At this time, MTC does not participate in any State or Federal Loan Programs. Financial aid is calculated by determining the Cost of Attendance (COA) for a specific period of time or academic year and determining the unmet need of a student. Marion Technical College will use a 900 hour/26 week academic year for most programs.
A complete list of academic year information by program is available in the Financial Aid Office. The Federal Pell Grant payment and disbursement schedules provided by the U.S. Department of Education are used to determine annual award amounts. The COA, Expected Family Contribution (EFC) and enrollment status of the student are used in these calculations. Marion Technical College uses a Third Party Servicer-FAME to assist with these calculations. A complete Policies and Procedures manual is available for viewing in the Financial Aid Office.
Disclosure Requirements: Section 18004(a)
The Certification and Agreement directs each institution applying for HEERF funds to provide the following information in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter:
Date: 06/23/2020
Students enrolled in an eligible career pathway program who are not high school graduates and do not have a diploma equivalent may be eligible to receive Title IV aid if they pass an independently administered, ED-approved Ability-to-Benefit test or complete 6 credit hours or or 225 clock hours that apply to a degree or certificate offered by the school. For more information about Ability-to-Benefit criteria, please visit the Financial Aid office.
The MTC Financial Aid Office is open from 8:00 a.m. to 5:30 p.m., Monday through Thursday, and 8:00 a.m. to 3:00 p.m. on Friday during the fall and spring semesters for general financial aid information. During the summer months, the Financial Aid Office has limited hours and is closed on Fridays. Appointments are necessary to use computers in the Financial Aid Office to complete an online Free Application for Federal Student Aid application (FAFSA). To qualify for Title IV federal financial aid (Pell Grant) a student must complete the Free Application for Federal Student Aid application (FAFSA) www.fafsa.gov.
Satisfactory Academic Progress Policy 20-21
Third Party Site for Additional Help with FASFA Click Here
FINANCIAL AID CONSUMER INFORMATION DISCLOSURES
Marion Technical College Refund Policy-Procedures