Welcome to the Financial Aid & Veteran Services Office Information pages
On this website you will find much of the information you will need
including the types of aid, eligibility requirements, necessary forms
and deadlines.
What is Financial Aid?
Financial aid is money provided by federal, state and institutional
sources to help students meet expenses while attending post-secondary school. Many students
are finding it increasingly difficult to finance a college education without some
assistance, and you may be having a similar experience. Metropolitan Community College
financial aid programs are intended to help students who would be unable to attend the
College without such assistance. Metro is committed to providing information about financial
aid resources so that you may pursue your educational goals or upgrade your working skills.
In general, all U.S. Citizens and eligible non-citizens who are enrolled in an approved
degree or certificate program are eligible to receive financial assistance. Refer to the
student eligibility criteria listed on the front of the Free
Application for Federal Student Aid(FAFSA) page or go to the
Eligibility page.
What types of financial aid exist?
There are five types of financial aid:
Grants and scholarships are assistance you don't have to pay back. Federal Work-Study allows
you to work and earn money to help pay for school. Loans are borrowed money that you must
repay with interest. The
Federal
Student Guide provides greater detail on Federal Student Aid.
If you are a veteran, you may be entitled to financial aid benefits offered through The
Veterans' Administration. The Financial Aid and Veteran Services office provides advisory
services relating to such benefits and periods of earned entitlement.
Metro’s Financial Aid and Veteran Services Office offers a financial aid package
generally consisting of a combination of grant(s) (gift aid) and work-study employment
(self-help aid) to eligible students with demonstrated need. Aid is awarded as part of the
means for you to begin or continue your studies.
The office emphasizes "part of the means" because you and your family must make
maximum efforts to assist in meeting college expenses. The Financial Aid Office is able to
bridge only a portion of the financial gap that may exist between the cost of your
education and the money available to you from family, job earnings, savings and other
resources. The College participates in, or administers, all major federal and state grant
and loan programs. Our goal is to help students pay for their direct educational costs, such
as tuition, books & supplies and transportation.
How your 2006-2007 amount of financial aid is determined
Estimated cost of Attendance (COA)
Costs of tuition, technology service fees, books and supplies,
room and board, transportation, and personal expenses are use in determining the amount of
financial aid students will receive. The following student budgets are used to determine
cost of attendance for Metropolitan Community College students. These annual budgets, which
are for four quarters, are for students attending full time (12 credit hours) during the
College's academic year.
Actual living costs will vary depending on student dependency status, personal spending
habits, and other variables. The budgets listed below reflect minimal costs of living
incurred by the student while attending Metropolitan Community College.
Approximate yearly costs to attend Metropolitan Community College - 2006-2007
Resident living with parents |
Non-resident living with parents |
| Room & Board |
$3000 |
Room & Board |
$3000 |
| Personal |
3,004 |
Personal |
3,004 |
| Tuition & Technology Fee |
2,064 |
Tuition & Technology Fee |
3,024 |
| Books/Supplies |
1,800 |
Books/Supplies |
1,800 |
| Total |
$9,868 |
Total |
$10,828 |
| |
|
Resident not living with parents |
Non-resident not living with parents |
| Room & Board |
$5,400 |
Room & Board |
$5,400 |
| Personal |
3,004 |
Personal |
3,004 |
| Tuition & Technology Fee |
2,064 |
Tuition & Technology Fee |
3,024 |
| Books/Supplies |
1,800 |
Books/Supplies |
1,800 |
| Total |
$12,268 |
Total |
$13,228 |
Student Financial Aid Budgets
These budgets are used to calculate a student's eligibility for the
Federal Pell Grant, Federal Stafford Student Loan, Federal Supplemental Educational Opportunity
Grant (FSEOG), Nebraska Scholarship Act Grant (NSG), Federal Work-Study (FWS), and Board of
Governors Tuition Grant (BGTG). (To determine a quarter’s cost of attendance, divide the
annual budget figure by 4.)
* = FULL TIME AT 12 CREDIT HOURS
NOTE: Personal Expense items include such things as transportation, clothing, medical, telephone, utility,
insurance, household, entertainment, etc.
Determination of Need
The Financial Aid Office determines financial need by subtracting the
student’s Estimated Family Contribution (EFC) from the appropriate student budget. (See
student budgets above.) The Free Application for Federal Student Aid (FAFSA), which the student
submits to the Federal Processor is designed to provide this Estimated Family Contribution (EFC)
figure.
The purpose of Financial Aid grants is to meet, as much as possible, the student's financial aid
need, considering the funds that are available at the time of awarding. For more information
about the College’s awarding policy and procedures, visit any of Metro's
Financial Aid Offices.
For more information call:
Elkhorn Valley Campus Financial Aid Office 289-1203
Fort Omaha Campus Financial Aid Office 457-2703
South Omaha Campus Financial Aid Office 738-4503
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