Feigenholtz Encourages College-Bound Students to Apply Early for Financial Aid
CHICAGO – State Rep. Sara Feigenholtz, D-Chicago, is reminding college-bound students and their parents that the application periods for the Free Application for Federal Student Aid (FAFSA) and Illinois Monetary Assistance Program (MAP) for the 2014-2015 school year are now open.
“Students should complete their FAFSA and MAP applications as soon as possible, because state aid is only available until the allotted funding runs out,” said Feigenholtz. “With more families depending on financial aid to send their children to college, it is more important than ever to fill out these applications correctly and in a timely manner.”
FAFSA and MAP are designed to help working families and are based entirely on a family’s ability to pay for college tuition.
Completion of a FAFSA application determines student eligibility for the Pell Grant, federal student loans, college work-study, and other federal student aid programs. The application can be completed online at www.fafsa.ed.gov. Students attending colleges outside of Illinois should check the FAFSA website for alternative application deadlines in that school’s state.
Students attending college in Illinois may be eligible for need-based grants for tuition and fees through MAP. Eligibility is determined by the completed FAFSA application and the final grant amount is calculated using the family’s financial need, the school’s tuition and fees, credit hours and other factors.
For more information on FAFSA, MAP grants, and other financial aid options for students, please visit the Illinois Student Assistance Commission (ISAC) website at www.isac.org.