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Financial Aid
Financial aid is available from a variety of sources depending on the program length. Courses 600 or more hours are eligible for the following financial aid arrangements:
- Federal Pell Grant. The free application is available online at www.fafsa.ed.gov. Our Federal School Code is 017282.
- Federal Student Loan Program. These are interest-bearing loans which must be repaid regardless of course completion.
- School payment plan. A school payment plan can be established for monthly payments of tuition and school-related expenses. No interest is charged for the payment plan. An application is available in the Financial Aid Office.
- Veterans’ education benefits. Veterans or immediate family members may be eligible for assistance through the Veterans Administration. For eligibility information or to apply contact the Mahoning Veterans Service Office at 330-740-2451 or apply online at www.gibill.va.gov.
- Workforce Investment Act assistance. Mahoning County One Stop will assist qualified applicants with this process. The One Stop information is available online at www.onestopohio.org.
- Scholarships. Some professional organizations, foundations, and employers offer scholarships for continuing education. Check with these organizations or your employer.
Courses less than 600 hours are eligible for the following financial aid arrangements:
- School payment plan. A school payment plan can be established for monthly payments of tuition and school-related expenses. No interest is charged for the payment plan. An application is available in the Financial Aid Office.
- Workforce Investment Act assistance. Mahoning County One Stop will assist qualified applicants with this process. The One Stop information is available online at www.onestopohio.org.
- Scholarships. Some professional organizations, foundations, and employers offer scholarships for continuing education. Check with these organizations or your employer.
Check out these short videos provided by StudentAid.gov for more information:
Federal Pell Grant
Apply online at www.fafsa.ed.gov. Please include the MCCTC school code (017282) on your FAFSA application. You must have a PIN number to sign the financial aid application online. It is recommended that you request your PIN number before completing the FAFSA application online to avoid a delay in processing. Apply for your PIN number at www.pin.ed.gov. Eligibility is determined by Title IV guidelines. An award letter itemizing the student's financial arrangements is given to the students for approval prior to disbursing any funds. Pell grant monies are applied to a student's account each payment period as long as the student has maintained satisfactory academic progress. Refer to the Student Consumer Handbook 2013-2014-Addendum A for more information.
Federal Direct Loans
Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources. The William D. Ford Federal Direct Loan (Direct Loan) Program is the largest federal student loan program. Under this program, the U.S. Department of Education is your lender. A student who wishes to receive a Federal Direct Loan must complete a Free Application for Federal Student Aid (FAFSA) and must sign a master promissory note (MPN) — a legally binding agreement to repay the loan. Loan recipients are also required to complete loan entrance and loan exit counseling sessions — both are tools to ensure the student understands his/her obligation to repay the loan. Entrance counseling must be completed prior to the student receiving the loan proceeds. Exit counseling must be completed prior to the final loan disbursement or when a student leaves school. Loan counseling can be completed at www.studentloans.gov. Loans are either subsidized or unsubsidized. Maximum subsidized and unsubsidized amount is $5,500 (1st year) for dependent students and $9,500 (1st year) for independent students. Maximum loan amounts are prorated for all programs 600-899 hours. Contact the Financial Aid Office for more information.
Direct Subsidized Loan - Based on need and repayment normally beings six months after you leave school. No interest is charged while the student is in school. Maximum amount is $3,500 (1st year) for both independent and dependent students.
Direct Unsubsidized Loan - Not need based and repayment normally begins six months after you leave school. Borrower is responsible for interest during entire life of the loan. Maximum amount is $2,000 (1st year) for dependent student and $6,000 (1st year) independent student.
Interest Rates - For loans disbursed between 7/1/12 and 6/30/13:
Subsidized - 3.4% fixed
Unsubsidized - 6.8% fixed
Interest rates change every year on July 1. For more information contact the Financial Aid Administrator or refer to www.studentloans.gov.
Direct Loan Fees - Direct Subsidized Loans and Direct Unsubsidized Loans with a first disbursement date on or after July 1, 2010, will have a loan fee of 1%.
Considering a Federal Direct Student Loan? Click here for additional information to "Help You Borrow Wisely."
Be sure to watch these short videos to learn about your responsibilities as a federal student loan borrower and what you should expect:
Provided by StudentAid.gov.
Workforce Investment Act Funds
Apply through the One-Stop located in your county. Funds are disbursed according to agency policy. You can apply online at www.onestopohio.com, or call your local One Stop at the number listed below for more information.
Mahoning County One Stop 330-965-1787 Columbiana County One Stop 330-420-9675 Trumbull County One Stop 330-675-2179
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Veteran's Training
If you served on Active Duty, you might be eligible for education benefits offered by the Department of Veterans Affairs. For example, the Post-9/11 GI Bill provides financial support for educational and housing expenses to individuals with at least 90 days of aggregate service after September 10, 2001, or individuals discharged with a service-connected disability after 30 days. You must have received an honorable discharge to be eligible for the Post-9/11 GI Bill.
If you are currently serving in the military, you may be eligible for funding offered through the Department of Defense Tuition Assistance program. Check your eligibility status and the amount for which you qualify with your Service prior to enrolling.
If you are the spouse or child of a service member who is serving on active duty Title 10 orders in the pay grades of E1-E5, O1-O2, or W1-W2, you may be eligible for financial assistance from the Department of Defense for education, training, and/or the occupational license and credentials necessary for a portable career.
If you are the spouse or child of a service member, you may be eligible for transfer of the service member’s Post-9/11 GI Bill benefits to you.
Career Certification Programs are eligible for Veterans Educational Benefits for students who qualify for these benefits. Apply online at www.gibill.va.gov or contact the Mahoning County Veterans Service Office at 330-740-2451 for assistance. The Financial Aid Office will process a school certification once the VA application has been processed, the student has submitted a copy of their Certificate of Eligibility letter to the Adult Career Center and the student is enrolled in an approved program.
Point of Contact: Kim Chaney, Financial Aid Administrator; 330-729-4100 x: 1902
Consumer Information
Information on completion/graduation rates can be viewed on-line by clicking the link below. Campus security and drug/alcohol abuse policy is located in the Student Consumer Handbook (see next section).
2011-2012
Career Certification Programs' Consumer Information.
Student Consumer Handbook
Information on school policies regarding a student's rights and responsibilities, available financial assistance, institutional policies, completion/graduation rates, student code of conduct, campus security and drug/alcohol abuse policy is located in the Student Consumer Handbook. The Handbook is distributed to each new student during the required Orientation Session.
 Click here to view the Student Consumer Handbook 2013-2014 on-line.
Withdrawal and Refund Policy
Students may withdraw from a Career Certification Program by notifying the Program Coordinator in writing. Students already attending classes must submit their written notification within seven (7) days of their last day in attendance. Upon receipt of written notification of withdrawal the following prorated refund policy will apply:
(1) A student who withdraws prior to the first class session shall be obligated for the withdrawal fee plus the registration fee.
(2) A student who withdraws during the first week* of class will be obligated for 10% of the total program tuition plus the registration fee.
(3) A student who withdraws during the second week* of class will be obligated for 50% of the total program tuition plus the registration fee.
(4) A student who withdraws during the third week* of class and thereafter will be obligated for 100% of the total program tuition plus the registration fee.
*"Week of class" begins every
Monday regardless of the weekday
of the first class session.
When calculating refunds, failure to submit written notification of withdrawal will result in the Adult Career Center waiting 10 missed days from your last day in attendance to officially withdraw you from the program and defining that 10th day as your official withdrawal date.
Please Note:
• The term “withdraw” defines any reason for a student leaving school, whether it is initiated by the student or by the school.
• The term “total program tuition” defines the program in its entirety (start date to end date), not per payment period.
• The only mark given for withdrawing from a certification program after classes have begun is a “W.”
Students receiving the Pell Grant, Direct Student Loans and/or other financial assistance who withdraw or are terminated from a Career Certification Program may no longer be eligible for the full amount of financial assistance he/she was originally scheduled to receive. Therefore students planning to withdraw should schedule an appointment with the Financial Aid Administrator before exiting the program to discuss their aid eligibility and financial responsibilities.
Regardless of circumstances, students receiving Title IV funds that are withdrawn or terminated from a Pell eligible program are subject to the U.S. Department of Education’s Return of Title IV Funds Policy (see the Student Consumer Handbook - Addendum A, Financial Aid Procedures, p. VIII). Title IV eligibility is calculated based on the student's last day in attendance; students receiving Veterans Benefits or other third party agency (e.g., TAA, WIA, MCTA) funding are subject to the return of funds policy governing that agency. For information on policies governing Veterans Benefits call the Department of Veteran Affairs Education Customer Service Office at 1-888-442-4551. For information on the return of funds policies governing specific funding agencies contact your case manager.
Allow 4-6 weeks to process applications and related paperwork connected with financial aid.
Questions about financial aid? Contact:
Kim Chaney, Financial Aid Administrator
330-729-4100 ext.: 1902 |
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