Financial Aid Sources

Financial Aid Sources

Federal Pell Grant
Who is Eligible? Value & Duration When & How to Apply
Undergraduate students who demonstrate financial need. Eligibility is based on the expected family financial contribution, the cost of college attendance, and the amount of funds available. Varies with the student's financial need and enrollment status. Awards made for one year; renewable while there is financial need for 12 full-time semesters or until receipt of first bachelor's degree, whichever comes first. The 2015-16 maximum grant at Kishwaukee is $5,775 annually for full-time students. Complete Free Application for Federal Student Aid (FAFSA). For additional information visit ISAC's website. Complete Kishwaukee College Financial Aid Application and satisfactory academic progress statement. Apply by July 1st for priority consideration. Application must be submitted prior to the last day of the semester to qualify. Application turn around is usually 4-6 weeks after initial submission.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Who is Eligible? Value & Duration When & How to Apply
Undergraduate students with financial need who attend at least half-time. $500 per year; varies with the student's financial need and fund availability. Awards made for one year; renewable while there is financial need or until receipt of first bachelor's degree, whichever comes first. Complete Free Application for Federal Student Aid (FAFSA). For additional information visit ISAC's website. Complete Kishwaukee College Financial Aid Application and satisfactory academic progress statement. Apply by July 1st for priority consideration. Application must be submitted prior to the last day of the semester to qualify. Application turn around is usually 4-6 weeks after initial submission. Funds usually not available for new spring applicants.
Federal Work-Study Program (FWS)
Who is Eligible? Value & Duration When & How to Apply
Undergraduate and graduate students who are at least half-time and who demonstrate financial need. Students apply for on-campus jobs related to their experience, interests, goals, and job availability. Minimum wage is paid. Complete Free Application for Federal Student Aid (FAFSA). For additional information visit ISAC's website. Complete Kishwaukee College Financial Aid Application and satisfactory academic progress statement. Apply by July 1st for priority consideration. Application must be submitted prior to the last day of the semester to qualify. Application turn around is usually 4-6 weeks after initial submission. Most Federal Work-Study positions are filled within the first two weeks of the semester. Visit the Federal Work-Study webpage for a list of available positions.
Illinois Student Assistance Commission (ISAC) Monetary Award (MAP)(State)
Who is Eligible? Value & Duration When & How to Apply
Undergraduate students who are enrolled for a minimum of 3 credits hours per term, who are Illinois residents and who demonstrate financial need, who have not used more than 75 MAP paid credit hours while enrolled at the Freshman or Sophomore Level. Tuition and mandatory fees; renewable for up to 75 MAP paid credit hours for the Freshman or Sophomore level and 135 MAP paid credit hours for the Junior and Senior level with continued financial need. Complete Free Application for Federal Student Aid (FAFSA). For additional information visit ISAC's website.
Federal Direct Stafford Loan Program
Who is Eligible? Value & Duration When & How to Apply
Half and full-time students who demonstrate financial need. $200-$10,500 based on academic classification and financial need. Undergraduate dependent lifetime limit of $23,000. Undergraduate independent lifetime limit of $57,500. Subsidized and/or Unsubsidized loans are available based on financial need. Interest rate for Subsidized loans is 0% in school and 4.29% fixed after leaving school. Interest rate for Unsubsidized loans is 4.29% fixed both in and out of school. Repayment begins 6 months after student leaves school. Loans are made for a semester or academic year. Complete Free Application for Federal Student Aid (FAFSA). For additional information visit ISAC's website. Complete Kishwaukee College Financial Aid Application and satisfactory academic progress statement. Apply by July 1st for priority consideration. Application must be submitted prior to the last day of the semester to qualify. Application turn around is usually 4-6 weeks after initial submission. Official academic transcripts from all previous colleges are required. Loan application is available at the Financial Aid Office. Students must also complete Entrance Counseling and a Master Promissory Note at StudentLoans.gov prior to receiving student loans.
Kishwaukee College Academic Achievement Award (Local)

Please scholarships webpage for information.

Federal Veteran's Benefits and Benefits for Dependents and Spouses of Veterans

For more information on benefits for Veterans, Military members, and spouses/dependents of Veterans, please visit our Veteran's Services and Programs page.

More information can also be found on the Veteran's Administration website.

Illinois Veteran Grant (IVG) (State)
Who is Eligible? Value & Duration When & How to Apply
Veterans who were Illinois residents when entering military service, who have served at least one year of active duty, and who returned to Illinois within six months from the date of honorable discharge. Tuition and mandatory fees. Usage is determined by a point system, maximum points available are 120. It does not cover GED coursework. Qualified applicants must notify the financial aid office of their eligibility status as soon as possible, but not later than the last scheduled day of classes for the term for which the grant is requested. Applications are available  online from ISAC's website. A copy of the veteran's DD214 form is required with the application. Application turn around is 4-6 weeks.
Illinois National Guard Grant Program (ING) (State)
Who is Eligible? Value & Duration When & How to Apply
Students who have served for at least one year in the Illinois National Guard or Naval Militia and who continue to be a member of the Guard or Militia while enrolled. Tuition and mandatory fees for eight semesters of either full-time or part-time study. It does not cover GED coursework or non-credit courses. Illinois National Guard Grant Application. Application turnaround is approx. 4-6 weeks.