Your student still needs your help in putting together the money to pay for a college education. Until a student is declared “Independent” your financial situation plays an important role in their access to funds.
What can you do? Review the materials that your student needs to fill out and submit.
Attend an MCC Financial Aid Seminar with your student.
Learn about the FAFSA ((www.fafsa.gov) .
Collect your recent Federal Income Tax original filing documents.
Get a PIN (www.pin.ed.gov ) for the FAFSA submission.
Talk with your student about how you feel about taking out loans.
Why go through the FAFSA Application process? Grants, and many scholarships, require completion of the FAFSA (www.fafsa.gov ) form. Your information is a very important part of this process.
Following the FAFSA submission, MCC Financial Aid will review these materials and will send the student a Financial Aid package. The package may include Pell Grants, Work-Study options and Loan options. Review these offers with your student. Why should a parent take out loans?
Students have limits on how much loan money they can access each year. Parents may also take out loans; often with more broad limits.
Note: All loans MUST be repaid and interest will accrue.
What else can a parent do? Remind your student of their obligation to stay eligible for financial aid. Students must maintain Satisfactory Academic Progress. Changing the number of credits during a semester, not attending classes, or multiple course failures can effect eligibility for current and future aid.
Encourage your student. Education is well worth the efforts involved in earning a degree. Help your student be responsible and make the best use of a hard earned education. |
