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How do I contact the Financial Aid Office?
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1. Telephone (573) 518-2133
2. Fax (573) 518-2305
3. Email: FinAid@Mineralarea.edu
4. Physical Location – Student Service Office – Lower Level of Arts & Sciences Building just off the Concourse Area
5. Website: www.Mineralarea.edu
Financial Assistance
6. Office Hours: Mon-Thurs: 7:30 a.m.-5:00 p.m.; Fri: 7:30 a.m.-4:00 p.m. (close at 4:00 p.m. during Summer)
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Where can I get information today?
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Red Orientation Booklet – Section Titled, “Financing College” - Financial Aid Office after meeting with Advisor - The student must accompany the parent in order to get specific information related to Financial Aid - Students may sign a Release of Information Form in the Financial Aid Office so that parents may receive specific information - Financial Aid Guide (available in the Financial Aid Office or online at the Financial Assistance portion of our website) - Forms Rack Outside the Financial Aid Office
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What financial assistance programs are handled by the Financial Aid Office?
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Pell Grants, SEOG Grants, Missouri Grants/Scholarships, A+ Benefits, Stafford Student Loans/Parent PLUS Loans, Scholarships, Vocational Rehabilitation, Workforce Investment Act (WIA), Trade Readjustment Act (TRA), Veteran’s Benefits (GI Bill, VA Voc-Rehab)
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How do I apply for Aid?
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Completion of the Free Application for Federal Student Aid (FAFSA) annually is the first step in the process. This application may be completed online at www.fafsa.ed.gov. List the School Code for MAC 002486 so that we receive your financial aid information.
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What happens next?
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If you provided an email address on the FAFSA Form, you will receive a Student Aid Report (SAR) through your email. If you did not provide an email address on your FAFSA Form, you will receive a paper SAR at your mailing address.
Review the information on your SAR for accuracy. If corrections need to be made, you may make the corrections yourself at www.fafsa.ed.gov or you may contact the Financial Aid Office to assist you in making corrections.
Approximately one-third of all FAFSA Applicants will be asked to provide verification of the information that they submitted. You may receive a letter from the Financial Aid Office at Mineral Area College requesting that you complete a Verification Worksheet and provide copies of yours and your parents Federal Income Tax Return. If you are selected for verification, your financial aid cannot be processed until you have provided the requested information.
If you have special circumstances that will impact your current income (i.e., change in jobs; lay off from employment; high medical/dental bills not covered by insurance; loss of income) please notify the Financial Aid Office to request a Professional Judgment recalculation.
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How will I know how much Financial Aid I have been awarded?
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Once your financial aid has been fully processed, you will receive a Mineral Area College Award Letter listing all non-repayable grant aid that you have been awarded.
Stafford Loans/Parent PLUS Loans and College Work Study Programs require separate applications. Read the Award Letter carefully as well as the Rights & Responsibilities information included with the Award Letter.
NOTE: A new Award Letter will be sent anytime there is a change in your award package.
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How will the Business Office know about my Financial Aid?
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The Business Office is notified at the same time that you receive your Financial Aid Award Letter or Scholarship Award Letter from Mineral Area College. If you register for classes BEFORE you receive your Mineral Area College Award Letter, you will be considered a self-pay student and subject to the payment policy established by the Business Office.
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How do I let you know that I am eligible for A+ Benefits?
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You should complete an A+ Activation Form annually in the Financial Aid Office.
Upon your graduation from High School, ask your High School Counselor/A+ Coordinator to mail an official academic transcript containing the A+ Seal to the Admission’s Office at Mineral Area College.Complete the FAFSA Form annually.
Once we have all of the information that we need, you will receive a copy of the A+ Activation Form back in the mail marked “Approved”. If you register for classes BEFORE you get this approval form back in the mail, you will be considered a self-pay student and subject to the payment plan as established by the Business Office.
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What happens if I have to drop out of school?
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All students who receive Federal and/or State Student Financial Assistance are required to complete 2/3 of attempted coursework each semester AND maintain a minimum 2.0 (A=4.0) cumulative grade point average. Failure to meet these requirements after the first semester, will cause the student to be placed on Financial Aid Probation. Students may still receive financial aid while on probation but failure to meet minimum academic requirements a second time will cause the student to be place on Financial Aid Suspension and the student will no longer be eligible for financial aid at Mineral Area College. Students with extenuating circumstances are encouraged to submit a letter of appeal to the Financial Aid Director for review. Students who totally withdraw or are totally withdrawn for excessive absence prior to the 9th week of any semester are subject to the Return of Title IV Aid Policy and will be required to repay a portion of the financial aid that they have received for that semester. Students who remain in attendance through the 9th week of the semester but later withdraw from college will not be required to repay any portion of their federal financial aid.
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