|
Welcome
to financial aid from the Miles Community College Financial
Aid Office. The Financial Aid Office administers
federal and state aid, as well as scholarships at Miles Community College. The purpose of all financial
aid programs at Miles Community College is to provide financial
assistance to eligible students who, without such aid,
would find it difficult to start and attend school. Although
families and students are expected to make a maximum effort
to meet the costs of education, financial aid is available
to fill the gap between family resources and yearly academic
expenses.
APPLYING FOR FINANCIAL AID
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
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).
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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.
| 1 |
Student fills out and
submits FAFSA with MCC’s school code listed
(002528). |
| 2. |
Department of Education processes
FAFSA and calculates EFC. |
| 3. |
Student receives SAR and Miles Community
College receives ISIR. |
| 4. |
MCC sends letter to student requesting
additional information, which may include verification
materials if student is chosen for
verification. |
| 5. |
Student returns requested information
to MCC. |
| 6. |
Financial aid director determines
student’s financial need and creates a financial
aid award package for students. |
| 7. |
MCC sends student financial aid award
letter, acceptance form, Satisfactory Academic Progress
Policy, and Lender Pick Form (applicable if student
receives student loan). |
| 8. |
Student returns signed award letter
and Lender Pick Form (if student accepted a student
loan) to MCC. |
| 9. |
Student completes a Master Promissory
Note (MPN) if student accepted a student loan. The
MPN is completed online through the financial aid
website. |
| 10. |
Student completes
Entrance Counseling
online and prints and submits confirmation page to
the financial aid office. |
| 11. |
Students who have been awarded and
accept work study must complete employment forms. |
| 12. |
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. |
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VERIFICATION
The Miles Community College financial aid office completes
verification on all files that the Department of
Education chooses for verification. The financial
aid office
also has the right to verify any students’ ISIR
who applies for financial aid at MCC regardless
of whether or not they
were chosen by the Department of Education for
verification.
When students are chosen for verification, they are
required to return the following information to the
financial
aid office:
• Student Data Form
• Worksheet ABC
• Verification Worksheet
• Student’s Prior Year Tax Return (signed with all
schedules included)
• Student’s Prior Year W2s (signed)
• Parent’s Prior Year Tax Return (signed with all schedules
included)
• Parent’s Prior Year W2s (signed)
Additional information may be requested of the student
during the verification process. Financial aid
will not be awarded
until the student’s file has been completely
verified. It is critical that students return requested
documentation
immediately to the financial aid office to prevent
delays from occurring.
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GENERAL ELIGIBILITY REQUIREMENTS
To receive Title IV financial aid, each student must
meet the following eligibility requirements:
• |
Has a valid Social
Security number. |
• |
Is a U.S. citizen or eligible
non citizen. |
• |
If male, is registered with
Selective Service. |
• |
Is a regular student (seeking
a degree or certificate). |
• |
Is enrolled, or accepted for
enrollment, in an eligible program. |
• |
If enrolled in a distance education
course,
the course must be part of an
eligible program. |
• |
Is not enrolled solely in
remedial coursework. |
• |
Has a high school diploma
or its equivalent, General Educational Development
or GED certificate, or pass an ability to benefit
test. |
• |
Not be enrolled in elementary
or secondary school. |
• |
Not be convicted under Federal
or State law of possession or sale of illegal drugs
(check with the Financial Aid Office for more information
on this requirement). |
• |
Does not owe a grant or loan
overpayment. |
• |
Is not in default with a Perkins,
Stafford, or PLUS loan. |
• |
Cannot have borrowed in excess
of loan limits. |
• |
Maintains Satisfactory Academic
Progress. |
• |
Has need, as defined by individual
program requirements (except for Unsubsidized Stafford
Loans). |
• |
Repay any financial aid received
as a result of inaccurate information. Any person
who intentionally misrepresents facts on the application
violates federal law and may be subject to a $10,000
fine and/or imprisonment. |
FINANCIAL AID DISBURSEMENTS
Most types of financial aid (with the exception of student loans)
are credited to the student's account to pay institutional charges,
such
as tuition,
fees, room, and board charges. Any remaining balance, after school
charges are
deducted, is to be used for the student's other expenses, such
as books, supplies, and
living expenses. Payment of fees and financial aid disbursement
is generally made on the business day prior to the first day
of classes.
TYPES OF FINANCIAL ASSISTANCE
Miles Community College provides three sources of financial aid:
grants (money that does not have to be paid back), work study,
and loans. Scholarships
are non-need based resources for students.
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GRANTS
FEDERAL PELL GRANT:
The Pell Grant is a federal program designed to provide
undergraduate students, who have not attained their
first bachelor's degree,
with a foundation
of financial aid. Pell eligibility is determined when a student
completes a
FAFSA. The Department
of Education determines Pell eligibility by using the Federal
Methodology formula. The award is to be used for education
expenses, which
include tuition, fees,
room, board, books, and supplies. The amount of Pell Grant
students receive depends on their enrollment status
and EFC. Pell Grants
are paid to students
by crediting
their student accounts. If the amount of the grant exceeds
the amount due to MCC, the student will receive a check
for the remaining
grant
amount.
FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (FSEOG):
The FSEOG is available to students who demonstrate exceptional
financial need and who are eligible for a Federal Pell Grant.
The FSEOG has limited
funding
and is awarded first to those eligible students with exceptional
financial need with the lowest EFCs. FSEOG is paid to students
by crediting their
student accounts.
If the amount of the grant exceeds the amount due to MCC,
the student will receive a check for the remaining grant
amount.
MONTANA HIGHER EDUCATION GRANT (MHEG):
The MHEG is available to students who meet the following
criteria: Montana resident, completed FAFSA and is eligible
for financial
aid, have remaining
need (COA – EFC
= Need), enrolled in six or more credits per semester, and must not have received
a bachelor’s degree prior to being awarded MHEG. These
grants have limited funding and are awarded to those eligible
students who
meet the
March 1st priority
date. MHEG is paid to students by crediting their student accounts.
If the amount of the grant exceeds the amount due to MCC, the
student will
receive
a check
for the remaining grant amount.
MONTANA TUITION ASSISTANCE PROGRAM (MTAP) GRANT:
The MTAP Grant (previously known as the Baker Grant) is available
to eligible Montana students who complete a FAFSA and meet
specific criteria.
To find
out more about the criteria for the MTAP Grant, please contact
Loren Lancaster, financial
aid director at 1-800-541-9281, (406) 874-6171, or
FinAid@milescc.edu.
These grants have limited funding and are awarded first to
those eligible students
who meet the March 1st priority date. The MTAP Grant is paid
to students by crediting their student accounts. If the amount
of
the grant exceeds
the amount due to
MCC, the student will receive a check for the remaining grant
amount.
STUDENT ASSISTANCE FOUNDATION (SAF) ACCESS GRANT:
The SAF Access Grant program is designed to help aid students
who have a financial barrier that is affecting their access
to higher
education.
The
Access Grant
is available to students who meet the following criteria:
Montana resident, completed FAFSA and are eligible for financial
aid,
have remaining
need (COA – EFC
= Need), enrolled in at least six or more credits per semester,
and have completed and returned the Access Grant application
(available
at the
MCC financial aid
office) to the financial aid office. The money will be awarded
until the Access Grant funds are liquidated for the year.
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WORK STUDY PROGRAM
FEDERAL AND STATE WORK STUDY PROGRAMS
The Federal and State Work Study Programs are need based
programs funded by the Federal and State governments. Students
must complete
a FAFSA,
enroll in at least
six credits, and be eligible for financial aid to receive
work study. Students must indicate on the MCC Student Data
Form that
they are interested
in
work study if they want to be considered for work study during
the award process.
Eligible
students work part-time on campus and gain practical work
experience to complement student academic studies. The work
study programs
have limited
funding and
are awarded first to those eligible students who meet the
March 1st priority date.
Work study funds are disbursed monthly as the student earns
the funds.
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LOANS
The Federal Stafford Loan program enables students to
borrow from banks or other lending institutions that
make loans.
A loan is
money that
is "loaned" at
a variable interest rate for the borrower's temporary
use. It must be repaid.
FEDERAL SUBSIDIZED STAFFORD LOAN:
The Federal Subsidized Stafford Loan is available to
students with financial need (COA – EFC = Need).
Students are required to complete a FAFSA in order for
the financial
aid
director to determine their
eligibility
for subsidized
loans. Subsidized means that the federal government pays
the accrued interest while the student is in school.
The interest
rate is variable.
Students must
be enrolled in six or more credits and meet all of the
general eligibility requirements
for receiving financial aid. Loan repayment begins after
six months if the student drops below six credits, withdraws,
or
graduates from
MCC.
Students
must choose
a lender for the loan. Banks, credit unions, or savings
and loan associations make the loan, and there is an
origination/insurance fee. Students
must complete a Master Promissory Note and
Entrance Counseling
before receiving
the loan
and Exit Counseling upon dropping below six credits,
withdrawing, or graduating. See the Student Loan Chart
below for annual
and aggregate
loan limits.
FEDERAL UNSUBSIDIZED STAFFORD LOAN:
The Federal Unsubsidized Stafford Loan is a non-need based
program for those students who are ineligible for any, or
all, of the
subsidized loan. The
major difference between the Federal Subsidized Stafford
Loan and the
Unsubsidized Stafford Loan is interest begins accruing immediately
upon disbursement
of the
unsubsidized loan. The interest can be capitalized (added
to the principle of the loan), or can be paid each year by
the student.
Paying the interest
yearly
is recommended because it will prevent the interest from
accruing upon interest while the student is in school. The
interest rate
is variable.
Students must
be enrolled in six or more credits and meet all of the general
eligibility requirements for receiving financial aid. Loan
repayment begins after
six months if the student
drops below six credits, withdraws, or graduates from MCC.
Students must choose a lender for the loan. Banks, credit
unions, or savings
and loan
associations make the loan, and there is an origination/insurance
fee. Students must complete
a Master Promissory Note and
Entrance Counseling before receiving
the loan and
Exit Counseling upon dropping below six credits, withdrawing,
or
graduating. See the Student Loan Chart below for annual and
aggregate loan limits.
STUDENT LOAN CHART
The maximum loan limits for dependents is also the maximum
amount of subsidized loans available for all students for
that grade
level. Additional
unsubsidized
loan money, which is only available to independent students
or dependent students whose parents do not qualify for a
PLUS Loan,
is not automatically
awarded to
students. Students must request the additional unsubsidized
loan at the financial aid office.
| Student Status |
Freshman Annual Loan Limits |
Sophomore Annual Loan Limits |
| Dependent |
$3,500 (sub/unsub) |
$4,500 (sub/unsub) |
| Independent |
$3,500 (sub/unsub)
$4,000 (add’l
unsub)
|
$4,500 (sub/unsub)
$4,000 (add’l
unsub) |
AGGREGATE LOAN LIMITS
The maximum outstanding total subsidized and unsubsidized
limits for a dependent student is $23,000. The maximum for
an independent
student
or
a dependent
student whose parents do not qualify for a PLUS Loan is $46,000,
of which no more than
$23,000 can be in the form of subsidized loans.
FEDERAL PLUS LOANS (PARENT LOANS FOR UNDERGRADUATE STUDENTS)
Federal PLUS Loans are variable interest, unsubsidized loans
made to parents of dependent students. Parents may borrow
the cost of
attendance
less other
financial aid. The parents are required to complete a form
from the financial aid office
before they can receive a PLUS Loan. The form includes a
statement of educational purpose, which states that the loan
money will
be used for
educational
purposes. PLUS borrowers must begin repaying both principal
and interest within 60
days after the loan is disbursed. For more information on
PLUS Loans, please contact
Loren Lancaster, financial aid director, at 1-800-541-9281,
(406) 874-6171, or
FinAid@milescc.edu.
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MASTER PROMISSORY NOTE
(Parent)
To select a lender and complete your PLUS Master Promissory Note, click on the
PLUS logo. You will be able to select a lender and navigate through the PLUS PreApproval
process. During this time, the parent borrower's credit will
be accessed for pre-approval of the PLUS loan.
MASTER PROMISSORY NOTE
(Student)
After students are awarded a Federal Subsidized and/or Unsubsidized
Stafford Loan, it is their responsibility to select
a lender and complete the Stafford Loan Application called the Master Promissory Note (MPN).
Click on the logo to select a lender and complete the Stafford Load
Application. Lender information will be provided via
FASTChoice. Please note, students may choose a lender not
listed in the FASTChoice product.
Students must
complete this process online by clicking on the MPN link.
Students may select a lender using the FASTChoice product,
and are recommended to submit the MPN electronically using their Department of Education
PIN
number, www.pin.ed.gov,
however students
can also print out the MPN and mail it to Montana Guaranteed
Student Loan Program, Box 8010, Helena, MT, 59620.
30 DAY WAIT FOR FIRST-TIME LOAN BORROWERS
First-time loan borrowers are required to attend Miles
Community College for 30 days prior to receiving
their first student
loan disbursements.
To receive
their loans after the 30 day wait, students must
take a form from the financial aid office to 2 three-credit
courses
or
higher and
obtain
instructors’ signatures
validating that the students are maintaining satisfactory
academic progress in their courses.
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.
ENTRANCE COUNSELING AND EXIT COUNSELING
All students who attend Miles Community College and receive
a loan are required to complete Entrance Counseling. This
process
is completed
online; please click the "Stafford Entrance
Counseling" graphic below. Students need to print off and submit the Entrance Counseling
confirmation page to the financial aid office before receiving
their student
loans. Students are
also required to complete loan Exit Counseling when they
drop below six credits, withdraw, or graduate;
please click the "Stafford Exit Counseling"
graphic below.
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SCHOLARSHIPS
Miles Community College Board of Trustees and the Miles Community
College Endowment Board award more than $200,000 worth of
scholarships each
year to currently enrolled students, transfer students, non-traditional
students, and high school graduates from accredited high
schools. These awards are
intended to recognize scholastic and athletic excellence
and support specific programs
offered at the Miles Community College. The scholarships
are non-need based.
The deadline for submitting a scholarship application for
students beginning school in the fall is March 15. For those
students
who are applying for
a scholarship for spring semester, the deadline is December
15. All applications must be fully
complete in order for them to be reviewed by the MCC Scholarship
Committee. Applicants must also have applied for admission
at Miles Community College.
For specific
information on the selection criteria for scholarships at MCC,
please see Criteria for Scholarships.
CRITERIA FOR SCHOLARSHIPS
Scholarship
Applications
| Miles Community College
Honor
Scholarships |
| New Students |
•
|
Must be current Montana
resident |
•
|
Must have graduated from an accredited
high school in Montana with a GPA of 3.0 or better,
or an ACT score of 22 |
•
|
Must enroll in at least 15 credits
in the semester in which applying for award |
•
|
Continuance of scholarship will occur
for next subsequent semester if maintain 3.0 GPA
and enroll in at least 15 credits |
Returning
Students |
•
|
Must have completed 24 semester credits
with cumulative GPA of 3.0 or better |
•
|
Must enroll in 15 credits or more
for semester in which he/she applies for award |
•
|
Continuance of scholarship will occur
for next subsequent semester if student maintains
3.0 GPA and is enrolled in at least 15 credits |
Scholarships
based on Financial Need |
•
|
Must be current Montana resident |
•
|
Must submit additional two letters:
1.
Explaining financial need for scholarship
2. Letter of
recommendation from non-relative who can attest
to your academic abilities and desire to commit
to a college program |
•
|
Must complete and submit scholarship
application |
•
|
Must enroll in at least 12 or more
credits in semester in which applying for award |
•
|
Continuance of scholarship will occur
for next subsequent semester if student maintains
2.5 GPA and is enrolled in at least 12 credits |
| |
|
| Endowment Scholarships |
• |
Based on academic and financial need |
• |
Must be Montana resident |
| |
|
| Private Scholarships |
| Eilleen A. Carlson Scholarship |
• |
Based on academic and financial need |
| Eugene and Jean Leidholt
Scholarship |
• |
Must have a minimum 3.0 GPA |
• |
Consideration will be given for citizenship,
leadership, and character |
• |
Although not required, preference
will be given for residents of Miles City, Montana |
| |
|
| Elementary Education |
| Henry T. and Marie Dierks Scholarship |
• |
Must have declared interest in becoming
an elementary education teacher |
• |
Must be Montana resident |
• |
Cannot be recipient of other scholarships
provided by Miles Community College |
| |
|
| Nursing |
| Lena Leo Berry Scholarship |
• |
Must be entering or participating
in nursing |
• |
Must have 3.0 GPA |
• |
Consideration will be given for citizenship,
leadership, and character |
• |
Although not required, preference
given to students from Miles City, Montana |
| Mike Carranco Memorial
Scholarship |
• |
Must be entering or participating
in nursing |
• |
Must have 3.0 GPA |
• |
Consideration will be given for citizenship,
leadership, and character |
• |
Although not required, preference
given to students from Miles City, Montana |
| Stella and Reece Clevenger Scholarship |
• |
Must be entering or participating
in registered nursing |
• |
Must have 3.2 GPA |
• |
Consideration will be given for citizenship,
leadership, and character |
• |
Although not required, preference
given to students from Miles City, Montana |
| Marion and Julian Terrett
Memorial Scholarship |
• |
Must be accepted and enrolled in registered
nursing (1st or 2nd year) |
• |
One must be graduate of Custer County
High School (CCDHS or Sacred Heart) |
• |
One must be Montana resident but not
necessarily graduate of Custer County High Schools |
• |
Preference for southeastern Montana
students |
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OTHER FINANCIAL AID PROGRAMS
STATE VOCATIONAL REHABILITATION SERVICE
Certain students with disabilities may qualify for educational assistance through
the Montana Department of Social and Rehabilitation Service.
Contact their office for more information at 1-877-296-1198.
VETERAN'S BENEFITS
Students may apply for veterans' educational benefits through the Veterans
Administration. Students may access the official website
of the Department of Veteran Affairs
Educational Service at www.gibill.va.gov. Students may also
call them at 1-888-GI-BILL-1 (1-888-442-4551). For further information,
contact the
MCC Registrar at bluntl@milescc.edu.
TRIBAL GRANTS
These grants are available to many American Indian students
who are enrolled in a full-time course of study. The award
limits are
based
on the student's
need and the availability of funds. Further information may
be obtained by contacting
the student's tribe or the tribal higher education office.
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POLICIES
FINANCIAL AID SATISFACTORY ACADEMIC PROGRESS POLICY
Students receiving financial aid have a legal responsibility
to maintain certain academic standards
and make satisfactory progress
toward a
certificate or degree
objective. Each semester the financial
aid office must determine an applicant's eligibility
for
financial
aid. Regardless
of whether or
not the student
previously received financial aid, the
student’s
prior academic record will be evaluated
before the student is awarded
financial aid.
In order for students to receive
financial aid, they must be registered
for and enrolled in an eligible program of study,
be
registered in
credit courses
each semester, and
maintain the following
academic standards:
ALL STUDENTS
| 1 |
Must maintain a cumulative
GPA of at least 1.75 during the first 30 credits
of their program and a cumulative GPA of at least
2.0 thereafter. |
| 2. |
If a student's cumulative GPA drops
below a 1.75 or 2.0 and/or he or she does not pass
the minimum number of credits on which his or her
aid is based for the semester, they will be placed
on financial aid probation. Two semesters of probation
will result in suspension. EXCEPTION: Students will
automatically be placed on "Financial Aid Suspension" regardless
of GPA if:
• They are full-time students and do not pass a minimum of 6 credits
• They are less than full-time and do not pass at least
half or more of their credits
(rounding up).
• They withdraw for any reason (other than first time medical). |
| 3. |
Students on "Financial Aid Suspension" will
not be reconsidered for financial aid until they
satisfactorily complete a full semester based upon
the greatest number of credits for which they received
Federal Title IV Financial Aid. |
| 4. |
Students who have lost their financial
aid eligibility for failure to maintain satisfactory
academic progress have the right of appeal. Contact
the financial aid office for an Appeal Form. |
| 5. |
Students entering Miles Community
College on academic probation or suspension from
another school will automatically be placed on financial
aid probation at Miles Community College during their
first semester. |
| 6. |
Students who attend Miles Community
College without assistance of Federal Aid will also
be expected to make satisfactory academic progress
(as defined above) prior to the awarding of any such
aid. They will be evaluated according to their status
determined by the number of credits enrolled in the
term prior to their first semester of aid. |
MAXIMUM TIME FRAME (CREDIT LIMIT)
A student's aid eligibility is limited to 150% of the required
credits for each program of study. Examples of credit limits
are listed below:
| Credits Required for Program in Catalog |
Credits of Financial Aid Eligibility |
| 30 required credits (1-year Certificate) |
(30 X 150% = 45) 45 attempted credits |
| 62 required credits (2-year Assoc.
of Arts or Science Degree, Assoc. of Applied Science) |
(62 X 150% = 93) 93 attempted credits |
| 72 required credits (2-year Assoc.
of Science – Nursing Degree) |
(72 X 150% = 108) 108 attempted credits |
Required credits include prerequisite
classes for any program. If extenuating
circumstances prevent students from
completing
their program of study
in this time frame, students may submit
a written request for extension to
the Financial
Aid Office.
FINANCIAL AID TERMS:
| 1 |
Change in Major - A change
in major will lengthen the period of aid eligibility
only if the student received an Associate Degree
at Miles Community College previously in the former
major. |
| 2. |
Repeats - Students will receive financial
aid for repeating a class one time only. |
| 3. |
Remedial Work - Students may include
as part of their minimum credit load certain sub
- 100 remedial courses which do not apply toward
graduation requirements. For financial aid purposes,
students may enroll in sub-100 courses totaling no
more than half their credit load per semester. |
| 4. |
Credits Passed - Credits for courses
in which the student received a grade of "D" or
higher or a grade of "P." The grades "F," "E," "N," "W," and "I," are
not considered passing. |
| 5. |
Incompletes - Students who are placed
on probation or suspension solely because of the
number of "I" credits will be removed from
such status if the "I" is made up according
to academic policy. |
| 6. |
Dropped Classes - Financial aid recipients
must maintain the enrollment status for which they
were funded. Failure to do so will result in financial
aid probation or suspension. If student plans to
drop a course, they should visit with the financial
aid director to determine the consequences of the
dropped class. |
Enrollment Status:
• Full-time Student - 12 or more credit hours
• Three-quarters Student - 9 to 11 credit hours
• Half-time Student - 6 to 8 credit hours
• Less than Half-time Student - up to 5 credit hours
PROFESSIONAL JUDGMENT
Students who believe that they have special circumstances that warrant a consideration
of professional judgment should contact
Loren Lancaster, financial aid director, at 1-800-541-9281, (406) 874-6171, or
FinAid@milescc.edu.
Some examples
that might warrant special circumstances
include: loss of job and income; loss of
non-taxable benefits; loss of resources
due to death, separation, divorce; increase in budget, or change in dependency
status to independent
status.
The financial
aid office has the right to deny or
accept a request for professional judgment.
REPAYMENT POLICY
Effective July 1, 2000, Miles Community College adopted
a Refund Policy that conforms to the updated version
of the Higher Education
Amendments of 1998
(Section 668.22). Students with Title
IV funding who withdraw or cease attendance will
be subject to both the Federal Refund
Policy regarding the possible
return of Title IV funds awarded to the student,
as well as the Miles Community
College
Return of Funds Policy.
Only the amount of the semester's aid
that has been earned (as a result of
the prorated amount of time the student
has
been
in school for the
semester) will
be eligible for retention on the student's
behalf on or before the 60% point
in the semester. Title IV and all other
aid is viewed as 100% earned after
that point in time. Any aid that is
not
earned must
be returned
to its
source. If
there is a student account balance
resulting from these adjustments, the
student is responsible for payment.
Students who withdraw
without attending
any class
owe a repayment of 100% of the aid
they received. Title IV funds will
be returned to its source in the following
order:
Unsubsidized
Stafford
Loan,
Subsidized
Stafford Loan, Federal Perkins Loan,
Federal Plus Loan, Federal Pell Grant,
SEOG, Montana Grant, Other Title IV
Programs,
Students/Parents. For more
information
on the proper withdrawal procedures,
see the withdrawal section in the
Educational Policies of the catalog.
Further details and examples can be
obtained at
the financial aid office.
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