 "The Monetary Award Program is an essential tool for increasing the
number of Illinoisans with postsecondary credentials and degrees in
order to ensure individual opportunity, meet future work force needs
and foster growth in the state economy," said ISAC Executive
Director Andrew Davis. "Each year, it provides the resources for
over a hundred thousand students to follow their college dreams and
then enter the work force with an excellent education."Although
this year's eligible denied applications are projected to far exceed
last year's total of approximately 120,000 eligible students, the
Illinois Student Assistance Commission encourages students complete
the Free Application for Federal Student Aid, known as FAFSA, in
order to qualify for federal grants and subsidized loans in addition
to possible institutional financial aid.
"Fill out the FAFSA online at FAFSA.gov. It's the fastest,
easiest way to apply for financial aid," continued Davis. "It's not
too late to qualify for federal programs."
Of those denied the state's flagship need-based college financial
aid program thus far, 70.5 percent, or 71,834, selected a community
college as their top choice on the 2010-11 FAFSA, which is the form
used to apply for the state Monetary Award Program and federal
student aid. Just over 13 percent, or 13,698, selected a public
four-year school, and approximately 10.4 percent, or 10,597, chose
an in-state private two-year, four-year, or hospital college. Just
over 5.5 percent, or 5,755, chose proprietary schools.
The Illinois Student Assistance Commission provides further
background information regarding the problem, research and
resources, and weekly updates to MAP grant suspension activity at
the following website:
www.collegezone.com/mapcap.
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The commission provides students of all ages and backgrounds with
the resources and support to obtain financial aid for higher
education. A state agency,
ISAC has paved the path to postsecondary education with
innovative programs for over 50 years. The commission continued its
mission to make college accessible and affordable for Illinois
students by administering over 183,000
grants
and scholarships totaling over $430 million in fiscal 2009
alone.
The commission provides educational funding with student loans
and via numerous programs such as
MAP,
the
Illinois Veteran Grant and the
College
Illinois 529 Prepaid Tuition Program. Students and families have
free access to a wealth of financial aid and college planning
information at
www.knowhow2goillinois.org.
(See PDF listing of
Monetary Award Program applications suspended at Illinois colleges.)
[Text from
Illinois Student
Assistance Commission file received from
the
Illinois Office of
Communication and Information]
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