Federal Pell Grant
The Pell Grant is available to eligible students at LCN. To apply, students must complete the FAFSA application for financial aid. The resulting expected family contribution (EFC) will determine eligibility for all financial aid programs, including the Pell grant. This aid can be used to pay tuition, fees, books, and supplies, up to the amount available each semester. If the student has funds after costs are met, then refunds are generally available 30 days after starting classes each semester.
Illinois Student Assistance Commission (ISAC)
A resident of Illinois (who is a US citizen or permanent resident of the United States), enrolled in an eligible program at LCN, who demonstrates financial need as determined by the Illinois Student Assistance Commission, may receive a grant, called the Monetary Award Program (MAP). There is not a separate State application. To be considered for the state award, a student need only indicate Illinois residency when the FAFSA is completed. A dependent student's parent(s), whose information was required on the Federal Student Aid Application (FAFSA), must be an Illinois resident. The State sets deadlines each award year that a student must meet to be considered for the MAP award. It is recommended that students apply early each award year. The announced awards (estimated or actual) can be reduced or canceled at anytime during the award year. The MAP grant is applied to tuition and mandatory fees and is non-refundable to the student.
Step 3 - Acceptance of Aid
Federal Pell Grant and State Grant/MAP will be applied to a student's account who has met the eligibility. Federal Student Loans must be accepted through the application process for Federal Direct Loans.