SCHOLARSHIPS AND EMERGENCY FINANCIAL AID

Website visitors please note: ACI does not accept applications for scholarships. Scholarship funds are distributed across ACI’s 27 member institutions and are made available only to students enrolled at these colleges and universities. If you attend (or have been accepted by) one of ACI’s 27 member colleges, contact your campus’ financial aid officer to inquire about eligibility for an ACI scholarship.

ACI’s Scholarships and Emergency Financial Aid puts private higher education within reach of an ever more diverse student population. The growth in our nation’s college-age population is primarily among low-income families, and financing higher education has become a challenge even for middle-income families — so ACI’s Scholarships and Emergency Financial Aid is increasingly important to make college affordable for many families. In the 2019-2020 academic year, ACI provided funds for 309 scholarships and emergency financial aid totaling $527,200, funded by corporations, foundations and individuals. Since 1990, ACI’s Scholarship Program has provided more than $4.4 million in financial aid and emergency financial aid to more than 2,600 students at ACI member colleges and universities across Illinois.

ACI Scholarships and Emergency Financial Aid creates a pool of funds allocated among the member colleges and universities each spring, when financial aid officers are designing aid packages for students for the upcoming fall semester. Member institutions administer the scholarship application process and report back to ACI about the recipients.

ACI’s Scholarships and Emergency Financial Aid includes:

Named Scholarships: Scholarship donors may target support to students who meet specific criteria (for example income or gender) or who are pursuing specific career paths (teaching, nursing, etc.), or who are working as ACI peer mentors to support underserved students. Scholarships may be given in honor or memory of a loved one or colleague; they may be given annually or endowed in perpetuity; and they may be designated as one-year or multi-year awards.  See our flyer.

Emergency Financial Aid: Thanks to a pool of funds provided by the McGraw Foundation and Fifth Third Bank, ACI can help meet the needs of students facing unanticipated personal or financial hardship – and ensure that these students can benefit from the distinct advantages of private higher education, even if they suffer reversals of fortune after enrolling at an ACI institution. All ACI member colleges and universities receive a share of ACI’s Emergency Financial Aid, which can be awarded by financial aid officers throughout the year, whenever students present compelling needs for help with tuition and other education expenses.

To arrange for a named scholarship, or help grow ACI’s Emergency Financial Aid Fund, contact Mick Weltman at mweltman@acifund.org.

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Associated Colleges of Illinois is a not-for-profit corporation exempt under section 501(c)(3) of the Internal Revenue Code. Contributions are tax deductible as provided by law. ©2020 Associated Colleges of Illinois

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