Mitchell Technical Institute

Applying for Financial Aid

As soon as a student (and his or her parents if financially dependent) has completed a tax return(s) for the most recent year (or an accurate estimate of your previous yearÕs income), a free application for federal student aid should be completed. These forms may be obtained from any high school guidance counselor or the MTI Financial Aid Office.

The completed application form may be mailed to the processing center or submitted electronically on a personal computer with access to the Internet. The website can be found at: http://www.fafsa.ed.gov

Approximately three weeks after mailing the financial aid application or about 5 days after submitting it electronically, the processing center will send a student aid report (SAR). It is used to determine a student’s eligibility for need-based financial aid: the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), the Federal College Work Study Program, Federal Perkins Loan, Academic Competitiveness Grant (ACG), and the Federal Stafford Loan (GSL).

When the students receive their copy of the Student Aid Form, they should check the report for accuracy. If any information is incorrect, the students should contact the Financial Aid Office.

Upon acceptance to MTI, the Financial Aid Office will send an award letter indicating the amount of financial aid for which the student qualifies and from which specific sources funding will be granted. All students who are the recipient of a Title IV federal student loan for the first time must attend an entrance counseling session before they can receive any proceeds from that loan. Time and place will be announced at student orientation. First-time loan recipients may receive financial aid checks thirty days after the first day of classes. All other financial aid awards are available to students during the first week of classes. Returning students will generally receive all financial aid awards during the first week of classes.

Satisfactory Academic Progress Requirements
Students must show satisfactory academic progress to remain enrolled and to continue receiving financial aid. See Academic Information (will be a link) for details.

Certain students funded by outside agencies (eg. Veteran’s Affairs, BIA, etc.) will have their attendance monitored to assure compliance with that agency’s funding regulations.