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Financial Aid Blog

Financial Aid blog

Financial Aid Blog

April 2012 Financial Literacy Sessions

(Deadlines, General Information) Permanent link

 Attention Spring 2012 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 spring 2012 term.  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 be registered 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 April  if you did not attend a previous session this academic year. 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. 

Urgent Notice: Changes To 2012-2013 Financial Aid

(General Information) Permanent link

Urgent  Notice: Changes to 2012-2013 Financial Aid

Highlights of changes to the 2012-2013 financial aid process. 

  • The maximum number of semesters to receive a Pell Grant has changed.
  • Students who do not have a high school diploma or GED will not be eligible for federal financial aid as of July 1, 2012.
  • Interest rates on federal direct subsidized student loans will increase to 6.8% for all new loans taken as of July 1, 2012.
  • For verification, personal copies of federal tax returns can no longer be accepted.
  • FAFSA student applicants are encouraged to use the IRS Data Retrieval Tool to provide student/parent tax information directly into the FAFSA

We will be posting information, instructions, and podcast video links to help you to prepare for the changes that may affect your application for financial aid.

 


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