Financial Need is a key component used by colleges to determine the maximum amount of financial aid you can be awarded for the academic year. Financial Need is the end result of a simple calculation that subtracts the Expected Family Contribution from MCC's Cost of Attendance.
Cost of Attendance - Expected Family Contribution = Financial Need
Using your Financial Need, we identify each financial aid award you're eligible to receive. Need-based aid sources include grants, scholarships, federal work study and loans.
Some financial aid sources are available without regard to Financial Need such as unsubsidized federal and private loans as well as Federal Veteran Benefits. Non-need-based aid eligibility is determined by subtracting any financial aid already awarded from MCC’s Cost of Attendance.
Cost of Attendance - Financial Aid Awarded = Non-need-based eligibility