Financial Aid Refunds

Financial aid awarded for any term is to be used toward meeting the cost of attending MTC for that period. If you withdraw from the college or change academic status, a recalculation of the award may be necessary. This recalculation will be based upon your new status and the time of the term in which the change was made. By withdrawing from classes, or if you stop attending before 60% of the enrollment period is complete, you may be responsible for repaying Federal Student Aid (such as Pell Grants, FSEOG and Direct Loans).

Class Attendance

Students who fail to attend classes and do not withdraw are also subject to refund and repayment of financial aid.

Repayment

A Financial Aid Officer will compute the repayment and notify the Business Office of the amount you owe. You will be billed and instructed how to make repayment. Future financial aid and grades/transcripts may be withheld until repayment is made. If repayment is not made, your debt shall be turned over to a collection agency for collection assistance. All refunds are returned to the source from which they came.