What's Available?
There are four basic types of financial aid available to help you meet your educational costs: grants, scholarships, educational loans, and student employment.

• Federal Financial Aid
• Financial Aid Questions
• Scholarships
• Costs

FEDERAL ASSISTANCE
GRANTS
Grants, which are available to students who meet financial need requirements, are funds that do not have to be repaid. The most common grants are Supplemental Educational Opportunity Grants (SEOG), which assist qualified undergraduate students who would be unable to attend college without aid, and Pell Grants, which range from $400 to $4,050 per academic year.

MCC will always consider your eligibility for grants before any of the loan programs.

JOBS
Many students look to part-time employment on the campus to help supplement their money from home and their other financial assistance. Working part-time while in college not only helps pay the bills, but also enhances your resume for that first job.  Manhattan Christian College participates in the Federal Work Study Program. Qualifying for Work Study money does not guarantee the student a job at the college. Qualification is merely the first step for the opportunity to earn the money, students must apply for limited on-campus jobs.

LOANS
Loans let you borrow money for college at low interest rates. Most loans are paid back after you finish college.

If you qualify, you may be assisted with a Perkins Loan. This loan does not accumulate interest while you are in college, and interest at five percent begins nine months after you cease to be a half-time student.

Federal legislation makes it possible for every student to be eligible for either a Federal Unsubsidized or Subsidized Stafford Student Loan. Freshmen may receive up to a maximum of $2,625 in Stafford Student Loan funds during their first year in college, while sophomores may receive up to $3,500 per year, and juniors and seniors may receive up to $5,500 per year.

Eligibility for the Federal  Unsubsidized Stafford Student Loan is not based on financial need, but "need" is a factor used in determining your eligibility for the Federal Subsidized Stafford Student Loan. Interest accrues while you are in school if you borrow under the unsubsidized loan program, but not under the subsidized loan program.

You may expect to begin repaying your Federal Stafford Student Loans six months after you cease to be a half-time student. Interest rates on Federal Stafford Student Loans vary with the U.S. Treasury Bill rate every July 1. The interest rate is capped at 8.25 percent.

Federal regulations allow for your total cost of attending college to be covered by some form of financial assistance. If after receiving your financial aid awards you find that you still need money, your parents may borrow under the Parent Loan Program for Undergraduate Students (PLUS).

HOW DO I APPLY?
Complete the Free Application for Federal Student Aid by hand or through the internet. Contact the Financial Aid Office, if you have any questions regarding financial aid.

APPLICATION PROCESS
As you can see from the variety of financial aid programs, college can be very affordable. While current regulations allow for all of your educational costs to be covered, you must carefully complete the entire student aid application process in order to take advantage of all of the available assistance.

Every student should apply for federal student assistance at least one time. You should never assume, without going through the application process, that you won't qualify.

1.  Begin your application process by applying for admission to MCC. As you apply for admission, you should start the federal aid application process by completing the Free Application for Federal Student Aid (FAFSA). This application is available from your high school counselor or any college financial aid office. These applications are typically available in November of each year. Applications will not be accepted by the federal processor prior to January 1.

2. To be considered for all forms of federal assistance for the following fall and spring semesters, you should submit your completed FAFSA by our application priority deadline of April 1. If you apply after this date, your chances for receiving the SEOG, Perkins Loan, and Federal College Work Study will be reduced.

3.  Remember to list MCC as a school to which you wish to have your financial aid information sent. You'll need MCC's federal school code: 001931.

4.  After the federal processor reviews your FAFSA, they will mail you a Student Aid Report (SAR). Please review it for accuracy.
 

QUESTIONS
If you need additional information about the financial aid application process or programs, contact the Financial Aid Counselor, 1415 Anderson Ave., Manhattan, KS 66502, or call: 785-539-3571.

Here is a frequently requested phone number:

General information about the federal student financial assistance programs, assistance in completing the FAFSA, to obtain federal student aid publications 1-800-4-FED-AID.

Here are some frequently requested web sites:

The Student Guide: . . . . studentaid.ed.gov/students/publications/student_guide/index.html

FAFSA on the Web . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . www.fafsa.ed.gov

FAFSA Help: . . . . . . studentaid.ed.gov/students/publications/completing_fafsa/index.html

Title IV school codes (to complete the FAFSA) . . . . . . . www.fafsa.ed.gov/fotw0405/fslookup.htm
MCC's Title IV code is: 001931

What scholarships are available for transfer and nontraditional students?
If your cumulative college G.P.A. is 2.5 or better, then you qualify for either the Trustee or Crusader Scholarships. If you have taken 24 hours or more at another college(s), your G.P.A. will be based upon those 24+ hours alone. If you have less than 24 college credit hours, MCC may also consider your your high school G.P.A. and/or your ACT/SAT score for scholarship purposes.

Your application for admissions also serves as your application for MCC scholarships. You will be notified of your scholarship, once you have been accepted to the college. There is no deadline on applying for the scholarships. Scholarship are available until funds are exhausted, they will be awarded to students on a first- come-first-served basis.

Feel free to visit fastweb.com for online scholarship information (not related to MCC scholarship programs). FastWeb's free scholarship search includes more than 600,000 scholarships worth more than $1 billion. FastWeb is completely free and MCC is a proud FastWeb member school.