Moravian College offers financial aid to qualified students in the form of scholarships, grants, loans, and student employment. Such aid is intended to supplement the financial resources of the student's family. It is based on the applicant's academic promise and documented financial need. More than 90% of Moravian students receive financial aid in some form, and most offers of aid include a combination of grants, loans, and student employment.
Moravian College requires all students to file the Free Application for Federal Student Aid (FAFSA) if they wish to be considered for need-based federal, state and College-funded aid. FAFSA is also the gateway for all types of student and parent educational loans. Students interested in applying for state grants must do so in accordance with their home state's application requirements. Your FAFSA should be submitted as soon as possible following the October 1 startup of each year's application cycle. Moravian College's priority FAFSA receipt date is January 15. The FAFSA is available online at www.fafsa.gov.
To be awarded financial aid, an applicant must be a full-time, academically qualified student, and must have submitted all required financial aid forms as well as all requested supporting documentation to establish eligibility for need-based aid. In some cases, an applicant may qualify for certain designated scholarships offered by the College. A list of these scholarships is available from the Financial Aid Office.
Moravian College offers merit scholarships to new students without regard to financial need. Merit scholarship programs are designed to recognize outstanding achievements, special talents, and future promise of selected students who have demonstrated the potential to make significant contributions while enrolled at Moravian. Annual renewal is contingent upon the student's maintaining a specified quality-point average. The number of scholarships is limited. Preference is given to on-time applicants.
Financial aid awarded for the first year is typically renewable on a funds-available basis, provided the student meets the requisite grade point average (in the case of merit scholarships), continues to demonstrate need (in the case of need-based awards), and maintains continuous enrollment and satisfactory academic progress toward a degree. Because some financial resources are limited, students are well advised to file the FAFSA every year by the College's January 15 priority date.
To continue receiving federal, state, and institutional financial aid, students must initially achieve a minimum GPA of 1.40 at the end of the first academic year; 1.70 after 12 scheduled course units; 1.80 after 18 units; and 2.00 after 24 units. Full-time students must complete a minimum of six course units each academic year and must fulfill all degree requirements within a maximum of 10 regular terms. Evaluation of a student's eligibility is made annually, and eligibility may be withdrawn if a student is not maintaining the prescribed standards. Students who are denied financial aid for lack of academic progress may appeal in writing to the director of financial aid. Details of Moravian's financial aid policy are available from the director of financial aid and are distributed each year.
In determining eligibility for federal student loans, the Financial Aid Office must apply the satisfactory academic progress policy as well as the College's criteria for class membership, which are based on the number of course units completed (see class standing). In applying these criteria, loan levels 1, 2, 3, and 4 correspond to freshman, sophomore, junior, and senior standing, respectively.
Further information on Moravian's financial-aid program and information on student employment is available from the Financial Aid Office, Moravian College, 1200 Main Street, Bethlehem, Pennsylvania 18018, 610 861-1330, or from the financial aid page of the College's website.