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The
award letter indicates your estimated financial aid award for
the academic year. The Student Financial Services
Office awards financial aid according to federal, state, and
institutional policies and regulations. Your indicated aid
preference was considered in the awarding process. Because
of limited funding, it is not always possible to meet all of a
student's financial need. In accordance with the philosophy
of the U.S. Department of Education, financial aid is awarded to
supplement the resources of the student and his/her family.
Detailed information regarding the types of financial aid offered
can be found in the Student Handbook and/or our website at
www.midlandstech.edu/sfs.
YOUR AWARD is
contingent upon the availability of funds and the accuracy of the
information you provided to the U.S. Department of Education and
Midlands Technical College (MTC). Your award may be adjusted
without prior notice if new information is discovered. New
information that may cause your award to be adjusted includes, but
is not limited to, receipt of other forms of financial aid,
conflicting documentation, failure to maintain Satisfactory
Academic Progress, changes in your enrollment status or federal and state regulations.
You will be notified if your award changes.
You may be
held financially responsible for any liability that occurs due to
a change in your award.
If there is some aspect of your financial situation that could
affect our evaluation of your need, you should bring this to the
attention of the Student Financial Services Office. With
proper documentation, we may consider certain unusual
circumstances. The Student Financial Services Office insures
the confidentiality of student records according to the Family
Education Rights and Privacy Act (FERPA) of 1974 (known as the
Buckley Amendment). Your family financial aid information
and the types and amounts of your aid are held in
confidence. However, information may be released to other
offices and agencies as needed to administer the financial aid
programs. Scholarship donors and loan providers are an
example of entities that may be given certain information
from your financial aid file.
COST OF
ATTENDANCE
The typical academic year (fall
and spring) cost of attendance can be found online at
www.midlandstech.edu/sfs.
This figure includes not only tuition and fees, but also an
allowance for housing, meals, books, supplies, transportation and
miscellaneous expenses. Your actual cost may vary based on
your residency, housing arrangements and course load. MTC
will bill you for tuition, fees and any other authorized charges
that may appear on your student account.
IMPORTANT
ENROLLMENT REQUIREMENTS
You must be enrolled at least
half time (six or more credit hours) to be considered for
educational loan funds, SC Lottery Tuition Assistance and the
SC State Need-Based Grant.
LIFE Scholarship recipients must be enrolled for at least 12
credit hours of non remedial coursework each term, Fall and
Spring. First time full year recipients must earn 30
eligible credit hours by the beginning of the next fall term (and
maintain a 3.0 GPA) for continued eligibility.
Limited federal funds are available for students whose enrollment
status is less than half time. Initial awards are based on
the enrollment information you provided on your FAFSA. If your
enrollment status changes, we have the right to adjust any awards
offered accordingly.
FEDERAL
WORK STUDY (FWS)
Students who work in
the Federal Work Study program are required to enroll for at least
six
credit hours Fall and Spring (3 credit hours during the summer). Community Service opportunities are available
under the FWS program. Information about these opportunities
is available in the Student Financial Services Office. If
you have received an award for FWS, you should contact the
work-study coordinator. Information on FWS can be found on our
website or in the Student Financial Services Office. Failure
to follow required guidelines will result in cancellation of your
award.
SATISFACTORY ACADEMIC PROGRESS
Pursuant to federal regulations, the Student Financial Services
Office is required to monitor the academic progress of all
students applying for federal and/or state financial
assistance. Financial aid funds can only be awarded and
disbursed to students who are making measurable progress toward
the completion of their program of study. Your entire
academic record must be considered, regardless of whether or not
you received financial assistance. We require that students
maintain at least a 2.0 cumulative grade point average, earn at
least 70% of all hours attempted, and not exceed 150% of your
current program requirements. The full policy can be found
online at www.midlandstech.edu/sfs.
ATTENTION!
ALL FINANCIAL AID STUDENTS WITH AN AWARD NOTIFICATION
Students with Financial Aid awards that cover their entire
tuition and fees are not required to report to the Cashier's
Office for fee payment. If you have a credit balance after
your tuition and fees have been paid, you may be able to charge
books and supplies in the College Bookstore. Simply go to the Bookstore with your student ID number. If you
prefer to purchase books off campus, you may stop by the
Cashier's Office to request a book check at least 11 days before
the first day of class. Any non-covered amounts must be
paid by the end of fee payment period.
All financial aid you are eligible for, with the exception of a
federal work Study award, will be credited to your student
account. Once this process has been completed, the Finance
Office is responsible for mailing your credit balance check
(balance after all charges on your student account has been
paid) to your local address.
WITHDRAWAL
If at any time you
completely withdraw during a term, you may be required to repay
all or a portion of funds received and/or credited to your
account. If you owe a repayment to a federal program or
are in default on a federal student loan, you are ineligible to
receive federal assistance. If you have a delinquent or
outstanding debt owed to MTC, you will not be able to register,
request an academic transcript or graduate until the obligation
to MTC is met.
STAFFORD
LOAN AWARD AND DISBURSEMENT
In order for your loan award to be processed, you will be
required to sign a Promissory Note and return it to the lender
before funds can be forwarded to the College. All loan
awards are made assuming you will take six or more credit
hours. If you drop below or enroll for fewer than six credit
hours, you will not be eligible to receive the loan
proceeds. All new Stafford Loan recipients are required to
participate in a process called "Entrance
Counseling". Entrance Counseling can be done online at www.midlandstech.edu/sfs.
REMINDERS
If you have not received an award
notification, you will be responsible for paying your tuition
and fees before the last day to pay fees. That date is
listed in the Class Schedule. If your award does not cover
the cost of your tuition and fees, you will be responsible for
payment of the balance due to MTC.
Should you decide not to attend the College, you must officially
withdraw. If you do not attend class but do not officially
withdraw, you will be held responsible for the tuition and fees
charged.
IT IS YOUR RESPONSIBILITY TO UPDATE YOUR MAILING ADDRESS IN THE
RECORDS OFFICE.
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