Paying for school can be the most difficult part of your academic endeavors. Fortunately, for eligible students, there are quite a few sources of financial aid available, in terms of both grants and loans. You should carefully consider all your options before pursuing financial aid.
The financial-aid program at Martin Community College was established to ensure that qualified students have the opportunity to continue their education. Financial aid is awarded largely on the basis of need, which is the difference between a student's annual cost of education and the amount the student (and his or her family) can reasonably contribute toward his or her education. Need is determined by a formula established by the United States Congress.
To talk to someone about financial aid at MCC, please call the MCC Financial Aid Office at 252-789-0244 / 252-789-0204, or see the MCC Contact page for more contact options.
If you wish to apply for financial aid, you must do so each year by completing a Free Application for Federal Student Aid (FAFSA), which you can complete for free online (http://www.fafsa.gov/). Complete the application as soon as possible to ensure you receive any eligible awards; at the latest, you should submit an application by May 1, for the following academic year.
Approximately six to eight weeks after submitting the FAFSA, you will receive a document called a Student Aid Report (SAR). This document should be checked for accuracy, and any necessary changes should be corrected immediately. The MCC Financial Aid Office can make these changes electronically if MCC's school code is listed on the application. Other documentation may be required and will be requested from you, as necessary. After all documentation has been submitted, the MCC Financial Aid Office will process your financial-aid application, verify your academic eligibility, and send you an award letter indicating the financial aid awarded for the current academic year.
Financial aid is awarded in the form of grants, scholarships, and part-time employment (also called "work-study"). Grants and scholarships are gifts that do not have to be repaid, whereas work-study is money that a student earns by working part-time for the College or a governmental and/or a nonprofit agency. Financial-aid awards are mailed to your address on record in the MCC Registrar's Office. It is your responsibility to keep your information current.
Simply obtaining financial aid is not enough; you also must maintain your standing while taking classes. During your academic career, if your cumulative grade point average (GPA) falls below the 2.0 as required for satisfactory progress by the College, then you will be placed on financial-aid probation for the next semester. If you do not meet the minimum GPA standards at the end of the probationary semester, then all federal aid will be withheld until GPA standards are met. Aid provided by the State, College, foundation, or other financial-aid award may also be withheld, depending on the requirements of the specific award program.
You must be enrolled in a curriculum program and must meet all academic requirements, which includes making satisfactory academic progress as defined by the MCC Satisfactory Academic Progress Policy for Financial Aid. Changes to your major can impact your financial aid; if you wish to either double major or change your major, you should see the Financial Aid Director to ensure continuation of your financial-aid funding.
Generally, visiting/special-credit students are not eligible for most types of financial-aid.
The following grants may be available to you, if eligible:
MCC has a limited number of institutional scholarships which are generally awarded to students with exceptional academic averages. In selecting recipients, the MCC Financial Aid Director reviews all applications and presents award candidates to the MCC Financial Aid Committee based on the student's academic record, financial need, and other requirements as described for the individual scholarships. The MCC Financial Aid Committee and/or appointed Scholarship Committee makes the final decision on scholarship awards. Contact the MCC Financial Aid Office for more information.
The Federal Work-Study program provides part-time jobs for students with financial need. It allows students to earn money to help pay their educational expenses while enhancing their work experiences. Students who are accepted in this program work approximately 10 to 12 hours per week, earn minimum wage, and are paid on a monthly basis. Contact the MCC Financial Aid Office for more information.
Under MCC's loan program, students may borrow money to pay tuition or book expenses. Monies have been made available from the following sources for short-term loans for students: Martin County Chamber of Commerce, Clarence E. Biggs (Emergency Loan Fund), Trustees/Friends, and the North Carolina Community College Loan Program. Contact the MCC Financial Aid Office for more information.