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:
- Your application process
- Your enrollment status
- Your satisfactory academic progress during your enrollment
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.
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.