Federal Grants are are offered by the United States Department of Education.
Most Federal Grant programs are designed for undergraduate students attending college and are ineligible for those with a completed bachelor's or professional degree (including degrees received in a foreign country), and completing the equivalent academic program curriculum requirements.
Types of Federal Grants
There are the types of federal grants that you may be eligible for.
Key Financial Aid Dates in Chronological Order
January 28 (4:30 pm) – Pell Recalculation Date for Spring 2022
February 23, 2022 – Online request form opens for summer financial aid coverage.
April 1 – Priority Deadline for 2022-2023 FAFSA. (Apply by this date to be eligible for the greatest amount/types of assistance.)
May 6 – Deadline to accept State Grants for Fall 2021 or Spring 2022
June 10 (4:30 pm) – Pell Recalculation Date for Summer 2022
June 30 – Deadline to have FAFSA filed to be eligible for Summer 2022 Financial aid
July 29 – Deadline for filing is July 29th, 2022.
July 31 – Deadline to submit Summer 2022 Financial Aid online request form
August 12 – Deadline to submit verification documents (your taxes, parent’s taxes, etc.) for the 2021-2022 year
September 9, 2022 (4:30 pm) - Pell Recalculation Date for Fall 2022
If you must submit additional documents (your tax information, parent/spouse's tax information, etc.) for Financial Aid Verification for the 2021-2022 year, you must do so by August 12, 2022.
Policies and Requirements for Federal Grants
Madison College will automatically accept any federal grants on behalf of the student. You, as the student, must meet all other eligibility requirements, including an annual renewal of the FAFSA, beginning October 1 of each year.
Disbursement Information
We disburse funds to student accounts weekly, generally on Tuesdays. Some exclusions may apply. Funds are disbursed to accounts for which all documents have been received and processed. Disbursements occur each term after the Pell Recalculation Date (PRD).
No disbursement during the weeks between aid years (August 29, 2022 through September 9, 2022) or during Winter campus closure.
Steps After Receiving Your Financial Aid Notification Letter
- After receiving your Financial Aid Notification Letter in your student email, you will need to log in to your myMadisonCollege account and accept or decline your awards. Awards include both the fall and spring semester. The Financial Aid Office will automatically accept all grants and scholarships on your behalf. If you apply for Loans, you will have to accept or decline or change the amount on your own.
- Complete Entrance Counseling to better understand your responsibilities and obligations by borrowing student loans.
- Complete a Subsidized/Unsubsidized Master Promissory Note (MPN). The MPN is a legal document in which you are promising to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. You are only required to do this once every ten (10) years.
For more information on PLUS Loans, please visit studentaid.gov.