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Applying for Financial Aid |
| Financial Aid Homepage |
How to Apply
Students must apply for all forms of federal, state, and
institutional aid by completing the Free Application for Federal
Student Aid (FAFSA). Students are greatly encouraged to fill out
the application via the web at
www.fafsa.ed.gov. A paper
FAFSA, which can be obtained from the financial aid office or
from most high schools, can also be submitted. The FAFSA serves
as the universal application in initiating all financial aid at
MCC. If you require any assistance in completing the FAFSA,
please contact the financial aid office at Miles Community
College at 1-800-541-9281, (406) 874-6171, or (406) 874-6208.
Don’t forget to list our Title IV School Code on the
FAFSA: 002528 |
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When to Apply
The FAFSA or Renewal Application must be completed every year.
March 1st is the Montana priority date for submitting the FAFSA
to the Department of Education. Early application is greatly
encouraged to ensure that students have full access to all
available financial aid programs. Some of the financial aid
funds are limited and will be awarded first to students who
submit the FAFSA by March 1st. It is highly recommended that
families complete their taxes as soon as possible after the
first of the year in order to meet the priority date for
submitting the FAFSA. |
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How Financial Aid is Calculated
When a completed FAFSA is received by the United States
Department of Education, a formula mandated by Congress called
“Federal Methodology” is used to calculate the Expected Family
Contribution (EFC). Students will receive a Student Aid Report
(SAR) and the school whose code is listed on the FAFSA will
receive an Institutional Student Information Report (ISIR). The
SAR/ISIR will contain the EFC, which is used to determine
eligibility for financial aid. The financial aid office uses the
estimated Cost of Attendance (COA) (tuition, fees, books, room,
board, and other related expenses) less the EFC to determine the
student's financial need. See yearly college costs for an
average breakdown of COA figures.
Students applying for financial aid are considered for all
programs for which they request aid and are eligible, contingent
upon the availability of funds. The amount of financial aid
awarded is generally a combination of grants, work-study, and
loans and is based on the remaining need of the student (COA –
EFC = Need). |
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