On January 2, 2013 the Monterey Institute will begin accepting applications for the need-based grants. The grants are awarded to supplement existing forms of aid for students demonstrating financial need.
All prospective, admitted, and returning degree-seeking U.S.and international students are invited to apply. Please note that while prospective students may apply, you must be admitted before we will review your application. Please see the full eligibility requirements here.
To be considered, all students must register with Need Access (www.needaccess.com) and submit the electronic application. Please note that there is a $28 application fee. We are unable to offer fee waivers. You will need your most recent tax information to complete the Need Access application.
Please note: If you were born after January 1, 1987, you will also need to answer questions regarding your parents' income and asset information unless you are married or have a dependent. If you are married, you will need to submit income and asset information for your spouse as well.
You are also required to complete the FAFSA application at www.fafsa.ed.gov
We encourage applicants to apply by our November 15 priority deadline for Spring 2014 admission using the Need Access form at www.needaccess.com. It is possible to apply after the deadline but there may not be availability of funds. You are required to apply for need-based funding every year, and your financial need will be re-assessed with each application.
Need-based grants are up to $5,000. They are awarded in addition to any merit scholarships you may receive, and do not need to be repaid.
If you apply for admission to a Monterey Institute degree program by one of our priority scholarship deadlines, you will automatically be considered for a merit-based scholarship. Scholarship decisions are made and applicants are notified approximately 4 weeks after the deadline. You may also apply for the need-based grant, but these are completely separate review processes.
This information is required for an equitable determination of need based on financial strength of the family. We assess your level of need based on "ability" to pay, not "willingness". Please understand that funds are limited and priority consideration will be given to students with demonstrated financial need.
Yes. You must provide this information for yourself and your spouse if you are applying for the need-based grant.
Please submit information for the parent who has last claimed you as a dependent on their taxes.
Within the Need Access application, your parent may register to submit personal income and asset information that will not be accessible to the student.
Your financial aid offer may be adjusted if you receive scholarship assistance from another source. You are required to inform our office of the amount and source of any outside assistance received.
You will be asked to submit documentation in English from your employer and/or your parents' employer. This letter should include total earnings for the year including any allowances (e.g. housing, vehicles, retirement).
If you receive a need-based grant in the fall semester, it will be renewed for the spring semester provided you are registered as a full-time student. The award is based on full-time enrollment and may be pro-rated if you do not take 11 or more credits. If you start your enrollment in a degree program in the spring semester, the award will not be automatically renewed for the next semester. You will be required to reapply each fall for new funding. Because funding is awarded on a first come, first served basis and because funding is limited, we cannot guarantee that you will receive a need-based grant from one year to the next.