Students enrolled in the Mount’s graduate programs may seek assistance through federal and state-funded programs. To qualify for financial aid, students must be enrolled on at least a half-time basis, i.e., at least three (3) credits per semester. Most financial aid will be in the form of deferred student loans, though some students may be eligible to receive state scholarships and/or grants.
CONTACT FINANCIAL AID
Hours: Mon.-Fri.: 8:30 a.m.-5 p.m.
Applying for Financial Aid
REGISTERING FOR CLASSES
Students interested in receiving financial aid need to plan accordingly. Because enrollment status is critical to this process, students should map their coursework on at least a semester basis. This means preregistering for all courses they intend to take in the semester’s modules.
COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)
This form can be completed at www.fafsa.ed.gov. First-time applicants must register for an FSA ID before submitting the FAFSA. It typically takes two to three days to receive the ID, which serves as an electronic signature. To apply for your FSA ID, go to www.fafsa.ed.gov and click on the icon at the top of the page that says FSA ID. The Mount's Title IV School Code is 002086. Please understand that this form must be sent to the Federal Processing Center first and takes three to four days to be processed. The FAFSA needs to be completed each academic year (July 1 through June 30).
FINANCIAL AID AWARD LETTER EMAILED
Once the financial aid office receives your FAFSA and has been notified that you are enrolled at least half-time for a semester, we will email an award letter that will list your aid eligibility for the semester. Typically, fall semester award letters will start to be emailed in mid-July. Spring semester letters will be sent starting in November, and summer letters in April. The email will be sent to your Mount email account.
COMPLETE THE DIRECT LOAN MASTER PROMISSORY NOTE AND ONLINE ENTRANCE COUNSELING
First-time borrowers must complete a Direct Loan Master Promissory Note and Direct Loan Entrance Counseling. The FSA ID used for the FAFSA is required to complete this step. Both of these steps must be completed online.
SIGN AND RETURN THE FINANCIAL AID AWARD LETTER
Upon receipt of the Financial Aid Award Letter from the Financial Aid Office, complete, sign and return the Direct Loan Certification form on the award letter to the Financial Aid Office.
Students selected for federal verification will be required to submit appropriate paperwork to the Financial Aid Office. Federal aid cannot be processed until the verification process has been completed.
Students are reminded that any change in enrollment status or the addition of any outside aid may affect their eligibility for federal funds and prompt a revised award letter to be sent.
Disbursements and Refunds
In addition to your financial aid eligibility, your award letter also provides estimated disbursement dates for your federal aid. This is the anticipated date that your loans and grants will be transferred to your tuition account. Any excess financial aid will be refunded to you by the Accounting and Finance Office within the next 14 business days after the disbursement date.
Students who wish to receive aid for courses they are concurrently taking at another institution, or who need to use outside credits in order to maintain their enrollment status for student loan deferment, must seek prior approval for the courses from their Mount advisor. Upon receiving such approval, the student should then initiate the process by downloading the Consortium Agreement (.pdf). Federal regulations prohibit a student from receiving financial aid from more than one institution at a time.