How Aid is Paid to Students
Financial aid is paid (disbursed) to students after classes have started at MCCC and the Financial Aid Office has verified your participation in your classes with faculty. When you receive your financial aid depends on the type of aid you receive.
Grants and scholarships are applied directly to your student account to pay for tuition, fees and MCCC bookstore charges. Grants and scholarships are typically paid out in full for the semester in one disbursement.
Direct Loans are applied directly to your student account to pay for tuition, fees and books. Direct loans are typically paid in full for the semester in one disbursement, with two exceptions.
- First-Time Borrowers: If this is your first time borrowing a student loan at any college and your grade level is a first-year undergraduate at MCCC, your loan funds will not be disbursed any earlier than 30 days after the start of the semester.
- One-semester Loans: If you a borrowing a loan for only one semester, your loan will be split into two disbursements, with 50% of your loan funds being disbursed at the mid-point of the semester.
Work Study funds are earned by students working at MCCC. Students are paid their work study earnings bi-weekly through MCCC’s payroll system.
Using Aid to Purchase Books
If your financial aid exceeds your tuition and fee charges, aid can be used to purchase textbooks and required course materials for your classes.
Please remember that some forms of aid are not adjusted until after the 100% drop period of the semester, so eligibility may be adjusted. State aid cannot be used towards purchasing of books and supplies.
The Campus Store (bookstore) opens for financial aid purchases:
- Fall Semester: August 1
- Winter Semester: December 1
- Summer Semester: April 1
Refund Process
If you receive financial aid that exceeds the cost of your direct charges (tuition, fees and purchases at the MCCC Campus Store/bookstore), you will receive a financial aid refund check. You may use your financial aid refund check to help pay the cost of other educationally related expenses you have during the semester. Your financial aid refund check will be mailed by the Business Office to the address that is on file for you in MCCC's student information system. To eliminate delays, please verify that the school has an accurate address on file.
Estimated check release:
- Fall: Mid-October
- Winter: Mid-February
- Summer: Mid-June
These above dates are estimated. Actual release varies based on the actual start of the semester and census dates, before any aid cleanup can begin.
Note: Information about Federal Direct Student Loans and Pell Grants will be submitted to the National Student Loan Data System and will be accessible by guaranty agencies, lenders and schools determined to be authorized users of the data system.
You may also view your Federal Direct Student Loan and Pell Grant history on the National Student Loan Data System (NSLDS). Sign in with your federal FSA ID to access your data.
Enrollment Verification for in-school deferment of all student loans is done three times a semester by the Registrar's Office, which can be reached at (734) 384-4108.