Federal Financial Aid
Learn more about the different kinds of federal financial aid that may be available to you, based upon your Estimated Family Contribution (EFC) that’s determined through the FAFSA:
The Pell Grant is a federally funded program which assists students with the cost of attending college. A Pell Grant does not have to be paid back. To receive a Pell Grant, the student must be an undergraduate who does not already have a bachelor’s degree. Awards are granted on a sliding scale ranging from $346 to $6,895 depending on the family financial position.
SEOG Grant awards are made available to students who demonstrate exceptional financial need. An SEOG Grant also does not have to be paid back. To receive an SEOG Grant, a student must be an undergraduate who does not already have a bachelor’s degree. Awards at this college range from $100 to $800 per year.
The Federal Work Study Program (FWSP) gives the student an opportunity to earn money for educational purposes on a part time basis as well as a way to develop skills that are important in a workplace environment. Typically, students work in a variety of college offices within a support role under the supervision of a faculty or staff member. Some off campus positions are also available. Whenever possible, students are placed in roles that compliment their program of study. Students will be paid at least the current minimum wage. Students who qualify for Federal Work Study will be required to perform the work assigned in a responsible and professional manner. A confidentiality agreement must be signed for all work study positions. In most cases, work-study hours are limited to a 12-15 hour work week. Eligible students must demonstrate need and be enrolled in at least 6 credits per semester.
Email mcc-fa@ccsnh.edu or stop by the Financial Aid office to learn about current opportunities.
Federal Loans for Undergraduate Students are meant to provide additional funds for educational expenses. These loans are made to parents of undergraduate, dependent students. Parents of dependent undergraduates may borrow up to a student’s cost of attendance less estimated financial assistance. The interest rate for these loans is variable and set annually not to exceed nine percent (9%). Interested parents will be required to apply for this loan. This loan is credit based.
