Welcome to the Financial Aid & Veteran Services Office Information Pages
MCC’s financial aid pages of this website are where you will find resources and answers to many of the question you may have about financial aid including the types of aid available, eligibility requirements to receive aid, the necessary forms & documents needed to process aid, and all financial aid 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 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 (Gift-aid)
- Veteran Benefits
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.
Estimated Cost of Attendance (COA)
The COA (cost of attendance) is the amount it will cost students to go to school. Cost 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 student budgets listed on the Cost of Attendance page are used to determine cost of attendance for Metropolitan Community College students. These annual budgets, which calculated using three quarter and four quarter enrollment, are for students attending full time (12 credit hours) during the College's academic year. To determine a quarter’s cost of attendance, divide the annual budget figure by the number of quarters student is attending (3 or 4).
Actual living costs will vary depending on student dependency status, personal spending habits, and other variables. The student budgets reflect minimal costs of living incurred by the student while attending Metropolitan Community College.
Cost of attendance is 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).
Navigate to the Cost of Attendance page with the cost of attendance link on the left for more detailed information about cost of attendance.
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.