Financial Responsibilities and Student Rights

This page helps ensure you are aware of some of the key responsibilities and rights of financial aid students. More information is located on our Student Handbook, Rights and Responsibilities and Consumer Information pages.

General understanding

Federal law prohibits students from receiving Pell grants at more than one college at the same time.
Falsifying information regarding the requirements for federal financial assistance could result in a $20,000 fine, a prison sentence or both.
Students may not receive institutional scholarships for more than the amount to cover in-district tuition costs. (For example, if you have been selected to receive a scholarship for $200 and your in-district tuition is $500, you may receive other MCC institutional scholarships for no more than $300.)
Students are responsible for ensuring their account is in good standing. You agree to pay any balance on your student account that is not covered by financial aid (grants or loans); these balances could include tuition, fees, bookstore charges and/or other miscellaneous charges.
To receive financial aid, students are expected to attend all classes on which a financial aid award is based. Award funds may be delayed if you do not attend the first class. If you stop attending all of your classes before completing 60% of the semester, you will owe money back to federal aid programs.

Check your official MCC email account on a regular basis for notices from the financial aid office.
Check your myMCCKC student account for financial aid awards and fee payment dates.
Review and consider all information about the college’s programs before enrolling.
Understand the college’s tuition and fee refund policy.
Pay special attention to applications for student financial aid. KNOW ALL DEADLINES FOR APPLYING ON TIME! Complete applications thoroughly and accurately AND submit forms to the correct place, within specified deadlines.
Students MUST submit new or corrected information requested by the financial aid office promptly. This includes: paperwork, name changes, address changes, enrollment changes or changes to previously submitted information on your Free Application for Federal Student Aid (FAFSA). Failure to respond or incorrect information can result in delay or loss of financial aid.
Read, understand and keep copies of all forms that you have signed.
Make and maintain satisfactory academic progress toward your certificate or degree.
Attend an online entrance interview and on-campus loan information session before accepting any offer of a student loan.
Attend an online exit interview after accepting a student loan (and before leaving the college).
Repay any student loans borrowed while attending the college.
Satisfactorily perform the work agreed upon in a college work study job, if offered one.

You have the right to ask the college about all of the items below. A great place to start looking for answers is at Consumer Information.

The names of our accrediting and licensing organizations and to see copies of the documents describing the accreditation or licensing.
A list of faculty and other instructional personnel.
Instructional, laboratory and other physical facilities associated with the academic program.
Facilities and services available to students with disabilities.
What the cost of attendance is and what the policy is on refunds to students who reduce hours or withdraw completely from classes.
Whom to contact for information on student financial assistance.
What types of financial assistance are available, including information on federal, state and institutional aid programs.
ow financial aid recipients are selected for awards.
How financial need is determined and disbursed.
An explanation of each award shown on the award letter.
What the interest rate is on any student loan, the total amount the student can expect to borrow, the length of time to repay and approximately when repayment will begin.
The Federal Work Study award (if offered one), what the job is, what the hours will be, what the rate of pay will be and how and when you will be paid.
To reconsider the financial aid package, if the student believes a mistake was made or if enrollment changes prior to the first day of classes.
How the college determines whether students are making satisfactory academic progress and what happens when financial aid recipients do not make satisfactory progress.