Step-by-Step Financial Aid Process

 

Financial Aid can be a "bear", however, with this simple step-by-step process you will have the tools you need to easily conquer the FAFSA (Free Application for Federal Student Aid).

1
Complete the FAFSA
FAFSA
School code for Mott Community College is
002261
 
2
Review your Student Aid Report (SAR).
 
 
3
You may be selected for verification.
  • Approximately one week after submitting your FAFSA you can access your WebAdvisor account to see if you are required to submit more documents
  • Once all required documents have been submitted, it can take 4-6 weeks for your information to be verified. Until this process is complete, you will not be eligible to receive federal financial aid
  • On WebAdvisor you have the ability to view your award letter. The award letter details the aid for which you are eligible. If there is a loan in your package that you would like to accept, you must go to www.studentloans.gov and submit a Master Promissory Note (MPN) and Entrance Counseling. If you intend on participating in the work-study program you must contact the Student Employment Services.
Verification Worksheet
 
4

Utilizing/Accessing your Financial Aid Awards

  • What type of aid is available? View the sources of aid page.
  • How do you receive your Financial Aid? Using your aid after it has been awarded is simple. The Financial Aid office applies the funds to your account, paying your tuition and allowing you to use any excess in the bookstore. Still have questions? Try the disbursement of funds page.
Disbursement of Funds
 
5
Remain Eligible, Perform or Perish
Sources of Financial Aid
 

Congratulations, you have completed the process! You will not have to do these steps again until January 1st to March 1st of next year.