I-20 forms for foreign students are issued by the Admissions Office, not the Economics Department. The amount of the award varies based on the expected family contribution (EFC) as calculated by the FAFSA and the number of hours for which a student is enrolled at the end of the add/drop period each term. The required number of credit hours may vary based upon degree; therefore the maximum number of credit hours that a student may attempt will also vary in some cases.
The University of Illinois at Chicago utilizes the Free Application for Federal Student Aid to determine eligibility for financial aid. If the student receives (or the school or parent receives on the student's behalf) excess Title IV program funds that must be returned, the school must return a portion of the excess equal to the lesser of: The institution must return this amount even if it didn keep this amount of the student's Title IV program funds.
Financial aid will first be credited toward any outstanding balance assessed to the account. Indirect Costs are costs a student will likely face during the academic year but which are not owed directly to the university. For a detailed listing of all federal, state, and institutional programs, please visit the financial aid website. — Any outside resource To complete the FAFSA online the student and parent (if the student is dependent) must have a Federal Student Aid Identification (FSA ID) in order to be able to sign the form electronically.
All FAFSA applicants will be considered for the UIC Undergraduate Grant Program; no other financial aid application is necessary. The SFAS will work with the colleges to document the student's last date of attendance.
cannot exceed the students estimated cost of attendance. The UIC Opportunity Grant in combination with the Federal Pell Grant, MAP Award and other federal/state/institutional gift assistance will fund direct costs defined as tuition, differentials and fees (mandatory fees charged of all students).
If the student plans on using financial aid funds to purchase books, they must do so after they have received their refund from Student Accounts Receivable. The student may choose to decline some or all of the loan funds so that additional debt is not incurred.
Students are considered dependent or independent based on information provided on the FAFSA.
Additionally, the sum total of financial assistance a student receives from all sources (grants, scholarships, waivers, loans, work study, etc.) Like the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant (FSEOG) is a federally funded program designed to assist students from low-income families. All periods of a student's enrollment, whether or not the student received aid, are included in the SAP review. If possible, please try not to wait until the last minute, especially at the start of the fall semester. For the 2019–2020 academic year, FSEOG awards will range from $500 to $1,000 for the full year. The University also has a number of financial aid programs for minority students. Students may apply for a FSA ID online.
So awards should be made available in late May or early June.
After receiving a FAFSA, the Federal Processor will send a Student Aid Report (SAR) electronically.
At such time, an email will be sent to the students UIC email address (or preferred email to those only admitted) with instructions on how they can view their Award Notification online. If the student did not receive all of the funds earned, there may be due a Post-withdrawal disbursement. In addition, all credit hours transferred to UIC for the current enrollment level are included and counted towards a student's maximum time frame, ratio, and are reflected in the student's cumulative grade point average (GPA).
The University’s SAP policy includes both qualitative and quantitative measures.
The department will make its own financial aid decisions at approximately the beginning of March. They provide a tuition waiver plus a stipend. Most undergraduate students are considered dependent. All classes for which a student is registered after that date will be included. When a student withdraws during the payment period or period of enrollment, the amount of Title IV program assistance that was earned up to that point is determined by a specific formula. Undergraduate students must have at least a 2.00/4.00 (or C average) cumulative GPA by the end of their second academic year. UIC’s priority deadline for completion of the FAFSA for each upcoming school year is February 15. the secondary menu, Completing the application online reduces processing time and errors. The Title IV programs that are covered by this law are: Federal Pell Grants, Iraq and Afghanistan Service Grants, TEACH Grants, Stafford Loans, PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs), and Federal Perkins Loans.
The Office of Student Financial Aid and Scholarships (SFAS) is responsible for assisting students and their families in meeting the educational expenses of attending UIC. The FAFSA is available on October 1 each year - UIC’s priority filing deadline is February 15.
ksoper2@uic.edu: Debra A Simpson-Simon Financial Aid Counselor 1800 SSB MC 334: 312-996-3126 simpsond@uic.edu: Xu H Tan Coordinator of Information Technology & System Programming 1800 SSB MC 334: 312-996-5563 atan@uic.edu: ZaQuela Taylor Financial Aid Counselor 1800 SSB MC 334: 312-996-3126 ztaylor@uic.edu: Kelli Charisse Thomas Assistant Director There are no appointments available on Wednesdays and the first week of classes for each semester, though counselors can still be reached in reception, by phone, or by email. Financial aid is reserved for our Ph.D. in Economics students.
the main menu, Students may appeal their status, if their aid is cancelled and they are pursuing multiple majors or degrees.
Successfully completed course work is defined as the total number of hours which a student receives a grade of A, B, C, D, AH, BH, SH, S, or CR. Most undergraduate students are dependent.
If when SAP is reviewed, a student falls below the 67% cumulative standard, the student’s aid will be cancelled unless he/she is satisfactorily meeting the requirements of their academic plan.
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