OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

University of Illinois at Chicago Financial Aid and Scholarships 2022

Online Education at UIC

Online programs help students those who seek higher education opportunities but are bound by time and place. The university has been offering distance education programs in Associate degree, Bachelor’s degree, Certificates.

University offers 44 online programs across 9 disciplines and is offering distanced based education for over fourteen years

The online courses have an extensive instructor and peer interaction,

The

$4,832

Avg. Federal Grant

$4,907

Avg. Federal Loan

$155,533,887

Total Aid Awarded

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University of Illinois at Chicago Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$155.534M

Financial Aid Official Website

www.financialaid.uic.edu

There are many ways to pay for college. Federal aid, loans, grants, scholarships and student jobs can make college more affordable and accessible to students. Graduate students can reduce tuition and other costs with assistantships and fellowships, as well as grants outside University of Illinois at Chicago. The total financial aid provided is $155,533,887.

Scholarships

The Honors College offers a limited number of scholarships for incoming first-year students. All Honors College scholarships are based on merit, while some are also based on need, as determined by FAFSA. For the incoming first year students these scholarships are awarded:

Kerr Scholarship
Full In-State tuition and fees
The Honors Scholars Award
Honors College Academic Excellence Award
Honors College Academic Distinction Award

Grants

The university not only offers scholarships which are majorly merit-based, it also offers granst which are essentially gift aids that are need-based. The grants for UIC students comes from the federal government, the state and the instituion. Let's look at examples of all of those types of grants.

Federal Grants

Federal Pell Grant: This federal grant is awarded to undergraduate students from low-income families.
Federal Supplemental Educational Opportunity Grant: This federal grant is awarded to undergraduate students from low-income families too, additionally the students have to be eligible for the Federal Pell Grant, and have to be enrolled for atleast a half-time program.
Teacher Education Assistance for College and Higher Education (TEACH) Grant: Undergraduate, graduate and post-baccalaureate students who are enrolled in a certification program for a high need teaching field and meet academic achievement requirements (3.25 cumulative GPA) are eligible to receive this grant.

State Grant

Monetory Award Program (MAP): The State of Illinois funds the MAP Grant, which ranges in awards of $300 to $5340 for the full academic year. Eligible students (and parents, if dependent) must be Illinois residents, and undergraduates.

Institutional Grants

UIC University Opportunity Grant: The UIC Opportunity Grant is a new program beginning in the 2019/2020 academic year. The Opportunity Grant can be renewed for up to 8 paid semesters for incoming students and 4 paid semesters for transfer students.
UIC Housing Assitance Grant: Illinois residents who reside in-campus and are receiving Pell Grants are eligible for this grant

To know more about these grants, and more such grants, click here.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

63%

Institution Grant Aid

61%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$4,832

State Grant Aid

$4,644

Institution Grant Aid

$5,490

Pell Grant

$4,782

Here is a detailed breakdown of the financial aids that you can expect to receive at UIC. On an average, almost 66% of students get financial aids.

Approximately 61% of the students get Federal Grant Aid, which comes to around $4,832
Almost the same percentage of students receive the Pell Grant aid, which is 61% of the student population. The amount comes up to $4,782
63% of the students are entitled to State Grant Aid, the amount for which is somewhere around $4,644
A healthy amount of aids comes from the institution as 61% of students receive it. The amount for this aid is around $5,490
A staggering 65% of the students take a loan at the default rate of 8.3%, the amount for which is $7565 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,628

$30,001 - $48,000

$13,969

$48,001 - $75,000

$10,728

$75,001 - $110,000

$4,177

Over $110,000

$1,310

As is understandable, the lower the family income higher is the amount of financial aid one can expect to receive. We have given an estimated amount of federal aid that students might be receiving based on the income bracket they fall under.

For those students who have a family income under $30,000 can expect to receive an aid amount of $14,628. Those with a family income between $30,001-$48,000 can expect to receive an aid of approximately $13,969. For students in the income bracket of $48,001-$75,000, the aid comes up to $10,728. The income group of $75,001-$110,000 can expect federal aid worth $4,177 while those with family income over $110,000 can expect to receive an aid amount of $1,310. This ensures that bulk of the money is flowing towards those who need it the most.

Student Loans for University of Illinois at Chicago

Average Loan Amount Average Loan Amount received per year.

$6,430/Year

Students Taking Out Loans

34%

Loan Default Rate

3.1%

Explore Tuition & Cost Breakdown Explore Best Student Loans

Student loans are an important and much sought after means of financial aid sources. Even though student loans are given out by many private lenders too, it is advisable to look at federal loan options first. Here are a few of the loans that the students can choose from:

Federal Direct Loans (Subsidized and unsubsidized)
Federal Parent PLUS Loans
Alternate loans (private loans)

To know more about these loans, and more loans, you can click here.

One thing to keep in mind is for students to compulsorily fill the FAFSA form and look into FAFSA requirements to be considered for any federal aid.

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