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FINANCIAL AID |
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Sparks College makes every effort to assist students in applying for federal financial aid.
In order to be eligible for financial aid at Sparks College, a student must be:
(1) A citizen of the United States or a permanent resident alien attending Sparks College;
(2) A high school graduate from an accredited high school, or have a GED diploma or High School Equivalency Certificate issued by the Superintendent of Education;
(3) In good standing and making satisfactory progress;
(4) Not in default as a borrower or cosigner on a student loan or owing a refund to an educational grant program.
Transfer students must meet the
same
requirements and submit a Financial Aid Transcript from previously
attended
school.
FEDERAL PELL GRANT The Pell Grant is an award that does
not have to be repaid. Pell Grants are awarded only to
undergraduates
who have not earned a bachelor's or professional degree. Applying
for the Federal Pell Grant is the first step of the financial aid
process. Prospective students may complete a
Free
Application for Federal Student Aid to determine
eligibility for
part or all of the Pell grant. The FAFSA may be filled out on-line at FAFSA
on the Web at www.fafsa.ed.gov or may be returned to Sparks for
electronic filing. FEDERAL STAFFORD LOANS The FFEL Stafford Loans are the
major form of
self-help aid. The loans are made available through the Federal Family
Education Loan Program. Loans may be applied for by the student or by
parents
of dependent students. On-line student loan counseling is
available
at www.mapping-your-future.org/oslc . All Federal grants and loans are
designated
for educational purposes. ILLINOIS STUDENT ASSISTANCE
COMMISION
(ISAC) ISAC is another means of gathering information
on planning
for college and the financial aid process. Its on-line service provides
information such as:
