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Co-Terminal Student Policy

Co-terminal degree programs allow currently enrolled Illinois Tech undergraduate students to complete both a bachelor's and master's degree in as few as five years. Currently enrolled undergraduate students may seek admission to a co-terminal degree program as early as the fourth (4th) semester of undergraduate study. To learn more about the co-terminal degrees offered at Illinois Tech, click here.

Financial Aid guidelines and regulations for co-terminal students can differ from non co-terminal students as aid may be applied differently throughout the course of a program based on the student's enrollment. All newly admitted co-terminal students are required to meet with a financial aid counselor to review the rules and regulations for the disbursement of their financial aid as it pertains to the co-terminal program.  Before a newly admitted student can meet with a Financial Aid staff member, the student must follow the co-terminal financial planning process as outlined by Graduate Academic Affairs. The following financial aid rules apply to co-terminal degree students receiving institutional and or federal financial aid:

  • Most Illinois Tech Scholarships will automatically be extended to the end of a program.
    • Recipients of the Camras, Crown and Duchossois scholarships must submit an appeal to request an extension of their scholarship. The appeal can be submitted in the form of an email explaining the reason for which the student seeks an extension.
    • Recipients of the Leadership Academy Scholarship are responsible for contacting the Leadership Academy to determine the duration and value of their scholarship.
    • Recipients of the Collens/STEM+ Chicago Scholarship can only get coverage for loss of federal/state aid when the student's shared hours are exhausted (assuming all other eligibility requirements are met).
  • Scholarships will be prorated if a student is enrolled in less than 12 total credit hours.
  • Students can share nine 500+ course level credit hours, in total, for the duration of the program. These shared financial aid graduate hours will count as undergraduate hours for the purposes of federal aid.
  • The Office of Financial Aid will always use shared financial aid graduate hours if there is a financial benefit to the student. If a student wishes to delay the use of shared financial aid graduate hours, they should complete the Co-Terminal Shared Hour Exception form during the add/drop period for the applicable semester(s).
  • Shared financial aid graduate hours cannot be used for additional MAP Grant funding.  
  • For financial aid purposes, all 500 level coursework are considered graduate level coursework. All 400 level coursework, with the exception of law courses are considered undergraduate level course work.
  • Students are ineligible for graduate financial aid until they have completed all undergraduate degree requirements and enroll in at least 4.5 graduate credit hours.
  • If a student is eligible for Federal Stafford Loans, the student must be enrolled in at least half-time status for loans to disburse (either 4.5 graduate level hours, 6 undergraduate level hours or 6 combined hours only if sharing is involved.)
  • Loan aggregate limits and federal /state grant program maximums still apply.
  • Students can utilize graduate federal aid once all Bachelor degree requirements are completed.
  • Enrolling in the co-terminal program does not by itself make a student independent as defined by the Department of Education.
  • If a student has completed all Bachelor degree requirements, but has remaining shareable hours, student can choose to maximize undergraduate federal aid by sharing hours.  
  • Federal and state grant amounts, if applicable, are strictly based on overall eligibility limits and exact undergraduate enrollment hours.
  • Participation in the co-terminal program is optional. Financial difficulties and/or tuition increases must be planned for student prior to their admittance into a program. Special Circumstance Appeals will not be considered solely on the basis of co-terminal enrollment.
  • Federal/state aid will disburse after add/drop, once a student's account has been reviewed by the Office of Financial Aid. Students are responsible for any balance that is not to be covered by any pending federal or institutional aid disbursement. During review, the Office of Financial Aid assumes students will want to maximize their undergraduate federal and state aid unless otherwise noted per a student's request.

The Office of Financial Aid will send an email to newly admitted co-terminal students requesting that they set up an appointment to meet with a financial aid counselor. Students are required to develop a tentative course plan prior to meeting with a counselor. The course plan is essential for the Office of Financial Aid to adequately counsel the student regarding the application of their federal and institutional aid as part of the co-terminal program.