The financial aid process can be a scary, complicated thing. At BTC, we try to make it as painless as possible and walk you through every single tiny step along the way. Before signing up for classes, you’ll sit down with our financial aid representative and go step-by-step through the whole checklist so you don’t forget or miss anything. Our goal is to get you on your way to a great education…not wading through a sea of paperwork and unanswered questions. In the steps following, we give you a brief overview of what it’s like to submit your financial aid paperwork so you have an idea of what to expect when you meet with us to go over the process. If you’re at all confused or overwhelmed by any of this, please pick up the phone and call us at 417.777.5062 to make an appointment to see our financial aid representative. We can answer any questions you may have and walk you through the process much easier in person as well as point out any additional grants or scholarships you may qualify for! It’s a win-win for everyone!
Before we begin, let us explain a couple of things. Any time you see the term “financial aid”, that just means any money aside from what comes out of your own pocket to pay for college. There are many types of financial aid – some that you have to pay back, some that you don’t.
The first step in submitting your financial aid paperwork is to complete a FAFSA online at www.fafsa.ed.gov. The FAFSA is for federal financial aid, also known as Pell grants, student loans, work study, etc.
When you fill out the FAFSA, make sure that you include our school code (035793 – it will show as Texas County Technical College) so we can get your FAFSA information. This will enable us to determine what financial aid you are eligible for. We should receive your FAFSA information within 6-7 business days. Write your FAFSA “pin code” down as you will need this for all future financial aid activity. It is a four digit code that will be given to you when you complete the FAFSA online.
You can complete a FAFSA at any time.However, applying on or before February 1st could make you eligible for priority state financial aid. There will be a second round (if funds are still available) with a deadline of April 1st.
After you have completed the FAFSA and have had an enough time for us to receive your FAFSA information (approx. 6-7 days), we can begin “looking” at what financial aid may be available to you.
Call us at (417) 777-5062 to schedule an appointment to come in and talk with a financial aid representative.
After you have completed the FAFSA, have talked to a financial aid representative, and have been accepted into the college, the following steps are required to complete your financial aid.
• If you’re applying for a Pell grant, you don’t need to fulfill any more application requirements. Completing the FAFSA was the requirement for the Pell grant application.
• If you are planning to apply for a federal student loan, there are 3 items that must be completed. Those items are: completed entrance counseling online, master promissory note online and a college loan application.
Item #1: You need to complete the “entrance counseling” online at www.studentloans.gov. You will need your four digit pin code. Entrance counseling will take 20-30 minutes to complete. If you cannot remember your pin code or never had one, you can retrieve it by going to www.pin.ed.gov.
Item #2: After you complete the entrance counseling online, you will then need to complete a “master promissory note” or “MPN” online at www.studentloans.gov. You will need your four digit pin code. This will take approximately 30 minutes so make sure you have enough time to complete it. You will need the following items to complete the MPN:
• your personal information: ie. permanent address, telephone number, email address
• your employer information: employer name and address
• reference information: 2 people you have known for at least 3 years. The first should be a parent or legal guardian. You will need their name, address, telephone number, and their relationship to you.
Item #3: Stop by BTC to complete a college loan application (it’s only one page), which indicates the amount of student loans you are requesting.
All of the federal financial aid is processed through the college. The college financial aid representative will process your financial aid and let you know if anything else is needed.
Again, don’t worry…the financial aid representative will walk you through the steps. Ask any time.