FEDERAL FINANCIAL AID PROGRAM

Federal Pell Grants may be available to those who qualify.  Contact the Financial Office

for more information. Grades and Attendance affect Financial Aid.

ELIGIBILITY REQUIREMENTS

To qualify for Financial Aid (s) he must meet the requirements below.

1. •Demonstrate financial need

2. •Have a valid Social Security number

3. •Be enrolled in the, Barber Styling or Barber Instructors course at least halftime as a regular student.

4. •Be a U.S. citizen or eligible non-citizen

5. •Not be in default on a federal student loan

6. •Not owe a refund on a previously received grant

7. •Maintain satisfactory academic progress in accordance with MCBC policy (Attendance affects grades)

8. •Certify that they will not engage in the unlawful manufacture, distribution, possession, or use of a controlled substance.

Financial Need

Most federal student aid is awarded on the basis of financial need.  Need is the difference between the cost of education (i.e., education expenses, such as tuition, fees, room and board, books, supplies, and other related expenses) and the amount the student and the student’s family is expected to contribute toward that education.  A standard formula used for all applicants determines this amount, which is called the Expected Family Contribution (EFC) or Family Contribution (FC).  The amount remaining after subtracting the expected contribution from the cost of education is considered the applicant’s financial need.

Federal Pell Grant

The maximum Federal Pell Grant award for the 2010-2011 award year will be $5,550.  The award amount is based on the U.S. Department of Education’s determination of the student’s need.  The amount actually received depends on the student’s Pell Grant index number, the cost of education at the college and whether the student is enrolled on a full-time or part-time basis.  Management and oversight of this program rest with the Financial Aid Administrator. Disagreements between the student and the FAA’s decisions rest with the owner upon written request from the student.

Applying for a Grant

The necessary forms (FAFSA) are available from the Financial Aid Office. The forms must be completed accurately, and submitted on time.  The student is responsible for checking the status of her/his application and ensuring that it has been processed.

Also, if a student would like to visit the Official online site of the Free Application for Federal Student Aid (FAFSA) and complete the the application online he/she may do so.  The link address is www.fafsa.gov and our school code is 031110.

Information is also available on Student Aid on the Web at www.studentaid.ed.gov

The Student’s enrollment may be terminated at the election of the School Director, if the Student’s academic progress, behavior, absences, lateness, dress, etc. does not conform to the attendance requirements, rules and regulations of the School (as stated in the catalog); in which event, the extent of the Student’s tuition obligation will be in accordance with the School’s refund policy.

Please visit our Net Price Calculator to get an early approximation for your costs to attend MCBC. All financial results are only an approximation based on the information you will supply and cannot be considered an actual award.