August
15, 2006
Apply Now for New MAP Plus Grants
An estimated 70,000 Illinois college students may be eligible for a new grant program recently signed into law by Gov. Rod Blagojevich, state financial aid officials say. The MAP Plus program will provide up to $500 to each sophomore, junior, and senior who is not eligible for a Monetary Award Program (MAP) grant and whose family's adjusted gross income is under $200,000.
"The new MAP Plus grants are designed to help students from middle-income families," said Cheryl Warmann, director of student financial assistance at Oakton Community College. "We are urging all students who fail to qualify for other types of monetary aid to investigate their eligibility for this newly-created solution."
MAP Plus has been approved only for the 2006-07 academic year. After that, the Illinois Student Assistance Commission (ISAC) will evaluate the program and make a recommendation about its future. To start the grant process, students must first complete the Free Application for Federal Student Aid (FAFSA), available at www.fafsa.ed.gov.
MAP Plus was approved by the Illinois General Assembly during the spring session. Funding for the grants will come from restructuring or selling part of the student loan portfolio now held by ISAC, and other efforts to maximize ISAC revenues.
For more information about the MAP Plus grants, visit the ISAC Web site at www.collegezone.com, or contact ISAC toll free at 866-247-2172.
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Apply Now for New MAP Plus Grants
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