/Institutions/Mitchell-Technical-Institute/json/2018-2020/Catalog-and-Student-Handbook-local.json

/Institutions/Mitchell-Technical-Institute/json/2018-2020/Catalog-and-Student-Handbook.json

Applying for Financial Aid

As soon as a student (and their parents based on federal guidelines to determine dependent status) has completed a tax return(s), if filing, a Free Application for Federal Student Aid (FAFSA) can be completed at www.fafsa.ed.gov.

After submitting the FAFSA 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 Work Study Program, Federal Perkins Loan and the Federal Direct Subsidized Student Loan. When the student receives the electronic copy of the Student Aid Report, s/he should check the report for accuracy. If any information is incorrect, the student must make corrections at www.fafsa.ed.gov.

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 complete entrance counseling and a Master Promissory Note at www.studentloans.gov before they can receive any proceeds from that loan.

Financial aid awards are available to students fourteen days after the first day of classes. To contact the Financial Aid Office at MTI, call (605) 995-3052 or (800) 684-1969 toll-free.