Illinois Financial Package
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How to fill out Financial Package?
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FAQ
A waiver provision is possible and allows a parent, guardian, or the student - if 18 or emancipated - to opt out for any reason by completing the appropriate form.
A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The school's financial aid staff combines various forms of aid into a "package" to help meet a student's education costs.
State law requires all Illinois public high school seniors to complete either the Free Application for Federal Student Aid (FAFSA®) or the Alternative Application for Illinois Financial Aid (Alternative Application) as a prerequisite to receiving a high school diploma.
Illinois Commitment is a financial aid package that provides scholarships and grants to cover tuition and campus fees for students who are Illinois residents and have a family income of $67,100 or less.
If you don't complete the FAFSA, you won't be able to receive federal financial aid.
Eligibility You must complete a Free Application for Federal Student Aid (FAFSA). You must be a U.S. citizen or eligible non-citizen. ... You must have a High School Diploma or General Education Development (GED) High School Equivalency Diploma. You must be working toward a degree or certificate.
Illinois requires all public high school seniors to complete the Free Application for Federal Student Aid (FAFSA) or, if applicable, the Alternative Application for Illinois Financial Aid as a graduation requirement (Illinois School Code 105 ILCS 5/22-87, Sec.
As mentioned above, it is not required across the board, but there are circumstances when you do NEED to complete the form: If you want to receive the Federal Direct Student Loan. Anyone can receive this loan regardless of financial position BUT you must complete the FAFSA in order to do so.