Financial Aid at MCC
Let us help you find the financial aid resources available, and explore the possibilities you have to pay for your college experience.
Financial Aid Mission
The Office of Financial Aid is committed to providing financial services to assist students in realizing their educational goals. Our student-focused employees will provide professional knowledge and personalized service to help students seek and obtain the best use of all financial resources available.
Please use the links to the left to get answers to your questions or contact the Financial Aid Office for more information.
News, Changes, and Updates
Eligibility of Students Without a High School Diploma
In order to be eligible for federal student aid, students enrolling in higher education for the first time on or after July 1, 2012, must have either a high school diploma or a recognized equivalent (such as a General Educational Development certificate (GED) or have been home-schooled).
Expected Family Contribution
The lower a student's Expected Family Contribution (EFC), the higher the student's federal student aid eligibility. A change has been made to the income amount that is used to determine if a student qualifies for an automatic EFC of zero. Currently, students will qualify for an EFC of zero if the reported family income does not exceed $23,000. This is a reduction from the precious maximum income of $32,000.
Federal Pell Grant Program - Duration of Eligibility
The lifetime maximum amount of time that a student can receive a Pell Grant is now 12 fulltime semesters or the equivalent. Equivalency is calculated by adding together the percentage of Pell eligibility that a student receives each year. When the total amount a student receives equals 600%, that student will no longer be eligible for a Pell Grant.
Direct Student Loan Changes
Beginning July 1, 2013, Mayland Community College will no longer participate in the William D. Ford Federal Direct Loan Program.
IRS Data Retrieval Tool on the FAFSA
The IRS Data Retrieval Tool that was introduced last year is now a permanent part of the FAFSA filing process. This tool allows students and parents to transfer tax information from the IRS directly into the FAFSA application. This process makes the FAFSA application easier to complete and ensures that the application is more accurate.
In order to utilize the IRS Data Retrieval Tool, students and parents must file their Federal tax return and allow up to three weeks for the IRS to process the return before attempting to complete the FAFSA.
Under certain circumstances, some students and parents may not be eligible to use the IRS Data Retrieval Tool. In this case, students and/or parents may be required to obtain tax return transcripts from the IRS for verification purposes.
Financial Aid Made Easy
Mayland's school code is 011197. Use it when completing your FAFSA.
All students planning to attend the 2013 Spring and/or Summer Semester(s) should complete the 2012-2013 FAFSA, using 2011 financial information.
All students planning to attend the 2013 Fall and/or 2014 Spring Semester(s) should complete the 2013-2014 FAFSA, using 2012 financial information.
Purchasing Textbooks with Pell
When can I purchase my textbooks using Pell and what is the process?
Students may purchase textbooks for each semester using their Pell Grant award on or after the date published by the Financial Aid Office prior to the beginning of that particular semester. To purchase books using Pell, simply provide the Bookstore with a copy of your class schedule and your student ID number and let them know that you want to charge your books to your student account.
Pell Grant Disbursement Schedule
Fall Semester 2012 - September 20
Spring Semester 2013 - February 13
Summer Semester 2013 - June 19
Satisfactory Academic Progress (SAP) Policy
(How Grades Affect Your Financial Aid at MCC)
Here are the highlights of the SAP Policy:
*A student whose cumulative GPA and/or cumulatvie completion rate drops below the minimum standards of 2.0 or 67% will be placed on Warning and will have one semester to achieve the minimum standards while continuing to receive financial aid.
*Students who fail to meet the minimum standards at the end of the Warning semester will be placed in Unsatisfactory and will no longer be eligible to receive financial aid without completing a successful appeal.
*Students who complete a successful appeal will be placed on Probation and will be required to participate in an academic plan in order to regain financial aid eligibility.
*The lifetime maximum number of appeals a student can complete due to not achieving the minimum GPA or completion rate standards is limited to two (2).
*Students receiving financial aid are required to complete their program of study within 150% of the published length of the program. Students who exceed the 150% timeframe are not eligible to receive financial aid without completing a successful appeal.
*The lifetime maximum number of appeals a student can complete due to exceeding the 150% maximum timeframe rule is one (1).
See Mayland's Satisfactory Academic Progress Policy for complete details.