Financial Aid

  • Munoz encourages students affected by pandemic to review financial aid

    munoz 013019CHICAGO – State Senator Tony Munoz (D-Chicago) is encouraging students affected by the COVID-19 pandemic to seek financial aid adjustments if needed and take advantage of free financial aid consultation from the Illinois Student Assistance Commission.

    “This pandemic has had a significant impact on college students throughout the state, and many of them may now be facing questions about how they can afford to continue their education,” Munoz said. “It’s critical that we provide them with resources to guide them through the process of adjusting their financial aid.”

    As students prepare to return to colleges and universities in the fall, many of them are facing new financial challenges due to the pandemic. Students and their families can seek an adjustment to their financial aid offers based on their new financial situation. Students in need of additional aid should contact the financial aid offices at their colleges and universities. ISAC is available to help guide them through the process.

    ISAC also provides free assistance to these students as they complete the Free Application for Federal Student Aid or the recently launched Alternative Application for Illinois Financial aid, which provides financial aid to undocumented and transgender students. 

    These resources can be accessed both online and through the ISAC College Q&A program, a free text resources for students seeking answers to financial aid questions. Assistance is available in both English and Spanish. 

    “Every student’s situation is different, and these resources allow them to work with ISAC to ensure they receive the financial aid package that best suits them,” Munoz said. “I encourage all students and families who have been impacted by the pandemic to take advantage of them.”

    For additional information about financial aid and returning to campus during the COVID-19 pandemic, visit https://www.isac.org/covid-19/

  • McGuire unveils bipartisan plan to make college “more certain and more affordable”

    Sen. Pat McGuire

    SPRINGFIELD — The bicameral, bipartisan Higher Education Working Group chaired by State Senator Pat McGuire today announced a series of measures to help Illinois residents afford college and attain degrees.

    Two financial aid proposals highlight the package. House Bill 5020 will help students access four years of Monetary Award Program grants, giving students and their families assurance that a MAP grant won’t be “one and done.” Senate Bill 2927 incentivizes Illinois’ public universities to provide more scholarships using Institutional Matching, a new $25 million state fund. These scholarships will be available to families with annual incomes of up to $150,000 for a family of four.

    Other proposals developed by the six Democrats and six Republicans comprising the working group assist students transferring from community colleges to public universities and provide regulatory relief to Illinois’s 12 public university campuses.

    “This legislative package shows what happens when both parties work together toward a common goal,” McGuire said. “We want to make earning a community college or university degree in Illinois more certain and more affordable.”

    Details on the full slate of proposals can be found here.

  • Martinez plan gives undocumented students a fair shot to afford college

    martinez 42016Undocumented students in Illinois are currently ineligible to receive state-based financial aid.

    Today, Majority Caucus Whip Iris Y. Martinez (D-Chicago) passed a plan out of the Illinois Senate that would ensure that changes.

    Under legislation sponsored by Martinez, known as the “Student Access Bill,” undocumented students meeting the conditions necessary to be deemed Illinois residents for tuition purposes would be eligible to access state-based financial aid at Illinois’ four-year public universities.

  • A second chance for students … Senate to deliver MAP plan to Gov. Rauner

    map grant mrSPRINGFIELD --Today, the Illinois Senate will deliverSenate Bill 2043 to the governor’s office. A news conference regarding the delivery of the legislation is scheduled for 1 p.m. in the Capitol media briefing room.

    That legislation provides the governor with the spending authority needed to honor his administration’s commitment to students regarding the Monetary Award Program (MAP) financial aid grants.

    Even as the Senate was giving final approval to SB 2043 on Jan. 28,  Gov. Bruce Rauner threatened to veto the legislation just as he had in June. In response, Senate President JohnCullerton announced the Senate would hold the legislation for a couple weeks in the hope the governor would reconsider.

  • Senate Democrats to push through MAP grant appropriation

    map grant mrSPRINGFIELD - In an effort to break the impasse over funding for financial aid for qualified college students, Illinois Senate Democrats announced Friday they intend to take up a student aid budget next week.

    “The longer the state goes without funding MAP grants, the greater damage to Illinois students, families, colleges and universities. Governor Rauner is risking the economic future of hundreds of thousands of Illinoisans who want to improve themselves and our state,” said Senator Pat McGuire, chairman of the Senate Higher Education Committee.

    More than 100,000 students return to campuses across Illinois in the coming weeks who rely on the state's Monetary Award Program to afford higher education.