The Financial Aid Office provides a comprehensive financial aid program to meet the immediate and long-term needs of a diverse population of students. The office:
- offers quality financial aid and informational services for funding at the federal, state, institutional, and private agency levels, including grants, scholarships, work study employment, and loans to assist with the costs of college
- provides personalized information about application procedures, eligibility criteria and sources of aid to make students more knowledgeable about their rights and responsibilities
- awards financial aid in a consistent and equitable manner to all students
- assists students in planning their financial educational responsibilities with particular emphasis on debt management via loan counseling sessions
- remains current with all federal and state regulations, and new programs
- assists students in exploring private as well as traditional sources of aid
- conducts ongoing evaluation of the effectiveness of all of our programs
Need Help Paying for College?
The Chicagoland Regional College Program (CRCP) may be your answer. This unique partnership with Moraine Valley can provide up to $5,000 in tuition and book assistance, a $100 monthly transportation allowance, plus a monthly stipend of $300 ($500 for qualified veterans). Students earn a weekly paycheck working as part-time package handlers at UPS in Hodgkins, along with a financial package that can enable you to earn your degree debt free. Learn more at http://www.crcprogram.com
Important Financial Aid Facts to Know
- Repeated Courses
- Courses may be repeated once and count towards enrollment status for Title IV aid (Federal Pell Grant, Federal SEOG, Federal Work-Study, and Federal Direct Loans) if you previously received a grade of "D" or better in the course. If a student passed a class once and then is repaid for retaking it and fails the second time, that failure counts as their paid retake and the student may not be paid for retaking the class a third time.
- F Forgiveness
- All hours, regardless of the F Forgiveness policy, must be considered when calculating a student's GPA and hours attempted/earned ratio for financial aid academic standards of progress.
- GI Bill Online Remedial Courses
- Online remedial courses cannot be certified for veterans receiving the GI Bill.
- Summer Pell Grant
- Students only are eligible for the summer Pell Grant if they received Pell funds for only fall 2014 or spring 2015 OR if the student was paid less than full-time in either fall 2014 or spring 2015. For financial aid purposes, 12 credit hours or more is considered full-time; 9-11 credit hours is considered three-quarter-time; 6-8 credit hours is considered half-time; and 5 or less credit hours is considered less than half-time.
- Return of Title IV
- If a student has non-attends or withdrawals in all courses for a particular summer session, the student's aid will be recalculated for return of Title IV aid. The student is responsible for any overpayment. Examples are available in the Financial Aid Office (S107).
- Late Enrollment
- A student must be registered by the last day of the refund period of the course for the credit hours to be considered for federal student aid.
- IRS Data Retrieval
- Students are encouraged to request the IRS Data Retrieval when completing the FAFSA. You are able to do this two weeks after the IRS has received the tax return. By doing so, you will more than likely not be selected for verification. Otherwise, if selected, you and your parent are no longer able to bring in a copy of your tax return. You must obtain a tax transcript from the IRS.
- Ability to Benefit
- Students who do not have a high school diploma or a GED, or do not meet the home school requirements will not be eligible to receive aid. However, students who received aid in the past under the Ability to Benefit Provision may still be eligible.
- Pell Grant Duration of Eligibility
- The maximum time a student may be eligible to receive Pell Grant funds is 12 full-time semesters. A percentage is calculated for students not attending full-time.
- Disbursement of Aid
- Financial aid amounts are based on credit hours enrolled, course level, academic progress, funding, and program regulations. If a student drops, withdraws, fails, or does not attend courses, awards will be adjusted or canceled. The student will be responsible for any overpayments.