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Financial Aid

FINANCIAL AID PRESENTATION FOR SENIORS & FAMILIES

 The following presentation is available in English and Spanish for the Class of 2021 and their families.

To view the slides only in English, click here. To view the slides only in Spanish, click here.


 

 

 

FINANCIAL AID PRESENTATION FOR SENIORS

The following video was shared with the Class of 2021 as part of a presentation about return on investment and financial aid.

 

FINANCIAL AID MYTHS, FACTS, & RESOURCES

 

The Free Application for Federal Student Aid (FAFSA) and the Alternative Application for Illinois Financial Aid


Beginning in January 2020, two applications for students to receive financial aid became available: the Free Application for Federal Student Aid (FAFSA) and the Alternative Application for Illinois Financial Aid.

 

FAFSA vs Alternative App.001

 

More information is available through the Illinois Student Assistance Commission  (en español) and through this FAQs document (en español).

ISAC1
Illinois Student Assistance Commission

Monica Masini             
[email protected]
(847) 636-1259                     

Hello! My job is to assist students in the college going process. That means that I am able to work with you on career exploration, college selection, test preparation, scholarship searches, application completion, and the financial aid process. I have virtual office hours for Maine West on Thursdays from 3-4 p.m. Please see the Class of 2021 Google Classroom for meeting links. I can also meet you outside of school if needed.

To schedule an appointment, you can:

 

 

Overview of Financial Aid Process

 

Types of Financial Aid

 

About Financial Aid

Financial Aid is a federally funded program.  To qualify, you must complete a Free Application for Federal Student Aid (FAFSA)
 
The federal government prefers the online version, and you will get a faster response if you file online.  You can fill out the FAFSA beginning October 1st of your senior year. 
 
IT IS BEST TO COMPLETE THE FAFSA BEFORE THANKSGIVING BREAK!  Do not wait until April to complete your FAFSA.  Many colleges have deadlines for financial aid, and the money will get allocated to those who apply early.  Thus, you and your parents will need to use ESTIMATES of your income. 

Click on the video below to learn more about the FAFSA:

 

Steps to Getting Started

1. Create a FSA ID – The FSA ID is your electronic passport to federal student aid online​​. An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on websites such as the Free Application for Federal Student Aid (FAFSA®). In order to create an FSA ID, please go to:  https://fsaid.ed.gov

To access an instructional video on how to create a FSA ID, click below:

2GO TO FAFSA.GOV – Complete the Free Application for Federal Student Aid (FAFSA) as early as October 1st of your senior year. 

Click below for a video on how to fill out the FAFSA:

 

 

 

 

 

Financial Aid Events


You don’t need to figure this all out on your own!  We have numerous district programs to help understand the financial aid process.  Parents can plan to begin attending these programs during their children’s freshman and sophomore years in order to prepare appropriately for college.

 

District Financial Aid Programs for 2020-21

FINANCIAL AID APPLICATION HELP SESSIONS

For seniors and their parents only

See email from Ms. Manning for links to join workshops virtually. All sessions will include a main room and breakout rooms to help protect privacy.

OCTOBER 15, 5-7 P.M. 

OCTOBER 20, 5-7 P.M.

OCTOBER 22, 8:20-9-45 A.M. & 1:25-6 P.M. (Spanish speaker available 3-6 p.m.)

NOVEMBER 14, 10 A.M.-12 P.M. (Spanish speaker available)

PREPARATION REQUIRED: FSA IDs for student and parent (see instructions here). Completion of first section recommended. List of documents needed here.

 

FAFSA STEP-BY-STEP WEBINAR

OCTOBER 19, 7-8 P.M.

ADVANCE REGISTRATION REQUIRED: bit.ly/2HM4rOD

 

VIRTUAL OFFICE HOURS

Thursdays:  3-4 p.m.
Assistance will be available in English and Spanish (Spanish by appointment). Financial Aid Officers will be available to help students and their parents complete the Alternative Application for Illinois Financial Aid or the FAFSA. A representative from ISAC will be available to answer questions and assist with your FAFSA or Alternative App.

 

 

 

 

 

 

Materials to bring for Financial Aid Application Help Sessions

  • 2019 federal income tax returns (1040 or 1040-EZ), W-2’s, and other records of money earned (for student and a guardian/parent)
  • Bank statements and records of businesses, farms, and other investments (if applicable, for student and a guardian/parent)
  • Records of untaxed income (if applicable, for student and a guardian/parent)
  • Current mortgage statements for properties other than the family’s principal residence (if applicable)
  • List of up to 10 colleges you would like to attend

FOR STUDENTS COMPLETING THE FAFSA:

  • Social Security Number or an Alien Registration Number
  • FSA ID (studentaid.ed.gov)
  • Driver’s License (student)
  • If guardian/parent is a U.S. citizen or has an Alien Registration Number, the guardian/parent’s Social Security Number or Alien Registration Number

FOR TRANSGENDER STUDENTS WHO HAVE A SOCIAL SECURITY NUMBER AND PLAN TO COMPLETE THE ALTERNATIVE APPLICATION FOR ILLINOIS FINANCIAL AID:

  • Be prepared to provide the student’s Social Security Number in the pre-screening section of the application

 

Important Websites


www.fafsa.ed.gov – The Federal Government’s website for the Free Application for Federal Student Aid

https://studentportal.isac.org/en/alternativeapp – The Alternative Application for Illinois Financial Aid from the Illinois Student Assistance Commission

www.studentaid.ed.gov – The Department of Education’s informational website for planning for and funding post-high school education

www.collegeillinois.org – The State of Illinois’ website for students and parents.  It has resources on many different topics related to college planning and paying for college.

studentaid.ed.gov – Get your FSAID for the FAFSA.

http://mappingyourfuture.org/paying/debtwizard/index.cfm – How much debt is safe for college loans?  Look at this website for information.

www.studentaid.ed.gov/guide – A comprehensive guide about the federal student aid programs.  It is available in English and Spanish.
 
College Resources for Hispanic Students Provides a variety of resources for students and their parents.  These include scholarships, undocumented students, first-generation students, and more.