Copyright & Disclaimer Information - Illinois Institute of Technology

Illinois Institute of Technology
Illinois Student Assistance Commission (ISAC) Financial Aid Programs
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Copyright & Disclaimer Information: Copyright © 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007. CollegeSource®, Inc. and Career Guidance Foundation. CollegeSource® digital catalogs are derivative works owned and copyrighted by CollegeSource®, Inc. and Career Guidance Foundation. Catalog content is owned and copyrighted by the appropriate school. While CollegeSource®, Inc. and Career Guidance Foundation provides information as a service to the public, copyright is retained on all digital catalogs.
Financial Aid
Monetary Award Program (MAP) student attending a full academic year. The MAP grant can
This program is for undergraduate Illinois residents and only be applied toward tuition and mandatory fees. Students
provides state grants that do not have to be repaid. To receive can receive 10 semesters of the MAP grant. Students apply
a MAP grant, students must demonstrate financial need, be for the MAP grant by filing the FAFSA. ISAC notifies stua
resident of Illinois, and be enrolled at an Illinois institution. dents of their award.
The maximum grant for 1998-99 was $4,320 for a full-time
Merit Recognition Scholarship (MRS)
The MRS program provides a one-time $1,000 state grant to from all Illinois high schools are automatically considered
qualified Illinois high school students who rank in the for the MRS program, Once ISAC selects all eligible recipitop
5 percent of their class at the end of the seventh semester ents, an MRS application is sent to the student. The student
in high school, Demonstrated financial need is not a factor completes the application and gives it to the IIT Office
in determining MRS recipients. The top 5 percent of seniors of Undergraduate Admission.
Illinois Incentive for Access Program (IIA)
The IIA Program provides a one-time state grant of up to
$500 for freshmen who have an expected family contribution
(EFC) of zero, which is determined by filing the FAFSA.
IIT-Funded Financial Aid Programs
More than 90 percent of IIT students receive some form of
financial assistance. All students who submit a FAFSA are
considered for all federal, state and institutional financial aid
for which they qualify. IIT grants and loans are funded by
Transfer-Student Scholarships
Students must be enrolled at least half-time in an Illinois
institution, be an Illinois resident, and have not yet received
a bachelor’s degree.
the university and are awarded on the basis of demonstrated
financial need. In addition, each year a number of talented
students receive IIT scholarships that are based on talent
and/or merit.
Merit scholarships of up to full tuition are awarded to trans- academic progress. All admitted students are reviewed for
fer students who have strong college records. Awards are eligibility.
renewable based on grade point average at IIT and reasonable
Athletic Scholarships
As a National Association of Intercollegiate Athletics (NAIA) officers, upon recommendation of the athletic director.
member, IIT awards athletic scholarships based solely on ath- Students with demonstrated financial need will
letic ability, regardless of need. In compliance with NAIA be reviewed for federal, state and other IIT financial aid for
rules, athletic scholarships are officially made by financial aid which they are eligible.
IIT Endowed Scholarships
These scholarships are made possible through donations to Admission for scholarship eligibility. Continuing students
IIT by individuals, corporations and foundations. First-year will be reviewed by the Office of Financial Aid.
IIT students will be reviewed by the Office of Undergraduate
IIT Undergraduate Bulletin 1999-2001 21