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Federal Programs

Urgent Notice!:  If you have been convicted of a drug offense, it may impact your eligibility for Title IV Federal Student Financial Aid (Please read this before proceeding!)

Federal Pell Grant:

This is a grant program which does not need to be paid back. Students must be matriculated in a degree or certificate program to be eligible, and must not have received a Bachelors Degree, or be in default of a student loan. The awards are need based, that is, based on family income, assets, number in household, cost of education etc.

Federal Supplemental Education Opportunity Grant (SEOG):

FSEOG are grants that do not have to be repaid; they are based on need as defined by the Department of Education (see above). The student must be PELL eligible to qualify. Funding is limited and priority is given to early applicants. 

Federal William D. Ford Direct Subsidized / Unsubsidized Stafford Loans: (Apply_Immediately!)

Subsidized Loans:  The current rate on subsidized loans is 3.86% fixed; no interest is charged on the loan while the student is in school, or during the grace period, however, to qualify for the subsidized loan there must be a financial need as outlined above. There are no payments due while the student is in school at least half time. There is a grace period before repayment begins of 6 months after completing a degree or certificate program, or after the student has fallen below half time. Unsubsidized loans: 

The current rate on unsubsidized loans is 3.86% fixed; interest is charged while the student is in school and during the grace period when the student has completed school.

PLUS (Parent) Loans: The current interest rate is 6.41% fixed; payments on the loan may be deferred while the student is in school, however, interest accrues beginning with the disbursement of the loan. PLUS loans are credit based.

The loan cannot exceed the cost of attendance and takes into account any other financial aid resources the student may have.

Loan Limits-

Dependent Students for first year students: annual combined subsidized and/or unsubsidized loan of $3,500, plus an additional $2,000 unsubsidized. Total available: $5,500.

Dependent Students for second year students (30 cumulative hours): annual combined subsidized and/or unsubsidized loan of $4,500, plus an additional $2,000 unsubsidized. Total available: $6,500.
Independent Students (per Federal criteria) first year students: annual combined subsidized and/or unsubsidized loan of $3,500, plus an additional $6,000 unsubsidized. Total available: $9,500.

Independent Students (per Federal criteria): second year students (30 cumulative hours): annual combined subsidized and/or unsubsidized loan of $4,500, plus an additional $6,000 unsubsidized. Total available: $10,500.

Total Combined Loan Limits:
Dependent Undergraduate Students: Subsidized Loans:.........$23,000.00
Total Subsidized & Unsubsidized:...........................................$31,000.00
Independent Undergraduate Students: Subsidized Loans:.......$23,000.00

Total Subsidized & Unsubsidized: $57,500 Interest Rates on Student Loans For Stafford Subsidized student loans after July 1, 2008, the following fixed rates are in effect
Loans between 7/1/2013-7/1/2014: 3.86%
Loans between 7/1/2013-7/1/2014: 3.86%

Federal Direct Unsubsidized student loans have a fixed rate of 6.8%; Parent Plus loan rates are currently fixed at 7.9%. For additional information on any Federal Direct Loans, log on to

PLEASE NOTE: The Federal Government sets the eligibility amount for student loans. The student cannot exceed the cost of attendance at MVCC with the combination of grants, loans, and other resources. Students must be in good academic standing to receive a student loan.

Loan Contact Information
General Information
Information on Repaying Your Loan

Borrower Services
Direct Loan Servicing Center

Direct Loan Consolidation Center

Applying For a Student Loan

  1. Complete the FAFSA online.
  2. Submit all requested documents to the financial aid office.
  3. Accept the loans online through your SIRS account.
  4. Complete the online entrance counseling Interview.
  5. Complete the online Master Promissory Note (MPN)

If you are the parent and would like to secure a loan for the student, the parent PLUS loan request can be found at or obtained at the financial aid office. Students are urged to consider loans carefully, and not borrow more than is needed. Parent borrower must also endorse and complete the MPN.

For the student completing the Master Promissory Note (MPN):
MVCC cannot disburse a student loan until this entire process has been completed. All borrowers are required to electronically sign the MPN. By signing, the student is agreeing to pay back any loan funds received for educational expenses.  You will complete the MPN only once while a student at MVCC; it will be used for any additional borrowing while you are student here.

The MPN can be accessed at, click on Complete New MPN for Student Loans, select the Subsidized/Unsubsidized option, and click on Proceed to MPN login. Students will need their 4 digit federal PIN to sign electronically, this is the same PIN used to sign the FAFSA electronically. If the PIN is not remembered, go to and request a duplicate PIN.
Completing the MPN takes approximately 30 minutes. All 9 steps must be completed and a confirmation page received. Once the session is completed, an electronic confirmation will be sent to MVCC; this may take up to 4 days.

Entrance Counseling

Before receiving a student loan for the first time, borrowers must complete an online Entrance Counseling Session. This session provides useful tips and tools regarding loan responsibilities, interest rates, and payment options. Students can access the session at, click on Entrance & Exit Counseling, and complete the Stafford Loan Tutorial & Quiz.

The session takes approximately 20-30 minutes; the session must be completed, and a confirmation message received.
Unless the session has been completed, the electronic confirmation will not be sent to MVCC. As this is a federal requirement, the loan cannot be paid without this confirmation.

Exit Counseling
When you have completed your studies, you will be required to receive exit counseling. This will give you an overview of your rights and responsibilities as a borrower, as well as information regarding payment options. After leaving school (or studying less than half time), you will be notified by the loan servicer that holds the loans. The notification will include payment options, where to send payments, and contact information.

Perkins Loans

Federal Perkins Loans are available to students as funds allow. Unlike other Federal Loan programs, funds may be limited. Students are encouraged to file FAFSA´s early if they wish to be considered. The loan has a fixed rate of 5%, and the student must have a financial need as determined by the Department of Education. There is a 9 month grace period for the Perkins loan.


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Office of Student Financial Aid

Utica Campus
Payne Hall 142
Mohawk Valley Community College
1101 Sherman Drive
Utica, NY 13501
Tel:  (315) 792-5415
Fax (315) 731-5852

Rome Campus
Plumley Complex A30
Mohawk Valley Community College
1101 Floyd Avenue
Rome, NY 13440
Tel: (315) 334-7709
Fax: (315) 334-7726