The EFC is calculated by the Department of Education so that your college candetermine how much financial aid assistance youre eligible for. The lower your EFC, the more need-based aid you may be eligible to receive.
Your EFC determines the type and amount of loans, subsidized or unsubsidized, that are available to you. The difference between these two types of loans is when interest begins to accrue. For subsidized loans, interest does not begin to accrue until six months after graduation, but for unsubsidized loans, interest accrues from the date the loan is disbursed.
The priority deadline to submit the Free Application for Federal Student Aid (FAFSA) is April 15for the Fall term and November 15for the Spring term. We encourage you to apply as soon as your taxes are completed due to some funds being limited andawarded based on eligibility criteria and the FAFSA submission date.
After your FAFSA is submitted with MTC 's school code (003993), you will receive a Student Aid Report (SAR) from the Office of Federal Student Aid. The SAR is a summary of your FAFSA submission and will arrive three days to three weeks after your submission. MTC will receive the same information in the form of an Institutional Student Information Record (ISIR). The Office of Student Financial Services will review the information to determine what types of financial aid you are eligible to receive, then notify you to log into MyMTC. From MyMTC, you can access MyFinancialAid to accept or decline your award(s) from the 'Checklist'. Within MyFinancialAid, you will also be able to manage your Financial Aid package from submission to completion. Thetypes of aidyou have been awarded for the academic year will be listed on the My Awards page and award letter. You must read the entire Award Letter to ensure that you understand all of the requirements to maintain the awards.
The IRS Data Retrieval Tool allows students and parents to access the IRS tax return information needed to complete the FAFSA, and transfer the data directly into their FAFSA form from the IRS website. If you are eligible to use the IRS Data Retrieval Tool, we highly recommend using it for several reasons: 1) It's the easiest way to provide your tax data. 2) It's the best way of ensuring that your FAFSA has accurate tax information. 3) You won't need to provide a copy of your or your parents' tax returns to your college.
If you are selected for verification, you will be notified by email at your MyMTC email address. We will indicate the documentation you need to provide. You can bring your documents into the Student Financial Services office or send them by mail.
If you are selected for verification, we are required to verify the accuracy of the tax data submitted, therefore you will need to use the IRS Data Retrieval Tool or submit an IRS Tax Transcript or a signed Federal Tax Return (1040 Form).We recommend that you update your FAFSA by using the IRS Data Retrieval Tool to electronically transfer your tax information into your FAFSA.Check out thisvideo that walks you through the process, or view these step-by-step instructions onhow to use the IRS Data Retrieval Toolandhow to obtain an IRS Tax Transcript.
Personal copies of tax returns are not accepted, so if you are not eligible orchoose not to use the IRS Data Retrieval Tool, youll need to get a tax transcript from the IRS.Get instructions for how to request a tax transcript.
Non-tax filers may request a Verification of Non-filing Letter from the Internal Revenue Service by completing Form 4506-T, Request for Transcript of Tax Return, and mail it to the address indicated on the form or fax it to the number indicated. Form 4506-T is available above under 'Forms.'
At heart, were a forward-thinking, proactive college that believes in real-world experiences and hands-on training in a diverse atmosphere. We are redefining what a technical college is, through the range of programs we offer, partnerships with local employers, and facilities with high-tech equipmentincluding some you wont find anywhere else in the state.
Midlands Technical College is here to help you turn your business idea into the next successful business in the Midlands. Through the Center for Entrepreneurial Success (CES), we will help you navigate the difficult, and often complex, path of taking your idea and turning it into a sustainable and profitable venture.
The CES is open to current and future MTC students, faculty, staff, and the MTC community. If you have passion, a strong work ethic, and good ideas, you will benefit from the CES and have the opportunity to start your own business while youre still in school.
OurCESprovides an entrepreneurial toolbox to help you thrive as a business owner by leveraging people, services, and technology of both Midlands Technical College and the community of entrepreneurs in the Midlands.
After graduating in the top 15% of Boiling Springs High School in Spartanburg, Justin wanted to find a place that worked for him. After one visit to Midlands Technical College, where he saw how nice everyone was and how much he could save before transferring, he decided to make the move to Columbia.
The governing board of Midlands Technical College is the Midlands Technical College Commission. These 13leading citizens are appointed by the governor, upon the recommendation of their respective legislative delegations, to serve as trustees for the college.
