|Applying for Financial Aid|
|Financial Aid Homepage|
|How to Apply
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
|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.
|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).