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90% of NMC Students Receive Financial Aid (May 14, 2014)

The Northern Marianas College today issued a statement that provides more context to an article that was printed in a local newspaper. While the information that was printed was correct, it was not complete because it may have led readers to infer that only a third of NMC students receive financial aid.

On March 19, 2014, the College released its first batch of Federal Financial Aid Awards for the Spring 2014 semester to 507 students totaling $1,350,516.

It is important to note that the College processes and distributes Federal Financial Aid in three batches throughout the semester in an effort to release refunds to students in a timely manner.

As there is no hard deadline during the academic year for students to complete a Free Application for Federal Student Aid (FAFSA) and to be considered for an award, the process of reviewing applications and receiving pending documents is an ongoing process for the Office of Student Financial Aid.

Last year, the College distributed an average award of $4,663 in federal financial aid to 1,080 students.

Leo Pangelinan, dean of NMC’s student services, stated that approximately 90% of students at NMC receive a combination of one or more federal financial aid awards based on need, including Federal Pell Grant, Supplemental Educational Opportunity Grant, TEACH Grant, Federal Work Study, and College Access Challenge Grant Scholarships.

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