A grant is a type of gift aid that does not require repayment. Each grant has different requirements for eligibility. Eligibility for need-based grants is determined using federal and/or state formulas and the information the student provided on the FAFSA. Completion of the FAFSA is the only application required to be considered for the specific grant programs listed below. Financial aid (including loans) does not cover audit or non-credit courses. The Illinois Student Assistance Commission administers several grants. Please visit www.isac.org to find information regarding these programs.