Financial Aid Office

Truax A1000
Enrollment Center
1701 Wright Street
Madison WI 53704

CALL: (608) 246-6170
FAX: (608) 243-4245


Monday - Tuesday: 8 a.m. - 6 p.m. 
Wednesday - Thursday: 8 a.m. - 4:30 p.m. 
Friday: 9:30 a.m. - 4:30 p.m.  

Monday - Thursday: 8:15 a.m. - 4 p.m. 
Friday: 9:30 a.m. - 4 p.m.

Financial Aid Process

Follow the steps below to apply for financial aid. These steps must be completed each academic year you wish to receive financial aid for attending Madison College.

  1. Submit the FAFSA

    Free Application for Federal Student Aid (FAFSA)

    To determine your eligibility for grants, loans and work study, you must complete the FAFSA each academic year. The FAFSA is available in early January of each calendar year. You must first create an FSA ID to complete the application. Some types of aid are awarded on a first come, first serve basis, so we encourage you to apply as early as you can. Madison College has a priority deadline of April 15th to allow adequate time for processing before the academic year begins. Before beginning the FAFSA, pleae review the basic basic eligibility criteria for receiving federal financial aid.

    Need Help?

    Online: For help filling out the FAFSA, you can use our step by step tutorial or watch Federal Student Aid's video on How to Fill Out the FAFSA.

    Workshops: If you require additional assistance completing the FAFSA, register for a FAFSA Workshop. Advance registration is required. Workshops are for Madison College students only and are held at the Truax campus.

    Register for a FAFSA Workshop

  2. Complete a Program Application

    To be eligible for financial aid, you must be admitted to a financial aid eligible program, or formally accepted onto the program waitlist. See a list of all the programs offered at Madison College.

  3. Register for Classes

    To be eligible for financial aid, you must be registered in classes that meet the enrollment status requirements. Get help registering for classes.

  4. Monitor Your Communications

    Student Email: Activate and check your student email and Message Center in myMadisonCollege. That's where you will find important notifications and action items.

    To Do List: Complete any items in your To Do List within myMadisonCollege. If there are items in your To Do List, they must be completed and removed from your To Do List prior to receiving any financial aid information.

    Rights and Responsibilities: Make sure to look over your Rights and Responsibilities regarding your financial aid.

  5. Evaluate Your Award Notification

    Once your financial aid package is determined, an Award Notification is sent to your student email. There are many different types of aid (grants, loans and work study) awarded, and most are based on your Cost of Attendance and your financial need.

    Your Award: Once you receive your Award Notification, log into myMadisonCollege to evaluate your award and accept/decline your funds. Your financial aid award is based on your enrollment status at the time of the award. If you are not yet enrolled for the semester, it will be based on an assumed full-time status. Award amounts are subject to change based on your enrollment status as of 4:30 p.m. on the Date of Record each semester.

    Your award may need to be adjusted, reduced or cancelled if you receive additional funds (e.g. scholarships, state grants, etc.). It is your responsibility to inform the Financial Aid Office of any other aid that is not listed on your award.

    Department of Vocational Rehabilitation: If you are a DVR client, it is the responsibility of DVR to contact the Financial Aid Office with the dollar amount they will be providing prior to you being awarded any Federal Direct Loans. If you don't see DVR on your award and it should be, please contact your DVR counselor to determine the status of your funding.

  6. Complete Loan Requirements (if applicable)

    If you accepted Federal Direct Loans as part of your award, you must complete Entrance Counseling and a Master Promissory Note (MPN) on the Student Loans website. Your loans will not disburse until you have completed these requirements. If either of these items are in your To Do List 24 hours after accepting your loans, please log into the Student Loans website to verify that you have completed them.

    Workshops: If you require assistance with completing the Master Promissory Note and/or Entrance Loan Counseling, please register for a FAFSA workshop. Advance registration is required. Workshops are for Madison College students only and are held at the Truax Campus.


  7. Book Charge Process (if applicable)

    The Book Charge Process allows eligible students to charge the books they buy at the Madison College bookstore to their financial aid award. You are not required to complete this process if you choose to purchase your books somewhere else. Learn more about Book Charge eligibility.

  8. Disbursements & Refunds

    All financial aid funding will begin disbursing after the Date of Record. After the Date of Record, available funds are disbursed once a week. Students in unique situations may have later disbursement dates due to federal regulations. Get instructions on how to view your estimated disbursement date and other related information.

Academic Requirements

In order to remain eligible for financial aid, you must meet certain academic requirements referred to as Satisfactory Academic Progress.

Summer Financial Aid

If you wish to request financial aid for the summer, you must complete the Summer Financial Aid Request Form once it becomes available for the upcoming summer.