Federal Pell Grant
The Federal Pell Grant is awarded to help undergraduate students and provides the “foundation” on which other Financial Aid sources may be added. This grant program is for students who demonstrate a financial need. Awards are based on enrollment status and expected family contributions as determined by a federally established formula. Awards may range from $672 to $6,495 per year in 2021-2022.
Credit Hours Pell Amount
0.5 to 5.5 1/4 Award*
6 to 8.5 1/2 Award*
9 to 11.5 3/4 Award*
12+ Full Award
* If your EFC is higher than 3800, contact the LLCC Financial Aid Office for details on how your award is affected.
Federal Supplemental Education Opportunity Grant (SEOG)
SEOG is a federally funded grant awarded to undergraduates who demonstrate exceptional financial need. Awards range up to $400 per year depending upon demonstrated need, availability of funds and the amount of other aid being received, but typically average $400 per academic year. Students must be enrolled in at least six credit hours per semester.
State of Illinois Monetary Award Program Grant (MAP)*
The Monetary Award Program is a state of Illinois need-based grant that can assist students who are residents of Illinois in paying a portion of tuition and mandatory fees at Lincoln Land Community College.
By applying for financial aid 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 the award letter. The award maybe an estimate made by the Financial Aid Office and, if so, is identified as a “State of IL MAP Grant (Est.).” The amount listed on the award letter is the maximum award that can be received for the term. Because these awards are pro-rated based on enrolled credit hours, students may receive less than the amount listed. MAP grants are limited based on the number of applicants and funding levels appropriated by the Illinois General Assembly and are not finalized until funding is approved by the legislature/Governor. In light of state funding constraints, reductions to estimated or actual MAP grants are possible.
Eligibility for a MAP grant is being tracked by the equivalent number of semester credit hours of MAP benefits paid on your behalf. This is called MAP Paid Credit Hours. Payment for each term is being made according to the equivalent number of credit hours eligible for MAP payment, with a minimum of three 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 a State of IL MAP Grant (Est) is not included in your award letter, you are not eligible for the grant at Lincoln Land Community College. MAP grants may be used for tuition and mandatory fees only.
Direct Student Loans
Direct loans are government guaranteed loans. Repayment begins six months from the date students are no longer enrolled in six credit hours. Borrowers must be enrolled in, and attending a minimum of six eligible credit hours at time of disbursement to receive a student loan.
Subsidized Direct Loans
Subsidized Direct loans are awarded on the basis of financial need. Students are not charged any interest before beginning repayment or during authorized periods of deferment. The federal government “subsidizes” or pays the interest during these periods. Students may only receive subsidized loans for up to 150% of the length of their program.
Unsubsidized Direct Loans
Unsubsidized Direct loans are not based on need. Students are charged interest until the loan is paid in full. LLCC’s Financial Aid Office always awards the maximum subsidized loans before awarding unsubsidized loans.
Direct PLUS Loans
Parents of dependent undergraduate students may borrow up to the students’ cost of attendance, minus financial aid. Interest is fixed at 6.28% for loans disbursed between July 1, 2021 and June 30, 2022. Parents can contact the Department of Education if they want to delay repayment.
Private Student Loans
Due to LLCC’s affordability, only about 12% of LLCC students need a student loan. Over 99% of these students’ borrowing needs are met by the Direct Loan program. Since less than 1% of LLCC students have a need for a loan beyond the Direct Loan program, the LLCC financial aid office does not have a preferred lender list for private loans nor do we have preferred lender arrangements. Students who have need of a loan beyond the limits of the Direct Loan program should evaluate lenders to find the most affordable private loan.
The Federal Work-Study program provides on-campus employment for students while they attend college. Students who receive Federal Work-Study funds must:
- Demonstrate need to be eligible for work-study funds.
- Be paid at least federal minimum wage, but wages are related to the type and difficulty of work being performed.
- Work no more than 20 hours per week.