Knowing the Basics

Here at Monroe County Community College, we understand how difficult it can be to fund your college education. We also understand how confusing the financial aid process can be for new students. This is why the Financial Aid Office at MCCC is helping you through these fundamental steps in applying for financial assistance.  Please navigate through the links on this page to help guide you through the financial aid process. 

Apply For Financial Aid

Understand Your Award

Keeping your Award

Cost of Attendance

Aid from most financial aid programs is awarded based on financial need. (An exception is the Federal Loan Program. It's possible to receive a Federal Stafford Loan regardless of income.) To be considered for need-based (federal, state, institutional and outside) funds you must complete the Free Application for Federal Student Aid (FAFSA).  The FAFSA is an online application that will assist in determining if you have financial need. 

The information reported when applying for aid is used in a formula, established by Congress that calculates your Expected Family Contribution (EFC), an amount families are expected to pay toward education. For the Federal Pell Grant Program, if the EFC is below a certain number, students are eligible for a Pell Grant. 

Cost of Education
Expected Family Contribution 
= Financial Need 

The financial aid administrator takes the cost of education for the college and subtracts the amount you and your family are expected to pay toward that cost. If there's anything left over, students are considered to have financial need.