Financial Aid Information

Contact Susan Roth, MECR Financial Director (susan@mecr.edu)

Federal Student Financial Aid Programs
Students who are enrolled or accepted for enrollment as candidates for certification in a MECR Infant and Toddler, Early Childhood or Elementary I Course, and are U.S. citizens or eligible non-citizens, and have financial need, may qualify for one of the following programs. (Please note: The Elementary II continuation course component does not meet eligibility requirements for Title IV Aid):
- Federal Pell Grants 
Available only to undergraduates. Do not have to be repaid.
- Federal Direct Loans
Available to both college graduates and undergraduates.
Loans must be repaid starting 6 months after completion of the course. Unsubsidized loans accrue interest beginning immediately after receiving the loan. Subsidized loans do not accrue interest until repayment begins. Subsidized loans do not require financial need.
- Federal Direct PLUS Loans
Available to eligible parents of students. Must be repaid with interest, starting within 60 days after the final loan disbursement. Yearly limit is equal to the cost of attendance minus any financial aid received.

Free Application for Federal Student Financial Aid (FAFSA)
Complete a FAFSA at www.fafsa.ed.gov
The MECR Federal School Code is 033063 and can be found under our legal name: Rocky Mountain Montessori Teacher Training Program, DBA MECR
www.studentloans.gov is a U.S. Department of Education website. At this website you will be able to fill out a Master Promissory Note, Entrance and Exit Counseling and find a wealth of information about Student Financial Aid.
Telephone assistance is available at 1-800-433-3243 or through the MECR office at 303-494-3002
Application Deadline: Students are urged to apply as soon as possible after completing their tax forms.
For students who seek reimbursement through financial aid for fees already paid, the application must be at the school by the student’s last day of enrollment in the academic year in which the course is completed.

American Montessori Society – Teacher Education Scholarship Fund
A limited number of grants are awarded annually to selected applicants who have been accepted for enrollment in an AMS affiliated teacher education course. Application requires a personal statement, three letters of recommendation, a financial statement with a copy of the most recent income tax return, and verification of acceptance by the Director of the teacher education program.
Application Deadline: May 1st of the calendar year of initial enrollment. The complete MECR application must be received at the MECR office by March 31st to allow time for processing.
Application forms: Available on the AMS website. For information and an application CLICK HERE

Veterans
Veterans, their spouses and dependents may be eligible for educational benefits. Call the Veterans Administration Regional Office at 1-800-827-1000 for information.

Disbursement
1. Federal Funds: Funds are deposited in the MECR federal account and credited to the student’s tuition account in two equal payments in mid-July and late-December. MECR reserves the right to apply funds to tuition and fees first. Remaining funds are disbursed by MECR in two equal semi-annual payments. The student must maintain satisfactory progress in order to receive continued funding. The maximum time for completion is 1.5 times the published course length. For Direct loans, a small percentage is taken out of the loan amount by the bank. On-line Entrance Counselling is required before disbursement and can be completed at www.studentloans.gov
2. AMS Scholarship: This funding is paid directly to MECR and credited to the student’s tuition account. If the student withdraws before completing their course, the unused portion of the tuition must be returned to the AMS Scholarship Fund.