Financial Aid Information for Summer

If you have remaining financial aid eligibility for the 2016-17 school year, take advantage of this opportunity to get ahead. If you have no remaining aid eligibility then you may qualify for funding through the SEOG program (see below for details).  Summer awards can be reviewed and/or accepted via student self-service after you enroll.

Three types of financial aid may be available for summer.

  • Pell Grant: If you were full time in the Fall 2016 semester and full time in the Spring 2017 semester, no Pell Grant is available for summer. If you were not full time both fall and spring, you may be eligible for Pell Grant for summer.
  • Supplemental Educational Opportunity Grant: Supplemental Educational Opportunity Grant (SEOG) is available to the neediest students. First priority will be given to students who have a zero EFC on their Student Aid Report. If funds remain, other students will be awarded on a basis of overall need and the original process date of their 2016-2017 FAFSA. All recipients will be making Satisfactory Academic Progress.  Awards are given at $500 per enrollment regardless of the number of credit hours you are taking. SEOG funds will automatically be awarded to enrolled students. To verify if you have received SEOG, check your awards in your student self-service.  MCTC was allotted a very limited amount of funds for SEOG and will award around 40-45 students this summer.
  • Federal Direct Student Loan: Subsidized and/or Unsubsidized loans may be available to students enrolled in at least six credits for summer (in any combination of sessions) if requested and if eligibility remains. You must complete the request for summer loans via PeopleSoft Self Service, under the Campus Finances section. If you are unable to request a loan for summer through your student self-service, please contact your home campus financial aid office. All summer loans will be disbursed in two installments. Review the summer loan amount in your student self-service. If you have not previously completed Entrance Counseling and a Master Promissory Note on the Student Loans website; you must do so before loans will be approved for disbursement.

Bookstore Charges: Students may charge books to their Financial Aid from May 26 through June 12. Before May 26 or after June 12th, you must contact your financial aid office to receive a bookstore voucher.

Satisfactory Academic Progress (SAP): All FA Students were recently sent a SAP status reminder (Meets, Warning or Probation/Plan of Action). Students currently on Warning or Probation/Plan of Action status will not be awarded summer aid until after the end of the spring semester and SAP is evaluated; tentatively scheduled for May 12th. If your session starts before this date you will need to make payment arrangements before the class begins.

Students whose SAP status is SUSPEND at the end of the spring term will not be eligible for financial aid until a SAP Appeal is submitted, reviewed and approved. SUSPENDED students must pay in advance for any class scheduled to start prior to appeal approval. Appeals may be submitted anytime and the appeal outcome will be mailed to the student. Bookstore charging is not available until a SAP Appeal has been approved.

Refunds: Summer refunds for Pell, SEOG and Direct Loans (first half of loan) will begin June 22 for students enrolled in classes with a May 15 or June 5 start date. Refunds will continue every Thursday until the end of the summer term.

The second half of your Direct Loan will be scheduled to refund July 27 or after the calendar midpoint of your summer enrollment period (halfway between your first day and last day of summer classes).

REMEMBER, you can get your financial aid questions answered 24/7/365 by calling the KCTCS Student Service Center at 1-855-469-6282.