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. 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
The FAFSA or Renewal Application must be completed every year. For the 2017/2018 academic year the FAFSA is available starting October 1st, 2016 with a priority deadline of December 1st, 2016 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 December 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.
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).