Financial Aid for Returning Students
We hope you have a terrific spring semester. We have sent instructions on how to renew your aid for 2016–2017. 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.
The date has not been set for the 2016-2017 academic year, but we believe that, considering the number of eligible applicants and the state of Illinois economically, applications submitted before February 8 will be considered for the MAP Grant if you qualify. A MAP Grant is always in addition to other grants and scholarships you already receive.
Note that the College cannot replace a MAP Grant with other funds if you miss the deadline.
Renew your aid
Step 1: Complete the FAFSA
(Free Application for Federal Student Aid)
Step 2: Complete special circumstances form(s)
Please complete any applicable form(s) only if your cost exceeds the minimum amount shown. Completed forms can be returned to us by email (save as .pdf if possible), fax or regular mail.
- Educational Expenses - parent paying $2000+ for him/herself or your younger sibling during 2016-2017 academic year
- Educational Loans - parent paying $2000+ toward loans in 2016 for which they are the borrower
- Healthcare Expenses - parent paying $3000+ in 2015 or 2016, which are not paid with “pre-tax” dollars
- Income Change for parent - parent experiencing a significant change in 2016 vs. 2015
- Income Change for student - student experiencing a significant change in 2016 vs. 2015
- Second Household Expenses - parents married, but living in different homes in different cities
- Unusual Expenses - parent paying $2000+ for daycare, funeral, legal, etc. in 2015 or 2016
What Happens Next?
After we review your FAFSA, we will notify you of other required documents. Shortly after the spring semester grades are known, we will also review your “satisfactory academic progress” status (see below) and - if you continue to be eligible - prepare your financial aid award letter for the 2016-2017 academic year. The award letter is sent only by email, with one copy to you and one copy to your parent.
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 the appropriate Financial Aid SAP Appeal Form 2015-2016 2016-2017