Tuition and Aid
Resources are available to help pay for your program. In order to access these resources, the first step is to complete the Free Application for Federal Student Aid (FAFSA). Dominican University’s school code is 001750.
Federal Pell Grant
This grant from the federal government is awarded only to students who demonstrate financial need. Award amounts are determined by the Expected Family Contribution (EFC) and enrollment status. Students continue to receive the Pell Grant as long as they still demonstrate financial need levels that make them eligible and do not reach their Pell lifetime limit award amount.
Federal Supplemental Educational Opportunity Grant (SEOG)
The Federal Supplemental Educational Opportunity Grant (SEOG) Program is awarded to undergraduate students who demonstrate the most significant financial need, typically students with a $0 EFC. Awards are subject to availability of funds and range from $300–$1,600 per year.
The state of Illinois’ Monetary Award Program (MAP) provides grants to Illinois residents attending colleges in the state. The maximum grant is currently $5,496. State of Illinois MAP Grant Policies (pdf)
Student and Private Loans
Loans are an important part of financial aid packages. Yes, they must be repaid, but there are smart ways to borrow. For starters, the federal government student loans included in many aid package come with many benefits not typically offered with private bank loans:
- You don’t have to repay any of it until six months after you leave school.
- The interest rate is often lower. It’s also fixed; it will never rise.
- The government pays the interest for you on subsidized loans while you’re in school. (With unsubsidized loans, you may want to consider making interest payments while still in school).
- Take only what you need. You can cancel all or part of your loan if you don't need it.
- Review the many loan repayment plans available including income-based repayment.
- Check out this sample loan repayment schedule.
Borrowed funds typically offered by private lenders that can help with educational and living expenses not covered by other financial aid. Learn more about private loans.