Financial Aid

Application for Financial Aid

MCC attempts to assist students with their expenses by constructing a package of grants, loans, scholarships and work opportunities. The amount awarded through each program depends greatly upon an analysis of the applicant’s financial situation. For this reason, students wishing to participate are required to complete a Free Application for Federal Student Aid (FAFSA) and an MCC Financial Aid Annual Information Form

Entering freshmen are encouraged to submit a financial statement and application as early as possible in their senior year of high school. For maximum award consideration, all information should be submitted for first-time freshmen by March 1 and returning students by March 15.

Documentation Required (Prior to Payment of Financial Aid)

Students are not eligible to receive financial aid until the following documents are on file in the Admissions or Financial Aid Office.

• Application for Admission
• Proof of high school graduation or equivalent
• Student Aid Report and necessary documentation to complete verification
• Release to transfer aid to student account
• Verification of Attendance Form
• Copy of social security card and driver's licence
• Financial aid award letter

Loan Default Policy

Students found in default of Title IV loans or owing a Title IV refund to any college will not be eligible to receive financial aid. Academic transcripts will not be released to students who are found in default on Title IV federal loans or who owe any Title IV refund to MCC.

Enrollment Status

To participate in financial aid programs, students must enroll for a minimum of six semester hours in an eligible degree program. Exceptions to this requirement are the Michigan Adult Part-Time Grant and the Pell Grant.

Method and Frequency of Financial Aid Payments

Money from all grants will be transferred to student accounts no earlier than one week after the drop/add period.

Attendance Verification Forms must be verified by each instructor for each class in which the student is enrolled. If a student is enrolled in a class that has a late start date, the student must be in attendance of enough regular start classes to prove at least half-time attendance. If attendance is not yet at half-time, refund of loan checks will be held until attendance verification is proven.

Refunds from grants will be made by check at the time there is a credit balance on the student’s account and the Attendance Verification Form has been completed and returned to the Financial Aid Office.

Loan money will be disbursed to student accounts no earlier than 30 days after classes begin. Refunds from loans will be made by check when there is a credit balance on the account and the Attendance Verification Form has been submitted to the Financial Aid Office.

Loan applications will be processed so disbursement dates will coincide with this policy.

Federal Title IV Recipient Refund Policy

Federal aid recipients who withdraw from ALL classes before completing 60% of the semester may be required to repay a prorated portion of the federal aid received.

MCC Title IV Refund Distribution Policy

MCC refunds Title IV funds first to the Federal Stafford Loan Program, then to the Supplemental Educational Opportunity Grant and then to the Pell Grant program.

Student Cost of Attendance and Award Packaging

The sample cost of attendance below includes the major costs that may be incurred by MCC students during the 2006-2007 academic year. It is used by the Financial Aid Office to calculate a student’s financial need.

Student Cost of Attendance and Award Packaging

The sample cost of attendance below includes the major costs that may be incurred by MCC students during the 2007-2008 academic year. It is used by the Financial Aid Office to calculate a student’s financial need.

Dependent Students (based on in district, full-time) for 2007/2008
(This is also used for determining need for Michigan Competitive Scholarship recipients.)

Independent Students (based on in district, full-time) for 2007/2008

Change of Address or Financial Circumstance

Financial aid recipients must inform the Financial Aid Office of changes in address or financial circumstances.

Citizenship and Residency Requirements

Federal financial aid is restricted to US citizens and qualified aliens. State of Michigan aid is restricted to those having continuous residency in the state for 12 months prior to enrollment.

Types of Financial Aid Available

Scholarships are nonrepayable money usually based on academic performance or demonstrated need.

Grants are nonrepayable money usually based on demonstrated need.

Loans are money that must be repaid after students leave college or enroll less than half time.

Employment is part-time work on and off campus. The total hours a student works are determined by financial need. Students are paid every two weeks.