Step-by-Step Financial Aid Process
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. It’s important to understand that the student and the parent may not share an FSA ID: Your FSA ID is your signature, so it has to be unique to you. If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your child’s FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications, but each child must have his or her own. Please note: Each FSA ID user must have a unique mobile phone number and/or e-mail address.
- Fill out your Free Application for Federal Student Aid (FAFSA ® ) form to apply for financial aid for college through the myStudentAid mobile app or the
fafsa.gov website. You can download the myStudentAid app in the Apple App Store (iOS)
or Google Play (Android). The FAFSA questions ask for information about you (your
name, date of birth, address, etc.) and about your financial situation. Depending
on your circumstances you might need the following information or documents as you
fill out the application:
- Your Social Security number (it’s important that you enter it correctly on the FAFSA form!)
- Your parents’ Social Security numbers if you are a dependent student
- Your driver’s license number if you have one
- Your Alien Registration number if you are not a U.S. citizen
- Federal tax information or tax returns including IRS W-2 information, for you
(and your spouse, if you are married), and for your parents if you are a
- IRS 1040, 1040A, 1040EZ
- Foreign tax return
- Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau
- Records of your untaxed income, such as child support received, interest income, and veterans non-education benefits, for you, and for your parents if you are a dependent student
- Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate (but not including the home in which you live); and business and farm assets for you, and for your parents if you are a dependent student
Review your Student Aid Report (SAR).
Once your application is processed, you will receive a copy of your Student Aid Report (SAR), which summarizes the information you provided on your FAFSA. Review your SAR and make sure all of the information is complete and accurate. If there is any missing or incorrect information, then you should correct your FAFSA as soon as possible.
- If you provide a valid email address, you’ll receive an email from noreply@FAFSA.gov with instructions on how to access an online copy of your SAR.
- You can also log in to fafsa.gov using your FSA ID and selecting the “View or Print your Student Aid Report (SAR)" option near the middle of the “My FAFSA" page; or contacting the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY for the deaf or hard of hearing 1-800-730-8913) and request a copy be sent to you via U.S. mail (allow 10–14 days for delivery).
You may be selected for verification.
- Starting in 2019-2020 if you are selected for verification (additional documents are required) you can submit your required documents via your MyBackpack. There will be a link to mcc.verifymyfafsa.com in your MyBackpack. You will need to create an account in order to submit your documents.
- Once all required documents have been submitted, it can take up to 2 weeks for your information to be verified. During our peak enrollment processing time can take up to 4 weeks. Until this process is complete, you will not be eligible to receive federal financial aid
- Approximately 3-5 business days after submitting your FAFSA you can access MCC4me/MyBackpack
to see your award package if you were not selected for verification. If you were selected
for verification once the verification process is complete you will then be able to
review your award package.
- On MCC4me/MyBackpack 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 or follow the link in your MyBackpack and complete & submit a Master Promissory Note (MPN) and Entrance Counseling the first time you use your loan package at MCC.
- Starting in 2019-2020 the student must also accept their loan offer in their MyBackpack in order for the loan to be included in their award package. If you intend on participating in the work-study program you must contact the Student Employment Services.
- 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. Starting in 2019-2020 the student must accept their loan offer in their MyBackpack order for the loan to be included in their award package. Still have questions? Try the disbursement of funds page.
- Please review the Student Rights and Responsibilities PDF document
- If you fail, stop attending, or withdraw from your classes, you may owe a portion of your award back. This is called a Return of Funds.
- You must maintain Satisfactory Academic Progress (SAP) in order to remain eligible. If you fall below any of the three SAP standards, your financial aid will be terminated.