SAIC is closely monitoring the COVID-19 outbreak. The best way to contact Student Financial Services is via email: email@example.com . Visit saic.edu/alerts for the latest information. We appreciate your patience.
Students: If you are experiencing financial difficulties due to the COVID-19 pandemic, you may apply for SAIC Emergency assistance here. Only students may access this form using their SAIC Google email account.
The School of the Art Institute of Chicago's (SAIC) Student Financial Services office strives to attract qualified students from diverse economic backgrounds. We think of financing a student’s costs for private higher education as a partnership among the family, the federal and state governments, and SAIC.
Generally, students must be enrolled at least half-time to receive federal aid (including loans) in addition to other eligibility requirements per federal regulations. Students may receive a prorated amount of institutional aid or the Illinois State MAP Grant (if eligible) for any enrollment status of credit hours,in most cases, in addition to other eligibility requirements per state and institutional regulations/policies.
Higher Education Emergency Relief Fund Reporting – Emergency Financial Aid Grants to Students – Public Announcement
On July 7, 2020, SAIC received notification from the Department of Education that its application for $1,083,887 in emergency financial aid grants to students was approved for funding. SAIC presents the following information, which fulfills the disclosures required by the US Department of Education in connection with the receipt and disbursement of CARES Act Funding to eligible students.
SAIC signed and returned the Certification and Agreement to the Department of Education for the Higher Education Emergency Relief Fund ("HEERF") emergency financial aid grants. In keeping with the terms of the certification, the SAIC will use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide emergency financial aid grants to students. As of March 31, the School has distributed a total of $1,019,200 in CARES emergency grants to students, or 802 students have received CARES emergency grants. SAIC estimates that approximately 1,900 students are eligible to participate in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act. Students have been provided with the following instructions and guidance concerning CARES Act funding.
On July 17, 2020, SAIC requested that all eligible students complete an online application by August 7 in order to receive a CARES grant in the amount of $300. Funding decisions will prioritize students with the greatest need. Distributions are being processed soon after applications are received. Once the application deadline passes, a second round of funding will prioritize students with the greatest need. Those students who receive the initial $300 will remain eligible for additional funding, contingent on their level of need. SAIC urges all students who are eligible to apply. Our second round of funding will ensure that we distribute the entire allotment received from the federal government for student support to eligible applicants.
On January 19, 2021, SAIC received notification from the Department of Education regarding additional funding of $1,083,887 for emergency financial aid grants to students under the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSAA), also referred to as HEERF II and CARES II. Department of Education guidelines require that institutions prioritize students with exceptional need for this second round of funding. In May 2021, SAIC began disbursing $1,000 grants to currently enrolled eligible students with exceptional need based on Pell Grant status and Expected Family Contribution.
Higher Education Emergency Relief Fund Reporting – Institutional Aid
On July 29, 2020, SAIC received notification from the Department of Education that its application for $1,083,887 in Institutional Aid was approved for funding. SAIC presents this quarterly (and final) report for the period ending September 30, 2020, which fulfills the disclosures required by the US Department of Education in connection with the receipt and disbursement of CARES Act Funding for Institutions.