Paying for College

Determining Financial Aid


The U.S. Department of Education determines who is eligible for federal financial aid by applying the same rules and calculations to every student’s application. Financial Aid at MCTC then notifies applicants of their federal financial aid awards. The same process determines eligibility for state awards.

Based on the information in your FAFSA, the Department of Education calculates the cost of your education for one year and what your family is expected to contribute based on its financial situation.

Cost of attendance

The estimated cost of attendance includes tuition and fees, supplies, books, room and board, transportation and personal expenses.

Room and board calculations reflect apartment rent rate and food costs in the Twin Cities. Personal expenses include transportation, books, clothing and social activities.

Expected family contribution

This is an indicator of the relative financial strength of a student’s family. It estimates the dollars the family would have available to contribute to the student’s college expenses for the academic year. Factors considered include income, assets, the number of members in the household and the number of family members attending college.

Financial aid eligibility

When you receive an award notification email you are able to view your estimated financial aid awards on eServices. Learn more about how to read your award notification

Financial need

Eligibility for need-based financial aid is determined by subtracting the EFC from the COA. After financial need is calculated, the MCTC Financial Aid office awards the maximum federal and state grants that students are eligible to receive, then work study and loans. Students may also receive merit-based awards.   

Cost of Attendance – Expected Family Contribution = Financial Need

Student Aid Report

After you file a FAFSA, you will receive a Student Aid Report (SAR) from the U.S. Department of Education by email within a few days or by mail in a few weeks. The report details all the information you provided on your FAFSA. If there are no corrections or missing information, the report will tell you the Expected Family Contribution. The government automatically sends the information to MCTC if you have listed the College in your FAFSA.