Financial Aid | MATC (2024)

• Applicants for most types of financial aid must be a U.S. citizen, permanent resident, or othereligible non-citizen
• Must be enrolled an accepted for enrollment in an eligible Associate Degree or Technical Diploma
• Must be enrolled at least half-time (for most financial aid funds)
• Must maintain satisfactory academic progress (SAP)
• Must be taking courses required to complete degree program requirements to be financial aid eligible.
• Must not be in default on a federal student loan and not owe money on a federal student grant

The instruction sheet below has step by step directions on the financial aid application process as well as important information to remember throughout the application process.

View/Print the 2024-25 Financial Aid Information Document

English (pdf) | Spanish (pdf)

Once your financial aid package is determined, an award letter will be sent to your MATC student email. There are many different types of aid (grants, loans, and work study) awarded, and most are based on your Cost of Attendance and your financial need.

To view and accept your award, visit MATC Self Service at https://selfservice.matc.edu.

Your Award: Your award is based on full-time status of 12 college credits. Award amounts are subject to change based on your enrollment status.

What is cost of attendance?

Financial Aid Award Estimate

Net Price Calculator 2019-20
Milwaukee Area Technical College (MATC) provides this Net Price Calculator as a tool for early financial planning for college. The calculator is an approximation of federal and state aid eligibility for students that plan to attend MATC. This is for your information only and it is not an application for financial aid.

Many factors are considered when awarding financial aid to students including, but not limited to deadlines, federal and state funding levels, and family financial circ*mstances. This calculator provides an estimate and it may not incorporate all possible awarding considerations. For example, scholarships that a student receives are not factored into this calculation or funding may become exhausted at certain times of the year and this could impact the cost of education.

A key component to determining aid is the Expected Family Contribution (EFC). Each year that you wish to be considered for financial aid, students/families will complete a Free Application for Federal Student Aid (FAFSA). Once the FAFSA is processed by the federal government, they calculate what they feel the family can pay toward college education for the year.

Use your EFC in the Net Price Calculator (NPC) and remaining information to estimate your award.

Important Points

1. This is an ESTIMATE and not your actual Financial Aid Award
2. Do not use EFC of 0 (zero) unless the calculator states you should use 0 (zero)

At MATC all financial aid grants, scholarships and loans will be disbursed to your student account starting the fifth week of the semester. If you are a new student at MATC, receiving a loan for the first time at MATC, you must have completed your Entrance Loan Counseling and Master Promissory Note before any loan funds will be sent to MATC.

For Entrance Counseling:https://studentaid.gov/entrance-counseling/

For MPN:https://studentaid.gov/mpn/

Your financial aid will not be disbursed before classes start.
We realize that having your books the first day of classes is vital to your academic success. You may be eligible to receive a book deferment if the MATC Financial Aid office has received your FAFSA and your financial aid has been awarded for the semester, or you have submitted all required financial aid documents to the MATC Financial Aid office. You are not eligible for a book deferment if your FAFSA has not been received. You can access the last date to purchase books on deferment by reviewing the Dates of Importance here.

It is for these reasons that it is important for you to complete your FAFSA application as early as possible to ensure that your financial aid has been awarded, so that you can get a book deferment and purchase books for your first day of classes.

You can access the financial aid disbursem*nt dates by reviewing the Dates of Importance here.

You can view the amount of financial aid that you were awarded by going to MyMATC here.

Are You Eligible to Receive a Financial Aid Refund?
Once your financial aid funds have been disbursed to your MATC student account, all charges that you have incurred at MATC will be deducted. These charges may include tuition, fees, book deferments, and other charges that you may have incurred. Any financial aid funds that are remaining after all of your charges have been paid are processedvia BankMobile in accordance with your chosen refund preference.

If you are eligible to receive a financial aid refund, the financial aid refund will be processed via BankMobile one (1) week after the financial aid has been disbursed to your MATC student account. You should be able to view your refund activity in the MATC Self-Service portal in Student Finance under Account Activity.

Tuition and Fee Information

Federal regulations limit the number of times a student may repeat a course and receive financial aid for that course.

• A student may receive aid to repeat a previously passed course one additional time.
• If a student retakes a course that is not aid eligible, a recalculation of aid is done to exclude the credits for the repeated course. This rule applies whether or not the student received aid for earlier enrollments in the course.

When you receive financial aid, you are subject to the 150% Rule. This rule means that if you attempt more than 150% of the credit hours needed to graduate from your program of study, you will not continue to receive financial aid. If you exceed 150% in any one program, you will not be eligible to continue to receive financial aid. All of the credits that you have ever taken at MATC or transferred to MATC, whether financial aid was used or not, are counted in this 150% rule calculation. If you have changed programs of study, all credits that you have ever taken at MATC or transferred to MATC are counted, whether they can be counted toward the credits you need to complete your program of study or not.

Once the MATC financial aid office becomes aware that a student cannot mathematically complete their program within the 150% time frame, the student's financial aid will be suspended.

Wisconsin Educational Opportunity Program
www.fastweb.com