Illinois students have exhausted college funding available through the state Monetary Award Program, but many also qualify for federal Pell grants.
Students in the state are eligible for more than $1.1 billion in Pell grants, according to a news release from the Illinois Student Assistance Commission.
Ninety-four percent of students eligible for MAP funds also are eligible for Pell grants, according to the release.
“Pell is vitally important, especially when MAP funding is exhausted,” ISAC Executive Director Eric Zarnikow said in the release.
The federal Pell grant program provides need-based grants to low-income undergraduates.
Pell grants can provide up to $5,645 annually for full-time students attending eligible institutions. Grant amounts depend on a student’s expected family contribution to college expenses, the cost of attending the institution, and the student’s enrollment status.
Students must file the Free Application for Federal Student Aid form to receive financial assistance for college. Students seeking aid still may complete the online form.