Parents should try and claim capital gains on investments at least two years before their student begins college. These gains are treated as income, and can significantly reduce aid eligibility.
Grants are typically a student's favorite form of financial aid for one important reason. They don't need to be repaid! You may be eligible for the following federal and state grants, depending on financial need.
|LEWIS GRANT PROGRAM
|Lasallian Grant||Awards vary||An institutional grant awarded to students in traditional undergraduate programs. Institutional deadlines may apply.|
|FEDERAL GRANT PROGRAM||YEARLY AWARDS||CRITERIA|
|Federal Pell Grant||$602 to $5,730||A federal grant based on need as determined by the FAFSA.|
|Federal SEOG||up to $1,750||A federal grant awarded by the institution to students with a zero EFC that meet the March 1 deadline.|
|STATE GRANT PROGRAM||YEARLY AWARDS||CRITERIA|
|Illinois Monetary Award
Program (MAP Grant)
|$450 to $4,720||
A need-based state grant to students who are residents of Illinois.
The state of Illinois deadline changes each year, please check with the university for the current year deadline
Complete your FAFSA today to start applying for these grants!