You may be eligible to receive an increase in federal and/or state financial aid due to the recent unemployment of a family member in your household, a death in the family (parent(s) of a dependent student or spouse of an independent student), increased childcare costs, divorce/separation or another circumstance that has impacted you or your family’s financial situation.

Federal Aid

You may qualify to have your current federal financial aid recalculated if you have experienced significant changes from your 2020 household income. For example, if you are a dependent student and you or your parent(s) lost a job or experienced a reduction in income or if you are an independent student and you and/or your spouse lost a job or experienced a reduction in income, you may notify the Office of Financial Aid about the reduction in income and request a review by following these steps:

Attending Montco during the 2022-23 academic year (Fall 2022, Spring 2023, Summer 2023):

  1. Complete and submit your 2022-23 FAFSA with accurate income information from 2020 as instructed on the form (if you have not already done so).
  2. Submit the 2022-23 Change in Financial Circumstances form (along with the required documentation listed) detailing how your current financial situation has changed since 2020.
Important
  1. If the person who lost employment has been rehired and is currently earning a similar or higher salary OR if the reduction in income is not significant, it is possible that there will not be a change in student aid eligibility.
  2. If you filed the FAFSA and your application indicated a $0 expected family contribution (EFC) as reflected on your Student Aid Report you may have already received the maximum amount of federal financial aid to which you are entitled and submitting a Change in Financial Circumstances form may not be necessary. However, if you are currently experiencing financial hardship due to the pandemic, you are encouraged to review Montco’s COVID-19 resources which lists various support resources you may find helpful and you can learn more about and apply for emergency funding opportunities.

If you have questions about a possible federal aid increase due to income loss, contact the financial aid team by email at fa@mc3.edu (from your Montco student account) or schedule a virtual appointment.

Pennsylvania State Aid

If you are a Pennsylvania State Grant applicant/recipient, you may also be entitled to receive increased PA State grant funding due to income loss.

If you are attending Montco during the 2022-23 academic year and you or your family’s financial situation has changed significantly from 2020 (for example, if you/your parent(s)/spouse lost a job or otherwise experienced a reduction in income), you may be eligible to have your PA State Grant funding increased.

  1. Complete and submit your 2022-23 FAFSA with accurate income information from 2020 as instructed on the form (if you have not already done so).
  2. Verify you met PHEAA’s deadline for filing the 2022-23 FAFSA (May 1, 2022 for returning students; August 1, 2022 for first-time, first-year Montco students) by logging into your AES/PHEAA account. Complete any required steps to finalize your application, if needed.
  3. Fill out PHEAA’s applicable Reduced Income form – Independent students | Dependent students
  4. Send your completed Reduced Income form, along with the required tax documentation outlined, to PHEAA in one of the following ways:

If you have questions about a possible PA State Grant increase due to income loss, call PHEAA at 1-800-692-7392 (TTY: Dial 711 for hearing impaired).