Types of Financial Aid

Contact

Office of Student Financial Services

2 East South Street

Galesburg, IL 61401

309-341-7149

800-678-KNOX (Toll Free)

309-341-7453 (Fax)

financialservices@knox.edu

Grants, scholarships, work study, loans.

Learn more about the types of aid that may be available to you.

Scholarships and Grants

Scholarships and grants are gifts that do not have to be repaid. They are awarded by 51�Թ��, outside agencies, and state and federal governments.

51�Թ�� Scholarships
51�Թ�� offers a variety of scholarships that recognize your academic achievements, creative talents, service, and leadership.
Private and Outside Scholarships
51�Թ�� isn't the only possible source for grants and scholarships. Community organizations and foundations often have scholarships available.
Federal Grants
The and programs provide need-based grants to low-income undergraduate students to promote access to postsecondary education. Eligibility is determined by your FAFSA results.
State Grants
The State of Illinois Monetary Award Program (MAP) provides grant assistance to eligible Illinois residents demonstrating financial need as determined by them. Review details about the MAP Grant, including eligibility and limitations.
51�Թ�� Grants
Students may be eligible for grant funds from 51�Թ�� based upon financial need. Eligibility is determined by your FAFSA results.
Veteran's Benefits
51�Թ�� is a proud participant in the , a provision of the Post-9/11 Veterans Educational Assistance Act of 2008.

Campus Employment

Student employment and work study awards give you priority for campus jobs. Eligible students can work up to 10 hours per week and earn up to $4,000. Most work award recipients use their earnings to pay for personal expenses, books, and supplies.

Loans

We offer a number of loan programs to help you finance college costs. Loans—unlike gift aid—have to be paid back. Learn more about loans and financing options.

Subsidized Loans
Subsidized loans are awarded based on financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan while you're in school at least half-time, for the first six months after you leave school (grace period), and during a period of deferment. Federal Direct Stafford Loan maximums are $5,500 for first-year students, $6,500 for sophomores, and $7,500 for juniors and seniors.
Unsubsidized Loans
Unsubsidized loans are available for students even if the student does not demonstrate financial need and students whose parents are ineligible for the Federal PLUS Loan.