Financial Aid Checklist

Free Application for Federal Student Aid (FAFSA)

Complete the FAFSA in order to be considered for student financial aid from Federal, State, and University programs that include financial need as a criteria. Also, a FAFSA must be on file with Millikin if you wish to obtain a student loan. Millikin’s School Code is 001724. In order to sign the FAFSA electronically, you will need to have a FSA ID.  Both the student and the parent will need a FSA ID.  You can create your FSA ID here: fsaid.ed.gov.  Once your FSA ID is activated, you can continue to the FAFSA site at www.fafsa.govBeginning 2017-18 the FAFSA site will be ready for you to file your FAFSA October 1, 2016.

Student Aid Report (SAR)

After completing the FAFSA, you will receive a report of the information you submitted, or a SAR. Review this information thoroughly and make any corrections necessary. You can return anytime to www.fafsa.gov to review, print, or correct your information OR you can contact Millikin to make these changes for you. Accurate information is very important to ensure a correct financial aid package.

Applying for Millikin University Scholarships

An application for admission and a FAFSA are the only two forms necessary to be considered for any merit or need-based student financial aid programs at Millikin.

Accept and Sign Loans

If you plan to accpet your loans, please visit the myMILLIKIN portal to accept your loans online. Remember to complete the Master Promissory Note and Loan Entrance Counseling on the loan program page.  

Prepare for College

Federal Student Aid offers valuable information on types student aid and loans.

Enrollment

To be eligible for all Millikin financial assistance, a student must maintain an enrollment of 12 credit hours (full-time status) per semester. Pell Grant recipients should also maintain an enrollment of 12 credit hours per term to receive the full award amount. Illinois residents who are eligible for the State of Illinois Monetary Award Program (MAP) Grant, must maintain 15 credit hours per term in order to receive the full award amount. Enrollments less than 15 hours will be pro-rated according to actual registration. For Federal Loan Eligibility, student loans and parent loans require students to be enrolled at least half time (6 credit hours per semester).

Renewability

Financial aid based on merit or talent will be renewed for a maximum of eight semesters, provided students continue to meet the requirements of the specific program. Specialized scholarship programs may have more stringent requirements than University standards. In those instances, the program supersedes. Please work with the administrator of the scholarship program.

Work Study Jobs

Millikin employs hundreds of student employees each academic year. Many students are offered the opportunity to work under the Federal Work-Study program, via their financial aid award notification.  If you are interested in taking advantage of the Federal Work-Study offer, please visit our list of jobs at BigBlueJobs or visit the Career Center.

Payment Plan Options

Yes, we have those – please visit the Student Financial Services Payment Options page.