Welcome to the Financial Aid & Veteran Services Office Information Pages
On this website you will find much of the information you will need including the types of aid, eligibility requirements, necessary forms and deadlines.
What is Financial Aid?
Financial aid is money provided by federal, state and institutional sources to help students meet expenses while attending post-secondary school. Many students are finding it increasingly difficult to finance a college education without some assistance, and you may be having a similar experience. Metropolitan Community College financial aid programs are intended to help students who would be unable to attend the College without such assistance. MCC is committed to providing information about financial aid resources so that you may pursue your educational goals or upgrade your working skills.
In general, all U.S. Citizens and eligible non-citizens who are enrolled in an approved degree or certificate program are eligible to receive financial assistance. Refer to the student eligibility criteria listed on the front of the Free Application for Federal Student Aid(FAFSA) page or go to the Eligibility page.
What Types of Financial Aid Exist?
There are five types of financial aid:
Grants and scholarships are assistance you don't have to pay back. Federal Work-Study allows you to work and earn money to help pay for school. Loans are borrowed money that you must repay with interest. The Federal Student Guide provides greater detail on Federal Student Aid.
If you are a veteran, you may be entitled to financial aid benefits offered through The Veterans' Administration. The Financial Aid and Veteran Services office provides advisory services relating to such benefits and periods of earned entitlement.
MCC’s Financial Aid and Veteran Services Office offers a financial aid package generally consisting of a combination of grant(s) (gift aid) and work-study employment (self-help aid) to eligible students with demonstrated need. Aid is awarded as part of the means for you to begin or continue your studies.
The office emphasizes "part of the means" because you and your family must make maximum efforts to assist in meeting college expenses. The Financial Aid Office is able to bridge only a portion of the financial gap that may exist between the cost of your education and the money available to you from family, job earnings, savings and other resources. The College participates in, or administers, all major federal and state grant and loan programs. Our goal is to help students pay for their direct educational costs, such as tuition, books & supplies and transportation.
How Your 2012-2013 Amount of Financial Aid Is Determined
Estimated Cost of Attendance (COA)
Costs of tuition, technology service fees, books and supplies, room and board, transportation, and personal expenses are use in determining the amount of financial aid students will receive. The following student budgets are used to determine cost of attendance for Metropolitan Community College students. These annual budgets, which are for four quarters, are for students attending full time (12 credit hours) during the College's academic year.
Actual living costs will vary depending on student dependency status, personal spending habits, and other variables. The budgets listed below reflect minimal costs of living incurred by the student while attending Metropolitan Community College.
Student Financial Aid Budgets
These budgets are used to calculate a student's eligibility for the Federal Pell Grant, Federal Stafford Student Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), Nebraska Opportunity Grant (NSG), Federal Work-Study (FWS), and Board of Governors Tuition Grant (BGTG). (To determine a quarter’s cost of attendance, divide the annual budget figure by 4.)
* = FULL TIME AT 12 CREDIT HOURS
NOTE: Personal Expense items include such things as transportation, clothing, medical, telephone, utility, insurance, household, entertainment, etc.
Determination of Need
The Financial Aid Office determines financial need by subtracting the student’s Estimated Family Contribution (EFC) from the appropriate student budget. (See student budgets above.) The Free Application for Federal Student Aid (FAFSA), which the student submits to the Federal Processor is designed to provide this Estimated Family Contribution (EFC) figure.
The purpose of Financial Aid grants is to meet, as much as possible, the student's financial aid need, considering the funds that are available at the time of awarding. For more information about the College’s awarding policy and procedures, visit any of MCC's Financial Aid Offices.
For more information call or visit one of the campus Financial Aid Offices.