Request an appointment by contacting Admissions at (708) 974-5355. Your wages and/or tax returns may be garnished, and you will no longer be eligible to receive federal or state financial aid. Achieve your goals and complete your degree or certificate at Moraine Valley. The recommended maximum academic load during fall or spring semesters is 20 credit hours. Here you can view your award amount for each semester and the entire year. able to demonstrate need by completing the Free Application for Federal Student Aid. Unsubsidized LoanA non-need-based loan on which interest is not paid by the federal government. PrincipalThe amount borrowed. The academic year for full-time students is defined as follows: Fall and SpringGraduate 30 weeksFor financial aid purposes, the definition of an award year is important because it affects how payment periods are calculated. Satisfactory Academic Progress (SAP)The policy of measuring quantitative, qualitative and maximum academic progress for financial aid eligibility. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. The Financial Aid Office will notify you if additional verification documents are needed. Award LetterThe official document issued by the Financial Aid Office that lists all of the aid awarded to the student. Repayment ScheduleDiscloses the borrowers monthly payment, interest rate, total repayment obligation, due dates, and length of time for repaying the loan. Any courses you register for that are not needed for your program of study will be excluded from your award calculation, and your financial aid will be prorated and/or canceled as required by the ED. Therefore, Moraine Valley can only award Title IV aid forthe credits needed to fulfill your program of study requirements. Interest continues to accrue and usually must be paid during the forbearance period. The final decision oneligibility is made by the U.S. Department of Veteran Affairs (VA). Needs AnalysisA process of reviewing a students aid application to determine the amount of financial aid a student is eligible to receive. TheFinancial Aid office offers financial aid and information for funding at the federal, state, institutional, and private agency levels. A students financial aid is calculated by semester rather than by weeks or classes attended. High school students are ineligible. The award letter will list your estimated aid based on full-time enrollment. The Admissions Office staff is here to help you get started. Please complete any unfinished documents and sign them electronically. New BorrowerA borrower who has no outstanding (unpaid) loan balances on the date (s)he signs the promissory note for a specific educational loan. These are combined in a package to help meet the students need. Understanding and Applying for Financial Aid, Are you looking for some free one-on-one assistance? Click here to view your award amounts for each semester and the entire year. Wait times are much longer it can take up to 1-2 business days for a call or email to be returned. Explore Moraine Valley's programs, all of which are designed to ensure students gain the knowledge and skills needed to meet the demands of a changing world. Moraine Valley Community College Your SAR is a paper or electronic document that gives you some basic information about your eligibility for federal student aid as well as listing your answers to the FAFSAquestions. The FAFSA includes the following: Students need tocomplete the FAFSA as soon as possible. If you are a prospective student who has not applied to the college, you can contact the Admissions office for help. General hours: Any course(s) added after the pell recalculation date will not be funded by financial aid. This amount is your total eligibility for aid from all sources and is used to determine what your aid package will be. Regardless of your method of payment, taking courses that dont apply to your certificate/degree can cause delayed graduation and a higher educational cost. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. SEOG (Supplemental Educational Opportunity Grant)A federal grant program for students in need who are pursuing their first undergraduate degree. Are you looking for some free one-on-one assistance? enrolled at Moraine Valley Community College in an eligible program. One way to meet that challenge is by attending Moraine Valley Community College. Monday through Friday, 7 a.m. to 11 p.m. Borrowers can elect to pay the interest periodically or ask the lender to add the interest to the principal of the loan for repayment at a later date. Your FSA ID is used to sign legally binding documents electronically. This is a period of high-volume traffic in the Advising Center. If you have more than one child attending college, you can use the same FSA ID to sign all applications. It is strongly recommended that students do not wait for the registration cycle to begin for their next semester. If you would like to reach the expeditor tasked with completing your file please see the information below. Financial Aid deadlinesare critical. Advisors can be seen on a walk-in basis during office hours. Enhance your Moraine Valley experience by engaging in our vibrant campus community. Since Moraine Valley also can make electronic corrections, the student should consult with his or her financial aid advisor before mailing any corrections on the Student Aid Report. Interest is charged on this amount, and guaranty and origination fees will be deducted prior to disbursement. Moraine Valley Community College listed as one of the school choices. If a student fails to meet the minimum standards required by this policy, the financial aid award to that student is canceled. The rate may be constant throughout the life of the loan (fixed rate) or it may change at specified times (variable rate). Every day students are looking for ways to finance their education. Federal income tax return and/or W2 forms (include parents tax information if dependent). CapitalizationThe process by which unpaid interest is added to the principal balance of a loan, thereby increasing the total amount to be repaid. They are available to students who demonstrate the greatest need. Note: Federal regulations for student loan disbursements: One-semester loans must be disbursed in two equal disbursements. Deferments are available while borrowers are in school at least half time, enrolled in a graduate fellowship program or rehabilitation training program, and during periods of unemployment or economic hardship. Accrual DateThe day from which interest charged on an educational loan begins to accrue. It lists conditions under which the money is borrowed and the terms under which borrowers agree to repay the loan with interest. You are NOT eligible for financial aid if you only have a Notice of Approval to Apply for Permanent Residence (I-171 or I-464A) or if you are in the United States on an F1, F2, J1, J2, or G series visa. Whether you are seeking a degree, a certificate, looking for classes to take back to your four-year institution or just looking to take a few classes for personal enrichment Moraine Valley is the place for you. For students who begin attending classes after the term has started or have unknowingly been dropped from their classes and are attending anyway (not officially enrolled), the census date will be the date the Pell Grant is first calculated and disbursed. Please contact us for more information on becoming a Moraine Valley student. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. This application is free. Please select the High School you attended. Advisors can be reached by email at advising@morainevalley.edu, or leave a phone message at (708) 974-5721. It may take Financial Aid 5-7 business days to receive the forms. If you are filling out the FAFSA, you will need your tax information. Learn why Moraine Valley is one of the nation's leading community colleges. Students should register for all courses for the semester prior to the pell recalculation date. Origination FeeA fee charged by the federal government and deducted from loan proceeds before disbursement to partially offset administrative costs of the Federal Family Education Loan Program (FFELP). A dependent students family includes parents and stepparents. Palos Hills, IL 60465-2478 Achieve your goals and complete your degree or certificate at Moraine Valley. An independent students family includes the student and the students spouse. LenderA financial institution (bank, savings, and loan or credit union) that provides the funds for students and parents to borrow educational loans. Financial Aid Return of Title IV Funds (R2T4). If you believe the program of study listed in Student Planning is not correct, meet with an academic advisor to review. But you also may apply by downloading, printing, and completing a PDF version of the FAFSA. The preferred method for completing your FAFSA is electronically. Cost of Attendance (COA)The Cost of Attendance (COA) is the estimated total cost of attending college for one year. ConsolidationThe loan created when a borrower combines various educational loans. Completing a needs analysis form (FAFSA) is the required first step in applying for most types of financial aid. Parents Social Security Number, Date of Birth and Date of Marital Status (if dependent). The Admissions Office staff is here to help you get started. The SAR shows the information that was processed and allows the student to make corrections to his or her information. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. To help you understand the importance of selecting courses for your program, review this Q&A document. By accessing the Financial Aid Self-Service you can print any documents needed by our office to complete your file. The third option for completing your application is to call the Central Processing System at 1-800-4-FED-AID (1-800-433-3243) to request a paper application. Saturday, 7 a.m. to 5 p.m. Note: Business hours for specific offices or departments vary. Whether you are seeking a degree, a certificate, looking for classes to take back to your four-year institution or just looking to take a few classes for personal enrichment Moraine Valley is the place for you. Palos Hills, IL 60465-2478 (708) 974-4300 (TTY 711) View the Directory Visit the Help Desk General hours: Monday through Friday, 7 a.m. to 11 p.m. Saturday, 7 a.m. to 5 p.m. Sundays, noon to 4 p.m. Males 18 years of age and older must be registered with the Selective Service. Please contact us for more information on becoming a Moraine Valley student. The new application is available every Oct.1. Student Aid Report (SAR)A form sent to the student after submitting the FAFSA to the federal processor. You can also initiate academic advising using the Academic Advising Service Request form. Proof of residency may be required. To be eligible for Federal financial aid, a student must be: In addition, students must have a valid social security number. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. Borrowers are responsible for the interest on all unsubsidized loans from the date the loan is disbursed. Permanent residents of the Marshall Islands and Micronesia are eligible for Pell Grants, SEOG or Work Study only. Request an appointment by contacting Admissions at (708) 974-5355. A representative from, Assisting students with updating/correcting your FAFSA, Reviewing or understanding your Student Aid Report (SAR), Moraine Valley Satisfactory Academic Progress (SAP), Financial Aid Pell Recalculation Date (PRD)*. Promissory NoteThe legal document borrowers sign when they get an education loan. 9000 W. College Pkwy. Sundays, noon to 4 p.m. Learn why Moraine Valley is one of the nation's leading community colleges. Entrance/Exit InterviewsCounseling sessions borrowers are required to attend before receiving their first loan disbursement and before leaving school. More than 42 percent of our students receive some type of financial assistance, and our Financial Aid staff helps makethe process easy. (708) 974-4300 (TTY 711). After you submit yourFree Application for Federal Student Aid(FAFSA) form, youll get aStudent Aid Reportthat summarizes the information you provided on your application. The EFC is used in determining your eligibility for financial aid. Wednesday Friday: 8:30 a.m. - 5 p.m. In-person and remote assistance is available. Award YearAt Moraine Valley Community College, academic programs are calculated in credits and measured by semesters. Financial NeedThe difference between the Cost of Attendance and the Estimated Family Contribution. You can also view and print your award letter. Citizen/ Eligible NoncitizenTo receive Federal financial aid, you must be: If you are not included in the above categories, you must have an Arrival-Departure Record (I-94) from the U.S. Immigration and Naturalization Service showing one of the following designations: You also may be eligible through the Family United Status category, with approved I-797s, or if you have a suspension of deportation case pending before Congress.
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