Request an appointment by contacting Admissions at (708) 974-5355. PrincipalThe amount borrowed. Moraine Valley offers scholarships to reward academic success, encourage leadership and to give financial help. For more information contact the Veterans Resource Center in Building G, Room G240. Request an appointment by contacting Admissions at (708) 974-5355. Your Offer Letter will list your Cost of Attendance, estimated aid eligibility, direct costs for the year, and other important Financial Aid information. Student Loans can be useful, but students should be aware of the responsibility ofborrowing money to finance theireducation. Subsidized LoanA need-based loan on which the interest is paid by the federal government during the in-school, grace and deferment periods. To learn more about the one-on-one assistance our financial aid office offers contact (708) 974-5726. Financial Aid Return of Title IV Funds (R2T4). Benefits may only be used for educational objectives defined as the completion of a VA-approved credit degree or certificate program. 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. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Click here to view your award amounts for each semester and the entire year. Expeditor Information The financial aid office splits financial aid files based on student's last names. 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. 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. 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. It is strongly recommended that students do not wait for the registration cycle to begin for their next semester. Those courses also cannot be used to determine your enrollment status unless they are eligible for remedial courses. The package may include federal and nonfederal aid such as grants, loans, work-study, and scholarships. The Financial Aid Office will notify you if additional verification documents are needed. Moraine Valley Community College uses the award period census date for all students who attend classes at the start of the semester. The recommended maximum during the summer session is 12 credit hours. Please complete any unfinished documents and sign them electronically. Save thousands of dollars on your college education by enrolling at Moraine Valley. Interest is calculated as a percentage of the principal loan amount. Males 18 years of age and older must be registered with the Selective Service. This Offer Letter must be accepted to finalize your financial aid file. Illinois' Monetary Award Program (MAP)begins awarding after Jan. 1. Information from your parents U.S. tax return. InterestA fee charged for the use of borrowed money. Financial Aid deadlinesare critical. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. Palos Hills, IL 60465-2478 Please consult those offices for current hours. 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. For positions not based on need, visit the Job Resource Centerin Building S, Room S202. Monday and Tuesday: 8:30 a.m. - 6 p.m. Guaranty FeeAn insurance premium deducted from the borrowers loan proceeds prior to disbursement and paid to the guaranty agency that ensures the loan. Veterans' Educational benefits eligibilityis determined by the date of enlistment. 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. 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. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. You should never pay a third party to complete this application on your behalf. Wait times are much longer it can take up to 1-2 business days for a call or email to be returned. Moraine Valley Community College Questions? Every day students are looking for ways to finance their education. High school students are ineligible. If you are interested in the work-study program, contact the Financial Aid Office in Building S, Room S107. Interest continues to accrue and usually must be paid during the forbearance period. This is a period of high-volume traffic in the Advising Center. Enhance your Moraine Valley experience by engaging in our vibrant campus community. Pell GrantA federal grant program for first-time undergraduates with financial need. If a student fails to meet the minimum standards required by this policy, the financial aid award to that student is canceled. Learn why Moraine Valley is one of the nation's leading community colleges. CapitalizationThe process by which unpaid interest is added to the principal balance of a loan, thereby increasing the total amount to be repaid. You can initiate academic advising requests for service using the Academic Advising Service Request form. Please complete this form if you would like to be contacted by the Moraine Valley Admissions Office and informed of upcoming admissions events. Note: Business hours for specific offices or departments vary. Achieve your goals and complete your degree or certificate at Moraine Valley. Needs AnalysisA process of reviewing a students aid application to determine the amount of financial aid a student is eligible to receive. Enhance your Moraine Valley experience by engaging in our vibrant campus community. Proof of residency may be required. Any course(s) added after the pell recalculation date will not be funded by financial aid. An independent students family includes the student and the students spouse. Student Aid Report (SAR)A form sent to the student after submitting the FAFSA to the federal processor. The recommended maximum academic load during fall or spring semesters is 20 credit hours. (Proof of citizenship may be required.). Entrance/Exit InterviewsCounseling sessions borrowers are required to attend before receiving their first loan disbursement and before leaving school. 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. Please contact us for more information on becoming a Moraine Valley student. Cost of Attendance (COA)The Cost of Attendance (COA) is the estimated total cost of attending college for one year. 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. It includes tuition and fees, room, board, books and supplies, personal expenses, and travel expenses. 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. 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. To access this visit MVConnect and under the student menu, select Financial Aid, then Financial Aid Self-Service. Achieve your goals and complete your degree or certificate at Moraine Valley. Award LetterThe official document issued by the Financial Aid Office that lists all of the aid awarded to the student. With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. They also will have information about your Expected Family Contributions earlier, which will help you go through the college application and selection process. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. Advisors can be reached by email at Advising@morainevalley.edu, or leave a phone message at (708) 974-5721. enrolled at Moraine Valley Community College in an eligible program. Permanent residents of the Marshall Islands and Micronesia are eligible for Pell Grants, SEOG or Work Study only. An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. 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. Filing late canjeopardize yourchances toreceive aid. Federal income tax return and/or W2 forms (include parents tax information if dependent). 9000 W. College Pkwy. Now that your file has been reviewed and complete, an award package will be available on the Financial Aid Self-Service. Social Security Card and Drivers License/State ID Card. Students should register for all courses for the semester prior to the pell recalculation date. 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. Understanding and Applying for Financial Aid, Are you looking for some free one-on-one assistance? These are combined in a package to help meet the students need. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. This must be completed by all students who want to be considered for financial aid at Moraine Valley. Promissory NoteThe legal document borrowers sign when they get an education loan. Contact the office by phone at (708) 974-5726, by fax (708) 974-8726, or in person in Building S, Room S107. 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. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. Until that time, your forms may still show as required on your account. Advisors can be reached by email at advising@morainevalley.edu, or leave a phone message at (708) 974-5721. Parents Social Security Number, Date of Birth and Date of Marital Status (if dependent). Accrual DateThe day from which interest charged on an educational loan begins to accrue. Moraine Valley makes financial aid awards based on the colleges semester. The rate may be constant throughout the life of the loan (fixed rate) or it may change at specified times (variable rate). They are available to students who demonstrate the greatest need. a resident of Illinois for at least 12 months prior to award year to qualify for Illinois Student Assistance Commission (ISAC) programs. Borrowers should keep the borrower copy of their promissory notes until the loans are fully repaid. Please contact us for more information on becoming a Moraine Valley student. The school(s) you list on your FAFSA form will have access to your SAR data electronically within a day after it is processed. Achieve your goals and complete your degree or certificate at Moraine Valley. 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. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. 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. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. A representative fromISAC(the Illinois Student Assistance Commission) will be present to answer any questions you may have or provide assistance with the following: The online application process will be faster if you have an FSA ID created before beginning the FAFSA application. Hours for In-Person and Remote Services Save thousands of dollars on your college education by enrolling at Moraine Valley. But you also may apply by downloading, printing, and completing a PDF version of the FAFSA. Unmet NeedThe amount of financial aid eligibility that is not met with financial aid awards. SEOG (Supplemental Educational Opportunity Grant)A federal grant program for students in need who are pursuing their first undergraduate degree. Students need to complete the Free Application for Federal Student Aid (FAFSA) to apply for federal and state aid, plus institutional awards. DefermentAn authorized period of time during which a borrower may postpone principal and interest payment. A students financial aid is calculated by semester rather than by weeks or classes attended. Note: Federal regulations for student loan disbursements: One-semester loans must be disbursed in two equal disbursements. Types of aid include grants, scholarships, work-study employment, and loans. All students should meet with an academic advisor each semester to ensure they are on track. For more information, please contact the Financial Aid Office. The Federal Work-Study program provides on-campus and nonprofit off-campus employment for students. TheFinancial Aid office offers financial aid and information for funding at the federal, state, institutional, and private agency levels. able to demonstrate the ability to benefit from college-level classes (high school graduation or high school equivalency certificate). With a rich tradition of meeting the diverse needs of its students and the community, the college commits itself to continuous improvement. Repayment ScheduleDiscloses the borrowers monthly payment, interest rate, total repayment obligation, due dates, and length of time for repaying the loan. Financial aid payments will be disbursed based on the number of credits you are enrolled in on the pell recalculation date. LenderA financial institution (bank, savings, and loan or credit union) that provides the funds for students and parents to borrow educational loans. Achieve your goals and complete your degree or certificate at Moraine Valley. If you are filling out the FAFSA, you will need your tax information. 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. Phones are not answered live, so provide a detailed message and someone will return the call. Unsubsidized LoanA non-need-based loan on which interest is not paid by the federal government. There are a variety of grants available from the federal government andthe Illinois Student Assistance Commission. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. 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. The FAFSA includes the following: Students need tocomplete the FAFSA as soon as possible. This application is free. Interest is charged on this amount, and guaranty and origination fees will be deducted prior to disbursement. Applicants can complete the FAFSA online, on paper or by phone. Please note: Each FSA ID user must have a unique e-mail address. New BorrowerA borrower who has no outstanding (unpaid) loan balances on the date (s)he signs the promissory note for a specific educational loan. Award YearAt Moraine Valley Community College, academic programs are calculated in credits and measured by semesters. Moraine Valley Community College listed as one of the school choices. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. Learning continues outside of the classroom when you join a club or organization, connect with classmates and explore your world. *Students registered in ALL late start classes may be eligible for a book voucher one week prior to the start of the session. The award letter will list your estimated aid based on full-time enrollment. Once your file is processed, you will receive an Offer Letter" in your Financial Aid Self-Service portal. Create an account at i-3group.com and click For Students or call an i3 counselor at (866) 296-7955. The financial aid office splits financial aid files based on student's last names. Contact your lender for additional details. One way to meet that challenge is by attending Moraine Valley Community College. Borrowers are responsible for the interest on all unsubsidized loans from the date the loan is disbursed. 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. Students are advised to confirm their attendance in each of their courses prior to the financial aid pell recalculation date. Enhance your Moraine Valley experience by engaging in our vibrant campus community. The Admissions Office staff is here to help you get started. ForbearanceAn authorized period of time during which the lender agrees to temporarily postpone a borrowers principal repayment obligation. Guaranty AgencyThe organization that administers the Federal Stafford Loan and Federal PLUS Loan programs in your state. The SAR shows the information that was processed and allows the student to make corrections to his or her information. By extending the repayment period and allowing a single monthly payment, consolidation can make loan repayment easier for some borrowers. GrantA type of financial aid award based on need or merit that is not repaid by the student. 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)*. 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. 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. 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). In addition, you no longer need to estimate income and tax information. Enhance your Moraine Valley experience by engaging in our vibrant campus community. 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. 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. Learn why Moraine Valley is one of the nation's leading community colleges. Your FSA ID is used to sign legally binding documents electronically. This amount is your total eligibility for aid from all sources and is used to determine what your aid package will be. Contact Us Moraine Valley Community College 9000 W. College Pkwy. Learn why Moraine Valley is one of the nation's leading community colleges. This will be the fastest way to receive a response and you will be able to track the status of your request. It lists conditions under which the money is borrowed and the terms under which borrowers agree to repay the loan with interest. After you submit yourFree Application for Federal Student Aid(FAFSA) form, youll get aStudent Aid Reportthat summarizes the information you provided on your application. You can also initiate academic advising using the Academic Advising Service Request form. 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. The college strives to keep tuition, fees and textbooks affordable while also offering numerous scholarships. The deadline for Moraine Valley's institutional awards is May 1. Completing a needs analysis form (FAFSA) is the required first step in applying for most types of financial aid. 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. 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. 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. 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. Our Title IV school code is 007692. Saturday, 7 a.m. to 5 p.m. Check your Moraine Valley email often to monitor your financial aid process from start to finish. The college offers free support services, counseling, job search assistance, and many other valuable resources to ensure you're successful. VerificationA process of review to determine the accuracy of the information on a students financial aid application. More than 42 percent of our students receive some type of financial assistance, and our Financial Aid staff helps makethe process easy. Financial NeedThe difference between the Cost of Attendance and the Estimated Family Contribution. FAFSAThe federal aid application. The preferred method for completing your FAFSA is electronically. The number of hours worked is based onthe amount of work-study dollars awarded and financial need. 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. Here you can view your award amount for each semester and the entire year. Learn why Moraine Valley is one of the nation's leading community colleges. Students are strongly encouraged to make an appointment for in-person student services to ensure their questions are addressed. After this date, adjustments will not be made if you add/drop courses. 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. 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. It has the same legal status as a written signature. 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. By accessing the Financial Aid Self-Service you can print any documents needed by our office to complete your file. Monday through Friday, 7 a.m. to 11 p.m. able to demonstrate need by completing the Free Application for Federal Student Aid. Phones are not answered live, so provide a detailed message and someone will return the call. Therefore, Moraine Valley can only award Title IV aid forthe credits needed to fulfill your program of study requirements. Wednesday Friday: 8:30 a.m. - 5 p.m. In-person and remote assistance is available. New borrowers may be subject to different regulations than borrowers who have existing loan balances. Note: Business hours for specific offices or departments vary. Staff members provide personalized assistance to meet the needs of students. If you would like to reach the expeditor tasked with completing your file please see the information below. To help you understand the importance of selecting courses for your program, review this Q&A document. (708) 974-4300 (TTY 711). ConsolidationThe loan created when a borrower combines various educational loans. 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