The package may include federal and nonfederal aid such as grants, loans, work-study, and scholarships. Approximately 30 percent of applicants are selected. Check your Moraine Valley email often to monitor your financial aid process from start to finish. 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. 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. enrolled at Moraine Valley Community College in an eligible program. Note: Business hours for specific offices or departments vary. This Offer Letter must be accepted to finalize your financial aid file. (708) 974-4300 (TTY 711). The Federal Work-Study program provides on-campus and nonprofit off-campus employment for students. Proof of residency may be required. If you are a prospective student who has not applied to the college, you can contact the Admissions office for help. Expeditor Information The financial aid office splits financial aid files based on student's last names. The deadline for Moraine Valley's institutional awards is May 1. For more information contact the Veterans Resource Center in Building G, Room G240. Award LetterThe official document issued by the Financial Aid Office that lists all of the aid awarded to the student. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. But you also may apply by downloading, printing, and completing a PDF version of the FAFSA. *Students registered in ALL late start classes may be eligible for a book voucher one week prior to the start of the session. InterestA fee charged for the use of borrowed money. Phones are not answered live, so provide a detailed message and someone will return the call. Saturday, 7 a.m. to 5 p.m. To help you understand the importance of selecting courses for your program, review this Q&A document. For more information, please contact the Financial Aid Office. 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. You can also initiate academic advising using the Academic Advising Service Request form. Social Security Card and Drivers License/State ID Card. Request an appointment by contacting Admissions at (708) 974-5355. 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. Borrowers are responsible for the interest on all unsubsidized loans from the date the loan is disbursed. Unmet NeedThe amount of financial aid eligibility that is not met with financial aid awards. Monday and Tuesday: 8:30 a.m. - 6 p.m. 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. Financial Aid Return of Title IV Funds (R2T4). Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. They also will have information about your Expected Family Contributions earlier, which will help you go through the college application and selection process. Interest continues to accrue and usually must be paid during the forbearance period. Students should register for all courses for the semester prior to the pell recalculation date. SEOG (Supplemental Educational Opportunity Grant)A federal grant program for students in need who are pursuing their first undergraduate degree. Learn why Moraine Valley is one of the nation's leading community colleges. Understanding and Applying for Financial Aid, Are you looking for some free one-on-one assistance? Student Loans can be useful, but students should be aware of the responsibility ofborrowing money to finance theireducation. Contact advising using the academic advising request form here, emailadvising@morainevalley.edu or call (708) 974-5721. New borrowers may be subject to different regulations than borrowers who have existing loan balances. Guaranty AgencyThe organization that administers the Federal Stafford Loan and Federal PLUS Loan programs in your state. The Free Application for Federal Student Aid (FAFSA) season begins Oct. 1 each year so students are encouraged to complete that document as soon as possible. It may take Financial Aid 5-7 business days to receive the forms. High school students are ineligible. Illinois' Monetary Award Program (MAP)begins awarding after Jan. 1. Once your file is processed, you will receive an Offer Letter" in your Financial Aid Self-Service portal. Learn why Moraine Valley is one of the nation's leading community colleges. Completing a needs analysis form (FAFSA) is the required first step in applying for most types of financial aid. Moraine Valley Community College Moraine Valley offers scholarships to reward academic success, encourage leadership and to give financial help. Achieve your goals and complete your degree or certificate at Moraine Valley. An independent students family includes the student and the students spouse. Sundays, noon to 4 p.m. 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. Students are selected by the processing agency after the FAFSA is filed. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Are you looking for some free one-on-one assistance? With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. There are a variety of grants available from the federal government andthe Illinois Student Assistance Commission. Advisors can be reached by email at advising@morainevalley.edu, or leave a phone message at (708) 974-5721. This is a period of high-volume traffic in the Advising Center. Staff members provide personalized assistance to meet the needs of students. 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. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. If you believe the program of study listed in Student Planning is not correct, meet with an academic advisor to review. Once all required documents are received, the Financial Aid Office will need 2-3 weeks to verify your file. VerificationA process of review to determine the accuracy of the information on a students financial aid application. Grants are a form of aid that does not have to be repaid. Therefore, Moraine Valley can only award Title IV aid forthe credits needed to fulfill your program of study requirements. Advisors can be seen on a walk-in basis during office hours. Unsubsidized LoanA non-need-based loan on which interest is not paid by the federal government. The EFC is used in determining your eligibility for financial aid. Any course(s) added after the pell recalculation date will not be funded by financial aid. Your wages and/or tax returns may be garnished, and you will no longer be eligible to receive federal or state financial aid. Student Aid Report (SAR)A form sent to the student after submitting the FAFSA to the federal processor. Your grants and loans have usage limitations that also could be at risk if you are not careful. ConsolidationThe loan created when a borrower combines various educational loans. TheFinancial Aid office offers financial aid and information for funding at the federal, state, institutional, and private agency levels. Create an account at i-3group.com and click For Students or call an i3 counselor at (866) 296-7955. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. Students are strongly encouraged to make an appointment for in-person student services to ensure their questions are addressed. The Admissions Office staff is here to help you get started. Also, if you already have completed an Associate in Arts or Associate in Science degree, you may not be eligible for financial aid unless you are completing an Associate in Applied Science or eligible Certificate program. By accessing the Financial Aid Self-Service you can print any documents needed by our office to complete your file. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. Please complete this form if you would like to be contacted by the Moraine Valley Admissions Office and informed of upcoming admissions events. Guaranty FeeAn insurance premium deducted from the borrowers loan proceeds prior to disbursement and paid to the guaranty agency that ensures the loan. 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. Please note: Each FSA ID user must have a unique e-mail address. Enhance your Moraine Valley experience by engaging in our vibrant campus community. The free service also allows students to register with iontuition, which provides fast and easy online access to view all Federal Direct loans and review repayment scenarios, develop a personal budget and track loan servicers. CapitalizationThe process by which unpaid interest is added to the principal balance of a loan, thereby increasing the total amount to be repaid. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Satisfactory Academic Progress (SAP)The policy of measuring quantitative, qualitative and maximum academic progress for financial aid eligibility. If you are filling out the FAFSA, you will need your tax information. For positions not based on need, visit the Job Resource Centerin Building S, Room S202. 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. Contact Us Moraine Valley Community College 9000 W. College Pkwy. 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. More Ways To Reach Admissions After this date, adjustments will not be made if you add/drop courses. Federal income tax return and/or W2 forms (include parents tax information if dependent). Entrance/Exit InterviewsCounseling sessions borrowers are required to attend before receiving their first loan disbursement and before leaving school. As of July 1, 2006, all federal education loans made to new borrowers have fixed interest rates. Interest is charged on this amount, and guaranty and origination fees will be deducted prior to disbursement. General hours: Financial Aid ExpeditorA representative of the Financial Aid Office who reviews a students application awards aid and helps the student in all aspects of the financial aid process. Financial aid payments will be disbursed based on the number of credits you are enrolled in on the pell recalculation date. The following documents are needed to complete the application online: The Financial Aid Office has partnered with the i3 Group to help current and former Moraine Valley students manage their student loan repayment options. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. Learn why Moraine Valley is one of the nation's leading community colleges. Students who receive Federal Work Study funds must demonstrate need, be paid federal minimum wage and perform work-study employmentfrom 5-20 hours per week. You should never pay a third party to complete this application on your behalf. (Proof of citizenship may be required.). The preferred method for completing your FAFSA is electronically. Contact your local post office to register. Census DateThe census date, also known as the Pell Recalculation Date (PRD), is the last day for students to add or drop courses before locking in their enrollment status for Pell Grant awarding purposes. Palos Hills, IL 60465-2478 Benefits may only be used for educational objectives defined as the completion of a VA-approved credit degree or certificate program. In addition, you no longer need to estimate income and tax information. 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. Contact your lender for additional details. The school(s) you list on your FAFSA form will have access to your SAR data electronically within a day after it is processed. Monday through Friday, 7 a.m. to 11 p.m. 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. If a student fails to meet the minimum standards required by this policy, the financial aid award to that student is canceled. To learn more about the one-on-one assistance our financial aid office offers contact (708) 974-5726. Note: Federal regulations for student loan disbursements: One-semester loans must be disbursed in two equal disbursements. By extending the repayment period and allowing a single monthly payment, consolidation can make loan repayment easier for some borrowers. Expected Family Contribution (EFC)An amount, determined by a formula established by Congress, that indicates how much of your financial resources should be available to help pay for school. Review yourStudent Aid Reportcarefully to make sure its correct and complete. 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. During this time, if you are financial aid eligible and meeting Satisfactory Academic Progress you will have a financial aid hold and be able to register for courses without needing to make a payment. 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. Repayment ScheduleDiscloses the borrowers monthly payment, interest rate, total repayment obligation, due dates, and length of time for repaying the loan. Please contact us for more information on becoming a Moraine Valley student. Award YearAt Moraine Valley Community College, academic programs are calculated in credits and measured by semesters. NOTE: We stop signing students one hour before close, or earlier if necessary during peak times. You can also view and print your award letter. Advisors can be reached by email at Advising@morainevalley.edu, or leave a phone message at (708) 974-5721. After applying to the college, you can access the Student Planning tool inMVConnect, the student portal, to see which courses are required for your program of study. The FAFSA includes the following: Students need tocomplete the FAFSA as soon as possible. Save thousands of dollars on your college education by enrolling at Moraine Valley. Now that your file has been reviewed and complete, an award package will be available on the Financial Aid Self-Service. Moraine Valley Community College uses the award period census date for all students who attend classes at the start of the semester. By law, the fee cannot exceed 1 percent of the loan amount. Those courses also cannot be used to determine your enrollment status unless they are eligible for remedial courses. 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. The award letter will list your estimated aid based on full-time enrollment. It is strongly recommended that students do not wait for the registration cycle to begin for their next semester. 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. The rate may be constant throughout the life of the loan (fixed rate) or it may change at specified times (variable rate). Save thousands of dollars on your college education by enrolling at Moraine Valley. Phones are not answered live, so provide a detailed message and someone will return the call. Achieve your goals and complete your degree or certificate at Moraine Valley. This amount is your total eligibility for aid from all sources and is used to determine what your aid package will be. Students need to complete the Free Application for Federal Student Aid (FAFSA) to apply for federal and state aid, plus institutional awards. Enhance your Moraine Valley experience by engaging in our vibrant campus community. Until that time, your forms may still show as required on your account. The number of hours worked is based onthe amount of work-study dollars awarded and financial need. It lists conditions under which the money is borrowed and the terms under which borrowers agree to repay the loan with interest. Other deferments may be available depending on when and what you borrowed. A students financial aid is calculated by semester rather than by weeks or classes attended. The federal government sets loan limits and interest rates, but each state can set its own additional guidelines, within federal regulations. Your Offer Letter will list your Cost of Attendance, estimated aid eligibility, direct costs for the year, and other important Financial Aid information. This must be completed by all students who want to be considered for financial aid at Moraine Valley. The Admissions Office staff is here to help you get started. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. 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. 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)*. Staff members provide personalized assistance to meet the needs of students. FAFSAThe federal aid application. 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. PrincipalThe amount borrowed. Males 18 years of age and older must be registered with the Selective Service. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Enhance your Moraine Valley experience by engaging in our vibrant campus community. The new application is available every Oct.1. Learn why Moraine Valley is one of the nation's leading community colleges. This application is free. Every day students are looking for ways to finance their education. Needs AnalysisA process of reviewing a students aid application to determine the amount of financial aid a student is eligible to receive. The financial aid office splits financial aid files based on student's last names. After you submit yourFree Application for Federal Student Aid(FAFSA) form, youll get aStudent Aid Reportthat summarizes the information you provided on your application. Information from your parents U.S. tax return. Wednesday Friday: 8:30 a.m. - 5 p.m. In-person and remote assistance is available. These are combined in a package to help meet the students need. 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. Save thousands of dollars on your college education by enrolling at Moraine Valley. Parents Social Security Number, Date of Birth and Date of Marital Status (if dependent). Permanent residents of the Marshall Islands and Micronesia are eligible for Pell Grants, SEOG or Work Study only. 9000 W. College Pkwy. DefaultFailure to repay a student loan according to the terms agreed to when you signed a promissory note. Contact the office by phone at (708) 974-5726, by fax (708) 974-8726, or in person in Building S, Room S107. It has the same legal status as a written signature. Return of Title IV Funds (R2T4)When a student officially or unofficially withdraws from all of his/her classes, the Financial Aid Office must recalculate aid and return any funds not earned to its source. Achieve your goals and complete your degree or certificate at Moraine Valley. GrantA type of financial aid award based on need or merit that is not repaid by the student. 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. LenderA financial institution (bank, savings, and loan or credit union) that provides the funds for students and parents to borrow educational loans. If you are interested in the work-study program, contact the Financial Aid Office in Building S, Room S107. 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. 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. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. Cost of Attendance (COA)The Cost of Attendance (COA) is the estimated total cost of attending college for one year. To access this visit MVConnect and under the student menu, select Financial Aid, then Financial Aid Self-Service. You can initiate academic advising requests for service using the Academic Advising Service Request form. Regardless of your method of payment, taking courses that dont apply to your certificate/degree can cause delayed graduation and a higher educational cost. Subsidized LoanA need-based loan on which the interest is paid by the federal government during the in-school, grace and deferment periods. DefermentAn authorized period of time during which a borrower may postpone principal and interest payment. 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. The SAR shows the information that was processed and allows the student to make corrections to his or her information. Request an appointment by contacting Admissions at (708) 974-5355. The recommended maximum academic load during fall or spring semesters is 20 credit hours. Borrowers should keep the borrower copy of their promissory notes until the loans are fully repaid. Please consult those offices for current hours. Financial Aid deadlinesare critical. Hours for In-Person and Remote Services You can access your tax data (and parents data if required) directly from the IRS portal right away. able to demonstrate the ability to benefit from college-level classes (high school graduation or high school equivalency certificate). Applicants can complete the FAFSA online, on paper or by phone. Please contact us for more information on becoming a Moraine Valley student. Please complete any unfinished documents and sign them electronically. Moraine Valley Community College listed as one of the school choices. One way to meet that challenge is by attending Moraine Valley Community College. Forbearance may be granted at the lenders discretion when a borrower is willing to repay their loan but is unable to do so. able to demonstrate need by completing the Free Application for Federal Student Aid. If you have more than one child attending college, you can use the same FSA ID to sign all applications. The final decision oneligibility is made by the U.S. Department of Veteran Affairs (VA). An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Here you can view your award amount for each semester and the entire year. Financial NeedThe difference between the Cost of Attendance and the Estimated Family Contribution. This will be the fastest way to receive a response and you will be able to track the status of your request. More than 42 percent of our students receive some type of financial assistance, and our Financial Aid staff helps makethe process easy. 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. Deadline to Submit Paperwork for Full Consideration, Financial Aid Disbursement Process Begins, Deadline to Submit Paperwork for Full Consideration**, a U.S. national (includes natives of American Samoa or Swains Island), a U.S. permanent resident with an I-151, I-1551, or I-551C (Alien Registration Receipt Card), Indefinite Parole and/or Humanitarian Parole, Conditional Entrant (valid only if issued before April 1, 1980), Other eligible noncitizen with a Temporary Resident Card (I-688), a citizen of the United States or an eligible non-citizen.
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