Financial Aid Assistance for those who qualify
More Tech Institute is a Title IV institution authorized to provide access to financial aid assistance to students who qualify.
MTI encourages all enrolling students to speak with one of our financial aid offices to get assistance applying for the Free Application for Federal Student Aid application to learn what types of assistance they may qualify for.
Financial Aid For Those Who Qualify
Basic qualification criteria:
- Have a high school diploma or GED diploma;
- Be enrolled as a regular student in an eligible program of study;
- Be a U.S. citizen or eligible non-citizen or the correct G-845;
- Satisfactory academic progress toward completion of the program;
- Not to be in default or owe a refund to any Title IV program;
- Have the applicable financial aid forms filled and signed;
- Registered (if you haven’t already) with the Selective Service, if you’re a male between the ages of 18 and 25;
- Demonstrate financial need.
For a more detailed explanation of the FASFA qualifications,
visit https://studentaid.gov/understand-aid/eligibility
How to complete the Free Application for Federal Student Aid
It is your responsibility to submit all the required material by the announced deadlines (June 1).
Prospective students are encouraged to apply early for priority consideration. Applicants should not wait for an admission decision before applying for financial aid. Admission decisions are made independent of financial aid decisions.
Free Application for Federal Student Aid (FAFSA)
For financial aid consideration, applicants need to complete the Free Application for Federal Student Aid (FAFSA) or a Renewal FAFSA.
The Department of Education has issued a PIN code to all continuing financial aid recipients who filed a FAFSA for the current 2017-18 academic year.
The PIN is used to access, complete and electronically sign the renewal FAFSA on the web at www.fafsa.ed.gov as well as to view your federal loan history at www.nslds.ed.gov. Instructions on filing the renewal FAFSA on the web will be included with your PIN mailer. Please be sure to save your PIN number since it can be used to view the status and results of your processed FAFSA as well as to make corrections to your Student Aid Report.
If you have not received your PIN, or if you did not apply for financial aid for the 2017-2018 academic year but want to for 2017-2018, you can either request a PIN at www.pin.ed.gov, file a new FAFSA online at www.fafsa.ed.gov, or file a paper FAFSA. Paper FAFSA's are available at the Financial Aid Office.
Students eligible to receive Direct Loan(s) have the responsibility of completing the Entrance Counseling and the Master Promissory Note before the start of class, and the Exit Interview before the last day of attendance advised by the Financial Aid Department.
Notification of Financial Aid Awards
Students are notified of their Federal Pell Grant eligibility through a Student Aid Report (SAR). The Institutional Student Information Record (ISIR) is electronically transmitted directly to the Institute by the federal processor.
The U.S. Department of Education employs a uniform formula to evaluate the information contained on the student aid application and to determine the index of need. In order to receive an award, the ISIR must be reviewed and eligibility confirmed by the Financial Aid Office.
If the student feels that the awards do not cover his or her needs, the student should consult with the institute’s Financial Aid Officer.
Disbursement Procedures
Awards will be made in accordance with the award letters issued by the Office of Financial Aid. Financial Aid awards will be disbursed electronically and will be applied to each student‘s account.
Net Price Calculator
The calculator is intended to provide an estimated net price information (defined as the estimated cost of attendance — including tuition and required fees, books and supplies, room and board (meals), and other related expenses — minus estimated grant and scholarship aid) to current and prospective students and their families based on what similar students paid in a previous year.
Any information that you provide on this site is confidential. The Net Price Calculator does not store your responses or ask for personal identifying information of any kind.
By opening the calculator, I acknowledge that the estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate based on the cost of attendance and financial aid provided to students in a previous year. Cost of attendance and financial aid availability change year to year. The estimates shall not be binding on the Secretary of Education, the institution of higher education, or the State.
Helpful sites to learn more about the Federal Financial Aid process
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Financial Aid Assistance
The financial aid assistance programs are supported by the U. S. Department of Education.
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