ISAC and Understanding Your Financial Aid
Get Free One-On-One Assistance
Are you looking for some free one-on-one assistance? A representative from ISAC (the Illinois Student Assistance Commission) will be present to answer any questions you may have or provide assistance with the following:
- Completing the FAFSA or Alternative Application for Illinois Financial Aid
- Assisting students with updating/correcting your FAFSA
- Reviewing or understanding your Student Aid Report (SAR)
First-time financial aid applicants are encouraged to learn more regarding their rights and responsibilities as it pertains to receiving financial aid at Moraine Valley Community College through our online Paying for College course. The engaging course is comprised of a series of mini-modules covering topics such as Types of Financial Aid, Understanding Financial Need, Satisfactory Academic Progress, and Dealing with Not Enough Aid. The course has an embedded knowledge assessment designed to gauge participants’ retention of content.
Once a student has reached financial aid warning, they have a delicate task ahead to ensure their continued financial aid eligibility. Failure to take corrective action could result in the loss of their aid for subsequent term(s). The college has a workshop to assist in the understanding of this financial aid status. Workshops are offered at the beginning of each fall and spring term. Communication to those needing to attend will be sent accordingly.
To ensure continued use of financial aid, understanding how to maintain your eligibility is a top priority. Failure to take corrective action to protect your financial aid eligibility may result in the loss of your aid for subsequent term(s). The college has a workshop to assist you in understanding the delicate tasks of being placed on financial aid warning.
For additional information, please contact the Student Success Center at (708) 974-5277 or via email.
As a first time loan recipient, the college provides an easy and accessible online course to provide students with a series of modules covering topics such as Understanding Education Loans, The Master Promissory Note, Repayment Strategies, and Dealing with Student Loan Default. Once students complete their Loan Request Form, they will be provided the access code to complete the course. Accompanying the sequence of topic modules is a knowledge assessment where students are required to complete with a 70 percent or higher.
As federal loan recipients near 70 percent of program/degree completion, they will be prompted to complete the Repayment Success course online aimed at providing an overview of Grace and Deferment Period Strategies, Avoiding Delinquency and Default, Repayment Strategies and Loan Consolidation, to name a few. This brief course is designed to assist students in making the appropriate plans towards repayment and avoid loan default as they prepare to exit the institution.
Each October, the college offers a series of interactive programming designed to spark conversation around various aspects of financial literacy as well as raise campus wide awareness for the release of the new FAFSA application. Attendance to programming enter students into a campus wide drawing with items sponsored by our campus bookstore and community partners.
Request A Workshop
Financial Literacy Jeopardy
Try your hand at categories ranging from how to pay for college, budgeting, credit and life after graduation.
Players must make difficult decisions necessary to live for one month on $1000, often having to choose between equally disagreeable options, illustrating real life examples of those who aim to survive poverty and homelessness.