In general, financial aid is intended for students who demonstrate the need for assistance. The process of "needs analysis" focuses on the amount your family can be reasonably expected to contribute toward your education. To determine need, each year you must complete the Free Application for Federal Student Aid (FAFSA). This information is used in a federally approved formula that compares your family's income and assets with the family's expenses and calculates an Expected Family Contribution (EFC) figure. The EFC is used to determine your eligibility for federal student aid programs, including grants and loans.
How do I qualify to be eligible to receive aid?
- Provide evidence of high school or GED completion.
- Be a U.S. citizen or a permanent resident.
- Be enrolled in, by paying a $45 tuition deposit per course, and registered for at least 2 units of courses in an applicable degree or certificate program as noted in the question, "What types of financial aid might I be eligible for?" below.
How do I apply for financial aid?
File the following forms:
- Either the FAFSA or renewal FAFSA (automatically sent to you if you filed for financial aid last year).
- The Moravian College Financial Aid Application for Comenius Center students.
Here are some helpful hints about these applications.
- The FAFSA will require certain information from your IRS (Form 1040) income tax return. You are required to submit signed copies of the 1040 forms, including W-2 forms and all schedules.
- Please be sure to copy all documents for your records!
- Because of the four- to six-week processing time for financial aid applications, we recommend that all applications be mailed by March 15 to meet the April 15 preferred submission date.
- The above forms are analyzed and your family contribution amount is determined, which will indicate the level of your need. This amount will be used by the Moravian College Financial Aid Office in determining how much aid you may receive.
- Allow plenty of time for processing your forms since it may take a number of weeks!
- You are responsible for following through with your application, so contact the financial aid office (610 861-1330) with any questions.
- Until you file all the forms, no one can estimate how much aid you'll be eligible for. You need to submit all forms for loans as well as grants.
What else do I need to know?
Most aid awarded to evening college students is in the form of federal aid and state aid. For financial aid purposes,
- Undergraduate students are full-time if they are registered for a minimum of three (3) course units (12 credits) per term. They are half-time if they are registered for a minimum of 1.5 course units (6 credits) per term.
- Graduate students are full-time if they are registered for a minimum of three (3) courses in a single semester equaling or exceeding nine credits. They are half-time if they are registered for a minimum of two (2) courses in a single semester equaling or exceeding six credits.
What types of aid might I be eligible for?
PHEAA - Pennsylvania State Grants
These grants are awarded to full-time and half-time first baccalaureate degree candidates who demonstrate need. The deadline for this program is May 1, but we suggest a mailing date of March 15. File either the FAFSA or renewal FAFSA and The Moravian College Financial Aid Application for Comenius Center students.
Federal Pell Grants
These grants are awarded to full-time and half-time first baccalaureate degree candidates who demonstrate need. File either the FAFSA or renewal FAFSA and The Moravian College Financial Aid Application for Comenius Center students.
Federal Stafford Loans
Stafford Loans are long-term, low-interest loans that are available to full-time and half-time students.
- Subsidized Stafford Loans are need-based, and interest is paid by the government as long as you are in school at least half-time.
- Unsubsidized Stafford Loans are available to students who do not qualify for subsidized Stafford loans. Interest is charged from the time the loan is dispersed to the time it's paid in full.
- File either the FAFSA or renewal FAFSA and The Moravian College Financial Aid Application for Comenius Center students.