2004 Fall Financial Aid Newsletter
WITHDRAWALS, TUITION LIABILITY &, THE IMPACT ON YOUR FINANCIAL AID
Anytime a student does a course withdrawal, it could impact their financial aid in their current semester and in future semesters. In some cases, withdrawals can result in students having
liability to the college. It is strongly recommended for students who are contemplating a course withdrawal to check with the MCC Financial Aid Office to evaluate its effect on their financial aid.
Complete withdrawals during a semester will have an impact on a student's financial aid. Students who do a complete withdrawal will have their financial aid adjusted according to the
Federal Return of Title IV Refunds Policy. This may result in a student owing a balance to MCC.
In addition, the withdrawal from one or more courses during a semester or academic year, may impact a student's eligibility for both Federal and State Aid program for future semesters if
the student does not meet Satisfactory Academic Progress Guidelines, required by the Federal and State government.
For more information on Satisfactory Academic Progress Guidelines and Federal Return of Title IV Refunds Policy, students should refer to pages 31-34 of the 2004/2005
MCC Catalog & Student Handbook.
RENEWAL FAFSA'S
A "Renewal FAFSA" is a FAFSA that is made available to returning federal aid applicants who had completed a FAFSA prior to October of the current academic year. The Renewal FAFSA is pre-printed
with information specific to an individual student, such as name, address, college information, etc… to be used for the next academic year. It is pre-printed with the student's information in order to
make the re-application process faster for students and their families.
Students who completed a 2004-05 FAFSA prior to October 2004 and provided a valid e-mail address on their 2004-05 FAFSA will be sent an e-mail reminder in December 2004 to
inform them about the renewal process and how to access their renewal FAFSA online. Student's who completed a 2004-05 FAFSA after to September 2004, will not have the Renewal
FASA option available to them
Students can access their 2005-06 Renewal FAFSA's via the FAFSA web page at www.fafsa.ed.gov. Students should remember that they cannot submit their 2005-06 Renewal FAFSA until
after January 1, 2005. In order to access their Renewal FAFSA online, students will need their Federal Personal Identification Number (PIN). If a student has misplaced their PIN, they can request
a new one via the Federal PIN web site at www.pin.ed.gov.
Students who cannot access their Renewal FAFSA or do not have one available can still re-apply for financial aid using a standard 2005-06 FAFSA
REMINDER: The tuition due date for the 2005 Spring semester is DECEMBER 15TH, 2004
REMINDERS FOR TRANSFER STUDENTS
Students who are transferring to MCC from another institution for the 2005 Spring semester and wish to receive financial aid, should do the following:
- Add MCC's Federal School Code (002872) to your FAFSA. Students can do this online* at www.fafsa.ed.gov or by calling the federal processor at 1-800-433-3243.
- Change the school code on their TAP Application to MCC (2180) for the 2005 Spring semester. This can be done online at www.hesc.com
- Complete and submit an MCC Student Loan Request Form, if interested.
- Complete the Loan Entrance Counseling. This must be done even if you had completed a loan entrance counseling session at your prior institution.
Loan Entrance Counseling can be done online at www.monroecc.edu/depts/finaid.
- Submit any and all documents requested by the MCC Financial Aid Office.
*Making corrections to your FAFSA online requires the use of a federal PIN. PINs were sent to all aid applicants by the Department of Education. If you lost or did not receive a PIN,
you can request one online at www.pin.ed.gov
CHECK YOUR FINANCIAL AID
Do you want to know the status of your financial aid application, but don't want to stand in line? Well, it is possible to check on the status of your financial aid with out having to
go to the Financial Aid office.
To check the status of their Financial Aid at MCC, such as: award amount information, book credit amount, missing documents the office needs, and information on documents the office has
received. Students can access that information by using the "Telephone Inquiry System", Dial the Financial Aid Office number, 292-2050 and select the 1st option to access the system.
Students can also access this information by using the MCC Financial Aid Web Page, just go to www.monroecc.edu/depts/finaid , click on "Current Award Status" in the navigation bar and then
log in.
To check if your TAP Application has been processed, students can call the Higher Education Services Corporation at 1-888-NYSHESC or check on-line at www.hesc.com
LOAN ENTRANCE COUNSELING
Students who are borrowing a student loan at MCC for the first time are required to complete a Loan Entrance Counseling Session. To meet this requirement, students must complete the loan
entrance counseling session online at www.monroecc.edu/depts/finaid. From there click on the "Loan Entrance Counseling" and begin the process.
Once the student completes the online Loan Entrance Counseling, they must print the confirmation form at the end and submit it to the MCC Financial Aid Office. Students who do not
complete the Loan Entrance Counseling, will not have their Direct Loans processed.
2004
Summer Financial Aid Newsletter
2004
Spring Financial Aid Newsletter
2004
Winter Financial Aid Newsletter
2003
Fall Financial Aid Newsletter
2003
Summer Financial Aid Newsletter
2003
Spring Financial Aid Newsletter
2003
Winter Financial Aid Newsletter
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