Other Important Loan Information:

30-Day Delay

All first time student loan borrowers, with less then 30 credits completed at MCC or transferred in from another college, will receive their first loan disbursement no earlier than 30 days after the start of the semester. This applies to Stafford and Perkins loans.

Dual Disbursements

Federal student loans must be issued in two disbursement for your loan period. Full year awards will receive one disbursement in the Fall semester and one in the Spring. Students awarded for one semester only will receive two disbursement within that semester

Late Start Classes

For loan funds to be disbursed students must be registered in 6 credit hours that have starting dates the first week of the semester.  If you will not be actively enrolled in 6 credit hours until later in the semester, your financial aid check will be held until the starting date of the 6th credit hour.

Loan Award Amounts

MCC offers all loan awards for the maximum amount the student is eligible for.  These amounts can be affected by grade level, dependency status, other aid offered, VA educational benefits and loan funds received at other schools earlier in the same award year.  At your request, we will reduce the amount of your loans. Remember, one day you will have to pay them back.

Loan Cancellations

If your enrollment falls below 6 credit hours at MCC, all remaining loan disbursements will be canceled.

Contact us by email   Phone: 480-461-7441 or FAX: 480-461-7815