Impact of Federal Sequester
The budget cuts that went into effect on Friday, March 1, 2013 have resulted in reductions to TEACH Grant funding for grants that will have a first disbursement after March 1, 2013.
The funding amount will be cut by 7.1% from the award amount that a student would have originally been eligible to receive. The reduction is specific to an individual student’s eligibility. For example, a student who was eligible for $2,000 for the 12-13 academic year would now be eligible for $1,858.
Please note that these changes only impact students whose first disbursement of a TEACH Grant is after March 1, 2013.
What is a Grant?
A grant, like a scholarship, is a financial aid award that you do not have to pay back. All grants available to National Louis University students are funded by federal or state government and require a separate application process from regular NLU admissions.
Grants for National Louis Students
The following grants are open to all NLU undergraduate students. The only grant program open to graduate students is the TEACH Grant.
- Federal Pell Grant – The amount of this need-based grant is based on the financial information you provide in your FAFSA. The maximum grant amount for the 2011-2012 academic year is $5,550.
- Federal Supplemental Educational Opportunity Grant (FSEOG) – These grants are reserved for students with the greatest demonstrated financial need and are often awarded to supplement a Pell Grant.
- Illinois State Monetary Award Program (MAP) – Similar to a Pell Grant, this need-based grant is awarded to Illinois residents or dependents based on information submitted in your FAFSA.
- TEACH Grant – This federal grant is available to both undergraduate and graduate students who commit to teaching four years in a high-need field in a school serving low-income students. The TEACH Grant is for NLU students already enrolled in an education program. For more detailed information, view the National Louis University information sheet on the TEACH Grant.
- Students interested in receiving the TEACH Grant should complete the online application here.
Questions? Contact Us
Don’t hesitate to contact the Office of Student Finance if you have any questions about your eligibility for NLU grant programs.