MAP grant funds depleted early in financial aid season

The Monetary Award Program, or MAP grants, has already run out of financial aid for the 2013-2014 school year.

The deadline was Mar. 2, meaning if students did not have their financial aid applications in by Friday, the Illinois Student Assistant commission said the state will probably not have enough money to award more grants.
WCBU reported that Commission spokesman John Samuels said Mar. 1 was the earliest the state ran out of money for the program.

“It used to be 10 years ago that MAP was available year-round,” Samuels said. “But the demand has increased so dramatically, and tuition costs have gone up so high, that we’re now able to provide grants for fewer than half of the students who apply.”

Because the MAP grants are awarding on a first come, first serve basis, Bradley’s Executive Director for Financial Services Dave Pardieck said Bradley families were reminded of the deadline.

He also said the department will assist families who filed after.

“We are reasonably certain that most of our families filed in time for the Mar. 2 cutoff,” Pardieck said. “We will just work individually with those students who filed after and are not able to receive a MAP grant.”

Pardieck said the university will continue to look out for its students’ financial capabilities.

“Like always, we keep a weather eye on the situation and see what happens,” he said.