When combined with free scholarship and other financial aid opportunities, grants can significantly decrease, if not completely cover, your financial needs. Unlike loans, grants do not need to be repaid. Unlike federal work study and assistantships, there is no labor involved. When you submit a Free Application for Federal Student Aid (FAFSA), you are automatically considered for government need-based grants.
Based on your financial need, the Federal College Work-Study Program can provide you a job, allowing you to earn money to help pay education expenses. The program encourages community service work and work related to your course of study whenever possible. Most work study jobs are on-campus, but some work-study jobs are located in private nonprofit organizations or public agencies.
Madisonville Community College will process your Federal College Work-Study eligibility and present it to you in a financial aid package. Your Federal College Work-Study wages will be at least the current federal minimum wage. Your total Federal College Work-Study award depends on when you apply, your level of need, and the program funding level for the academic year.
Federal loans are the largest source of student loans. These loans have more favorable terms than private loans; therefore, you should try to obtain federal loans before looking into private loans whenever possible.
The Federal Stafford Loan Program provides financial assistance through lenders to expand higher education opportunities for undergraduate, graduate, and professional students attending postsecondary schools at least half-time.
You must first complete the Free Application for Federal Student Aid (FAFSA). You must also complete a Stafford Loan application and return it to the Financial Aid Office. Upon receiving a Stafford Loan, you must visit studentloans.gov and complete the following:
You receive a six-month grace period before starting repayment on Stafford Loans after dropping below half-time study, graduation from college, or leaving school for other reasons.
The rate can change per year; however, the rate should not rise above 8.25%
A variety of scholarships are available to all enrolled students. Scholarships can be based upon academic progress and success, the program you are pursuing, or your financial need.
Each student must complete the MCC Scholarship Application. You should submit the application, a one-page essay, and three letters of recommendation. Incomplete applications cannot be processed, making you ineligible for scholarships.
We provide a variety of scholarships based on academic performance, financial need, academic program, and/or your county of residence. The scholarship office will determine which scholarship best fits your need.
Yes, and we strongly encourage students to do so. Check with your high school guidance counselor for opportunities.
For more information about MCC's Federal Work Study opportunities, Scholarships, or Student Loan Options please contact the Student Service Center toll free at (855) 55GO-MCC.