When you enroll at Madison College, all students are required to fill out a FAFSA every year beginning each October.

This is to ensure your financial aid will be able to cover your tuition and material costs. While it may seem daunting, Madison College will provide you with the resources you need to establish financial aid throughout your enrollment.

Financial Aid is determined by three main factors:

  1. Your application process
  2. Your enrollment status
  3. Your satisfactory academic progress during your enrollment

Enrollment Status

Your enrollment status is determined by:

  • Number of eligible credits you are enrolled in
  • Enrolled at least half-time. (6 financial aid eligible credits)
  • The Pell Recalculation Date types of aid, including state grants and student loans

Enrollment Status Types

Full-time = You are enrolled in 12 or more credits.

Three-quarter Time = You are enrolled in 9 to 11 credits.

Half-time = You are enrolled in 6 to 8 credits.

Less Than Half-time = You are enrolled in 1 to 5 credits.

Financial Aid Types

There is no one-size-fits-all type of financial aid. No matter your Enrollment Status, there are four different types of aid available to students: Grants, Loans, Work Study and Scholarships.

Within those types are numerous options that have their own unique requirements that students will have to meet before they are awarded the benefits:

Grants

Funds that are given to you by the federal and state government to help finance your education. Grants do not need to be repaid.

Federal Types and Requirements

Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Iraq or Afghanistan Service Grant, Children of Fallen Heroes

State Types and Requirements

Wisconsin Grant, Talent Incentive Grant, Minority Undergraduate Retention Grant, Indian Student Assistance Grant, Hearing/Visually Impaired Student Grant, Technical Excellence Scholarship, Academic Excellence Scholarship, Nursing Student Loan

Learn More About Grants

Loans

Borrowed funds that you will owe on a payment plan after leaving Madison College.

  • Direct Subsidized Loans
  • Federal Direct Parent PLUS Loan
  • Direct Unsubsidized Loans

Learn More About Loans

Work Study

A part-time job that will help supplement your finances throughout your enrollment.

Requirements and Types

Federal Work Study Program, Student Help

Learn More About Work Study

When to Apply for Financial Aid

Starting October 1 of each year, there are two FAFSA applications available. For aid eligibility, it’s important to complete the correct application.

2022-2023 Academic Year

(Fall 2022, Spring 2023, Summer 2023): To receive aid for Fall 2022 through Summer 2023, complete the 2022-2023 FAFSA using 2020 income and tax information.

Financial Aid Workshops

For more comprehensive information regarding the FAFSA, Madison College offers several workshops you can attend to learn how to fill out a FAFSA. You can see when the next workshop is closest to your area here.

Learn More and Register