Applying for Financial Aid
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The curricula offered at Morrison Institute of Technology have been accredited by a nationally recognized accrediting agency, and qualified students, therefore, may take advantage of a number of federally funded student financial aid programs. Financial Aid for students who are currently enrolled is renewable provided that financial applications are submitted on time, the student's family continues to demonstrate eligibility and the student meets prescribed academic progress standards as outlined in the college catalog.
2023 - 2024 Free Application for Federal Student Aid (FAFSA)
The FAFSA is required if you are requesting institutional, State, and/or federal financial aid. Our federal school code is 008880.
Applying for financial assistance to meet your financial obligations in achieving your educational goals is as easy as one, two three.
Create FSA ID
Complete FAFSA
Visit With Financial Aid Officer
NET PRICE CALCULATOR
Let us show you how affordable your college education can be at Morrison Institute of Technology. Below is the online Net Price Calculator to assist you with calculating your “estimated” educational cost. Please be advised that the calculator is for estimating purposes only and shall not be binding on Morrison Institute of Technology. Final eligibility for aid is subject to the student completing the FAFSA, meeting eligibility, meeting the priority deadline, and availability of funds. For more information on applying for Federal student aid, go to https://studentaid.gov/h/apply-for-aid/fafsa
Grants
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
State of Illinois Monetary Award Program (MAP)
Scholarships
Academic Scholarship
Performance Scholarship
Family Scholarship
Private Scholarships
Loans
Subsidized Federal Direct Loans
Unsubsiduzed Federal Direct Loans
Federal Direct Parent Plus Loans
Federal Verification Requirements
If your FAFSA is selected for verification by the Department of Education and you did not use (or are unable to use) the IRS Data Retrieval Tool (DRT), you will be required to complete a Verification Worksheet and provide the college with an IRS Tax Return Transcript. Please note that the federal government requires us to collect this information, even if you have already provided us with copies of your federal income tax returns. You may obtain information on obtaining an IRS Tax Return Transcript at this link: https://www.irs.gov/individuals/get-transcript
Copies of tax returns, W-2 forms, and any supplemental forms and information should be mailed to:
Morrison Institute of Technology
Student Financial Aid Services
701 Portland Ave.
Morrison, Illinois 61270
Or you may email: finaid@morrisontech.edu
Or fax to: 815-772-7584
Student Loan Entrance Counseling
If you have not previously received a Direct Loan or Federal Family Education Loan (FFEL), the Federal Government requires you to complete entrance counseling to ensure that you understand the responsibilities and obligations you are assuming.
If you are completing entrance counseling to borrow a loan as an undergraduate student, then the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.
If you are completing entrance counseling to borrow a loan as a graduate or professional student, the entrance counseling will fulfill counseling requirements for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
Who should complete this?
- Students who have not previously received a subsidized/unsubsidized loan or PLUS loan (graduate/professional students only) under the Direct Loan Program or Federal Family Education Loan (FFEL) Program.
How long will it take?
The entire counseling process must be completed in a single session. Most people complete counseling in 20-30 minutes.
What do I need?
- Verified FSA ID
- School Name
- Your student account information
- A copy of the Award letter from Financial Aid office
- Listing of tuition and fees
- Details of your income and living expenses
To learn more about Entrance Counseling and complete counseling, pick on the link below:
Typical Financial Aid Package
A typical student financial aid package will be made up of several different available programs. The Financial Aid Officer will meet with you personally to develop the plan that will best meet your needs.