What is Financial Aid?
Financial aid is money for direct and indirect college expenses. This money comes in three forms:
- Grants which DO NOT have to be repaid
- Loans which DO have to be repaid
- Part-time jobs from which the student earns an hourly wage also known as Federal Work Study Program.
Students who are awarded financial aid may receive any or all of these forms of aid.
Financial Aid Funds Defined
The college’s financial aid program assists students who are unable to meet their expenses entirely from their own family resources. Students must be enrolled in an eligible degree or certificate program in order to be considered for financial assistance and must meet both qualitative and quantitative standards for satisfactory progress. These standards are described in the Financial Aid Handbook. Completion of the Free Application for Federal Student Aid form (FAFSA) is required for consideration for Pell Grants, Work Study, Supplemental Educational Opportunity Grants and Stafford Loans. The application is available in the college’s Financial Aid Office, at local high schools and online at www.studentaid.gov.
How To Apply For Federal Student Aid
- To apply for an FSA ID, go to fsaid.ed.gov (needed to sign FAFSA on the web)
- Go to www.studentaid.gov to apply online. (This takes up to 2 weeks to process after submitted to the Department of Education.)
- Give yourself enough time to complete the Financial Aid process before payment/payment arrangement is due (7 days into semester). Plan to start the Financial Aid process 8 weeks before classes commence. If your financial aid process is not complete by the payment/payment arrangement deadline, you will be responsible for all charges and will be reimbursed once your financial aid has been awarded/disbursed to your student account.
Federal School Code
The Title IV code for Manchester Community College is 002582.