There are many sources of aid available to assist Lexington College students with their education. Scholarships, grants, and loans are available from the federal and state governments, as well as from industry and institutional groups. Most Lexington College students receive some form of financial assistance.
Applying For Aid
To be eligible for financial aid, a student must apply and be accepted to Lexington College and complete the Free Application for Federal Student Aid (FAFSA) or another approved form. FAFSA applications can be completed on-line at www.fafsa.ed.gov. The earlier the student files for FAFSA the better chance of earning the highest award amount.
The College's Director of Financial Aid is available to help students and parents complete the application process. The Scholarship Center provides resources so that students can research and apply for industry and other scholarships.
Federal Pell Grant
Provides financial assistance to first-degree undergraduate students with exceptional financial need.
Federal Supplemental Educational Opportunity Grant (FSEOG) Program
Provides grant assistance to students with financial need who are in undergraduate programs and have not earned a bachelor's degree or first professional degree.
Federal Work-Study (FWS) Program
Provides paid jobs, on campus or off campus, for students with need.
Federal Stafford Loan Program
Enables a student to borrow money directly from a private lender (banks, credit unions, or other lenders that participate in the Federal Family Education Loan Program (FFELP). Maximum amounts available vary.
Federal PLUS Loan Program
PLUS (Parent Loan for Undergraduate Students) loans enable parents who do not have an adverse credit history to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled at least half-time.
The Illinois Student Assistance Commission Monetary Award Program (MAP)
A need-based grant program. MAP awards cover only approved tuition and mandatory fees.
Illinois Incentive for Access (IIA)
Provides a grant up to $500 delivered in two disbursements of $250 to freshman students who have a zero (0) expected family contribution (EFC) calculated based on information reported on the FAFSA.