Home > Student Services > Becoming A Student > Financial Aid

Financial Assistance Available to Students

For any financial aid related questions please e-mail: finaid@clcillinois.edu

Financial aid is designed to help bridge the gap between the student's resources and the costs associated with attending college. There is usually some type of financial aid available to help students no matter what their financial status may be.

There are three types of aid available; grants, loans, and employment. A financial aid counselor will determine the best possible combination of these resources for the student. The financial aid counselor uses a formula to calculate financial need. Factors such as family size, savings, and income are taken into consideration. College costs minus expected family contribution equals financial need.

There are special programs available to veterans and senior citizens. There is a loan to meet emergency expenses available to students not based on financial need. There are other sources of financial aid available through the generosity of private citizens and local business organizations.

When you apply for financial aid, you want to make certain that you complete the free Application for Federal Student Aid and the CLC Financial Aid Application. Most students, except veterans, must have this information on file to be considered for financial aid monies. Veterans have other forms to complete. These forms are available in the Financial Aid office.

CLC will report veterans on academic restrictions to the Veterans Administration. Veterans will be required to complete VA Form 22-8873 (Supplemental Information For Change Of Program Or Reenrollment After Unsatisfactory Progress Or Conduct) to have any benefits reinstated.

Students need to be aware that there have been changes in federal regulations for refunds and repayments of financial aid funds received by students who totally withdraw from classes within a semester. Students who withdraw totally from their classes should contact the Financial Aid Office to determine how these regulations affect them. Some students in this type of situation could be required to repay financial aid received.

For more detailed information concerning financial aid programs, refer to the current Financial Aid Brochure or contact the Financial Aid/Veterans Information Office located in Room B114. Every effort will be made by the Financial Aid office staff to assist students to identify financial aid sources so that they may be able to take advantage of financial aid to help pay college costs.

College of Lake County Foundation Scholarships and Grants

The College of Lake County Foundation is a private non-profit organization incorporated under the laws of the state of Illinois. One of its purposes is to raise funds for scholarships and grants for students at the College of Lake County. During 1997-98, six large scale scholarship and grant programs and approximately 40 single scholarships, each with separate criteria, are funded by the Foundation. The major programs are:

Academic Achievement Transfer Scholarships provide tuition and comprehensive fees for selected students with a record of academic achievement who are planning to earn an A.S., A.A. or A.E.S. degree.

Career Awards provide tuition and comprehensive fees for one year of study by selected students demonstrating talent in one of the college's career or technical areas.

Diversity Awards provide tuition, comprehensive fees and books for selected minority students who demonstrate a commitment to further education.

ESL College Opportunity Awards provide tuition and comprehensive fees for selected students who have completed English as a Second Language instruction and now plan to enter a college credit program.

GED/High School Completion College Opportunity Awards provide tuition and comprehensive fees for selected students who have earned their GED or successfully concluded a high school completion program after being out of school for an extended period.

Leadership Grants support selected students participating in co-curricular activities within student activities or literary and performing arts.

Most Foundation scholarships and grants are designed to benefit students who need financial assistance, even those who do not qualify for other forms of financial aid. Students interested in full descriptions of Foundation scholarships and grants are encouraged to request a full brochure, including applications, from the Financial Aid office, room B 114 on the Grayslake Campus. Brochures are also available at Lakeshore Campus and the Southlake Educational Center.

The CLC Foundation also funds innovative educational and cultural programs involving faculty and students. The Foundation's long-range plans include raising funds for equipment, facilities, and an endowment. In addition, the Foundation serves as an administrative channel for gifts to the college which have included cash, securities, works of art, library materials and major gifts. All gifts to the Foundation are tax deductible to the extent provided by law.

The Foundation office is room B108 on the Grayslake Campus. For information phone (847) 543-2400 or visit the Scholarship Opportunities page.