College Financial Aid Crisis Growing in Illinois

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Services for Real Estate Pros with Digital and Direct Response Marketing

Illinois MAP scholarships are in a crisis 

“Illinois turns away 27,000 for financial aid,” an article in the Chicago Tribune last week, reports some grim news for students who have been counting on scholarships from Illinois’s state-funded Monetary Award Program (MAP) program. 

Here’s the crisis in a nutshell . . . 

  • This May, 27,000 eligible applicants were turned away because Illinois didn’t have enough money to cover MAP scholarships. 
  • Those 27,000 students are part of an even bigger group. In the academic year that just ended, a total of 120,000 eligible MAP applicants were turned away. (Compare that to 60,000 the year before.) And the crisis is expected to grow dramatically in the year ahead. 
  • The majority of students – 17,575 of the 27,000 – were seeking small loans to help pay for their tuition at public community colleges. 

This crisis in educational funding is not unique to Illinois – it’s also being played out in California, Massachusetts and other states. But maybe companies like StraighterLine (where I now work) can help. If you're a student (or know one) in Illinois or elsewhere who needs help trimming college costs, explore the advantages of taking online cost-effective college courses.  StraighterLine courses are not going to solve the crisis in IL but it can help you take your freshman year courses for less.

 

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