Course Descripons - The Art Institutes

Administra� ve & Financial Services
Federal Financial Aid Programs
The Illinois Ins� tute of Art par� cipates in the following programs:
Federal Pell Grant
To be eligible for a Federal Pell Grant, students must have a fi nancial need, make applica� on, prove U.S. ci� zenship or
permanent resident status, be able to show gradua� on from high school or its equivalency, not owe a refund on a federal
grant nor be in default on a federal loan, and maintain sa� sfactory academic progress in school. They also must have need
according to a federal formula.
Federal Supplemental Educa� onal Opportunity Grants
Federal Supplemental Educa� onal Opportunity Grants (FSEOG) are for students who demonstrate excep� onal fi nancial need
(with priority given to Pell Grant recipients). FSEOG does not have to be repaid, but there is a limited amount of funds available.
Federal Subsidized Staff ord Loan/Federal Unsubsidized Staff ord loan
The Federal Staff ord Loan is a fi xed-rate low interest loan available to students through the Direct Lending program. To be
eligible, the student must be a ci� zen or permanent resident alien of the United States and meet other eligibility requirements.
Subsidized Staff ord loans are need based, and the government pays the interest on these loans while students are in
school, during a six-month grace period immediately preceding repayment, and during authorized deferment. Unsubsidized
Staff ord loans are not need based. The student is responsible for all of the interest that accrues on the loan, including while
the student is in school.
Parent PLUS loan
The federally sponsored Parent PLUS loan is a low interest fi xed-rate loan for parents of undergraduate, dependent students.
With a Parent PLUS loan, families can fund the en� re cost of a child’s educa� on (less other fi nancial aid). Flexible
repayment op� ons are available and repayment can be postponed for up to 60 months including while the dependent child
is in school.
Federal Work-Study
Through the Federal Work-Study program, students have the opportunity to meet part of their expenses by working part
� me on or off campus. A limited number of assignments are available with priority given to students with the greatest need.
Our Student Financial Services department has more details. The maximum students can earn through this program is the
amount of their unmet need (the diff erence between expenses and all their resources). For a more complete descrip� on
of federal aid programs, please ask for The Art Ins� tutes Complete Guide to Financial Aid or go to www.FederalStudentAid.
ed.gov. State of Illinois Financial Aid Programs at The Illinois Ins� tute of Art is an Illinois Student Assistance Commission
(ISAC) approved Illinois program. The Illinois Ins� tute of Art par� cipates in the following programs:
MAP Grant
Students a� ending The Illinois Ins� tute of Art who are considered to be Illinois residents are eligible to apply for MAP (Monetary
Award Program) grants from the State of Illinois. To apply for the grant, students must complete a FAFSA. Awards are
given based on fi nancial need. The awards are provided by the Illinois Student Assistance Commission. Deadlines vary from
year to year depending on funding levels. Students are encouraged to fi le their FAFSA early for all state funded programs.
Silas Purnell Illinois Incen� ve for Access (IIA) Program
If a student is an Illinois resident and the informa� on provided on the Free Applica� on for Federal Student Aid (FAFSA) results
in a calculated zero expected family contribu� on as a college freshman, that student may be eligible to receive the Silas
Purnell Illinois Incen� ve for Access (IIA) Program grant for up to $500.
112 Financial Services