Federal Financial Aid Programs

To apply for federal student financial aid, you must:

• Complete a Free Application for Federal Student Aid (FAFSA). You can apply over the Internet (www.fafsa.ed.gov), mail a paper application, or bring an application to the financial aid office for electronic filing AND
• Complete a MGCCC Financial Aid Application (download from Applications and Forms)

We recommend these forms be completed as soon as possible after January 1 and before our priority date of June 1. You must reapply each school year to continue receiving federal financial aid.

• Federal Pell Grant is awarded to first time undergraduates with financial need as determined by the Free Application for Federal Student Aid (FAFSA). Award amounts vary based on the Expected Family Contribution (EFC) indicated on your Student Aid Report.
• Federal Supplemental Education Opportunity Grant (SEOG) is awarded to Pell Grant recipients with exceptional need. Award amounts vary based on financial need and availability of funds. The priority deadline is June 1.
  Federal Work-Study is awarded to students with financial need to work part-time on campus. Award amounts vary based on financial need, enrollment status and availability of funds.  The priority deadline is June 1.
• Federal Subsidized Stafford Loan is a low interest loan provided by an approved lender. Award amounts vary based on financial need, grade level and other financial assistance. The federal government pays the interest while the student is enrolled in school at least half- time and during periods of deferment. Repayment begins six months after a student graduates, leaves school, or drops to less than half-time attendance.
• Federal Unsubsidized Stafford Loan is a low interest loan provided by an approved lender and is available regardless of financial need. Award amounts vary based on enrollment status and other financial assistance. The interest must be paid while the student is in school or it is capitalized (added to the principal). Repayment begins six months after a student graduates, leaves school, or drops to less than half-time attendance.

To receive aid from these programs, a student must meet all the following criteria:

• Be a U.S. citizen or eligible noncitizen with a valid Social Security Number
• Have a high school diploma or a General Education Development (GED) certificate or pass an approved “ability to benefit” test
• Enroll in an eligible program as a regular student seeking a degree or certificate
• Must make satisfactory academic progress, as established by the school
• Cannot be in default on a federal student loan or owe money back on a federal student grant
• Register (or have registered) for Selective Service, if you are a male between the ages of 18 and 25.