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2017 Summer Financial Aid Guide

General registration for summer classes begins April 17, 2017. MACC offers classes during the summer through a series of mini-sessions. All mini-sessions offered are combined and are treated as one single term, referred to as the “summer semester”; the sessions include the first intersession, second intersession, first four-week, second four-week, and eight-week classes. The official dates of enrollment for the summer semester will be defined as beginning June 5, 2017 and ending July 28, 2017. Summer 2017 is the final term of the 2016-2017 financial aid award year.

Financial aid programs are available to assist students with their cost of education during the summer semester. Financial aid may come in the form of grants, loans, and to a limited extent, part-time work-study jobs. The priority processing date is May 1, 2017. Applications will be accepted and processed after this date; however, we cannot guarantee financial aid will be in place by the first day of classes, which is the day tuition and fees are due.

General eligibility requirements for all aid programs:

  • Be seeking a degree or certificate at MACC;
  • Enroll in and attend courses required for the declared degree or certificate;
  • Have an official high school or GED transcript on file in the Student Services Office;
  • Have all prior college transcripts on file in the Student Services Office;
  • Be making academic progress according to MACC's Satisfactory Academic Progress policy;
  • Complete the 2016-2017 Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov with the MACC federal school code 002491 (see financial aid program guidelines, herein, for application specific information);
  • Meet additional federal financial aid compliance standards; and,
  • Supply any additional information requested by MACC's Financial Aid Office.

Some programs may have specific eligibility requirements not listed above. Financial aid will not be processed if one or more of the above are not in compliance.

 

Federal Pell Grant

To apply for a Federal Pell Grant students must complete:

  • The general eligibility requirements listed above; and,
  • Submit any additional information requested by the Financial Aid Office; including, but not limited to the 2016-2017 Verification Worksheet, 2015 IRS Tax Return Transcripts, and W2’s.

Eligibility for the Federal Pell Grant for the summer semester will be determined by the results from the 2016-2017 FAFSA. The amount of the award will be based on the number of credit hours in which the student is enrolled for the summer semester, and the EFC calculated by the information reported on the FAFSA.

Also taken into consideration is the amount of Federal Subsidized and Unsubsidized Direct Loan funds previously awarded from the 2016-2017 award year, which includes fall 2016 and spring 2017 (and possibly summer 2016). For example: If a student’s maximum annual subsidized loan eligibility is $3,500 and she previously received $3,500 from this loan program during the 2016-2017 award year, she will have $0 subsidized loan eligibility remaining for summer 2017. If the student’s maximum annual unsubsidized loan eligibility is $4,000 and she previously received $3,500 from this loan program during the 2016-2017 award year, she will have $500 unsubsidized loan eligibility remaining for summer 2017.

 

Federal Direct Student Loans

To apply for Federal Student Loans students must complete:

  • The general eligibility requirements; and,
  • Must be enrolled in at least six (6) credit hours required for the declared degree or certificate; and,
  • The 2016-2017 MACC Student Loan Data Sheet (http://www.macc.edu/financial-aid-forms); and,
  • Federal Direct Student Loan Counseling online at www.studentloans.gov; and,
  • Federal Direct Master Promissory Note online at www.studentloans.gov; and,
  • In-person student loan entrance counseling (if a first-time borrower at MACC).

Eligibility for Federal Direct Student Loans for the summer semester will be determined by results from 2016-2017 FAFSA. Federal regulations require a student’s Federal Pell Grant eligibility to be determined before federal student loans are awarded. The amount of student loans a student is eligible to receive is based on the school calculated cost of attendance (COA)* and the amount of other aid the student is receiving for the semester.

Also taken into consideration is the amount of Federal Subsidized and Unsubsidized Direct Loan funds previously awarded from the 2015-2016 award year, which includes fall 2015 and spring 2016 (and possibly summer 2015). For example: If a student’s maximum annual subsidized loan eligibility is $3,500 and she previously received $3,500 from this loan program during the 2015-2016 award year, she will have $0 subsidized loan eligibility remaining for summer 2016. If the student’s maximum annual unsubsidized loan eligibility is $4,000 and she previously received $3,500 from this loan program during the 2015-2016 award year, she will have $500 unsubsidized loan eligibility remaining for summer 2016.

 

Federal College Work-Study

To apply for Federal College Work-Study students must complete:

  • The general eligibility requirements; and,
  • The Federal College Work-Study Application (http://www.macc.edu/financial-aid-forms); and,
  • Must be enrolled in at least six (6) credit hours in the summer or subsequent fall semester.

Eligibility for the Federal College Work-Study (FCWS) program for the summer semester will be determined by the results from the 2015-2016 FAFSA. Federal regulations require a student’s Federal Pell Grant eligibility to be determined before FCWS is awarded. The amount of FCWS a student is eligible to receive is based on the school calculated cost of attendance (COA)* and the amount of other aid the student is receiving for the semester. FCWS funding from the federal government is limited; therefore, FCWS positions are awarded on a first-come, first-served basis.

A+ Scholarship

To apply for A+ Scholarship funding, students must complete:

  • The general eligibility requirements; and,
  • Earn the A+ designation from an approved Missouri high school; and,
  • Maintain a 2.50 cumulative GPA; and,
  • Complete the A+ Enrollment form with an MACC Advisor; and,
  • Be enrolled in at least six (6) credit hours; and,
  • Submit any additional information requested by the Financial Aid Office; including, but not limited to the 2016-2017 Verification Worksheet, 2015 IRS Tax Return Transcripts, and w2’s.

Eligibility for the A+ Scholarship funding for the summer semester will be determined after the high school transcript is received with official designation, verification of GPA and other program-specific requirements are complete. The A+ Scholarship requires all eligible recipients to complete a 2016-2017 FAFSA to determine eligibility for federal grants. The value of the A+ award will be based on the eligible tuition and fee charges minus any federal grants awarded.

Graduating Senior Summer Start Program

This program allows graduating high school seniors (or HiSET completers) to enroll in up to three credit hours during the summer immediately following high school graduation (completion). A waiver of tuition and all fees for regular in-seat, hybrid or virtual courses only, for up to three credit hours is granted upon documentation of high school graduation. Recipients are responsible for textbooks and lab fees. Classes may be taken at any instructional site of MACC.

*The COA includes an allowance for tuition, fees, books, estimated room, board, transportation, and other miscellaneous living expenses. The COA is the maximum amount of financial aid a student may receive during the semester.

PLEASE NOTE: Veteran's benefits are based on enrollment in each specific session; therefore, the summer session as defined above will not apply.

QUESTIONS? CONCERNS? NEED ASSISTANCE?
Please contact the Financial Aid Office: email:; telephone: 1-800-622-2070 ext 21002.