EN ESPAÑOL

Financial Aid Available

There are four primary types of financial aid programs: 

  • Scholarships are free money you don’t have to pay back.
  • Grants are free money you don’t have to pay back.
  • Loans are money you do have to pay back.
  • Federal work-study is money you earn by working a job approved through the MATC CareerHub.  

Who Qualifies for Financial Aid?

To apply for most types of financial aid, you must:

  • Be a U.S. citizen, permanent resident, or other eligible non-citizen
  • Enroll in an eligible Associate Degree or Technical Diploma program
  • Be at least a half-time student (6 credits or more) for most funds
  • Maintain Standards for Academic Progress (SAP)
  • Take courses required to complete degree programs
  • Not be in default on a federal student loan or owe money on a federal student grant

Apply for Financial Aid

Filling out the Free Application for Federal Student Aid (FAFSA) is the critical first step in receiving federal student aid for each academic year. 

FAFSA funds are distributed on a first-come, first-serve basis, so complete the form as soon as possible. Once you submit the FAFSA, MATC Financial Aid Office will receive your application electronically within 3-5 business days.

To complete your FAFSA:

  1. Create a StudentAid.gov Account (Student and each contributor need to complete an account)
  2. Gather information required to apply for Federal Financial Aid
  3. Fill out and complete your FAFSA at fafsa.gov (MATC Federal School Code is 003866)
  4. Review and revise (if necessary) your FAFSA Submission Summary
  5. Estimate the amount of financial aid you could receive

Reminder: Filling out your FAFSA is FREE. Beware of fraudulent websites that want to charge you or ask for sensitive personal information.

View Your Award Offer

Once your financial aid package is determined, an award letter will be sent to your MATC student email. To view and accept your award, visit MATC Self Service

Please note: Your award is based on full-time status of 12 college credits. Award amounts are subject to change based on your enrollment status.

Getting Your Financial Aid or Refunds

All financial aid grants, scholarships and loans will be disbursed to your student account starting the fourth week of the semester. If you are a new student at MATC and receiving a loan for the first time at MATC, you must complete your Entrance Loan Counseling and Master Promissory Note (MPN) before any loan funds will be sent to MATC.

Once financial aid funds have been disbursed, all charges incurred at MATC will be deducted, including tuition, fees and books. Remaining funds will be refunded within 7 to 10 days via BankMobile.

Financial Aid Book Deferment

Having books on the first day of classes is vital to academic success. 
Books can be purchased using a financial aid book deferment. 

To be eligible, you must:

  • Have a valid Student Aid Index (SAI) from your processed 2024-25 FAFSA
  • Have received a MATC financial aid award
  • Be eligible for a financial aid refund. 

Note: Purchasing books using financial aid will reduce the amount of refund you will receive.

 

Need Help? Contact Us!

The MATC Financial Aid Office is staffed with dedicated individuals to help you with the financial aid process. 

Phone: 414-297-6282

Email: finaid@matc.edu

Zoom/Virtual: Get Help Now

U.S. Mail:
MATC Financial Aid Office
700 West State Street, Room S115
Milwaukee, WI 53233-1443


MATC Admissions Centers are available daily on each campus

Office Hours:

Monday: 8:00 a.m.-6 p.m.
Tuesday: 8:00 a.m.-6 p.m.
Wednesday: 8:00 a.m.-6 p.m.
Thursday: 8:00 a.m.-6 p.m.
Friday: 8:00 a.m.-4:30 p.m.
(Hours are subject to change without notice.)

Office Locations:

  • Downtown Milwaukee Campus, 700 West State Street, Room S115
  • Mequon Campus, 5555 West Highland Road, Welcome Center, Room A110
  • Oak Creek Campus, 6665 South Howell Avenue, Welcome Center, Room A208
  • West Allis Campus, 1200 South 71st Street, Welcome Center, Room 120

Video Assistance

These videos explain step-by-step how to create and use your studentaid.gov account, and how to complete your FAFSA.

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Create and Access Your StudentAid.gov Account video (link)

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How to Fill Out the Free Application for Federal Student Aid (FAFSA®) Form video (link)

start your 2024-25 fafsa form

Start Your 2024-25 FAFSA® Form (link)

Eligibility Requirements

Repeated Coursework

Federal regulations limit the number of times a student may repeat a course and receive financial aid for that course.

  • A student may receive aid to repeat a previously passed course one additional time.
  • If a student retakes a course that is not aid eligible, a recalculation of aid is done to exclude the credits for the repeated course. This rule applies whether or not the student received aid for earlier enrollments in the course.

The 150% Rule

When you receive financial aid, you are subject to the 150% Rule. This rule means that if you attempt more than 150% of the credit hours needed to graduate from your program of study, you will not continue to receive financial aid. If you exceed 150% in any one program, you will not be eligible to continue to receive financial aid. All of the credits that you have ever taken at MATC or transferred to MATC, whether financial aid was used or not, are counted in this 150% rule calculation. If you have changed programs of study, all credits that you have ever taken at MATC or transferred to MATC are counted, whether they can be counted toward the credits you need to complete your program of study or not.

Once the MATC financial aid office becomes aware that a student cannot mathematically complete their program within the 150% time frame, the student's financial aid will be suspended.