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Financial Aid Award Notice

Once you have submitted all forms and your file has been processed, you will receive an Award Notice like the one shown below.  This notice lists the Cost of Attendance, the Disbursement Dates, and the funds that you have been awarded along with the dollar amounts based on full-time enrollment status.  If you are less-than-full-time, your actual disbursement amounts will be adjusted accordingly.
Award Notice

Defining the terms on your Award Notice:

Cost of Attendance (COA) - the estimated amount it will cost for you to go to college for one year. This is not your bill or what you owe the college.The COA on your notice includes tuition and fees based on an average course load of 19 credit hours, housing and food allowance (room and board), as well as allowances for books and supplies, personal expenses, transportation, and dependent care when applicable. The COA reflected on your award notice will be for the semesters you have been awarded aid. The sample above reflects a Fall/Spring/Summer budget.

Disbursement - the processing of financial aid to your student account. The financial aid office will process award payments based on the disbursement schedule published on your award notice. Click here for more information. 

Federal Pell Grant - federal need-based financial aid that does not have to be re-paid.  Click here for more information.

Federal SEOG - federal need-based financial aid that does not have to be re-paid and offered on a first-come, first-serve basis to students with the greatest need. Click here for more information.

Federal Work Study - a federally-funded employment program through which you earn money to help pay for school. Click here for more information.

State of IL MAP Grant (Est) - state grant monies offered to Illinois residents who attend an approved Illinois college and demonstrate financial need. Click here for more information.

Federal Direct Sub Loan - federal loan available to students who demonstrate financial need. Click here for more information.

Federal Direct Unsub Loan - federal loan available to students who may or may not demonstrate financial need.  Click here for more information.

Click here for information on tracking your federal grant and loan balances.

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