Financial aid funding at Marion Technical College (MTC) consists of grants, scholarships and other various financial assistance sources. It is available to eligible students to help them meet educational expenses. At this time, MTC does not participate in any State or Federal Loan Programs. Financial aid is calculated by determining the Cost of Attendance (COA) for a specific period of time or academic year and determining the unmet need of a student. Marion Technical College will use a 900 hour/26 week academic year for most programs.
A complete list of academic year information by program is available in the Financial Aid Office. The Federal Pell Grant payment and disbursement schedules provided by the U.S. Department of Education are used to determine annual award amounts. The COA, Expected Family Contribution (EFC) and enrollment status of the student are used in these calculations. Marion Technical College uses a Third Party Servicer-FAME to assist with these calculations. A complete Policies and Procedures manual is available for viewing in the Financial Aid Office.
Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)
Disclosure Requirements: Section 18004(a)
The Certification and Agreement directs each institution applying for HEERF funds to provide the following information in a format and location that is easily accessible to the public 30 days after the date when the institution received its allocation under 18004(a)(1) and updated every 45 days thereafter:
- Marion Technical College acknowledges that the institution signed and returned to the Department, the Certification and Agreement on April 15, 2020 and also assures the institution has used, or intends to use, no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
- The total amount of funds that the institution will receive from the Department pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students is $270,862.00.
- The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of the date of this disclosure is $259,000.00
- The estimated total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act is 280.
- The total number of students who have received an Emergency Financial Aid Grant to students under Section 18004(a)(1) of the CARES Act is 280.
- The method(s) used by the institution to determine which students receive Emergency Financial Aid Grants and how much they would receive under Section 18004(a)(1) of the CARES Act; Marion Technical College Principal Mr. Mike Kelly, presented three separate distribution plans to the Marion County School Board for consideration. It was determined the most fair and expedient process was to distribute the funds equally to all eligible students.
- Any instructions, directions, or guidance provided by the institution to students concerning the Emergency Financial Aid Grants; Students have been notified via word of mouth and email that the institution will receive funds on their behalf. An email notification will be sent to all eligible students with the dates and times to pick up their CARES Act disbursement. Students are required to sign a document affirming their eligibility to receive the CARES Act Emergency Financial Aid Grant.
TYPES OF FINANCIAL ASSISTANCE
- MTC Financial Aid
- MTC Financial Aid – Graduating High School Seniors
- MTC Financial Aid – GED Program Completers
- Federal Pell Grant
- Federal Student Equal Opportunity Grant (FSEOG)
- Veterans Education Assistance Program
- Vocational Rehabilitation
- Bright Futures Scholarship
- FSAG-CE Grant
- Scholarships for Children/Spouses of Deceased/Disabled Veterans
- Rosewood Family Scholarship
- Florida Prepaid College Fund
- FCB – Florida Council of the Blind
- FCCLV – Florida Council Certified Low Vision
- Florida Governors Council on Indian Affairs
- Careersource Funding
- Other Third Party Financial Assistance
HOURS OF OPERATION
The MTC Financial Aid Office is open from 8:00 a.m. to 530 p.m., Monday through Thursday, and 8:00 a.m. to 3:00 p.m. on Friday during the fall and spring semesters for general financial aid information. During the summer months, the Financial Aid Office has limited hours and is closed on Friday. Appointments are necessary to use computers in the Financial Aid Office to complete an online Free Application for Federal Student Aid application (FAFSA). To qualify for Title IV federal financial aid (Pell Grant) a student must complete the Free Application for Federal Student Aid application (FAFSA) www.fafsa.gov.
Third Party Site for Additional Help with FASFA Click Here
Well Fargo Bank is offering an opportunity to apply for private student loans. Click here to find out more information.