Archives: FAQs

Traditional students : The payment period for traditional students follows the semester schedule of fall, spring, and summer. (SP, FA, SU) Online and graduate students: A financial award year consists of four terms. A full-time student will have two classes per term. Financial aid is processed and disbursed per term. UG – S1 is Spring 1S2…

All students will receive their first disbursement of financial aid approximately 4-6 weeks after the start date of the first course in their term or semester.

Subsidized loans do not accrue interest while a student is enrolled at least half-time in a degree-seeking program. Upon dropping below half-time enrollment, interest will begin to accrue. On the other hand, an unsubsidized loan begins accruing interest immediately regardless of a student’s enrollment status.

The Department of Education requires schools that disburse Title IV funding (financial aid) to verify a certain percentage of submitted FAFSA applications. This should not in any way be contrued as suspicion or doubt on MACU’s part or that of the Department of Education. The FAFSA can be a difficult form and mistakes are very…

Because eligibility for student aid does not carry over from one academic year to the next, students need to fill out the free application for Federal Student Aid (FAFSA) for each award year in which you are or plan to be a student. 

A Federal Student Aid ID serves as your identifier to let you access your personal information in various U.S. Department of Education systems. A FSA ID is required to complete a FAFSA.  Set Up FSA ID

Completing your FAFSA is the first step in the financial aid process. It will take seven days to process your form and send you a Student Aid Report (SAR) once all required signatures are received. Your SAR will summarize the data you report on your application. Check this information carefully to make sure it is…

You can reach the MACU Financial Aid Office at 405-692-3204.