Please click here for the latest information regarding Benedictine University's response to the Coronavirus (COVID-19) outbreak.
Benedictine University is dedicated to making your college education affordable by assisting students to understand the resources available to them. We work daily to help bridge the gap between the student’s cost of attendance and their ability to afford their degree. Not only do we offer our own scholarships and grants, but we also participate in federal and state programs. In general, scholarships and grants are considered gift aid and do not need to be repaid, while loans are borrowed and must be repaid.
A scholarship is a form of gift assistance that does not need to be repaid. Click on the following links for further information.Scholarships for Incoming Freshman Students
Grants are an educational funding source available to most undergraduate students that do not need to be repaid. There are several types of grants that may be available to undergraduate students.
Illinois Student Assistance Commission’s (ISAC) Monetary Award Program (MAP) Grant
MAP grants are awarded to Illinois residents attending an undergraduate program at an in-state college or university. These need-based grants are funded by the State of Illinois and administered by the Illinois Student Assistance Commission (ISAC).
Illinois Student Assistance Commission (ISAC) residents apply for the MAP grant by submitting a FAFSA every year. In recent years, processing has closed early in the financial aid process. It is to your advantage to apply as early as possible. For the 2020-2021 academic year, students must have an Expected Family Contribution (EFC) of 9,000 or less to qualify.
The current maximum award for 2020-2021 is $5,340 for full-time enrollment (15 credit hours per term), and may be less for students enrolled in fewer than 15 credit hours. The award is restricted to tuition and mandatory fees.
For complete information on the Illinois MAP Grant, visit Application for MAP funds.
Federal Pell Grant
The Federal Pell Grant is funded and administered by the U.S. Department of Education. Federal Pell Grants are usually awarded to undergraduates who have not earned a bachelor's or a professional degree. The U.S. Department of Education determines your eligibility for the Federal Pell Grant. Your Student Aid Report (SAR) indicates your eligibility for the grant. The Federal Pell Grant does not have to be repaid.
Students apply for the Pell Grant by completing the FAFSA. To qualify for a Federal Pell Grant, students must demonstrate significant financial need. Benedictine University splits the total award equally between fall and spring. For 2019-2020 the maximum award is $6,195 for full-time students with an Expected Family Contribution (EFC) on the FAFSA of 0. As the EFC index number increases, the Pell Grant funds decreases. For 2019-2020 a student's EFC must be below 5576 to qualify for a Pell Grant as a full-time student. In some cases, students may receive a prorated grant for part-time (9-11 hours); half-time (6-8 hours); and less than 1/2 time (1-5 hours) enrollment. Please contact the Office of Financial Aid if you have questions about an adjusted Pell eligibility for less than full-time enrollment.
Year-Round Pell Grant -- The Consolidated Appropriations Act of 2017 allows a student to receive Federal Pell Grant funds for up to 150% of the student’s Pell Grant Scheduled Award for an award year. Beginning with the 2017-2018 academic year, an eligible student may now receive a full Federal Pell Grant for summer, even if they received a full Federal Pell Grant during the fall and spring semesters. Year-Round Pell (YRP) allows students to receive up to 150% of a regular grant award over the course of the academic year so that they can continue taking classes in the summer and finish their degrees faster than they would otherwise.
To be eligible for the additional Pell Grant funds, the student must meet all general eligibility requirements to receive financial aid for the payment period and must be enrolled at least half time (6 credits) in the payment period. Eligible students may receive up to three Pell disbursements (150%) in one academic year. Dropping classes may impact a student’s eligibility, and may result in a balance due if funds need to be reversed.
Pell Grant recipients may take advantage of this new regulation to earn their degree faster. Students should consult with their academic advisor to develop a manageable course load for the shorter summer term. Students are required to take 6 credits during summer term.
Important Note: The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a federal law to 600%. If a student's lifetime eligibility used (LEU) equals or exceeds 600%, the student may no longer receive Pell Grant funding. The maximum period that students may receive the Federal Pell Grant is the equivalent of twelve full-time semesters.
Your Pell Lifetime Eligibility Used (LEU) percentage can be viewed by using your FSA ID and logging into "My Federal Student Aid". For further information about the Federal Pell Grant program, visit stidemtaod/ed/gov.
Federal Supplemental Educational Opportunity Grant (SEOG)
Federal Supplemental Educational Opportunity Grant (SEOG) -- is a campus-based program administered by the Office of Financial Aid. Undergraduate students with exceptional financial need are given priority for these limited funds. The maximum award amount varies annually according to an appropriation from Congress.
Students are automatically considered for SEOG funds when they complete the FAFSA. These funds are typically awarded to students with an Expected Family Contribution (EFC) of 0 who file the FAFSA each year timely. These funds do not need to be repaid.
For further information about the Federal SEOG, visit stidemtaod/ed/gov.
The Federal Direct Loan program is available to all students who are eligible to file a FAFSA. BU offers student loans as part of your financial aid offer notification. The U.S. Department of Education is your lender. A loan is money you borrow and must pay back with interest. When the student is enrolled at least half-time the interest on the subsidized loan is paid by the federal government, whereas, the interest on an unsubsidized loan is not. Students are offered unsubsidized loans who do not demonstrate financial need are responsible for the interest on the unsubsidized loan from the day it is disbursed.
Both the subsidized and unsubsidized loans are eligible for payment deferment while the student is enrolled at least half-time. For further information on Federal Direct Loans, including origination fees and interest rates, review this resource The Federal Student Loan Programs.
Federal Work-Study program (FWS) provides an opportunity for BenU students to earn a portion of their education expenses through part-time, on-campus employment. If a student is eligible to participate in the FWS program, a FWS offer amount will appear on their Financial Aid Offer Notification. FWS earnings are not credited directly to a student's account but the student is issued a bimonthly paycheck.
Benedictine University offers a number of paid student employment positions across campus, and interested students should consult the Human Resources website for all available work-study positions, and to complete the hiring process. This program allows students the opportunity to earn a component of their financial aid while developing critical employability skills, through an internship-like experience while also contributing to the campus community.
The amount of the FWS offer represents potential earnings from FWS employment. Actual earnings are based on actual hours worked and rate of pay. Students may work up to 20 hours per week when school is in session and up to 35 hours per week during university breaks.
The Minimum wage is paid.
If hired, the process continues with Human Resources in Lownik Hall, Suite 102. You will need to bring with you:
CARES Act Emergency Grant Quarterly Reports
CARES Act Students
CARES Act Institutional