Loans, Grants, & Other Aid
What is financial aid? Simply put, it’s money to help you pay for college and can come from a variety of sources. The types of financial aid listed below are some of the most common, but the list is not exhaustive.
There are two main types of financial aid, gift aid and self-help aid. Gift aid includes grants and scholarships and is money that does not have to be repaid; it is sometimes based on financial need. Self-help aid includes part-time employment and student loans.
Gift aid from the federal government based on need. Amount varies depending on your financial situation captured on the FAFSA and the number of credits you register for each semester. Funds will credit directly to the student’s account with the institution.
| Credit Hours | Enrollment Intensity |
| 12 (or more) | 100% |
| 11 | 92% |
| 10 | 83% |
| 9 | 75% |
| 8 | 67% |
| 7 | 58% |
| 6 | 50% |
| 5 | 42% |
| 4 | 33% |
| 3 | 25% |
| 2 | 17% |
| 1 | 8% |
Federal Supplemental Educational Opportunity Grant (SEOG) – Gift aid from the federal
government based on exceptional need. Awards are offered to students who have a 0
(zero) Student Aid Index (SAI) and who complete their financial aid requirements early.
Funds will credit directly to the student’s account with the institution.
Gift aid from the state government based on need and Nebraska residency. Awards are offered to students based on the date the financial aid requirements are complete and may be exhausted. Funds will credit directly to the student’s account with the institution.
Merit-based awards that do not require repayment. View all MPCC scholarship and apply online.
Provides the opportunity for students to work part-time on campus. Funding for this program comes primarily from the federal government. You must complete a FAFSA to be eligible and you must have financial need. Funds are paid to the student for actual hours worked in the form of a paycheck.
Loan funds provided to the student by the U.S. Department of Education through the school. The government pays the interest while the student remains enrolled at least half-time. There are annual loan limits on the amount that may be borrowed, which vary by the student’s academic year in school, dependency status, and remaining need.
Loan funds provided to the student by the U.S. Department of Education through the school. Students qualify regardless of their need but must complete the FAFSA. Interest accrual begins immediately. There are annual loan limits on the amount that may be borrowed, which vary by the student’s academic year in school and dependency status. The student also may not borrow in excess of their remaining cost of attendance.
Non-need based, low interest loan funds provided to the parent of a dependent undergraduate student by the U.S. Department of Education, through the school. This federal loan program allows parents with no adverse credit history to apply for a loan amount up to the cost of attendance each year, less any financial aid received by the dependent student. Unless other arrangements are made, repayment of principal and interest begins immediately upon receipt of the first disbursement. Interested parents can apply through Federal Student Aid
There may be other options available to you. Contact us at finaid@mpcc.edu for assistance.
