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Funding Resources

Paying for College Student Resources Guide
Malcolm X College coordinates a variety of scholarships that are available to students based on academic excellence and other criteria. A list of scholarships with guidelines and duration can be found on this web site, posted in the financial aid office, or in a scholarship booklet in the financial aid office.

Partial Listing of Available Scholarships

For more detail about these scholarships, please refer to www.ccc.edu/scholarships

OTHER FUNDING SOURCES

FEDERAL PELL GRANT
http://studentaid.ed.gov

Federal monies are awarded to students based on the information provided on the Free Application for Federal Student Aid. Student eligibility is determined by the EFC found on the Student Aid Report (SAR), the amount of money the institution has determined it will cost the average student to attend and the student's enrollment status. A Federal PELL Grant is restricted to undergraduate students who have not earned a bachelor's or professional degree or its equivalent. Certain deadlines apply. Students are encouraged to apply as soon as possible even before being admitted to Malcolm X College. Applications are available online at www.fafsa.ed.gov January 1 of each award year. Funds are disbursed to students whose Student Aid Report (SAR) or Institutional Student Information  Record (ISIR) has been reviewed by a Financial Aid Advisor and determined complete and accurate while meeting all other eligibility requirements. Files are reviewed on a first come first served basis according to the date the Student Aid Report (SAR) is submitted to the Financial Aid Office. Pell awards range from $445-$4731 for the 2008-2009 award year.


ILLINOIS STUDENT ASSISTANCE COMMISSION (ISAC) MONETARY AWARD PROGRAM (MAP) collegezone.com
These grants are restricted to Illinois residents who are enrolled in an eligible credit hour program. Independent students must establish residency in the state of Illinois one year prior to beginning of their first enrollment period. Dependent students are considered Illinois residents if their parents or guardians establish residency in Illinois one year prior to the start of their first enrollment period. Vocational and technical programs are NOT covered by the MAP grant.

To apply, students need to complete and mail the Free Application for Federal Student Aid. Applications must be received by the state deadline date. To receive payment, students must meet eligibility requirements that are similar to those indicated for Pell Grant and other federal financial aid programs. Certain other restrictions may apply. Students attending Malcolm X College may receive MAP payments for tuition and mandatory fees up to a maximum of 15 credit hours.

ILLINOIS INCENTIVE FOR ACCESS GRANT (IIA) collegezone.com
This grant is sponsored by ISAC and is restricted to Illinois residents. Students must be enrolled for a minimum of 6 credit hours in an approved degree or certificate program. Certain other restrictions apply. To apply students need to complete and mail the Free Application for Federal Student Aid by the state deadline date. To receive payment students must meet MAP eligibility requirements and have a zero EFC on an eligible SAR or SIR. The grant provides a non-renewable award of $500.00 to freshmen level students.

MINORITY TEACHERS OF ILLINOIS SCHOLARSHIP (MTI) collegezone.com
This ISAC sponsored program is for undergraduate minority students enrolled in college full time as sophomores or higher who are seeking certification as a teacher at the preschool, elementary, or secondary school level. To apply students must complete and mail the Free Application for Federal Student Aid and the ISAC Teacher Education Scholarship Programs Application. Eligible students will have a minimum 2.5 grade point average and meet other general state financial aid eligibility requirements. The scholarship pays up to $5000.00 per academic year and must be repaid only if the student fails to meet required teaching obligations.


FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG) www.studentaid.ed.gov
This program is a supplement to the Federal PELL Grant for students with exceptional financial need. Awards are given on a first come, first served basis according to the date a student submits a valid Student Aid Report (SAR) or ISIR, completes a financial aid file, and is certified eligible by the college. Funds are limited. Other restrictions may apply. Awards at Malcolm X College range from $200-$800.

FEDERAL WORK STUDY www.studentaid.ed.gov
The Federal Work-Study Program provides opportunities for earning needed money for school expenses. Students work part-time while enrolled at Malcolm X College, beginning at the federally approved minimum wage with periodic increments. Most jobs are located on campus. Federal Work Study students work 15 to 20 hours a week. Positions are limited and offered to students on a first come, first served basis according to eligibility certification dates. To apply, students need to have a Student Aid Report (SAR) or ISIR on file and be certified eligible by the college. Students will receive a notice from the Financial Aid Office regarding their status. Other restrictions may apply. Awards range up to $4300 a year.

Academic Competitiveness Grant (ACG)

The Academic Competitiveness Grant was made available for the first time for the 2006-2007 school year for first year college students who graduated from high school after January 1, 2006, and for second year college students who graduated from high school after January 1, 2005. The Academic Competitiveness Grant award is in addition to the student's Pell Grant award.

An Academic Competitiveness Grant will provide up to $750 for the first year of undergraduate study and up to $1,300 for the second year of undergraduate study to full-time students who are eligible for a Federal Pell Grant and who had successfully completed a rigorous high school program, as determined by the state or local education agency and recognized by the Secretary of Education. Second year students must maintain a cumulative grade point average (GPA) of at least 3.0.

Resources
A list of suggested Web sites is indicated below for students interested in conducted their on scholarship search:

Easy Access for Students and Institution
Federal Student Guide  
Fast Web
Illinois Student Assistance Commission
City Colleges of Chicago Foundation  
Student Gateway to U.S. Government
United Negro College Fund
Hispanic Scholarship Fund
Asian & Pacific Islander American Fund