The Institute for Clinical Social Work


Financial Aid

At ICSW, we want to help you advance your career, and we know that funding your education is an important part of that process. Take a look at the below overview of the financial aid options available at ICSW. To apply for any form of federal financial aid, you must first complete the Free Application for Federal Student Aid (FAFSA). We recommend that you fill it out online, or you can contact Sebastien Beaudet, Financial Aid Administrator, at (312) 935-4234 or sbeaudet@icsw.edu for a paper version.

Financial aid applications must be received by July 15 for new students enrolling in the fall semester.


Federal Student Loans

ICSW has been certified by the Department of Education to participate in the William D. Ford Federal Direct Loan program. Eligible students may borrow under two different loan programs: Direct Unsubsidized Stafford Loans and Direct PLUS Loans. Students who are enrolled half-time or more are eligible to receive Stafford loans. Applications are available at the ICSW office or for download here.

Direct Unsubsidized Stafford Loans

Direct PLUS Loans

To be eligible for federal student loans, you must:

FYI — Interest

A loan expense charged for the use of borrowed money. Interest is paid by a borrower to a lender. The expense is calculated as a percentage of the unpaid principal amount of the loan.

How is it calculated? The amount of interest that accrues (accumulates) on your loan from month to month is determined by a simple daily interest formula. This formula consists of multiplying your loan balance by the number of days since the last payment times the interest rate factor.

Simple daily interest formula: Outstanding Principal Balance × Number of Days Since Last Payment × Interest Rate Factor = Interest Amount

Loan Interest Rates by Disbursement Dates
Loan Type First Disbursed between July 1, 2013 and June 30, 2014
Direct Unsubsidized Loans (Graduate or Professional Students) Fixed at 5.41%
Direct PLUS Loans (Parents and Graduate or Professional Students) Fixed at 6.41%

Credit: Studentaid.gov


Private Loans

Private Loan Options
Private Loan Further Information
Sallie Mae Smart Option Call Sallie Mae at 1-877-279-7172 or Apply Online
Wells Fargo Graduate Loan Call Wells Fargo at 1-800-378-5526 or Apply Online
Discover Graduate Loans Call 1-877-728-3030 or Apply Online

Scholarships

Master’s Program
Scholarship Amount Description Contact
AAUW Career Development Grants (Women) $2,000-$12,000 Career Development Grants provide funding to women who hold a bachelor’s degree and are preparing to advance or change careers or re-enter the workforce. Primary consideration is given to women of color and women pursuing their first advanced degree or credentials in nontraditional fields. (319) 337-1716 ext. 60
aauw@act.org
Alpha Kappa Alpha Up to $15,000 Financial and merit based scholarships that are open to all graduate students and have a big focus on community service and involvement. (800)653-6528
akaeaf@akaeaf.net
American Indian Scholarship Fund $1000-$2000 The American Indian College Fund was established in 1989 to provide scholarships to American Indian/Alaska Native students attending tribal colleges or any other accredited public and non-profit private college all across the United States. (800) 776-3863
scholarships@collegefund.org
College Scholarships Varies Offering a variety of social work field and social work association scholarships that range from religious affiliations, ethnicity, and career emphasis.  
Community Services Block Grant $300-$3,000 Scholarship is available to income-eligible residents of suburban Cook County who demonstrate academic achievement, career potential and educational motivation. Displaced and under employed workers, high school graduates (or equivalent), aspiring to higher education and employment are invited to apply. (800) 571-CEDA (2332)
webmaster@cedaorg.net
Consuelo W. Gosnell Memorial MSW Scholarship $4,000 The Consuelo W. Gosnell Memorial Scholarships are awarded to master's degree candidates in social work who have demonstrated a commitment to working with, or who have a special affinity with, American Indian/Alaska Native and Hispanic/Latino populations. Candidates who have demonstrated a commitment to working with public or voluntary nonprofit agencies or with local grassroots groups in the United States are also eligible. naswfoundation@naswdc.org
Council on Social Work Education Varies Offering a variety of scholarships and fellowships requiring research components, presentations, and international social work education. (703) 683-8080
info@cswe.org
Diversifying Higher Education Faculty in Illinois Program Up to $35,000 The award is given to minority and underrepresented students who are seeking to become teachers or postsecondary professors. (217) 782-2551
DFI@ibhe.org
Hispanic Scholarship Fund $1,000-$5,000 HSF/ General College Scholarships are designed to assist students of Hispanic heritage obtain a college degree. (310) 975-3700
info@hsf.org
Judith Holm Memorial Student Awards Program $2,000 Awarded to first year graduate students in the clinical social work field. Student must submit a clinical paper in order to apply. (800) 694-528
Licensed Mental Health Services Provider Education Program Up to $15,000 An awardee may receive funds to repay educational loans over a 24-month period in exchange for a 24-month commitment to practicing and providing direct care in a publicly funded or public mental health facility, a non-profit mental health facility, or a mental health professions shortage area. (916) 326-3640
(800) 773-1669
National Health Service Corps $25,000-$50,000 The National Health Service Corps loan repayment program offers a competitive salary and pays down student loans for providing health care services to needy populations. (800) 221-9393
GetHelp@hrsa.gov
The Sandra Koscielniak Graduate Education Scholarship $1,000 AITCOY offers a scholarship to support education in a Masters program. Applicants must have experience in youth programs or social services and plan to have a career in youth social services. (630) 483-5799
jparquette@hanover-township.org
Verne LaMarr Lyons Memorial $4,150 The Verne LaMarr Lyons Memorial Scholarship is awarded to a master’s degree candidate in social work who demonstrates an interest in or has experience with health/mental health practice and has a commitment to working in African American communities. naswfoundation@naswdc.org
Ph.D. Program
Scholarship Amount Description Contact
Alpha Kappa Alpha Up to $15,000 Financial and merit based scholarships that are open to all graduate students and have a big focus on community service and involvement. (800)653-6528
akaeaf@akaeaf.net
American Indian Scholarship Fund $1000-$2000 The American Indian College Fund was established in 1989 to provide scholarships to American Indian/Alaska Native students attending tribal colleges or any other accredited public and non-profit private college all across the United States. (800) 776-3863
scholarships@collegefund.org
College Scholarships Varies Offering a variety of social work field and social work association scholarships that range from religious affiliations, ethnicity, and career emphasis.  
Community Services Block Grant $300-$3,000 Scholarship is available to income-eligible residents of suburban Cook County who demonstrate academic achievement, career potential and educational motivation. Displaced and under employed workers, high school graduates (or equivalent), aspiring to higher education and employment are invited to apply. (800) 571-CEDA (2332)
webmaster@cedaorg.net
Council on Social Work Education Varies Offering a variety of scholarships and fellowships requiring research components, presentations, and international social work education. (703) 683-8080
info@cswe.org
Diversifying Higher Education Faculty in Illinois Program Up to $35,000 The award is given to minority and underrepresented students who are seeking to become teachers or postsecondary professors. (217) 782-2551
DFI@ibhe.org
Eileen Blackey Doctoral Fellowship $15,000 The Eileen Blackey Doctoral Fellowship Program provides partial support to social work doctoral candidates who are engaged in dissertation research in welfare policy and practice. naswfoundation@naswdc.org
Elizabeth Jacobs Scholarship (Internal) $3,000 Awarded to full-time students who have successfully completed two years of doctoral studies, have financial need, and are nominated by faculty. The scholarship is designed to support promising students who are dedicated to working with families challenged by poverty, immigration or trauma. (312) 935-4234
sbeaudet@icsw.edu
Hispanic Scholarship Fund $1,000-$5,000 HSF/ General College Scholarships are designed to assist students of Hispanic heritage obtain a college degree. (310) 975-3700
info@hsf.org
International Dissertation Research Fellowship (IDRF) Up to $20,000 The Mellon International Dissertation Research Fellowship (IDRF) offers nine to twelve months of support to graduate students in the humanities and humanistic social sciences who are enrolled in PhD programs in the United States and conducting dissertation research on non-US topics. (718) 517-3641
sarnoff@ssrc.org
Jack Kent Cooke Dissertation Fellowship Award Up to $25,000 The Jack Kent Cooke Dissertation Fellowship Award supports advanced doctoral students who are completing dissertations that further the understanding of the educational pathways and experiences of high-achieving, low-income students. (703) 723-8000
fellows@jkcf.org
Jane B. Aron Doctoral Fellowship $4,000 The Jane Baerwald Aron Doctoral Fellowship Program provides partial support to social work doctoral candidates who are engaged in dissertation research in health care policy and practice. The fellowship program was established in 1987 as a tribute to Aron, who was a leader in health care policy and education. naswfoundation@naswdc.org
Judith Holm Memorial Student Awards Program $2,000 Awarded to first year graduate students in the clinical social work field. Student must submit a clinical paper in order to apply. (800) 694-528
Licensed Mental Health Services Provider Education Program Up to $15,000 An awardee may receive funds to repay educational loans over a 24-month period in exchange for a 24-month commitment to practicing and providing direct care in a publicly funded or public mental health facility, a non-profit mental health facility, or a mental health professions shortage area. (916) 326-3640
(800) 773-1669
National Health Service Corps $25,000-$50,000 The National Health Service Corps loan repayment program offers a competitive salary and pays down student loans for providing health care services to needy populations. (800) 221-9393
GetHelp@hrsa.gov
Roy Scrivner Memorial Research Grant $12,000 The Roy Scrivner Research Grants provide graduate student grants (preference given to dissertation candidates) for empirical or applied research that encourages the study of lesbian, gay, bisexual and transgender (LGBT) family psychology and LGBT family therapy. (202) 336-5984
Ruth Fizdale Program $3,000 The Ruth Fizdale Program underwrites research projects that link practice and policy issues with relevant social issues. The objective is to facilitate effective service delivery. The program provides opportunities for NASW chapters to conduct pilot research projects targeted to a specific emerging issue. These pilot projects then may serve as cornerstones for developing more comprehensive research projects. naswfoundation@naswdc.org