Student Services and Activities

Financial Aid for Students

Mission

The Financial Aid Office staff at Midlands Technical College is committed to providing quality service to students, the college and the community. Staff members are dedicated to assisting students with their financial needs and serving the community in which the college is located.

Eligibility Requirements

To receive Federal Title IV assistance and state assistance, an applicant must:

• File the Free Application for Federal Student Aid (FAFSA), using MTC code 003993.

• Demonstrate financial need (except for certain loan programs).

• Have a high school diploma or a General Education Development (GED) certificate, or have passed the COMPASS or ASSET tests, which are administered by Midlands technical College. Contact the Assessment Office for details.

• Be enrolled as a regular student in an eligible program of study.

• Be a US citizen or an eligible noncitizen.

• Have a valid Social Security Number.

• Make satisfactory academic progress, according to financial aid standards.

NOTE: Applicants should save all records and other materials used in applying for aid because they may be needed later if the applicant is selected for a process called "verification."

Applicants for Federal Aid Will Receive

A Student Aid Report (SAR) will be mailed from the federal processor within four to six weeks from the time the application for federal financial assistance is submitted. APPLICANTS SHOULD FOLLOW ANY INSTRUCTIONS AND MAKE ALL APPROPRIATE CORRECTIONS, if necessary. If no corrections are required, retain the SAR for record purpose. MTC will receive SAR information electronically from the federal processor. MTC code 003993 must be on the FAFSA for MTC to receive the SAR report.

Application Process

No financial aid award can be made until the college's financial aid application process is completed. A complete application is defined as one that has been received, reviewed and found free from errors and not requiring additional information for verification.

Financial Aid Awards

Once the file is complete, the applicant will be notified by mail regarding the financial aid award status. The award notification will list the type(s) and amount(s) of assistance the student will receive. Students receiving state aid must sign a certification/affidavit form and return it to the Financial Aid Office prior to disbursement. This form will be enclosed with the award notification.

All financial aid awards are subject to change if the information upon which they were based changes or federal regulations require a change.

Awards will be based on the cost to attend MTC and the results of the FAFSA. The average total cost for an in-county resident living off-campus and attending full-time fall and spring was $11,160 for 2001-2002. That cost included tuition, fees, books, supplies, room, board, transportation and personal expenses. Individual student cost depends on factors such as residency, enrollment status and housing arrangements.

Deadlines: To receive priority and maximum consideration for all forms of aid, applicants should complete the application process by April 15th (prior to the start of the fall term of the award year).

Financial Aid Disbursements

All aid listed on the award letter, with the exception of a Federal Work Study award, will be credited to the student's account. If a credit balance occurs after applying tuition, fees, and any other authorized charges, the Finance Office will issue a check within 3 days after the credit occurs. The check will be mailed to the student's home address (It is the student's responsibility to update your mailing address in the Records Office).