Get the help you need to pay for college
The Kendall College Office of Financial Aid considers itself to be in a partnership with you and your family in financing your college education. Each partner contributes as much as it can. You have the primary responsibility for funding your education to the extent that you are able. Kendall, in turn works in tandem with federal, state, and outside scholarship agencies to provide additional resources that help you pay your educational expenses at Kendall College.
Financial Aid Simplified
Applying for financial aid is easier than you think. At Kendall College, we’ll connect you with an experienced Financial Aid Advisor, who can guide you and your family step-by-step through the application process, from start to finish. We take the mystery out of financial aid and make sure that you receive the help you need to pay for college. It’s that simple.
In a nutshell, financial aid is money provided by a source outside of your family to help pay for the cost of your college education. Two main types of aid are available: need-based and non need-based. Need-based aid is based on your financial resources and ability to pay. Non need-based aid, often referred to as merit-based aid, is awarded in recognition of special skills, talent, or academic achievement.
Four categories of financial aid are available to you: Grants, Loans, Scholarships, and Federal Work Study. This aid comes from four different sources: The Federal Government, State of Illinois, Kendall College, and private sources. Kendall offers many different scholarships—call our Financial Aid Department at 866-803-9988 or email financial_aid@kendall.edu to learn more.
See the application process for a list of simple steps you can follow to apply for financial aid at Kendall College.
Determining Need-Based Financial Aid
The financial aid process measures your family’s financial resources against the overall cost of attending Kendall College. Aid is determined based on a Federal Government calculation, your “cost of attendance,” and meeting specific eligibility criteria. It’s not nearly as complex as it sounds. The bottom line is that you are expected to pay what you can afford, and financial aid—grants, scholarships, loans, and work study—can help take care of the rest. So you can attend college, and secure your future, without hitting any major financial roadblocks.
Cost of Attendance - Expected Family Contribution = Financial Need
Definitions
Your cost of attendance is based on a standard student expense budget, which reflects the typical education costs for Kendall College students. A standard budget includes the costs of tuition, fees, room, board, and miscellaneous expenses. Please see the Tuition & Fee Chart for direct costs. Regarding 2007-08 indirect costs, Kendall College estimates $3350/quarter room and board budgets for students attending at least half time and living on or off-campus. The room and board budget for students attending at least half time but living with their parents is $1850. Transportation expenses are estimated at $400/quarter for students attending at least half time, and $200/quarter for those attending less than half time. Miscellaneous expenses such as clothing, entertainment, personal items are estimated at $1612/quarter for students attending at least half time..
The Expected Family Contribution (EFC) is the amount you and your family are expected to pay toward your cost of attendance. The EFC is determined by information submitted on the FAFSA (Free Application For Student Aid). More information at FAFSA.