• Federal Pell Grants
• Federal Supplemental Educational Opportunity Grants (FSEOG)
• Leveraging Educational Assistance Partnership (LEAP)

• Not have received their first Bachelor’s degree
• Have demonstrated financial need based off the results provided by the FAFSA
• Have a high school diploma, General Educational Development (GED) certificate
• Enroll in a full-time program of at least 600 clock hours and is at least 15 weeks in duration
• Be a U.S. citizen or eligible non-citizen
• Have a valid Social Security number
• Register with the Selective Service, if required
• Have not exceeded aid year life-time aid limits
• May not receive aid from more than one college at a time

All Grant programs are awarded based on financial need.  A standard formula has been established by the U.S. Congress to calculate the student’s Expected Family Contribution (EFC).  The formula uses the information provided by the student and parent(s) to determine the EFC.  A student’s financial need is the EFC as calculated by the FAFSA and is subtracted from the cost of attendace.

Student Loans

MSC participates in the Federal Family Education Loan Program (FFEL).  The following types of Federal loans are offered:

• Subsidized Loans
• Unsubsidized Loans
• Parent PLUS Loans

The subsidized loan does not accrue interest while the student is in attendance and payment begins six months after the student completes their program at MSC or drops below half-time enrollment.  The unsubsidized loan does accrue interest while the student is in school and the student can choose if he/she wishes to pay for the interest while enrolled.  Should the student elect not to make payments on the interest, repayment does not begin until six months after the student completes their program at MSC or drops below half-time enrollment. The Parent PLUS loan is a loan for dependent students that the parent can apply for.  A credit check is completed by the U.S. Department of Education before the parent is eligible to receive this loan on behalf of the student.  With this loan, interest is accrued while the student is in school and payments begin six weeks after the loan is fully disbursed. Because MSC is a year-round school, the Financial Aid Office is able to make awards throughout the year.  Students approved for aid are notified by mail.

Manage Your Loans

The following resource provides additional information about managing your student loans:

• Student Code of Conduct (pdf)