Academic Catalog

Financial Aid Programs

Federal Pell Grants

Undergraduate students who have not received a bachelor’s or professional degree may be considered for the Federal Pell Grant program. Students are limited to the equivalent of 12 semesters (or 600%) of Pell Grant eligibility during their lifetime. The amount of the grant received depends on the student’s Expected Family Contribution (EFC) as determined by the U.S. Department of Education through the Free Application for Federal Student Aid (FAFSA) and the student’s enrollment status. A FAFSA must be completed for each new academic year.

Federal Supplemental Educational Opportunity Grants

Federal Supplemental Educational Opportunity Grants (FSEOG) are available to students who have not completed a bachelor’s or professional degree. FSEOGs are awarded to exceptionally needy students. Priority is given to students with the lowest EFC and to students who receive the Federal Pell Grant. An FSEOG is a federal grant and does not have to be repaid. There is no guarantee every eligible student will receive an FSEOG award. Funding for this program is limited.

Federal Work-Study

The Federal Work-Study (FWS) program provides part-time employment for students to help meet their educational expenses. The program encourages community service work and work related to a student’s course of study. Students who are currently enrolled in a degree-seeking program or eligible certificate or diploma program may work an average of 15 to 20 hours per week. The number of hours assigned per week to a student is based on the amount of the total FWS award, the student’s class schedule and the student’s academic progress. FWS positions may be on or off campus.

The total Federal Work-Study award depends on the time of application, the level of financial need and the availability of funds. Students will be paid by he hour. Hourly rates vary according to the position held. Federal Work-Study earnings are deposited once a month to the student’s preferred bank account.

Federal Direct Loans

Direct loans are the Federal government’s major form of self-help aid. These loans are available through the William D. Ford Federal Direct Loan program. Direct loans can be either subsidized or unsubsidized. Please reference the Student Financial Services web page for information regarding student loan limits and application procedures.

A Subsidized Loan is awarded on the basis of financial need. No interest accrues and no payments are required during an eligible period of deferment. The federal government “subsidizes” the loan during these periods by paying the interest for the student.

Unsubsidized Direct Loans accrue interest from the time the loan is disbursed until it is paid in full.

Direct Parent Loans for Undergraduate Students (PLUS) provides loans to parents for the purpose of paying the educational expenses of their dependent student.

LIFE Scholarship

LIFE Scholarships are merit-based South Carolina awards recognizing high school and college academic performance. Students who are SC residents and graduate from a South Carolina high school with a 3.0 GPA on a 4.0 standard scale may be eligible for a LIFE Scholarship provided the student enrolls in at least 12.0 credit hours of college-level work in courses at the 101-level or higher. To be LIFE eligible as a continuing college student, the student must earn a minimum of 30 semester hours in college coursework at the 101 course-level or higher per year and maintain a 3.0 GPA. An eligible student may receive a LIFE Scholarship for up to two academic years (four semesters) for an associate degree program and one academic year (two semesters) for a diploma or certificate program.

Transfer students must have earned a minimum 3.0 LIFE GPA on a 4.0 grading scale to receive the LIFE scholarship at MTC. Coursework from all institutions attended is considered in calculating the LIFE GPA. More information is available on the Student Financial Services website.

Lottery Tuition Assistance

Information on the S.C. Education Lottery Act is provided on the S.C. Technical College System’s website.

Award amounts depend on the proceeds generated by the Lottery and the final laws, rules and regulations issued by appropriate state and college officials. Updated information is available on the Student Financial Services website.

Lottery-funded tuition assistance is not based on financial need. Any South Carolina student who qualifies for in-state tuition rates at a public two-year college may be eligible to receive Lottery Tuition Assistance if the student’s tuition costs are not paid by federal or other state aid.

South Carolina Need-Based Grants

South Carolina Need-Based Grants (SCNBG) are available to a limited number of students with high financial need, as determined by the student’s EFC. Students must be South Carolina residents to qualify. Funding for this program is limited.

MTC Scholarships

MTC academic scholarships are awarded each year to both entering and continuing students. The application deadline is early April each year for the upcoming fall/spring term.

The criteria for scholarships vary, but may include academic achievement, community participation and financial need. The application and eligibility information are available on the Student Financial Services website.

Other Scholarships Assistance

Students can find a variety of college scholarship resources on the Student Financial Services website.

Print This Page