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Types of Financial Aid Available

There are two main types of financial aid, grant aid and self help aid. Grant aid typically does not need to be repaid by the student. Scholarship funds are also considered grant aid. The student takes responsibility for the self help aid. This would include student subsidized/unsubsidized loans and work opportunities through the federal work study program.

Direct Loan Program - Subsidized & Unsubsidized Loans

Federal PELL Grant

The Federal PELL grant is grant aid and is the foundation for a student’s financial aid package. This grant is available to students with the lowest expected family contributions as determined by the Federal Government when the FAFSA is submitted. This grant is only available to students that have not yet earned a bachelor’s degree. However, this grant is available to students that are enrolled in less than six credit hours at ICC. If you know your EFC and would like to determine your Pell eligibility, please view the Pell table for the appropriate aid year provided in the link below. If you are attending Fall 2013, Spring 2014 and/or Summer 2014 use the link to the 2013-2014 Pell table below.

2013-2014 Pell Table

2014-2015 Pell Table

FSEOG Grant

The Federal Supplemental Education Opportunity Grant is grant aid and is a campus based program. Each participating school is allocated a fixed amount each year from the Federal government in order to supplement the education cost of the institutions’ neediest students. ICC typically awards students $900 for the full academic year or $450 per semester, which is based on full time enrollment (12 credit hours). The award is then prorated based on the actual enrollment level of the student at the time of disbursement. Due to the limited funding, preference for funding is given to full time students first. ICC has implemented a priority deadline for FAFSAs to determine potentially eligible students. Students that submit the FAFSA prior to June 1 of each year may be eligible for FSEOG funds.

Federal Work Study

The Federal Work Study (FWS) program is a need based financial aid program. It allows students to work as part of their financial aid package. Illinois Central College offers jobs on or off campus with a Federal, State or local public agency, or a private nonprofit organization. Illinois Central College does not guarantee job placement when the student is awarded FWS as part of the financial aid package. FWS awards may be reduced or withdrawn if the student receives other assistance or does not begin working within a reasonable amount of time.

Illinois Central College regularly employs students during the academic year and summer months. To be eligible for FWS, you must be awarded FWS as part of your financial aid package and be enrolled at ICC for a minimum of six semester hours for the semester in which you wish to work. FWS employees may work up to 29 hours per week during each semester and a maximum of 40 hours during semester breaks as approved by administrative College staff.

To view a current listing of FWS positions at ICC, please visit the Career Lab located in the Leitch Career Center, Room CC207. Each job listing will include a contact person at ICC for inquiry on the position. If you have any questions about the job listing, please call (309) 694-5321.

All employees are required to present documentation verifying both their identity and employment eligibility. The most commonly used documents are a driver’s license and an original social security card or birth certificate. International students must present the proper immigration documents to show their eligibility to work on campus. To prevent delays in the hiring process, you should take the appropriate verification documents to each interview.

When you obtain a FWS employee position, your verification documents must be submitted to the Human Resources Office and payroll forms must be completed before your begin work.

Earnings are paid on a biweekly basis in accordance with the ICC payment periods. FWS employees are employees of ICC; all ICC employment policies and guidelines also apply to students working under the FWS program.

Illinois MAP grant

Please be aware that due to state funding constraints, reductions to estimated and actual MAP grants for the 2013-2014 academic year are possible.

At Illinois Central College, the Illinois Student Assistance Commission (ISAC) currently awards students in the range of $300 to $1,792 per year. Eligibility for the awards is based on the financial need of the student and/or the family, and awards are determined by ISAC. It is very important to file the FAFSA as soon as possible each year; MAP grants are limited based on the number of applicants and funding levels appropriated by the Illinois General Assembly. Early applicants receive preference for MAP grant funds.

At Illinois Central College, MAP funds are generally received at the end of the academic semester.

MAP awards are for enrollment levels between 3 and 15 credit hours, but the actual disbursement of funds depends upon the number of credit hours in which the student is enrolled. Documentation of attendance may be necessary if you withdraw from class(es). The MAP award does not pay for summer semester and in some instances, may not pay if the student is receiving other scholarships or grants specified for tuition only.

Illinois Central College students are eligible for only 75 credit hours to be paid by the MAP grant during the freshman and sophomore years of study. Credit hours paid at another institution count towards the 75 credit hour rule.

Illinois IIA grant

Illinois Higher Education institutions have been notified by the State of Illinois that based on current 2013-2014 budget estimates there will be no funding for the Illinois IIA grant for the upcoming 2013-2014 academic year.