Financing your Education

Types of Aid to Pay for College

• Grants

• Work study

• Loans

• Scholarship

A grant requires you to repay the money you borrow, whereas a loan does not.

• True

• False

Free Application for Federal Student Aid (FAFSA), is used to qualify for both federal and state aid.

• True

• False

The RISE Act allows qualifying undocumented and transgender students to apply for state financial aid programs.

• True

• False

A grant program administered by the Illinois Student Assistance Commission and funded by the State of IL.

• Pell

• MAP

• TEACH

• Illinois Cares

There are four types of Direct Loans available?

• True

• False

Direct Subsidized Loans

• allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.

• are loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required.

• are loans made to eligible undergraduate, graduate, and professional students, but eligibility is not based on financial need.

• are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.

The STAR Scholarship is the only scholarship CCC offers?

• True

• False

City Colleges of Chicago students are eligible to apply for scholarships from the City Colleges of Chicago Foundation?

• True

• False

CCC offers Tuition-free Programs for Qualified Students?

• True

• False