ConsolidationThe loan created when a borrower combines various educational loans. If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your childs FAFSA electronically. Save thousands of dollars on your college education by enrolling at Moraine Valley. Please note: Each FSA ID user must have a unique e-mail address. More than 42 percent of our students receive some type of financial assistance, and our Financial Aid staff helps makethe process easy. Approximately 30 percent of applicants are selected. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. The Department of Education (ED) will not pay for courses that do not count toward completing your degree or certificate. Promissory NoteThe legal document borrowers sign when they get an education loan. Reserve your spot today. Award LetterThe official document issued by the Financial Aid Office that lists all of the aid awarded to the student. Staff members provide personalized assistance to meet the needs of students. Phones are not answered live, so provide a detailed message and someone will return the call. Parents Social Security Number, Date of Birth and Date of Marital Status (if dependent). Our Title IV school code is 007692. Staff members provide personalized assistance to meet the needs of students. Subsidized LoanA need-based loan on which the interest is paid by the federal government during the in-school, grace and deferment periods. 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)*. Note: Business hours for specific offices or departments vary. Until that time, your forms may still show as required on your account. The FAFSA includes the following: Students need tocomplete the FAFSA as soon as possible. Learn why Moraine Valley is one of the nation's leading community colleges. 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. There are a variety of grants available from the federal government andthe Illinois Student Assistance Commission. Students should register for all courses for the semester prior to the pell recalculation date. Saturday, 7 a.m. to 5 p.m. Students are advised to confirm their attendance in each of their courses prior to the financial aid pell recalculation date. Contact your local post office to register. The Financial Aid Office will notify you if additional verification documents are needed. These are combined in a package to help meet the students need. It includes tuition and fees, room, board, books and supplies, personal expenses, and travel expenses. It may take Financial Aid 5-7 business days to receive the forms. Needs AnalysisA process of reviewing a students aid application to determine the amount of financial aid a student is eligible to receive. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Check your Moraine Valley email often to monitor your financial aid process from start to finish. Hours for In-Person and Remote Services Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. The rate may be constant throughout the life of the loan (fixed rate) or it may change at specified times (variable rate). If you are filling out the FAFSA, you will need your tax information. The EFC is used in determining your eligibility for financial aid. Moraine Valley Community College They also will have information about your Expected Family Contributions earlier, which will help you go through the college application and selection process. Save thousands of dollars on your college education by enrolling at Moraine Valley. Unsubsidized LoanA non-need-based loan on which interest is not paid by the federal government. The FAFSA must be completed, signed, and mailed to the processing agent as instructed as soon after Oct. 1, as possible, each year for the following academic year. Students are selected by the processing agency after the FAFSA is filed. 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. Now that your file has been reviewed and complete, an award package will be available on the Financial Aid Self-Service. By law, the fee cannot exceed 1 percent of the loan amount. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. Grace PeriodThe period of time between a borrower leaving school or dropping below half-time and when they are obligated to begin repaying their loansusually six or nine months depending on the type of loan. Financial Aid deadlinesare critical. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. If you are a prospective student who has not applied to the college, you can contact the Admissions office for help. Save thousands of dollars on your college education by enrolling at Moraine Valley. Filing late canjeopardize yourchances toreceive aid. Please complete any unfinished documents and sign them electronically. The school(s) you list on your FAFSA form will have access to your SAR data electronically within a day after it is processed. They are available to students who demonstrate the greatest need. Benefits may only be used for educational objectives defined as the completion of a VA-approved credit degree or certificate program. This Offer Letter must be accepted to finalize your financial aid file. Achieve your goals and complete your degree or certificate at Moraine Valley. Your financial aid award will be recalculated for any courses recorded as "Dropped" (D), "Withdrawn" (W) (before the pell recalculation date) or reported as "never attended" by your instructor.You may be required to repay the financial aid you received if you drop a course, you never attend a course and/or if you discontinue attending a course. Federal income tax return and/or W2 forms (include parents tax information if dependent). The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. The number of hours worked is based onthe amount of work-study dollars awarded and financial need. Please select the High School you attended. NOTE: We stop signing students one hour before close, or earlier if necessary during peak times. For positions not based on need, visit the Job Resource Centerin Building S, Room S202. This amount is your total eligibility for aid from all sources and is used to determine what your aid package will be. It is strongly recommended that students do not wait for the registration cycle to begin for their next semester. Learn why Moraine Valley is one of the nation's leading community colleges. 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. DefermentAn authorized period of time during which a borrower may postpone principal and interest payment. Phones are not answered live, so provide a detailed message and someone will return the call. 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. able to demonstrate need by completing the Free Application for Federal Student Aid. 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). Are you looking for some free one-on-one assistance? Grants are a form of aid that does not have to be repaid. The award letter will list your estimated aid based on full-time enrollment. Illinois' Monetary Award Program (MAP)begins awarding after Jan. 1. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Advisors can be reached by email at [email protected], or leave a phone message at (708) 974-5721. If you default, your school, the organization that holds your loan, the state, and the federal government all can take action to recover the money, including notifying national credit bureaus of your default. Review yourStudent Aid Reportcarefully to make sure its correct and complete. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Contact advising using the academic advising request form here, [email protected] or call (708) 974-5721. Learn why Moraine Valley is one of the nation's leading community colleges. The recommended maximum during the summer session is 12 credit hours. All students should meet with an academic advisor each semester to ensure they are on track. Those courses also cannot be used to determine your enrollment status unless they are eligible for remedial courses. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. Please contact us for more information on becoming a Moraine Valley student. Request an appointment by contacting Admissions at (708) 974-5355. Proof of residency may be required. Monday - Thursday: 8:30 a.m. - 7:30 p.m. Friday: 8:30 a.m. - 5 p.m. In-person and remote assistance is available. Learn why Moraine Valley is one of the nation's leading community colleges. GrantA type of financial aid award based on need or merit that is not repaid by the student. Click here to view your award amounts for each semester and the entire year. This must be completed by all students who want to be considered for financial aid at Moraine Valley. The preferred method for completing your FAFSA is electronically. 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. If you would like to reach the expeditor tasked with completing your file please see the information below. Advisors can be seen on a walk-in basis during office hours. But you also may apply by downloading, printing, and completing a PDF version of the FAFSA. More Ways To Reach Admissions AcademicAdvisors will be available Monday Tuesday, from 8:30 a.m. to 6:00 p.m., and Wednesday to Friday from 8:30 a.m. to 5 p.m. in S 201. Types of aid include grants, scholarships, work-study employment, and loans. 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. 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. 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. New BorrowerA borrower who has no outstanding (unpaid) loan balances on the date (s)he signs the promissory note for a specific educational loan. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. By accessing the Financial Aid Self-Service you can print any documents needed by our office to complete your file. Contact your lender for additional details. If a student fails to meet the minimum standards required by this policy, the financial aid award to that student is canceled. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA) at fafsa.gov. It has the same legal status as a written signature. The Admissions Office staff is here to help you get started. Interest is calculated as a percentage of the principal loan amount. Your grants and loans have usage limitations that also could be at risk if you are not careful. For more information contact the Veterans Resource Center in Building G, Room G240. Palos Hills, IL 60465-2478 The Illinois Student Assistance Commission (ISAC) provides free FAFSA assistance on both walk-in or scheduled basis at both our Palos Hills and Education Center at Blue Island campuses. Entrance/Exit InterviewsCounseling sessions borrowers are required to attend before receiving their first loan disbursement and before leaving school. Note: Business hours for specific offices or departments vary. VerificationA process of review to determine the accuracy of the information on a students financial aid application. To help you understand the importance of selecting courses for your program, review this Q&A document. Financial NeedThe difference between the Cost of Attendance and the Estimated Family Contribution. 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.
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