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Financial Aid

Financial Aid Options

Undergraduate Students

Undergraduate students receive aid from a number of sources. All students who file for financial aid are considered for federal, state and institutional aid in the form of grants, scholarships, loans or work study. In addition, new students may qualify for one of our academic scholarships. These are awarded to incoming freshmen based on high school grade-point average and ACT/SAT scores, and to transfer students based on college GPA.

Thinking about studying abroad while at SXU? Students may be eligible for financial aid for study abroad. Please speak with your financial aid counselor for more information.

Grants

Federal Pell Grant

The Pell Grant is a federally-funded program for undergraduate students with exceptional financial need. Award amounts range from $624 to $6,195 for the 2019-2020 academic year, and are available for full-time, half-time, and less-than-half-time enrollment. Eligibility is automatically evaluated annually, based on your FAFSA results.

Federal Supplemental Educational Opportunity Grant (SEOG)

SEOG is a federally-funded program for undergraduate students with exceptional financial need. Award amount ranges from $100 to $4,000, depending on your financial need, when you complete your FAFSA, the amount of other aid you receive and funding appropriations. Eligibility is automatically evaluated annually, based on your FAFSA results.

Illinois Monetary Award Program (MAP) Grant

The MAP Grant is a state-funded program for undergraduate students who demonstrate financial need and are Illinois residents, attending an Illinois school. Award amounts are based on the number of credit hours for which you are enrolled (minimum of three credit hours per term) with award amounts ranging from $534 to $5,340 for the 2019-2020 academic year, subject to state appropriations. Eligibility is automatically evaluated annually, based on your FAFSA results.

Saint Xavier University Grant

This program is University-funded gift aid for undergraduates with demonstrated financial need. Award amounts vary depending on financial need, amount of other aid and fund availability. Eligibility is automatically evaluated annually, when FAFSA results are received.

Minority Teachers for Illinois (MTI) Scholarship Program

MTI is a state-funded scholarship for minority students studying to become teachers, with the goal of increasing the number of qualified minority teachers in Illinois elementary and secondary schools with minority student populations of 30% or more. Eligible applicants must be enrolled at least half time as an undergraduate or graduate student. Award amount is up to $5,000 per academic year.

The MTI Scholarship requires an application in addition to the FAFSA. For more information and to submit an application, visit College Zone.

Federal TEACH Grant

This federal program provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Students must be admitted to SXU's Education Department and have a GPA of at least 3.25. Eligible students will be contacted by the Office of Financial Aid via email.

As a condition of receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach:

  • in a high-need field;
  • at an elementary school, secondary school, or educational service agency that serves students from low-income families;
  • for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.

To apply for TEACH Grant consideration, complete the TEACH Grant Initial and Subsequent Counseling and the TEACH Grant Agreement to Serve (ATS).

Golden Apple Scholars of Illinois

This Illinois program provides grants to students of up to $2,500 at the freshman and sophomore grade levels and up to $5,000 at the junior and senior grade levels. It encourages academically talented Illinois students to pursue teaching careers in teacher shortage disciplines or at hard-to-staff schools by providing tuition assistance. Receipt of the grant entails a teaching requirement, post-graduation.

Review eligibility criteria and application details for the Golden Apple Scholars of Illinois program.

Federal Direct Stafford Loans

Federal Direct Stafford Loans, from the William D. Ford Federal Direct Loan (Direct Loan) Program, are low-interest loans for students to help meet the cost of higher education. Eligible students borrow directly from the U.S. Department of Education. Federal Stafford Loans are subsidized and/or unsubsidized, depending on financial need.

Subsidized loans are for undergraduate students and are awarded based on financial need, as determined by the results of your FAFSA. The interest rate for loans borrowed for the 2019 to 2020 academic year is fixed at 4.53%, effective July 1, 2019. Repayment of the principal is deferred until six months after you graduate or cease half-time enrollment. The interest is paid by the government while you are enrolled at least half-time.

Unsubsidized loans are available to all students - undergraduate and graduate - who file the FAFSA, regardless of financial need. The interest rate for 2019 to 2020 loans is fixed at 4.53% for undergraduates as of July 1, 2019. Repayment of the principal is deferred until six months after you graduate or cease half-time enrollment. Interest accrues while enrolled. Deferment is available for interest payments.

Federal Stafford loan amounts vary depending on grade level and dependency status.

Federal Work Study

Federal Work Study (FWS) is money you earn by working on campus part-time, while enrolled in school, that will help pay your educational expenses.

Wages are paid jointly by federal funds and the University. FWS earnings are not deducted from your tuition bill, unless you elect to do so. The amount you are paid from FWS is dependent upon how much you work.

To determine if you qualify to participate in Federal Work Study, review your Financial Aid award letter in mySXU, under the Financial Aid heading in Self-Service.

Finding a Federal Work Study Job

Eligibility for, or acceptance of, this financial aid award does not guarantee employment. Browse work study job postings and apply for work online at Handshake.

What if I don't qualify for Federal Work Study?

For students who are not awarded Federal Work Study, on-campus employment may still be available. Contact Career Services at 773-298-3131 for details.

Federal Parent PLUS Loan

The Federal Direct PLUS Loan for Parents is a credit-based loan that parents may borrow on behalf of their dependent undergraduate students. Students must be enrolled at least half-time in a degree program to utilize this loan option.

Apply For a Federal Parent PLUS loan: to apply, the parent will Log In using their own FSA ID. If the parent applying does not yet have one, they can create an FSA ID online.

Visit the Parent PLUS loan page for more information.

Private Loans

Private Loans are credit-based loans, applied for through individual banks, lenders and credit unions, that help students "bridge the gap" between the financial aid they have been awarded and any additional amount they feel may be needed to help achieve their educational goals. A student, parent or other individual may be the borrower of a Private Loan, depending on the design of the loan product. Being approved for a Private Loan depends largely on the credit score of the borrower (and co-signer). With the continuation of tightened credit markets, the largely held belief is that the majority of students applying for Private Loans will need co-signers on the application in order to get approved.

Graduate Students

Graduate students have a number of options available to assist them in meeting educational expenses. Assistance is available from federal, state and institutional sources in the form of scholarships, loans or work study. In addition, many employers offer tuition reimbursement for college course work.

Unsubsidized Stafford Loan

The interest rate for 2019 to 2020 Stafford loans is fixed at 6.08% for graduate students, as of July 1, 2019. Repayment of the principal is deferred until six months after you graduate or cease half-time enrollment. Interest accrues while enrolled. Deferment is available for interest payments. To learn about loan amounts visit the Federal Unsubsidized Stafford Loan page.

GradPLUS Loans

The Federal Direct PLUS Loan for Graduate Students (GradPLUS) is a credit-based loan that graduate students may borrow to fund their education. Students must be enrolled at least half-time in a degree program. It is strongly recommended that students take full advantage of their Federal Stafford Loan eligibility before applying for a GradPLUS loan.

Federal TEACH Grant

This federal program provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families. Students must be admitted to SXU's Education Department and have a GPA of at least 3.25. Eligible students will be contacted by the Office of Financial Aid via email.

As a condition of receiving a TEACH Grant, you must sign a TEACH Grant Agreement to Serve in which you agree to (among other requirements) teach:

  • in a high-need field;
  • at an elementary school, secondary school, or educational service agency that serves students from low-income families;
  • for at least four complete academic years within eight years after completing (or ceasing enrollment in) the course of study for which you received the grant.

To apply for TEACH Grant consideration, complete the TEACH Grant Initial and Subsequent Counseling and the TEACH Grant Agreement to Serve (ATS).

Private Loans

Private Loans are credit-based loans, applied for through individual banks, lenders and credit unions, that help students "bridge the gap" between the financial aid they have been awarded and any additional amount they feel may be needed to help achieve their educational goals. A student, parent or other individual may be the borrower of a Private Loan, depending on the design of the loan product. Being approved for a Private Loan depends largely on the credit score of the borrower (and co-signer). With the continuation of tightened credit markets, the largely held belief is that the majority of students applying for Private Loans will need co-signers on the application in order to get approved. Visit the Private Loans page for more information.

Graduate Assistantships

Graduate assistantships are beneficial to both the graduate student and the academic or administrative unit. Through an assistantship, graduate assistants receive experience related to their field of study or experience at a professional level that may include utilizing research methods, project management and organizational communication skills.

Resources

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