Student Life, students on campus

Financial Literacy, Information & Forms

Financial Literacy

Here are a few helpful resources as you plan your investment in Benedictine University.

Resources for Parents

Exit Counseling Information

All Federal Loan borrowers who ceased enrollment at BenU are required to complete an online exit loan counseling.

For further questions, or to set up an appointment with the Office of Financial Aid, please contact us at [email protected] or (630) 829-6100. Our office is located on the 2nd Floor, Suite 214, Goodwin Hall


Information & Forms

Further detailed information regarding each subject and retrieval of PDFs forms are available by clicking each titled box.

Uploading Documents

Submit all documents to the Office of Financial Aid on this secure link. Please include your name and BenU ID on each page.

Free Application for Federal Student Aid (FAFSA)

Students should complete their FAFSA as soon as possible each year starting on October 1. This free application serves as a gateway for all federal, state, and Benedictine University need-based financial assistance. Include Benedictine University’s federal school code: 001767 so that the results of your FAFSA application will automatically be sent to BenU’s Office of Financial Aid.

Verification

The federal verification process acts as a quality control measure; the U.S. Department of Education (ED) approximately selects one out of every three FAFSA applications to complete this process. Students required to complete the verification process will not receive any federal funds until the requested documents have been submitted and reviewed by the Office of Financial Aid.

Circumstance Appeal Information and Forms

The Office of Financial Aid reviews a student’s circumstances appeal to determine, on a case-by-case basis, if a change in the Student Aid Index (SAI) is needed. A review of your circumstances does not guarantee that you will be offered additional financial aid funds thus, if you have a Student Aid Index (SAI) of “0” or less, you are receiving the maximum amount of financial aid.

Reconsideration Additional Financial Aid

Mission Fund will assist students who are on their way toward earning a degree but encounter a hardship during their time at Benedictine University. A family emergency or unexpected expense can derail a student and limit their educational opportunity. Click on the yellow box to open the application and submit the form to the Office of Financial Aid at [email protected].

Citizenship Requirement

Per federal regulations, prior to posting federal funds, some students may be required to submit a copy of their original citizenship document to the Office of Financial Aid.

If you are not able to provide the document in person, please complete the Certification of True, Exact, and complete Copy of the Original Documents form.

Veteran

The student must first apply for benefits directly with U.S. Department of Veteran Affairs. Once you have completed your Veterans educational benefit application, the Veteran Affairs will send you a Certificate of Eligibility. The Office of Financial Aid will certify your enrollment at Benedictine University with the Veteran Affairs.

Veteran Forms

Please submit a copy of your Certificate of Eligibility and a copy of your DD214 along with our BU VA Educational Benefits Form to the Office of Financial Aid.

Satisfactory Academic Progress Policy for Financial Aid Recipients

Federal regulations require Benedictine University to establish standards of Satisfactory Academic Progress for students receiving federal and state financial aid. Financial aid recipients at Benedictine University are expected to maintain Satisfactory Academic Progress (SAP). The SAP criteria contained in the policy are applied annually to all students. Minimum standards of academic progress are established to encourage students to successfully complete coursework within a timeframe and make successful progress towards a degree.

Consortium Agreements

A Consortium Agreement is a contract between two colleges or universities recognizing the student’s registration at each site for financial aid purposes. The consortium agreement also certifies that the home university will administer Title IV financial aid for the student.

Other Assistance Programs

Affordable Connectivity Program

The Affordable Connectivity Program (ACP) is a U.S. government program run by the Federal Communications Commission (FCC) program to help low-income households pay for internet service and connected devices like a laptop or tablet.

You are likely eligible if your household’s income is below 200% of the Federal Poverty Line, or if you or someone you live with currently receives a government benefit like SNAP, Medicaid, SSI, WIC, Pell Grant, or Free and Reduced-Price Lunch.

Illinois Supplemental Nutrition Assistance Program

The Illinois Supplemental Nutrition Assistance Program (SNAP) provides supplemental income for purchasing food for low-income households. An eligible person or family receives an Illinois Link Card or an Electronic Benefits Transfer (EBT) card, which is used like any other debit card at the grocery store. The card uses money from a SNAP account set up for the eligible person or family to pay for food items. Students attending an institution of higher education, like a college, university, trade school, or technical school more than half-time (6 or more credit hours at Benedictine University) are eligible for SNAP if they meet an exemption and meet all other SNAP eligibility requirements. 

Arizona Nutrition Assistance Program

Nutrition Assistance (formerly the Food Stamp Program) is Arizona’s program for the Food and Nutrition Service (FNS) Supplemental Nutrition Assistance Program (SNAP).

Nutrition Assistance provides eligible households with monthly benefits they can use to purchase nutritious food. By helping families fight food insecurity and meet one of their fundamental needs, they can focus on overcoming barriers to self-sufficiency.

For further questions, or to set up an appointment with the Office of Financial Aid, please contact us at [email protected] or (630) 829-6100. Our office is located on the 2nd Floor of Goodwin Hall