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IECC - Illinois Eastern Community Colleges
 



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Federal Grants and Loans
Also See.... Financial Aid Section for additional details

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This grant is designed to provide the foundation for all financial aid that is awarded on a need basis. Students apply by sending a completed Free Application for Federal Student Aid (FAFSA) form to the federal government. The amount awarded, determined by the college's financial aid officer, is based on the student's need, eligibility, enrollment status, and length of enrollment. A student must be enrolled in an eligible degree or certificate program to qualify.

spacer Federal Supplemental Educational Opportunity Grant (FSEOG)
The purpose of this grant is to provide additional aid to students who exhibit exceptional financial need. To become eligible, the student must file the Free Application for Federal Student Aid (FAFSA) form and have a valid Student Aid Report (SAR) on file indicating eligibility for a Federal Pell Grant.

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These loans are available and must be repaid through participating banks, credit unions, and savings and loan institutions. Repayment begins six months after graduation or termination of enrollment. Loans are based on need and other eligibility requirements. The loan may not be more than the educational expenses, less financial aid, less family contributions. Application deadlines are November 1 and April 1.

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The Federal Parent's Loan for Undergraduate Students (FPLUS) is available for parents who wish to borrow to help pay for their children's education. Federal PLUS borrowers obtain these loans through local lending institutions and do not have to demonstrate need.

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This low-interest, non-need-based loan is available to students who are enrolled in an eligible program. Students are expected to make quarterly interest payments while in school.

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Students may also borrow through the Federal Perkins Loan Program. Repayments begin nine months after the student ceases to be enrolled on at least a half-time basis. This loan is available as funding permits.

spacer Veterans' Programs for veterans who wish to use their Educational Assistance Allowance (GI Bill)

Contact the college Financial Aid Office for more information on loans, grants, or work study. Student eligibility will be determined by the guidelines on the FAFSA.

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