There is no work requirement for holders of university fellowships.
The University of Illinois at Chicago (UIC) is committed to providing access to higher education and minimizing loan debt for all undergraduate students by optimizing the positive impact of university supported grants on student retention and graduation while controlling the campus-based financial aid budget. They are subsidized in that the federal government pays the interest on the loan until repayment begins. In order to be eligible, students (and parents, if dependent) must be Illinois residents, be an undergraduate, have completed the FAFSA before ISAC’s deadline, and meet ISAC’s financial eligibility criteria (generally, having an EFC less than $9,000). Skip to the content of this page, Financial Aid Resources for All Newly Admitted Students Financial Aid Tools. Work-Study Information & Procedures Please note, this is only the case if a GPA was able to be determined based upon the transcript(s) provided to the Office of Admissions and Records (OAR). When completing the FAFSA, it is vital that students consistently report their Name, Social Security Number, and Date of Birth. If students are enrolled in multiple summer sessions, the sum of all their summer enrollments must add up to the minimum 5 credit hours to receive federal financial aid.
Financial aid decisions are made strictly on the basis of merit. If needed, students may print a copy of their award letter themselves. Neither paying for one’s classes nor sitting out a term affects a student’s academic progress standing, so neither is sufficient to reestablish financial aid eligibility. Direct Costs are those the student pays directly to the university and include tuition, fees, and tuition differentials. Financial Aid Shopping Sheet; Scholarships.
The department must receive completed applications by January 15 in order to nominate applicants for a university fellowship. If the Post-withdrawal disbursement includes loan funds, the school must get the student's permission before it can disburse them. Students must be enrolled for at least 6 credit hours to receive a Parent PLUS loan. Once the student’s FAFSA and any additional required documents have been processed, the SFAS is able to award the student financial aid. The department has a limited number of tuition waivers available. Students may appeal their status, if their aid is cancelled and they are pursuing multiple majors or degrees. That is, the student makes scheduled payments to the holder of the loan over a period of time. UIC’s FAFSA school code is 001776. The PDF will include all information unique to this page. They provide a tuition waiver and a stipend equal to $25,000 (as of 2013). TEACH Grant Application for College of Education students. Having problems accessing this site? At the end of each semester, the SFAS identifies all students who did not pass at least one class. All periods of a student's enrollment, whether or not the student received aid, are included in the SAP review. The University of Illinois at Chicago SFAS does not recommed these services and suggests you thoroughly investigate them before submitting any fees to them. Payment for each term is made according to the equivalent number of credit hours eligible for MAP payment, with the minimum being 3 and the maximum being 15. If students feel the need to discuss their situation more in depth, they can make an appointment with their assigned financial aid counselor, which is based on the college in which they are currently enrolled. Ideally, the SFAS will begin to process awards for new incoming students in mid-March. SFAS also cautions against providing banking or credit card information in scholarship applications or acceptance agreements. In this section, the major federal, state, and institutional financial aid programs at UIC are listed. If at any time the standards are not maintained, the student’s aid will be cancelled. The FAFSA is available on October 1 each year - UIC’s priority filing deadline is February 15. To be eligible for a Federal Direct Stafford loan, students must be enrolled at least 6 hours. The committee’s decision is final. Completing the application online reduces processing time and errors.
If the financial aid disbursed is greater than the total student account balance, Student Accounts Receivable will issue a refund to the student. For the 2019–2020 academic year, the estimated Federal Pell eligible EFC range is between $0 and $5,576, but is still subject to change at this time. Once the student has completed more than 60% of the payment period or period of enrollment, the student earns all the assistance scheduled to be received for that period. Any financial aid offers made by the Economics Department will be reported to the Admissions Office for inclusion in the financial statement. Keep in mind that most information is available via the financial aid website.
During office hours, professional staff are available in the reception area to answer questions. The primary source of support for graduate students is teaching and research assistantships. Be making Satisfactory Academic Progress. For most aid types a prorated return is required.
Dependency status for financial aid is not based on whether or not a student lives with a parent; whether or not a student is financially self-supportive; or whether or not parents claim a student as a dependent on their taxes. FAFSAs are available on October 1 of each year (for classes beginning the following August). Notice of Availability of Institutional and Financial Aid Information Contact Information for Assistance in Obtaining Institutional or Financial Aid Information ... Eyebrow menu. Staff will make every attempt to respond to inquiries within 24–48 hours. Federal and state regulations require financial aid recipients to maintain Satisfactory Academic Progress (SAP) towards a recognized degree or certificate. The PLUS Loan is an unsubsidized loan, meaning the borrower will be charged interest from the time the loan is disbursed until it is paid in full. The Teacher Education Assistance for College and Higher Education (TEACH) Grant program provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low income families. Funds are limited and once the budgeted funds have been committed, no additional awards will be made regardless of the situation. The same documents that a first-time freshman or transfer student submits for admission to UIC are reviewed by UIC admissions and the student's college of study for scholarship consideration.
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