Financial Aid Information

Getting Started

Financial Aid Philosophy: A successful financial aid package is a cooperative effort between the student and the institution that not only meets the student’s educational needs but also fosters an environment from which the student can effectively manage any debt that may be incurred during the course of their education.

Applying for Financial Aid

Completing your Free Application for Federal Student Aid (FAFSA) is the first step in the process. All students are encouraged to apply despite their current financial status.

Application Process

Complete FAFSA. The FAFSA can be found here: https://studentaid.gov/h/apply-for-aid/fafsa. MT Training Center School Code is: 042264.
After your Student Aid Report (SAR) becomes available, please review it for accuracy and any further instructions.
An MT Training Center’s financial aid representative will contact you as your Student Aid Report is received by the school to set up a personal financial aid consultation. Financial Aid Awards will be estimated at the time of consultation.
Accept your Financial Aid Award.

Each student will have a personal consultation in the Financial Aid Office. The consultation will also identify other supporting documents necessary to determine financial assistance eligibility. During this consultation process the Financial Aid Officer will assist the student in completing all the forms necessary to apply for and receive financial assistance.

Note: It is the student’s responsibility to provide the requested documents in a timely manner to determine and verify eligibility.

MT Training Center School Code: 042264

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Additional Information

Financial Aid Philosophy: A successful financial aid package is a cooperative effort between the student and the institution that not only meets the student’s educational needs but also fosters an environment from which the student can effectively manage any debt that may be incurred during the course of their education.

Students that are interested in receiving Federal Title IV, HEA Program funds will need to apply for Federal Aid at fafsa.gov.ed. Assistance with completing a fafsa is available. Contact our financial aid office for assistance.

Information needed to complete your fafsa application include:

Address
Driver’s license number (if applicable)
Social Security Number
Alien Registration Number if you are not a U.S. citizen
High School Diploma or GED or College Transcript
Federal tax information or tax federal tax returns (including IRS W-2 information for you and your spouse if you are married)
Dependent students: Parents federal tax information/returns/social security number
Males only: Selective Service Registration.
Must resolve any drug conviction issues
Must not be currently receiving federal financial aid at another educational institution

MT Training Center School Code: 042264

Financial Aid Philosophy: A successful financial aid package is a cooperative effort between the student and the institution that not only meets the student’s educational needs but also fosters an environment from which the student can effectively manage any debt that may be incurred during the course of their education.

MT Training Center offers a variety of financial aid options for the prospective student:

Federal Pell Grants: A Federal Pell Grant, unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree.
Direct Subsidized Loans: Loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.
Direct Unsubsidized Loans: Loans made to eligible undergraduate, graduate, and professional students, but in this case, the student does not have to demonstrate financial need to be eligible for the loan.
Direct PLUS Loans: Loans made to graduate or professional students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid.
Direct Consolidation Loans: allow you to combine all of your eligible federal student loans into a single loan with a single loan servicer.
Veteran’s Affairs (VA) (GI Bill® for eligible students): The Department of Veteran Affairs (VA) provides financial support for education and housing to individuals who qualify for training. Please visit the United States Veteran Affairs website for additional information: https://benefits.va.gov/gibill/
Workforce Investment Act (WIA): The Workforce Investment Act of 1998 (WIA) combines federally funded job training programs in Texas into a “workforce development” system that was developed to consolidate, coordinate, and improve employment, training, literacy and vocational rehabilitation programs. Services are provided through the state’s “one-stop” system of workforce investment and educational services for adults, dislocated workers, and youth. WIOA grants are provided to eligible prospective students through Workforce Solutions and WFS deems an individual eligible. To find a local Workforce Center in your geographic area click the following link: https://www.twc.texas.gov/find-locations
Department of Assistive and Rehabilitative Services (DARS): Offers programs that strive to assist people with disabilities and helps them prepare, find and retain employment. For additional information on the services that DARS offers along with educational training please contact them directly.
TFC Loan: TFC is the national leader in private financing plans for education. For prospective students that do not qualify for Federal Student Aid, WIA or DARS, the MT Training Center offers flexible payment plans through TFC Loan. No credit check and no interest.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA).

MT Training Center School Code: 042264

Financial Aid Philosophy: A successful financial aid package is a cooperative effort between the student and the institution that not only meets the student’s educational needs but also fosters an environment from which the student can effectively manage any debt that may be incurred during the course of their education.

To better assist our students, we have compiled resources that will help make your financial aid process smooth and understandable.

Student Consumer Guide Information: MT Training Center’s Consumer Guide is a comprehensive guide to required financial assistance information for all MTTC prospective students. Included in the Consumer Guide is information regarding policy for financial aid distribution, disbursement and available Federal Student Aid programs. View Consumer Guide
Accessing My Student Loan: Federal Student Aid offers a comprehensive financial aid website that allows the borrower to access in-depth information related to loans, money management, student rights and responsibilities as well as valuable resources and tools to assist the borrower. www.mystudentloaninfo.com
Student Aid on the Web: The U.S. Department of Education offers valuable information for preparing for your educational journey. The website proves in-depth information on how to apply for financial aid, student loans vs. PELL grants, and types of student loans as well as loan repayment.
Glossary of Terms: Federal Student Aid terms can be very confusing. This Glossary of Financial Aid Terms provides definitions for financial aid terms. (http://www.mystudentloaninfo.com/glossary.html)

MT Training Center School Code: 042264

Financial Aid Philosophy: A successful financial aid package is a cooperative effort between the student and the institution that not only meets the student’s educational needs but also fosters an environment from which the student can effectively manage any debt that may be incurred during the course of their education.

Each student must make Satisfactory Academic Progress toward completing his/her program of study, regardless of the student’s course load or whether or not the student receives financial aid. MT Training Center evaluates each student’s progress on the following standards:

Minimum grade point average which is 2.0 (70%).
Minimum clock hour completion rate which is 80% total clock hours in program.
Pace of completion – students must complete their programs within the timeframe specified in the enrollment agreement.

These standards are applied to all MT Training Center’s students. If a student meets these standards, he/she will be considered making Satisfactory Academic Progress.

If a student does not meet these standards during any evaluation point, he/she will be considered not making Satisfactory Academic Progress and will potentially be placed on Academic and Financial Aid Probation. If the student is placed on probation, the student may be in danger of losing his/her financial aid.

MT Training Center School Code: 042264

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