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Financial Aid Blog

Important Financial Aid Update

(General Information) Permanent link

Our system for scanning documents is being upgraded and it will not be available from Thursday, September 29, 2011 through Friday, October 7, 2011. No documents can be accepted after the close of business on Wednesday, September 28, 2011. We are sorry for any inconvenience. The financial aid office will begin accepting documents again on Monday, October 10, 2011.

October Financial Literacy Sessions (Updated)

(Deadlines, General Information) Permanent link

Attention Fall 2011 Loan Borrower: Attendance at a Financial Literacy session is required for a Federal Direct Stafford Loan borrower if you are a new student at Montgomery College (MC) or if you are a first time borrower at MC for the fall 2011.  You must attend a 90 minute financial literacy session at one of the three campus locations.  Please be on time. The doors will close 5 minutes after the presentation is scheduled to start. To be eligible for the loan you must register for your classes and you must maintain a minimum of 6 credits for the semester.  

Please view the dates on the attached form for the 90 minute session that is convenient for your schedule in October, if you did not attend a previous session in August or September. Funds will not disburse to the new student borrower account unless this requirement is met. Please contact Disability Support Services if you need accommodations. Contact the financial aid office if you have questions.

The Pell Grant lock date is September 9, 2011 at 5:00 pm.

(Deadlines, General Information) Permanent link

The Pell Grant lock date is the date we determine your total credit hours to adjust your federal Pell Grant for the fall semester.  Students who have been awarded financial aid for fall 2011 and students who have completed their financial aid file for MC for fall will have a Pell Lock date of Friday September 9, 2011 at 5:00 pm. If students have not yet completed a financial aid file for fall, their Pell Lock date will be the date the financial aid file becomes complete.

An example of how it works:

 We use your total semester credit hours or equivalent credit hours (for developmental classes) to determine your enrollment level.  This may not match the hours you are billed for tuition.

For example, if you are taking three classes billed at 5 hours each, but they earn only 3 credit hours each, you are enrolled in 9 credit hours for the semester and you are a three-quarter time student.

Some developmental classes earn 0 hours, but are billed at the equivalent of 3 or 5 credit hours. In these cases, we use the equivalent credit hours in your total enrollment.  We pay Pell Grant based on the eligible  hours you have at the close of business on Friday, September 9, 2011 at 5:00 pm.

 

 


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