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| Financial Aid Programs Return to Financial Aid Home | Grants & Scholarships | Federal College Work Study | Student Loans | Tuition Payment VA Benefits | National Guard Benefits | How to Apply | Eligibility | Cost Massasoit recognizes the need for financial assistance on the part of some of its students to help pay the cost of their higher education. This brochure will provide information regarding the types of financial aid available to students who wish to attend Massasoit, application procedures, and eligibility. Part-time Study Financial aid is available for both part-time and full-time study. Financial Aid consists of: 1. Grants and Scholarships - gifts which do not have to be repaid. 2. Loans - these must be repaid but generally only after you have completed your higher education. 3. Student Employment - work on campus for which you are paid. Grants & Scholarships (top) Pell Grant A federally funded program giving awards to undergraduates to help them pay for their education. These grants do not have to be paid back. Federal Supplemental Educational Opportunity Grants (SEOG) A federally funded program for students with financial need as reflected on the FAFSA. Massasoit Community College Scholarship (Community College Access Grant) The MCC Scholarship is funded by the State as the Community Access Grant Program. The program is designed to increase access to a college degree for all Massachusetts residents. With this program more Massasoit students than ever have received MCC Scholarships to assist them with their tuition and fees. All students are encouraged to file the FAFSA and Massasoit Community College Financial Aid Application top determine their eligibility for these funds. This program is not available for students who have earned an Associate's, Bachelor's or Graduate degree. State Tuition Waiver Program Help defray the cost of tuition for day students who demonstrate financial need as reflected on the FAFSA. State Scholarships Residents of Massachusetts may be eligible for a Mass. Grant. If you are a resident of Massachusetts, you can apply right on the FAFSA. (This program is limited to full-time students only.) Federal College Work Study (top) This federally funded program provides employment to Massasoit Community College students with financial need. The hourly rate is $8.00 per hour and students work on or off campus for approximately 10 hours per week. Student Loans (top) Federal Direct Subsidized Loans Available to eligible student borrowers. They are need based: a FAFSA must be filed with the school the student plans to attend. These loans have a fixed interest rate of 6.0% for the 2008-2009 aid year. Interest and principal are subsidized by the government until the student ceases to be enrolled at least half-time. Repayment begins 6 months after the student graduates, withdraws or stops attending school at least half-time. Federal Direct Unsubsidized Loans Available to eligible student borrowers. These loans are not need based; however, a FAFSA must be filed with the school the students plans to attend. Interest accrues during in-school period. Combined totals of subsidized Federal Stafford and unsubsidized Federal Stafford are the same as Federal Stafford Loans. These loans have a fixed interest rate of 6.0% for the 2008-2009 aid year. Interest and principal may be deferred until the student ceases to be enrolled. Interest is NOT paid by the government. The borrower is responsible for all interest payments. Repayment begins 6 months after the student graduates, withdraws or stops attending school at least half-time. Federal Parent Plus Loans Available to parents or legal guardians of dependent undergraduate students. |
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| Veterans Administration Benefits If you are a veteran, the widow of a veteran, or the child of a disabled or deceased veteran, you may qualify for federal and/or state benefits. For information, contact the Veterans Office at Massasoit Community College at 508-588-9100, x1477. |
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| National Guard Benefits (top) Members of the National Guard MUST present their certificates of eligibility by the first day of classes to use this benefit. |
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| How to Apply Each new or returning Massasoit student applying for financial aid must file the following by the preferred deadline of April 15: The Free Application for Federal Student Aid is required to be considered for Pell Grants, State Scholarships, Stafford Loans and all other Federal Programs. The Free Application for Federal Student Aid is available at secondary school guidance offices and college financial aid offices. Returning students must re-apply annually. |
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| Who is Eligible? (top) First, students must be accepted into a degree program. Financial aid is awarded on the basis of financial need, as reflected on the FAFSA. To be considered for any federal funds, whether awarded through the College or by an outside agency, a student must be a citizen or permanent resident of the United States. Males born after December 31, 1959 must be registered with the Selective Service System. A student cannot be in default of any loan(s) and cannot owe any refunds for Title IV funds. |
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| How is Financial Aid Awarded? Financial aid decisions at Massasoit Community College are made for a full academic year, on the basis of financial need, the availability of funds, and, for currently enrolled students, evidence of satisfactory academic progress. Financial need is determined through a review of your FAFSA. Satisfactory academic progress is clearly outlined in the Massasoit Community College Catalog. Wherever possible, awards are made to help cover costs of education (tuition and fees). |
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| What Will It Cost? 2008 - 2009 Costs (top) Tuition and fees are based upon the number of credit hours required by each program of study. |
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| Books & Supplies The estimated cost of books and supplies for a full-time student is $800.00 per year. |
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| Health Insurance An annual fee of $840.00 is required of all students taking 9 credits or more per semester. This fee may be waived upon proof of existing health insurance. (Fee is subject to change.) |
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