FAFSA Information

See below for information on how to complete the FAFSA process as well as Frequently Asked Questions regarding the process.

Undergraduate Students

As the cost of education continues to increase and economic difficulties limit our donors’ support, Moody remains firmly committed to sustaining our program without compromising the integrity of our Bible-based education. We believe God has provided an avenue to assist in meeting this central distinctive through accepting Federal Pell Grants and Federal Supplemental Educational Opportunity Grants (FSEOG) through participation in the Title IV Federal Student Aid program.

Graduate Students

Moody uses the FAFSA application process to determine the financial needs of students. A student applying for Institutional Aid must complete the FAFSA before applying for Moody Scholarships and Grants. The FAFSA also serves as the application for Federal Direct Unsubsidized Loans.

Federal Aid and FAFSA Process

BI - Financial Aid - Federal Aid 1. Fill out the FAFSA.
Log on to studentaid.gov and fill out the free application. Moody's school code is 001727. Each student should fill out the FAFSA annually.

2. Financial aid is estimated.
After filling out the FAFSA, Moody will estimate your financial aid awards. The estimate assumes full-time enrollment unless you are registered for classes, then the estimate will be based on the credits for which you are registered.

3. Moody notifies you of your awards.
You will be contacted with your estimated Federal Aid award amount.

4. Moody receives and disburses your aid.
Moody receives any Federal Aid on your behalf and applies it towards your costs. Funds will disburse no earlier than ten days before the start of classes. Freshmen borrowing Federal Direct Loans for the first time will not receive their first disbursement until at least 30 days after the start of classes.

5. Pay remaining student bill.
After Federal Aid is applied to your tuition, you'll need to pay the remaining tuition, costs and fees on your student bill.

After filling out the FAFSA, some students are selected for a process called "verification." One way to streamline verification and expedite FAFSA processing is to use the Data Retrieval Tool within the FAFSA.

FAQs

Completing the Free Application for Federal Student Aid (FAFSA)

What is the best way to complete the FAFSA?

What is Moody's federal school code?

I probably don't qualify for aid. Should I apply for aid anyway?

Do I need to be admitted at Moody before I can submit the FAFSA?

Do I have to reapply for financial aid every year?

Yes. The Office of Student Financial Services requires that you submit a new FAFSA every year. If your financial circumstances change, you may get more or less aid. Note that your eligibility for financial aid may change significantly, especially if you have a different number of family members in college. Renewal of your financial aid package also depends on you making satisfactory academic progress toward a degree, such as earning a minimum number of credits and achieving a minimum GPA.

I have already completed the FAFSA for another school. How do I add Moody to my FAFSA form?

If you have already completed the FAFSA but did not list Moody in the school section, you may edit your FAFSA online at http://www.fafsa.ed.gov/. Sign in using your PIN and add Moody's school code (001727) to the list of schools. You may also contact the Federal Student Aid Center at 1-800-433-3243 for instructions on how to have your information sent to Moody. Once the Financial Aid Office receives your information, we will notify you of your financial aid status and required paperwork.

Receiving Notification of Financial Aid

How do I find out about the status of my financial aid?

Home Schooling and Financial Aid

Are there any programs that provide student financial assistance to homeschooled children?

Homeschooled students are eligible for federal student aid for college if they have "completed a secondary school education in a home school setting that is treated as a home school or private school under State law" (Section 484(d)(3) of the Higher Education Act of 1965). Homeschooled students have not been required to take the GED or take an ability-to-benefit test since the Higher Education Amendments of 1998.

High school dropouts must take a GED exam or an ability-to-benefit test, but students who have completed a home schooled secondary education that satisfies the requirements of state law do not. For additional information, see http://www.hslda.org/.

Many private scholarships are open to homeschooled students. Some scholarships, however, require a high school diploma or GED. If a scholarship requires a high school diploma or GED, ask for a clarification or exception before applying.

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