Every day students are looking for ways to finance their education. One way to meet that challenge is by attending Moraine Valley Community College. More than 42 percent of our students receive some type of financial assistance, and our Financial Aid staff helps make the process easy.
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.
In addition, you no longer need to estimate income and tax information. You can access your tax data (and parents’ data if required) directly from the IRS portal right away. They also will have information about your Expected Family Contributions earlier, which will help you go through the college application and selection process.
The Financial Aid office offers financial aid and information for funding at the federal, state, institutional, and private agency levels. Types of aid include grants, scholarships, work-study employment, and loans.
Staff members provide personalized assistance to meet the needs of students. Contact the office by phone at (708) 974-5726, by fax (708) 974-0974, or in person in Building S, Room S107.
Hours and Announcements
|Fall/Spring Hours||Summer Hours (May 22- Aug. 5)|
|Monday-Tuesday 8:30 a.m.-7:30 p.m.|
Wednesday-Friday 8:30 a.m.-5:00 p.m.
|Monday-Tuesday 8:30 a.m.-7:30 p.m.
Wednesday-Thursday 8:30 a.m.-5:00 p.m.
Friday 8 a.m.-12:00 p.m.
Applying for Financial Aid
Students need to complete the Free Application for Federal Student Aid (FAFSA) to apply for federal and state aid, plus institutional awards. The FAFSA filing deadline is June 30.
Students need to complete the FAFSA as soon as possible. Financial Aid deadlines are critical. Filing late can jeopardize your chances to receive aid.
The deadline for Moraine Valley's institutional awards is May 1. Illinois' Monetary Award Program (MAP) begins awarding after Jan. 1.
The Financial Aid Office has partnered with the i3 Group to help current and former Moraine Valley students manage their student loan repayment options. 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. Create an account at i-3group.com and click “For Students” or call an i3 counselor at (866) 296-7955.
Financial Aid Eligible Courses
The Department of Education (ED) will not pay for courses that do not count toward completing your degree or certificate. Those courses also cannot be used to determine your enrollment status unless they are eligible for remedial courses. Therefore, Moraine Valley can only award Title IV aid for the credits needed to fulfill your program of study requirements.
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. 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.
After applying to the college, you can access the Student Planning tool in MVConnect, the student portal, to see which courses are required for your program of study. If you believe the program of study listed in Student Planning is not correct, meet with an academic advisor to review. All students should meet with an academic advisor each semester to ensure they are on track.
Regardless of your method of payment, taking courses that don’t apply to your certificate/degree can cause delayed graduation and a higher educational cost. Your grants and loans have usage limitations that also could be at risk if you are not careful.
To help you understand the importance of selecting courses for your program, review this Q&A document.
Types of Aid
Grants are a form of aid that does not have to be repaid. They are available to students who demonstrate the greatest need. There are a variety of grants available from the federal government and the Illinois Student Assistance Commission.
Student Loans can be useful, but students should be aware of the responsibility of borrowing money to finance their education.
The Federal Work-Study program provides on-campus and nonprofit off-campus employment for students. Students who receive Federal Work Study funds must demonstrate need, be paid federal minimum wage and perform work-study employment from 5-20 hours per week. The number of hours worked is based on the amount of work-study dollars awarded and financial need. If you are interested in the work-study program, contact the Financial Aid Office in Building S, Room S107.
For positions not based on need, visit the Job Resource Center in Building S, Room S202.
Moraine Valley offers scholarships to reward academic success, encourage leadership and to give financial help.
Veterans' Educational benefits eligibility is determined by the date of enlistment. The final decision on eligibility is made by the U.S. Department of Veteran Affairs (VA).
Benefits may only be used for educational objectives defined as the completion of a VA-approved credit degree or certificate program. Application forms are available in the Financial Aid Office in Building S, Room S107.
Financial Aid Calendar
|Activity||Fall Semester||Spring Semester||Summer Semester|
|Financial Aid Priority Processing Date||May. 1, 2018||Oct. 1, 2018||March 1, 2019|
|Bookstore Voucher Deadline||Jul. 1, 2018||Dec. 1, 2018||May 1, 2019|
|First Day of Term||Aug. 20, 2018||Jan. 14, 2019||May 20, 2019|
|First Date to Purchase Books on Voucher||Aug. 6, 2018||Jan. 7, 2019||May 6, 2019|
|Last Date to Purchase Books on Voucher*||Aug. 31, 2018||Jan. 25, 2019||May 31, 2019|
|Financial Aid Census Date*||Aug. 29, 2018||January 23, 2019||June 14, 2019|
|FAFSA Application Available Online||The new application is available every Oct. 1.|
|Deadline to Submit Paperwork for Full Consideration**||Dec. 7, 2018||May. 10, 2019||July 26, 2019|
|Financial Aid Appeal Deadline||See financial aid appeal form for current dates.|
|Financial Aid Disbursements Begin by||Sept. 17, 2018||Feb. 11, 2019||June 17, 2019|
|Last Day of the Term||Dec. 14, 2018||May 17, 2019||Aug. 2, 2019|
Note: Federal regulations for student loan disbursements
*One-semester loans must be disbursed in two equal disbursements.
Pell Recalculation Date
Financial aid payments will be disbursed based on the number of credits you are enrolled in on the pell recalculation date. After this date, adjustments will not be made if you add/drop courses. Students should register for all courses for the semester prior to the pell recalculation date. Any course(s) added after the pell recalculation date will not be funded by financial aid.
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.
Students are advised to confirm their attendance in each of their courses prior to the financial aid pell recalculation date.
Financial Aid Return of Title IV Funds (R2T4) – See the policy for more information.