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Illinois is now the third state to require graduating high school seniors fill out the Free Application for Federal Student Aid, otherwise known as the FAFSA form, before getting a diploma.
This law requires graduating seniors to fill out the FAFSA form, regardless of their post-high school plans.
Students can opt-out by signing a document indicating they understand the FAFSA forms and choose not to take part.
What types of Financial Aid are available?
The U.S. Department of Education awards about $150 billion a year in grants, work-study funds, and low-interest loans to more than 14 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Thousands of schools across the country participate in the federal student aid programs; ask the schools you’re interested in whether they do!
Types of federal aid available:
*Grants—financial aid that doesn’t have to be repaid
*Loans— borrowed money for college or career school; you must repay your loans, with interest
*Work-Study—a work program through which you earn money to help you pay for school
*Scholarships - Money you can receive from private and public sources. Most scholarships have specific requirements for students to apply. Check below for information on scholarship opportunities.
FAFSA-Creating-ID-Instructions.pdfISAC Parent Flyer-English.pdfIllinois Student Assistance Commission
English version
ISAC Parent Flyer-Spanish.pdfIllinois Student Assistance Commission
Spanish version
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