Student Resource Guide

 

Finance

Financing Your Education

Financing Your EducationThe enrollment process will be completed once tuition and fees are paid. This module explores the area of financing college education. Click on the advance button below and let's get started.

As you begin college and progress toward graduation, it is essential for you to have a clear plan to finance college. The earlier this process begins, the better the chance of having everything in place before registration for classes begin. This is usually a long process and cannot be completed overnight.

Self Financed

For students who prefer not to apply for or do not qualify for Federal Student Aid, there are other ways to finance education:

FAFSA LogoCompleting a FAFSA

Most South Carolina residents discover they are eligible to receive some form of Federal, State or College financial assistance by completing the Free Application for Federal Student Aid (FAFSA).Opens new window Eligibility for scholarships, grants and other financial assistance can be determined through the FAFSA.

For more information on Federal and State financial aid, visit MTC's Student Financial Services website.Opens new window

How to Maintain Financial Assistance

Once you accept a financial aid award, you must maintain eligibility. Maintaining eligibility for most types of educational financial assistance requires the following:

  • Step 1. Completion of a FAFSA for each academic year you are enrolled.
  • Step 2. Maintain a GPA of at least a 2.0 for each term of enrollment.
  • Step 3. Successful completion of 70 percent of classes taken each term. Grades of 'W', 'WF', 'F' and 'I' do not count as successful course completions.
  • Step 4. Completion of your academic program in no more than 150 percent of the required credit hours for the program. All attempted hours are included in this calculation.

Scholarships have a separate criteria for continued eligibility.