Complete all loan application and eligibility requirements in a timely manner!
Your financial aid will be disbursed (credited) directly into your MyMPTC Account and can be used to pay your tuition, fees and eCampus bookstore charges.
Assuming your application and requirements have all been completed and a financial aid offer accepted, any federal or state grants and loans will be applied to your account on the 15th calendar day of the term/semester (referred to as Census Date). If you have enough awarded aid, you do not need to enroll in a payment plan or make a payment.
If you are a first-time loan borrower there is a 30 day delay on disbursing your aid. Generally speaking, you receive your funds one month after classes start.
Guidelines for Using Financial Aid at eCampus Bookstores
After your tuition, fees and bookstore charges have been paid, any excess funds will be deposited directly into your checking or savings account if you’ve set up those instructions in MaxPay. If direct deposit is not set up, a refund check will be mailed to you. Set Up Direct Deposit (Strongly encouraged!)
Keep in mind, students who receive aid but do not complete all their scheduled classes could be responsible to repay some of the aid they receive. View more information on our Financial Consequences of Withdrawing or Not Passing Classes page.