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FINANCIAL AID
RESOURCES
CONTACT US TODAY!
Phone
309-457-2129

Fax
309-457-2373

Email

finaid@monm.edu

Address
700 E. Broadway
Monmouth, IL 61462
 

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Home > Financial Aid > ISAC Statement
 
ISAC Statement.

Illinois Monetary Award Program (MAP) Grant provided by the Illinois Student Assistance Commission

By applying for financial aid using the Free Application for Federal Student Aid (FAFSA) and agreeing to share that information with the Illinois Student Assistance commission (ISAC) you have been considered for the State of Illinois (IL) Monetary Award Program (MAP) Grant. If you were determined to meet the eligibility criteria for the MAP grant, an award is included on your award letter. The award may be an estimate made by the financial aid office and, if so, is identified as a “IL MAP Grant (Estimated)”.

MAP grants are limited based on the number of applicants and funding levels appropriated by the Illinois General Assembly. Please be aware that in light of state funding constraints, reductions to estimated or actual MAP grants are possible.

Starting in the 2004-05 academic year, eligibility for the MAP grant began being tracked by the equivalent number of semester credit hours of MAP benefits paid on your behalf. This is called MAP Paid Credit Hours and will continue in this manner for the 2009-2010 year. Payment for each term is being made according to the equivalent number of credit hours eligible for MAP payment, with a minimum of 3 and a maximum of 15 MAP Paid Credit Hours.

There is a limit on the number of MAP Paid Credit Hours that can be paid while you are classified by your school as a freshman and sophomore. This limit is the equivalent of 75 MAP Paid Credit Hours. If this maximum is reached, you must attain junior status for your MAP grant eligibility to resume. The maximum number of MAP Paid Credit Hours that can be received is capped at 135.

If the IL MAP Grant (Estimated) is not included in your award letter, you are not eligible for the grant at this time at Monmouth College.
 
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March 7
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May 8
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May 17
Commencement

 
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