Financial Aid

You can check the status of your financial aid application in MyMC by clicking on the Financial Aid tab. After your file is complete at MC, the financial aid counselor or financial aid specialist reviews and approves it. The award decision is posted to your MyMC online account. Files are reviewed and awarded based on the date they are received and completed. 

• Financial aid awards are calculated for full-time study for fall and spring. The amount of your financial aid award in dollars represents a full year of assistance for full-time attendance.
• Your financial aid award letter, the Award Conditions, and the Satisfactory Academic Progress policy new windowof the College indicate the types and amounts of aid you are awarded and the requirements you must meet to keep the awards.
• Grants are accepted automatically.
• Scholarships, loans, and student employment may have additional requirements. Check with the Financial Aid Office for specific program details.
• You should decline the aid in writing if you do not plan to attend MC.
• You must attend classes to earn your financial aid. Your aid may be adjusted or cancelled if you do not meet the conditions of enrollment or if you completely withdraw from school.
• Students who receive financial aid in excess of their charged tuition and fees may use their excess funds to pay for required books and supplies at MC Campus Stores. It is not extra financial aid. We try to make some of your expected refund available as a credit to pay for your books at the college stores.

Be sure to complete your financial aid application by the priority deadline. Late financial aid applicants may need to pay tuition and fees if their financial aid award is not finalized by the start of the semester. If you become eligible for aid later in the semester, you may be reimbursed to the extent your aid covers your bill.

• You are not required to have your semester classes selected to apply for aid, but you must have filed the Admissions and Registration Application and have been accepted to the College in order for the financial aid office to identify your student status.
• If you do not provide a Social Security Number (SSN) to Admissions, your federal financial aid file will be inactive.
• When you register for classes, you must register for credit (not audit or noncredit offerings) to be considered for federal and most other aid programs.
• The financial aid award is based on full-time enrollment (minimum registration of 12 credit hours per semester). If you do not enroll full-time, your financial aid may be reduced or cancelled. In some cases, awards can be prorated for less than full-time attendance. Most aid programs require at least half-time enrollment (6 credit hours). 
• You must enroll in a degree or certificate program that is eligible for financial aid. Certificate programs requiring less than 16 credit hours are not eligible for federal financial aid.
• Federal financial aid only pays for courses that are in your declared program of study. 

The amount of financial aid you are eligible to receive may be reduced or cancelled if:

• You have errors on your FAFSA
• You do not have the minimum enrollment for eligibility for some aid programs
• You withdraw
• You fail your classes

Learn more about federal financial aid eligibility.new window

Learn more about Consortium Agreements.

When completing your financial aid application if you submitted a class reservation form, Financial Aid will hold your classes pending a final determination of your financial aid eligibility. If you have already registered or when you register your classes will not be deleted for nonpayment. If you do not wish to attend Montgomery College, you must officially withdraw from classes in person or on the web. If you do not withdraw from classes, you will owe a bill for tuition and fees.

Your estimated financial aid may not be large enough to cover all of your tuition, fees, and books. You will be responsible for paying whatever charges the award does not cover. If our final determination is that you are not eligible for some or all aid, you will be responsible for all of the charges that were not covered.

You must attend your classes to remain eligible for any financial aid award. Do not wait to receive the final decision on your award to attend classes. If you have officially registered, you must attend your classes.

Students who receive financial aid in excess of their charged tuition and fees who have given approval through the Cash Management Form may use their funds to pay for required books and supplies at any MC Campus Store. Book credits are processed automatically for eligible students in August for fall semester, in January for spring semester, and in May for the summer session. Check My MC prior to the beginning of the semester to see if you qualify. Book credit eligibility and use of book credits at MC Campus Store ends approximately two weeks into the semester.

The college disburses financial aid awards on a semester basis. We credit all financial aid proceeds, including student loans, to your student account at the College. The awards pay for all outstanding tuition and fees for the semester awarded, and may pay for charges in the previous semester if it is within the same academic year. Students with awarded financial aid in excess of their charges for tuition and fees will have a book credit automatically processed for the campus bookstores. These can be viewed on-line at MyMC. The college will deduct the book charges from your financial aid.

If you have a credit balance after all outstanding obligations are met, the college will issue you a refund check. You may receive direct deposit of your financial aid refund to your bank account by signing up for "e-refund" on My MC. The college begins sending refunds of any balance remaining after all your charges are paid approximately four weeks after the semester begins, if your aid is awarded and credited to your bill. Awards from differing sources may credit to your account at different times. Also, your awards may be adjusted if your enrollment changes. Sometimes the amount of your financial aid is not enough to pay your entire semester bill at the College. If you have an amount of financial aid referenced on your semester bill that is enough to cover your fees, your classes will not be deleted for the semester at the time payment is due. You must still pay the balance of your bill. If you need additional financial aid to pay your bill, you may want to consider accepting a Federal Direct Loan, if you have not already done so. Students are responsible for all charges not covered by financial aid. If financial aid is referenced on your semester bill and you determine that you do not wish to attend MC for the semester, you must officially withdraw from any classes you have registered for prior to the refund date in order to not be liable for those charges.