The Financial Aid Office administers federal, state and institutional aid programs to qualified students. To receive financial aid, qualified students must complete the Free Application for Federal Student Aid (FAFSA). U.S. citizens, lawful permanent residents and qualifying non-citizens are eligible for federal financial aid.
The Federal Pell Grant (Pell) A non-repayable, federally funded program for undergraduate students pursuing a first Bachelor’s degree. Awards vary in amount each year and are based on financial need and hours of enrollment. Pell Grant is awarded based on full-time status but will be adjusted and disbursed based on actual hours enrolled. Students receiving full time Pell Grant awards for the fall and spring semesters will no remaining eligibility for summer.
Effective for the 2012-2013 Award Year, the duration of a student’s eligibility to receive a Federal Pell Grant will be limited to 12 semesters, or until a bachelor’s degree is earned, whichever comes first. This limitation includes the percentage of Federal Pell Grant the student has received from all post-secondary institutions, for a maximum of 600%.
For example: Students who enroll full-time during the fall and spring semesters will receive 100% of their Pell Grant eligibility. Students can receive 12 semesters (or 600%) of Pell Grant based on full time enrollment.
The Federal Supplemental Educational Opportunity Grant (SEOG) provides funds for students who have extreme financial need as determined by the Free Application for Federal Student Aid (FAFSA) and their eligibility for other types of financial assistance. Priority is given to Federal Pell Grant recipients. SEOG is gift aid and usually does not have to be repaid. Awards range from $100 to $500 per academic year for eligible Mid-South students.
Arkansas Higher Education Opportunities Grant (GO! Grant) based on financial need to help low income students complete their college degrees. Eligibility is based on the family’s adjusted gross income as reported on the Free Application for Federal Student Aid (FAFSA). If a student enrolls in less than 12 hours the first semester or 15 hours any subsequent, the GO! Grant will be prorated accordingly. To apply for this scholarship, please use the state’s Universal application .
Career Pathways Programs designed to provide assistance with tuition, fees, and books, childcare and transportation expenses for career training and college classes to current and potential students who qualify. Recipients must meet income criteria and have one or more dependents under the age of 21. To be eligible, students must also complete a Free Application for Federal Student Aid (FAFSA) prior to the beginning of the term of enrollment. Program information and application dates are available from the Career Pathways office located on the MSCC campus.
Workforce Improvement Grant—for individuals 24 and older who file a FAFSA, who are not eligible for a Pell grant or other state aid to cover educational expenses, and who have not yet earned a bachelor’s degree. Eligible students may receive up to $2,000 per year toward tuition and mandatory fees. Students must complete the FAFSA to be eligible for this program. Additional program information is available from the Financial Aid Office on the MSCC campus
Did you know that the 2012-2013 Free Application for Federal Student Aid (FAFSA) is now available?
Check out the newly designed FAFSA website www.fafsa.ed.gov to get your FAFSA filed early.