Miles Community College - Financial Aid

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Financial Aid Process

This is the sequence of events that students must follow in order to receive financial aid. It is very important that students provide accurate and complete information to the financial aid office in a prompt manner to prevent any delays in receiving financial aid.

Student fills out and submits FAFSA with MCC’s school code listed (002528).
Department of Education processes FAFSA and calculates EFC.
Student receives SAR and Miles Community College receives ISIR.
MCC sends letter to student requesting additional information, which may include verification materials if student is chosen for verification.
Student returns requested information to MCC.
Financial aid director determines student’s financial need and creates a financial aid award package for students.
MCC sends student financial aid award letter, acceptance form, Satisfactory Academic Progress Policy, and Lender Pick Form (applicable if student receives student loan).
Student returns signed award letter and Lender Pick Form (if student accepted a student loan) to MCC.
Student completes a Master Promissory Note (MPN) if student accepted a student loan. The MPN is completed online through the financial aid website.
Student completes Entrance Counseling online and prints and submits confirmation page to the financial aid office.
Students who have been awarded and accept work study must complete employment forms.
Funding is disbursed to the student during fee payment at the beginning of each semester. Grant aid is disbursed by crediting the student’s account at MCC. If the amount of the grants exceeds the amount due to MCC, a check will be issued to the student for the remaining total. Student loans are disbursed to the student by check. Work study funds are disbursed by check monthly as students earn the funds.