Your loan is NOT automatically renewable. You must complete a financial aid file for each academic year, have loan eligibility and complete another loan application for that year. The loan period, as specified by the student on his or her loan application, tells the Financial Aid Office which semesters he or she would like to receive a student loan disbursement. You must be enrolled for at least 6 credit hours to receive your funds. You must be satisfactorily progressing in your plan of study to receive loan funding.
Academic history is considered for loan processing.
If you owe MCC any money, your past debt will be deducted prior to receiving any residual loan check for that semester. Keep good records and ask questions. Keep all paper that is sent to you and a copy of all correspondence sent by you. Do not ignore your mail or phone messages. Create a personal monthly budget.