Financial Aid

Room: S2030 & Windows

Phone: 972-587-2599 Call Center

Website: mountainviewcollege.edu/finaid


Financial Aid Services ensures all individuals meeting requirements have access to financial resources to pay for college. The primary function of Financial Aid Services is to manage and disburse federal, state, and private funds to students in compliance with all applicable rules and regulations.

The Financial Aid Office (FAO) at Mountain View College, under the administrative leadership of the District Office, administers grants, scholarships, work-study, and loans for students. This aid is from federal, state, DCCCD and institutional sources and is awarded based on need. Grants and scholarships do not need to be repaid. Work-study is on-campus employment, and loans are required to be repaid upon completion of the student's degree program, or when the student drops below half-time enrollment.

 

Eligibility requirements for financial aid

The primary eligibility requirements students must meet in order to receive aid include: enrolling in at least six hours in a degree or certificate program; demonstrating need; being a U.S. citizen; and maintaining satisfactory academic progress as defined by the FAO. In addition, students are required to complete the printed Free Application for Federal Student Aid (FAFSA) or the electronic application at www.fafsa.ed.gov. Questions about the FAFSA application can be directed to the U. S. Department of Education at 1-800-4FED-AID or the MVC FAO. Approximately 2-4 weeks after completing the eligibility requirements and receiving the FAFSA results, the FAO will send the student a letter detailing the student's eligibility for aid.

Grants

The major grant programs available at MVC include the Federal Pell Grant, the Federal Supplemental Educational Opportunity Grant (PSEOG), the Texas Public Education Grant (TPEG), the State Student Incentive Grant (SSIG) and the Toward Excellence Access and Success Grant (TEXAS). Students must meet the general eligibility criteria listed above and complete the FAFSA application to be considered for all grants at Mountain View. In addition, Mountain View's grant program funding is limited and generally awarded to early applicants. Students are encouraged to complete their FAFSA application by May 1 to increase their likelihood of receiving a grant(s) for the upcoming fall and spring terms.

Scholarships

The DCCCD Foundation Office makes available FAO Controlled, Foundation Controlled and Department Controlled scholarships for students attending any of the seven DCCCD campuses. All Foundation Scholarships require a minimum of six hours and at least a 2.0 GPA. To be considered for a Foundation Scholarship, students must submit a Foundation Scholarship application to the Mountain View FAO by the advertised deadline. In addition, the office administers some MVC institutional scholarships. Students should contact the Mountain View FAO to determine scholarship criteria and application instructions.


 College Work-Study

The College Work-Study Program is designed to provide students who are eligible for financial aid an opportunity for employment that will help offset the cost of attending college. It also provides a meaningful work experience that enhances the student's education and makes a positive contribution to the student's learning experience for future employment. Employment referral is available to students year-round; however, most job assignments are filled during the first two weeks of the new academic year. This employment is continuous throughout the academic year.

Federal Loans

Mountain View College participates in the Federal Family Education Loan Program (FFELP) referred to as FFELP Stafford/FFELP PLUS Loans or Federal Stafford/Federal PLUS Loans. In the FFELP, the lender is a bank, credit union, or other participating private lenders.

Stafford Loans

Stafford Loans, unlike grants or college work-study, are borrowed money that must be repaid with interest. These are real loans – just like car loans or mortgages. You cannot have these loans cancelled because you didn't like the education you received or because you are having financial difficulty. These loans are a serious obligation, so think about the amount you'll have to repay over the years before you take out a loan. Interested students can inquire at the Financial Aid Office to find out more about the application process.

Federal Subsidized Stafford Loan

This loan is awarded on the basis of financial need. You won't be charged any interest before you begin repayment or during deferment periods. The federal government "subsidizes" the interest during these periods.

Federal Unsubsidized Stafford Loan

This loan is not awarded on the basis of financial need. You will be charged interest from the time the loan is disbursed until it is paid in full. If you allow the interest to accrue (accumulate) while you are in school or during periods of nonpayment, it will be capitalized. This means that interest will be added to the principal amount of your loan, and additional interest will be based on that higher amount.