Cost & Aid Deadlines

Dates of Importance

Financial Aid Calendar – Academic Year for 2021-2022 Important Dates

The FAFSA opens October 1, 2022 for the 2023-2024 school year.

Filling out the FAFSA is a critical first step in receiving Federal student aid (including grants, loans and work study) for the 2023-2024 school year. Because FAFSA funds are distributed on a first -come, first- serve basis you will want to complete the form as soon as possible.

Financial Aid Census Date
Financial aid payments will be disbursed based on the number of credits that you are enrolled in on the census date. After this date, adjustments will not be made if you add credits. You are highly encouraged to register for all classes for the semester prior to the census date as no award adjustments will be made to your financial aid if you add courses after the census date.

Your financial aid award will be recalculated for any class(es) that are recorded as "dropped" (D/DI) or "withdrawn" (W) and the reason is "never attended." You may be required to repay the financial aid that you receive if you drop a class(es), your instructor drops your class(es), you never attend a class(es) and/or if you discontinue attending a class(es). Students are advised to confirm their enrollment status in each of their courses prior to the financial aid census date.

Summer 2022 (SU22) Census Date: June 22, 2022

Financial aid credits must count toward the completion of your program to be eligible for financial aid as outlined in the MATC course catalog (Degree Audit). After registration, students will be notified when a course(s) is not eligible to be paid for by financial aid funds and will need to check with their Pathway advisor regarding required courses for degree completion. This information/indications should also be displayed under Advising and Student Finance - Account Activity on the MATC self-service portal.

Financial Aid End of the 60% point of each class/semester (will vary based on individual class schedule)
If you withdraw or your instructor withdraws you from all of your classes before the 60% point of your class/term, you may be required to repay a portion of the financial aid funds you received. Total withdrawal after this date will not require repayment, unless the withdrawal reason was "never attended" or the last date the instructor reports you attended the course was prior to the financial aid census date or prior to the end of your 60% attendance for the class/term.

Financial Aid Disbursements
Initial grants, scholarships and loan disbursements are made as indicated in the above schedule. Any funds that are remaining after all your charges have been paid will be refunded to you. If financial aid does not cover the entire amount owed to MATC, you are responsible to pay any remaining balance. If you have a prior academic year outstanding balance, only $200.00 can be deducted from your current academic year refund. Please pay any remaining outstanding balances immediately.

¹ Updated 6/04/2020 and dates are subject to change without notice
² Note that loans will be paid in two equal payments each term