Financial Aid Information
Students must be enrolled in an eligible program to be eligible for financial aid. Please see the Financial Aid Director for the number of credits required to be considered a full-time student for financial aid eligibility for the program you are interested in.
FAFSA to Determine Student Eligibility
Financial Aid programs are available to postsecondary students enrolling in eligible programs at DMTC. Students who wish to apply for financial aid must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility. These applications are available in the Student Services and Financial Aid offices at DMTC. It is important to apply as soon as possible, because it may take four to eight weeks for processing information by mail.
DMTC now has the capability of enabling prospective students to file via computer. Students are encouraged to complete, sign, and date their FAFSA, then contact the Financial Aid office to file electronically. This will greatly speed up the processing time. Students may also apply online at http://www.fafsa.ed.gov.
Eligibility for financial aid for all need-based aid is dependent upon demonstrated financial need and the availability of funds through the U.S. Department of Education, State of Colorado, and private lenders.
Tools to help you
There are tools you can use to estimate your aid, Expected Family Contribution and Net Price.
“If you’re not ready to apply for federal student aid, but you’d like to estimate your aid, try FAFSA4caster.
FAFSA4caster is an early eligibility estimator that can help you plan ahead when it comes to paying for college.”
“Students and their families are expected to contribute to the cost of college to the extent that they’re able. Use this 2016-17 academic year Expected Family Contribution (EFC) Calculator“
Net Price Calculator “This calculator is intended to provide estimated net price information”
Financial aid awards may include a combination of gift aid (scholarships and grants) and self-help aid (employment and loans.)
A student receiving financial aid through DMTC may accept awards from outside agencies or individuals, but the combination of private awards and school assistance may not exceed financial need. The student is responsible for reporting any outside assistance or changes in financial situation to the Financial Aid office so the financial aid award can be reviewed and appropriately adjusted.
Student with the Greatest Need are Awarded First
Financial aid is awarded to students with the lowest Expected Family Contribution and/or greatest need first, with Pell grants awarded first. Remaining aid is awarded as available. Any aid refused will not be replaced with other forms of aid. Any student with remaining needs of $500 or less is classified as having no need, and no additional aid will be awarded except Federal Work Study.
Disbursement of Financial Aid Funds
All financial aid funds will be disbursed first to cover the tuition and fees for the program a student is enrolled in. Any proceeds from financial aid through the Financial Aid office are made available to students only after the student has enrolled and been in attendance for the term. Stafford Loan proceeds will be disbursed after the student has been enrolled for 30 days or more. Grant funds remaining after meeting a student’s program costs will be disbursed to the student after census date. Federal Work Study employment will be paid every two weeks upon completion of work and submission of a time sheet.
- Gainful Employment Disclosures
- Financial Aid Application Verification
- Financial Aid Programs
- Return of Title IV Funds
- Student Consumer Rights & Responsibilities
- Your Responsibilities Regarding Financial Aid
- Academic Progress & Program Progress Policy
- Colorado Workforce Center
- Immigrant or Resident Alien Enrollment