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.
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
1. Fill out the FAFSA.
Log on to fafsa.ed.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 grant.
Moody receives any Federal Aid on your behalf and applies it towards your costs. Funds for the fall semester will disburse no earlier than September. Spring semester funds will disburse no earlier than January, and summer semester funds will disburse no earlier than May. If you are not enrolled in classes that begin in these months, then your disbursement will not be any earlier than the first day 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.