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Types of Financial Aid


Grants, scholarships, tuition waivers, loans and student employment are available to RLC students. Students who are eligible for financial aid may defer payment of tuition, fees, books, and supplies up to the amount of aid they are receiving. 

GRANTS

Federal Pell Grant ▼

The Pell Grant is a federally funded program that helps undergraduates pay for a college education. It is based on financial need and does not have to be paid back. Current eligible expected family contribution (EFC) numbers range from $0 - $5,198. The current range of the pell grant is $626 - $5,775. The Federal Pell Grant provides gift money for college-related expenses to students demonstrating financial need. To apply, a student needs to fill out the (FAFSA) or may apply over the Internet at http://www.fafsa.gov

Federal Supplemental Educational Opportuity Grant (FSEOG) ▼

FSEOG is a federally funded program to help students with the greatest financial need. All students who fill out the FAFSA will be considered for FSEOG with awards going to students demonstrating exceptional need. Rend Lake College awards FSEOG ranging from $300-$600.

ISAC Monetary Award Program (MAP) ▼

Provides gift money for payment toward tuition to eligible students who are and have been Illinois residents for a year prior to the start of the academic year. This grant is based on financial need as determined from information obtained from the FAFSA application.

STUDENT LOANS


How do student loans work? ▼

Rend Lake College offers alternative educational loans to students who need additional financial assistance beyond grants, scholarships, and federal work study. These student loans are offered by private banks and lending institutions. Interest rates, repayment options, and terms vary by lender. Most students will need a credit-worthy co-borrower to increase the probability that the loan will be approved and ensure the lowest interest rates.

Students can usually meet their educational costs through a combination of financial aid and family resources. It is only when all resources do not meet educational costs that a student should consider borrowing an alternative loan. Students should carefully consider whether borrowing is the best option for them.

Students interested in borrowing a loan should complete the steps below.

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Complete your FAFSA ▼

  • Students interested in borrowing an alternative loan must have a valid Free Application for Federal Student Aid (FAFSA) on file with Rend Lake College.
  • Complete your FAFSA online HERE

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Choose a lender ▼

  • Rend Lake College has two preferred lenders. Students can also choose an alternative loan lender not on the preferred lenders list.

  • Sallie Mae 
    Sallie Mae helps simplify the process of financing an undergraduate education, with a selection of competitive undergraduate student loans. With loan features such as low interest rates, full education coverage, a choice of repayment-options, and rewards for paying loans on time, you can worry less about financing your education — and invest more of your energy towards being a student.

    (877) 279-7172

    Salle Mae website


  • Wells Fargo 
    Wells Fargo offers undergraduate students flexible private loan options to cover tuition and other eligible education expenses.  No payments are due while the student is enrolled, the application process is quick and easy, rates are competitive, and there are no origination fees. Before borrowing a loan through Wells Fargo, students should read the following disclosures:

    Wells Fargo Disclosure 1

    Wells Fargo Disclosure 2

    To apply for a Wells Fargo loan, call or apply online
    (800) 378-5526, option 3
    Wells Fargo website

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Check with Financial Aid ▼

  • Check with the Financial Aid Office to Ensure Loan Processing. (618) 437-5321 ext. 1298
  • The Financial Aid Office will be notified that a loan is awaiting action from the school.
  • It may take a few days for the loan to be processed and an award letter mailed to the student.
  • We will not certify alternative loans for an amount that exceeds the student’s cost of attendance minus other financial aid the student is receiving.
  • After the loan is certified, the lender will send the loan funds to RLC, and we will make a final assessment of the student’s eligibility.
  • If the student remains eligible, the funds will be transferred to the Business Office and applied to outstanding charges. If there are loan funds remaining, refunds will be disbursed via the RLC Access Card 30 days into the semester.

note icon IMPORTANT!!! During the application process, you must choose one of the following loan periods.

Summer 2017 Loan Period - 06/05/2017 to 07/28/2017        

Fall Only 2017 Loan Period – 08/14/2017 to 12/07/2017

Fall/Spring 2017/18 Loan Period – 08/14/2017 to 05/10/2018                 

Spring Only 2018 Loan Period – 01/08/2018 to 05/10/2018

STUDENT EMPLOYMENT

The Financial Aid Office administers both the Federal Work-Study and the Institutional Work-Study program. To apply for student employment, you must fill-out the FAFSA form and a Rend Lake College student employment application. Student employment is available to students enrolled at least half-time, with priority given to full-time students.

SCHOLARSHIPS

Application Requirements

  1. Complete the entire scholarship application. Only one application needs to be completed for consideration of most RLC Foundation scholarships. For additional scholarship opportunities visit our 
    Other Scholarship Opportunities page.

  2. Submit to the Rend Lake College Foundation, a copy of your most recent transcript. This is in addition to the transcript you sent to other RLC offices. High school seniors and first-time college students must submit a copy of your high school transcript. Continuing college students must submit a copy of your college transcript.

  3. Submit at least one letter of recommendation to the Rend Lake College Foundation.

  4. All students applying for a Rend Lake College Foundation scholarship are required to complete the Free Application for Federal Student Aid (FAFSA). You may apply online at www.fafsa.ed.gov or at the Rend Lake College Financial Aid Office.

How to Submit an Application

  1. Complete and submit an application online at http://www.rlc.edu/rlc-foundation.
      Application deadline:  February 29, 2016.
      We will continue to accept applications after the deadline, but please know preference will be given to students meeting the due date.

  2. Submit transcripts and letters of recommendation to:

    Scholarship Coordinator

    Rend Lake College Foundation
    468 North Ken Gray Parkway
    Ina, IL  62846

Scholarship Awards

  1. The final scholarship recipients will be selected by RLC Foundation Scholarship Committees.

  2. Scholarship award recipients will be notified at their high school awards program, graduation, or by letter of their award after May 1, 2016.

  3. Scholarship applications will be kept on file for the academic year in the event that additional funds become available.

  4. The RLC Foundation reserves the right to review a scholarship recipient’s performance and revoke the scholarship if deemed necessary.

Contact information

  1. If you move of change phone numbers, please remember to contact the RLC Foundation so we are able to contact you if chosen for a scholarship.

REND LAKE COLLEGE ACADEMIC AWARDS


Academic award recipients are selected by award committees led by the Deans of the college. Academic awards are given in varying dollar amounts based on several factors. The recipient must:

  • Have a Free Application for Federal Student Aid (FAFSA) on file with the Financial Aid office
  • Be a full-time student and maintain that status
  • Maintain a 2.5 GPA or higher for each semester and a 2.5 GPA overall
  • Remain enrolled in the program for which the award was initially granted
  • Submit a letter of recommendation

Recipients of academic awards may reapply each year. More information is available from the Financial Aid office in the Administration Building, ext. 1298. 


Office of Financial Aid
Phone: (618) 437-5321 Ext. 1288
Email:
Address: 468 N. Ken Gray Parkway, Ina, IL 62846 Attn: Financial Aid
Fax Number: (618) 437-5677 Attn: Financial Aid

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