Funding Sources for Your Education

Financial assistance comes from several sources including federal, state, institutional and private sources.

Federal Funding Sources

Federal financial assistance requires a student to complete a Free Application for Federal Student Aid (FAFSA) and is generally awarded based on a student’s Expected Family Contribution (EFC). Federal sources include: the Federal Pell Grant, Federal SEOG Grant, Federal ACG Grant, Federal TEACH Grant, Federal Work Study, Federal Stafford Loans, and Federal PLUS Loans.

Click here for more information on Federal Grant Funding Sources
Click here for more information on Federal Loan Funding Sources
Click here for more information on Federal Work Study

Illinois State Funding Sources

The Illinois State Assistance Commission (ISAC) offers several funding sources for students who are considered residents of Illinois, or their parent(s) are considered residents of Illinois and the student is attending an eligible institution, such as Columbia College Chicago. These funds require students to complete a Free Application for Federal Student Aid (FAFSA) and are generally awarded based on a student’s Expected Family Contribution (EFC). ISAC funding sources include the Monetary Award Program (MAP) and other state funded programs.

Click here for more information on Illinois State Funding Sources

Institutional Funding Sources

Columbia College Chicago offers a multitude of institutional funding options for students and families to finance their education. These funds can be awarded based on a student’s academic achievements, demonstrated need, or other criteria. Additionally, Student Financial Services offers several need-based assistance programs for qualifying students who demonstrate exceptional financial need.

Click here for more information on Institutional Assistance Programs
Click here for more information on Institutional Scholarships

Private Funding Sources

Private funding sources generally include outside scholarships, military aid programs, and private educational loans. Outside scholarship and military aid programs will have different eligibility requirements and students must research and apply for these funds independently. Private Educational Loans should be used as a supplemental source of funding (not in place of) the Federal and State Funding options to help cover educational costs.

Click here for more information on external scholarships.
Click here for more information on Private Educational Loans.