Need-Based Grants
In addition to scholarships and loans, filing the FAFSA may qualify eligible students to receive grant funding based on financial need.
Federal Pell Grant
Pell Grants are awarded to undergraduate students who have not earned a bachelor’s or a professional degree. Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.
The maximum Pell Grant award for the 2022-2023 award year (July 1, 2022, to June 30, 2023) is $6,895. The maximum changes each award year and depends on program funding. The amount you receive, though, will depend not only on your financial need calculated by filing the (FAFSA) Free Application for Federal Student Aid, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.
Approximately 40% of Monmouth students qualify for and receive funding through the Federal Pell Grant.
Federal SEOG Grant
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Both full-time and part-time students can be considered.
Federal TEACH Grant
TEACH Grants are awarded to eligible students annually. Please go to studentaid.gov to complete the TEACH grant counseling and the Agreement to Serve (ATS).
In exchange for receiving a TEACH Grant, a student must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students and must teach for at least four academic years within eight calendar years of completing the program of study for which you received a TEACH Grant. IMPORTANT: If a student fails to complete this service obligation, all amounts of TEACH Grants that you received will be converted to a Federal Direct Unsubsidized Loan. For more detailed information, please visit: TEACH Grant Program
State of Illinois (MAP) Monetary Award Program Grant
The Monetary Award Program (MAP) provides grants to Illinois residents who attend approved Illinois colleges and demonstrate financial need, based on the information provided on the Free Application for Federal Student Aid (FAFSA). You are not required to submit high school grades or test scores when applying for a MAP grant.
Approximately 50% of Monmouth students qualify for and receive funding through the Illinois MAP Grant program. Currently, the maximum annual Illinois MAP Grant is $7,200.
State of Illinois RISE Act
The Retention of Illinois Students and Equity (RISE) Act allows eligible undocumented and transgendered students who are disqualified from federal financial aid to apply for and receive MAP grant funding to attend college in Illinois. Qualified students should complete the Alternative Application for Illinois Financial Aid.
Monmouth College Grants
In addition to the state or federally funded grant prorams, Monmouth offers millions of dollars of grant funding to our students each year. The amount of the grants vary from student to student and are based on a student’s entire academic and financial profile. Currently, 99% of our students receive grants and/or scholarships from the College. Monmouth grants are available to all students, including those not eligible for federal financial aid.