Welcome to Madison College, one of the best educational values in Wisconsin. Our tuition is significantly less than four-year colleges, and financial aid is available to students active in an eligible associate degree, college transfer or technical diploma program whose enrollment status is at least half-time.
The college offers federal and state financial aid, including grants, loans and student employment. The Madison College Foundation also provides scholarships from private donors to assist students.
To help you understand how to apply for financial aid and which programs you may be eligible for, please watch the short videos above.
The most important step in finding out if you are eligible to receive financial aid is to fill out the Free Application for Federal Student Aid (FAFSA). Many students who could receive financial assistance to attend college miss out because they do not complete the FAFSA. This may include funds that do not require repayment. For this reason, it is recommended that all students to fill out and submit a FAFSA as soon as their annual tax returns are complete. Students do not need to wait to receive a program admissions letter before completing the FAFSA and are strongly encouraged to apply before the April 15 Priority Date. Limited funding is available for students who apply after April 15.
To get an early estimate of financial aid eligibility, check out the FAFSA4caster.
Learn more about the financial aid application process.
Once the college receives a financial aid application, further documentation may be required. In accordance with federal regulations, we will review all documents for accuracy and completeness and, if necessary, make corrections to the application before awarding any loans, grants, or federal work-study. Students will be notified in writing of any awards.
To be awarded financial aid, students must first be admitted into an approved associate degree, college transfer or technical diploma program. Enrollment in courses without acceptance into an eligible program does not qualify a student for financial aid. Financial aid will not be processed until a student is admitted into an eligible program.
Several factors determine when Financial Aid Award Notices are sent:
|If documents are submitted in:||Estimated processing time|
|January - February||2 - 4 weeks|
|March - June||2 - 3 weeks|
|July - October||3 - 4 weeks|
|November - December||2 - 3 weeks|
The day that financial aid money is disbursed depends on the date on the Financial Aid Award Notice, the date that the Master Promissory Note was completed on the Student Loans website, and/or the types of eligible funds.
Financial aid funds are not disbursed prior to the start of the semester. Grants and loans are disbursed once each semester, usually at the beginning of the term. When financial aid funds become available, they are deposited into the student’s Madison College account. After deducting all amounts due, any remaining funds are either mailed directly to the student in the form of a refund check or deposited through E-refunding as set up by the student through their myMadisonCollege Student Center account. Therefore, it is important that students maintain a current mailing address and phone number on their Student Center account at all times.
If you have additional questions, please call the Enrollment Center at (608) 246-6170, or visit askMadisonCollege for answers to frequently asked questions.