Skip To Content

Changes to Financial Aid Refunds Effective July 1, 2016

Effective July 1, 2016, new regulations issued by the US Dept of Education will affect the way students receive their financial aid refunds. 

 Beginning May 16, 2016, we will no longer issue refunds using your MAC Discover debit card. Refunds include excess financial aid (Loans, Pell Grants, etc.), textbook buybacks, and cash overpayments. The refunds are issued every Friday.

We will offer the following two options for issuing refunds:

Option 1 (recommended): Direct Deposit to your bank account. (complete the online form available on MyMAC by going to the "My Account Info" tab, under "Quick Links" (to the left), select "Student Direct Deposit Form".)

Option 2: Receive your refunds via paper check. To review both options in detail, log on to MyMAC, go to the "My Account Info" tab, look at column on the right of the page entitled "Refunds".

If you have questions or need more information, please contact the Business Office at 573-518-2232 or by email at busofc@mineralarea.edu OR the Financial Aid Office at 573-518-2133 or by email at finaid@mineralarea.edu.

Have a great Summer!

Summer 2016 Financial Aid

Below is information for students who are interested in applying for financial aid for the upcoming Summer 2016 Semester at Mineral Area College.  This information is also applicable to graduating high school seniors.

Pell Grants - 

  1. Have a 2015-2016  FAFSA on file and processed by Mineral Area College; AND
  2. Be eligible for a Pell Grant; 

AND

       3.  Not Enrolled or enrolled less than full time for either the Fall 2015 or Spring 2016 Semester; 

AND     

       4.  Not on Financial Aid Suspension; 

AND

       5.  Not have graduated prior to the Summer 2016 with a certificate or degree.

 Summer Pell Grant Application is located on MyMAC under the MyFinancial Aid Tab.  

Student Loans - 

1.  Have a 2015-2016 FAFSA on file and processed by Mineral Area College; 

AND

2.  Have not borrowed in excess of the annual loan limits; 

AND

3.  Not on Financial Aid Suspension; 

AND

4.  Not have graduated prior to the Summer 2016 with a certificate or degree.

Information on how to apply for a Student Loan can be found on MyMAC under the MyFinancial Aid Tab.

A+ Program - 

1.  Have a 2015-2016 FAFSA on file and processed by Mineral Area College; 

AND

2.  The Admissions Office has received the Final High School Transcript with the A+ Seal attached; be degree seeking at MAC (not a visiting student for Summer Only)

AND

3.  Have not met the requirements for an Associate Degree or surpassed 105% of the credits required to complete an Associate Degree; 

AND

4  Not on A+ Suspension; have a minimum 2.5 cumulative grade point average; 

AND

5.  Enroll in a minimum of six (6) credit hours for the Summer 2016 Semester at Mineral Area College.

A+ Activation Form is available on MyMAC under the MyFinancial Aid Tab.

Eligible students will receive an Award Notification via MAC Email if they are eligible for Summer Financial Aid and will be able to view those awards on MyMAC.  The Summer Financial Aid Awarding process will begin on Monday, February 22, 2016 and will continue through the first week of the Summer Semester.  

Questions may be addressed to the Financial Aid Office at 573-518-2133 or by emailfinaid@mineralarea.edu.

 

2015 2016 Financial Aid Awards

2015-2016 FINANCIAL AID AWARDS
 
The Financial Aid Shopping Sheet (Award Letter) will be emailed to all students who are eligible for a Pell Grant.  Notification of any changes to the award package for 2015-2016 will be sent via MAC Email as well.
 
Students who are selected for verification will be notified via MAC Email.  The email will contain a link to the Verification Portal and all verification documents will be uploaded electronically to this portal.
 
Your patience is appreciated as we work to process aid as quickly as we can.
 
Please be aware that:
 
Admissions paperwork must be completed and final acceptance received before aid can be processed;
  
Financial Aid Awards are based on full-time enrollment; less than full-time enrollment may impact the amount of aid you are eligible to receive;
 
Financial Aid awards are subject to adjustment based upon changes in Federal/State regulations.
 
If you have questions, please contact the Financial Aid Office at 573-518-2133 or by email at finaid@mineralarea.edu..
 
Thanks!
You are not authorized to use this portlet; It is only available to users in certain roles within the portal.
You are not authorized to use this portlet; It is only available to users in certain roles within the portal.

Summer 2016 Financial Aid Disbursements

We will begin Summer 2016 Financial Aid Disbursements on Thursday, June 23, 2016.  This first disbursement will include Pell Grants/SEOG and the 1st 1/2 of Loan Disbursements for students whose aid package was completed and Award Email Sent on or before June 10, 2016.

The 2nd 1/2 of Loan Disbursements will begin June 30, 2016.

Students whose aid package was completed and Award Email Sent after June 10, 2016, will be disbursed at the first available disbursement date according to the following schedule.  

*The Disbursement Schedule Listed Below is Subject To Change Without Notice So Please Check Back Frequently for the Most Up To Date Information.*

Students who have signed up for direct deposit -

June 23, 2016 

June 30, 2016

July 8, 2016

July 15, 2016

July 22, 2016 NO DISBURSEMENTS

July 29, 2016 LAST DIRECT DEPOSIT DISBURSEMENT DATE FOR SUMMER 2016 SEMESTER.

 

**STUDENTS WHO WISH TO HAVE THEIR DISBURSEMENTS DIRECT DEPOSITED TO A BANK ACCOUNT MAY STILL COMPLETE THIS PROCESS THROUGH 6/21/2016 FOR THIS FIRST DISBURSEMENT RUN.  THE FORM IS LOCATED ON THE MYACCOUNT TAB IN MYMAC.  CONTACT BUSINESS OFFICE AT MACBUSOFC@MINERALAREA.EDU OR 573-518-2232 FOR ADDITIONAL INFORMATION. 

Disbursement Dates for Students who have chosen to have a check issued OR who have not signed up for direct deposit - Students may pick up their checks at the Business Office between the hours listed below.  Students may also call and request that their check be mailed anytime after it is available.

June 24, 2016 from 8-3 p.m.

June 27, 2016 from 8-6:30 p.m.

June 28, 2016 - Checks Not Picked Up Will Be Mailed

July 1, 2016 from 8-3 p.m.

July 5, 2016 from 8-3 p.m.

July 6, 2016 - Checks Not Picked Up Will Be Mailed

July 11, 2016 from 8-6:30 p.m.

July 12, 2016 from 8-3 p.m.

July 13, 2016 - Checks Not Picked Up Will Be Mailed

July 18, 2016 from 8-3 p.m.

July 19, 2016 from 8-3 p.m.

July 20, 2016 - Checks Not Picked Up Will Be Mailed

July 25, 2016 - NO DISBURSEMENTS

August 1, 2016 from 8-3 p.m.

August 2, 2016 from 8-3 p.m.

August 3, 2016 - Checks Not Picked Up Will Be Mailed

 

If you have questions, please contact the Financial Aid Office at 573-518-2133 or by email finaid@mineralarea.edu.

 

2016-2017 Financial Aid Award Notifications

The Financial Aid Office has begun processing 2016-2017 FAFSA information.  Emails are being sent to students via their MAC Email Account if they are required to supply additional information or complete the student verification process.

The financial aid notification of awards will begin at the end of April for the 2016-2017 Academic Year (Fall 2016/Spring 2017).  Students who are eligible for a Pell Grant will be sent the Financial Aid Shopping Sheet which will list their award(s).

Notification of any changes to the award package for 2016-2017 will be sent via MAC Email as well.
 
Students who are not eligible for a Pell Grant will also receive a  notification via their MAC Email Address and upon receipt of this notification, may complete the 2016-2017 Student Loan Program process should they wish to do so.
 
 Please be aware that:
 Admissions paperwork must be completed and final acceptance received before aid can be processed;
  
Financial Aid Awards are based on full-time enrollment; less than full-time enrollment may impact the amount of aid you are eligible to receive;
 
Financial Aid awards are subject to adjustment based upon changes in Federal/State regulations.
 
If you have questions, please contact the Financial Aid Office at finaid@mineralarea.edu or 573-518-2133, we will be happy to help!
 
 

 

 

 

 

 

 

 

2015-2016 Award Year

Average Cost of Attendance information is provided for budgeting purposes only.  Please refer to the Award Notification sent to the students' MAC Email Address for a more thorough explanation of the difference between direct costs and indirect costs.

If you have questions or need more information, please contact the Financial Aid Office at finaid@mineralarea.edu or by phone 573-518-2133.

Thanks!