as long as you complete financial aid applications by the deadline, continue to demonstrate a similar level of “financial need,” and maintain satisfactory academic progress.
Currently enrolled international students and undocumented students do not need to reapply each year. Aid is normally continued at a level similar to the current year.
Each year, the State of Illinois establishes a date by which Illinois residents must submit the FAFSA, to be considered for Illinois MAP Grant funds. For the 2015-2016 academic year, the deadline was February 21. If you are an Illinois resident and your application is submitted on or after February 22 you will be on a “waiting list” for MAP Grant funds. (In recent years, FAFSAs submitted within a week of the deadline have received funds.) While the College will not replace a MAP Grant you may have received, you will still be considered for other need-based aid (college and federal grants, student loans, etc.) if you qualify.
Renew your aid
Step 1: Complete the FAFSA (Free Application for Federal Student Aid)
Step 2: Complete special circumstances form(s) - optional
You may complete the form(s) below if you would like our office to consider your unique situation. Do so only if your cost exceeds any minimum amount shown.
- Educational Expense - $2000; for parent/younger sibling, 7/15 - 6/16
- Educational Loan -$2000; parent repaying loans in 2015
- Healthcare Expense - $3000; expenses paid in 2014 / 2015
- Income Change, parent - a significant change in 2015 vs. 2014
- Income Change, student - a significant change in 2015 vs. 2014
- Second Household - if living in two homes in different cities in 2015
- Unusual Expense - $2000; daycare, funeral, legal, etc. in 2014 / 2015
Satisfactory Academic Progress
Continued eligibility for financial aid is dependent upon maintaining “Satisfactory Academic Progress” (SAP). At the end of every semester you must achieve and maintain a cumulative grade point average (GPA) of a least 2.00 and must complete at least 67% of all classes attempted.
If you do not meet SAP standards you will be placed on “financial aid warning” for one semester, but will continue to receive financial aid. If you do not meet these standards after the semester of warning status, you will be placed on “financial aid suspension” and will not be eligible to receive financial aid until you meet SAP standards.
If extenuating circumstances have kept you from making satisfactory progress, you may appeal your “Financial Aid Suspension.” The appeal must include an academic plan (approved by the advisor) on how you plan to meet this standard within a reasonable time-frame. If you appeal and are granted an extension of the aid, you will be placed on Financial Aid Probation, on a semester-by-semester basis. The appeal form is available from the Office of Financial Aid.
More, detailed information about this policy can be found here.
If you have been notified of “financial aid suspension” complete this Satisfactory Academic Progress Appeal Form.