Financial Aid Policies
The Financial Aid Office administers federal and state student aid programs designed to assist students who need financial aid to help pay for college.
Rights and Responsibilities
The Financial Aid Office administers federal and state student aid programs designed to assist students who need financial aid to help pay for college. These programs include Cal Grant programs (A, B, and C), California Chaffee Grant, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), and the Federal Work-Study program.
Students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) as soon as possible. The FAFSA is available each year beginning October 1st for the subsequent academic year. Students applying for financial aid will be notified if any additional documents are required to complete their applications.
Students have a right to:
- Receive financial aid counseling from our Financial Aid office.
- Know how much of their financial aid package is grants, scholarships, or other aid.
- Understand the terms of repayment (if applicable).
- Know the policies on Satisfactory Academic Progress (SAP) and how that might affect their financial aid.
- Know how your financial aid disbursements were determined, including what factors went into determining the amount of aid awarded.
Students have a responsibility to:
- Complete all financial aid forms completely and accurately.
- Fill out the FAFSA for each year you attend MTI College.
- Provide any documents or paperwork requested by the Financial Aid department.
- Use your financial aid for college education while attending MTI College.
- Comply with any rules and regulations governing your financial aid awards.
- Maintain Satisfactory Academic Progress (SAP).
Satisfactory Academic Progress (SAP)
If you receive federal or state financial aid, you must maintain Satisfactory Academic Progress (SAP) towards the completion of a program or degree.
Students must reach a minimum Qualitative and Quantitative standard to remain eligible for financial aid, as you pursue your degree or program completion. This means you must maintain a certain GPA and complete a certain percentage of coursework attempted to achieve Satisfactory Academic Progress.
Disbursement and Refund of Financial Aid
All federal aid, including SEOG, Pell Grant, and student loans, are disbursed to the student’s billing account to pay for all educational expenses.
If excess funds are received they are generally refunded to the student’s loan, if they have one. If not, any excess is refunded to the student. If the amount of financial aid the student receives is not enough to cover tuition and student fees, the student is responsible for paying those expenses.
Some reasons why there might be an overpayment would be an increase in financial aid eligibility or a change in enrollment.
Repeating and Withdrawal from a Program
If you withdraw from a program before completion, and you are receiving federal financial aid, the MTI College Financial Aid department must calculate if you underpaid or overpaid based on the time you attended during the semester.
Withdrawal from a Program
There are strict federal laws that regulate how colleges and universities calculate the amount of federal financial aid a student earned at the point they stop attending or withdraw from a program. This amount is calculated on an individual basis. The amounts on the page below are purely for illustrative purposes.
If you are a student receiving federal financial aid, and you withdraw from your program or stop attending classes, the Financial Aid office is notified of your last date of attendance. This information is used to determine the percentage of the payment period the student attended. For example, if a student withdraws at the 40% mark of the payment period, the student will have earned 40% of their federal funds. Therefore, if the student’s financial aid eligibility was $1000, the student would have earned $400 (which is 40% of the eligible $1000 in our example).
Repeating a Class Within a Program
New laws passed in 2011 regarding Title IV (federal financial aid) changed rules about whether students are eligible for financial aid for classes they choose to retake. Though this is not common, in some cases, students may want to retake a class to improve their GPA. Students are eligible for federal financial aid only if new credits are being given for the class they are taking. If the student failed the class before (grade of F), they are eligible for federal financial aid to take an individual class again, to pass (D or above). Once a student passes a class, even if they choose to retake it, to improve their GPA or for any other reasons, they are not eligible for extra federal financial aid for that particular class.