Stay in the Know

In addition to the basics there’s an overwhelming amount of financial aid information available, and it can be hard to know what is important. We’ve sorted through it all to provide you access to some additional resources below.

Student Withdrawal and Effects on Financial Aid

To learn more about the impact on financial aid if you withdraw from or stop attending some or all of your courses, download the documents below:

Bookstore Allowances

You may be eligible for an SMCC Bookstore allowance if your aid award is greater than your semester charges. To learn more, download the Bookstore Allowances for Financial Aid Recipients.

Satisfactory Academic Progress

If you are receiving financial aid, you will need to maintain Satisfactory Academic Progress (SAP). To learn more about the SAP policy for financial aid recipients, download the SAP handout.

Loan Counseling for Student Borrowers

If you plan to borrow a direct student loan, you will need to complete entrance counseling. To complete this, Visit the Federal Student Aid website.

Opportunity Maine Tax Credit

You may be eligible for the Opportunity Maine Tax Credit if you are a Maine resident who borrows a student loan, graduates from a Maine college or university and works and pays taxes in Maine. To learn more, visit the Maine Community College System website, the Opportunity Maine website, and the Maine Revenue Services website.

Federal Student Financial Aid Penalties for Drug Law Violations

To learn more about the eligibility criteria for federal student aid programs, visit the Federal Student Aid (FSA) website.

Family Educational Rights and Privacy Act (FERPA)

To learn about our institutional policies around the privacy of student records and FERPA, download and view the SMCC College Catalog.

Consumer Information and Notice of Availability of Institutional and Financial Aid Information

Colleges and universities that participate in federal student aid programs are required to provide the following information. Students are encouraged to review this information periodically.

To learn more about consumer information, visit our Consumer Information webpage.

For more information, download our Consumer Information and Notice of Availability of Institutional and Financial Aid Information handout.

Exit Counseling for Student Borrowers

If you have taken out a direct student loan and have graduated, left school or dropped below half-time enrollment, you are required to participate in exit counseling. To do this, visit the federal Student Aid website.

Institutional Code of Conduct for Educational Loans

SMCC staff members are bound to act in compliance with SMCC and the Maine Community College System procedures and the National Association of Student Financial Aid Administrators Statement of Ethical Principles and Code of Conduct. For more information, download the NASFAA Statement of Ethical Principles and Code of Conduct or the Financial Aid Staff Code of Conduct.