Keep your BankMobile account safe. Protect Your Personal Information!
We have seen a significant increase in spam and phishing emails targeting both students and staff. These messages often falsely claim to offer financial aid refunds or other rewards but are intended to steal your personal and financial information.
One common characteristic of these phishing attempts is that they frequently come from @gmail.com or other non-official domains using key words such as BankMobile, YCCD District, and MJC Financial Aid as the sender. Please remember: all official communication from the YCCD district and Modesto Junior College will come from a @yosemite.edu or @mjc.edu email address.
BankMobile will never contact you to request sensitive information such as passwords, PINs, debit card numbers, or other personal details via email, text, or phone . For more information, visit the official BankMobile website.
Contact BankMobile at 855-398-7260 or 855-398-9443, if you become a victim of fraud related to your BankMobile Vibe Checking Account to report the incident.
Thank you for your continued vigilance and cooperation! If you have any questions, please reach out to the Student Financial Services Office at 209-575-7700 or email us at mjc_finaid@mjc.edu.
The One Big Beautiful Bill Act (OB3/OBBBA) was signed into law on July 4, 2025. This law makes major changes to the federal student financial aid specifically to Pell Grant eligibility, short term programs eligibility, federal student loan limits and repayment plans. Many of this changes when into effect on or after July 1, 2026. For the most up-to-date information from the Department of Education, please visit Federal Student Aid’s OB3 Updates page.
Some students completing the FAFSA may be selected for a brief identity verification process.
If selected, you'll need:
Complete this process promptly to help avoid delays in your financial aid.
Students with a Student Aid Index (SAI) at or above twice the maximum Pell Grant are no longer eligible for an SAI-based Pell Grant. For example, if the maximum Pell is $7,395, students with an SAI of $14,790 or higher would not qualify under this calculation.
Students whose grant and scholarship aid already covers their full cost of attendance (COA) generally cannot also receive a Pell Grant. Previously, Pell could often still be awarded even when other gift aid met the student's COA.
Certain foreign income that was previously excluded will now be considered when determining Pell eligibility, which could reduce eligibility for some students.
The law expands Pell eligibility to certain short-term workforce training and certificate programs, generally those lasting 150–599 clock hours and 8–15 weeks, provided they meet federal eligibility requirements. MJC is currently not participating in Workforce Pell.
Your federal loan eligibility will generally match the expected length of your academic program.
Example:
Tip: Meet with a counselor regularly and stay on track toward graduation.
If you attend less than full-time, your annual federal loan amount may be reduced based on the number of units you're taking. All loan students will need to be enrolled and maintian mininum of 6 units to remain eligibe for loans per term.
Federal student loans will have new lifetime borrowing limits.
If you plan to transfer or attend graduate school, consider borrowing only what you truly need now so you have eligibility remaining later.
Beginning July 1, 2026:
Students will need to plan their education more carefully. Because federal loan eligibility will be more closely tied to program length and borrowing limits, staying on track toward graduation, enrolling in the appropriate courses, and understanding future transfer or graduate school costs will become more important than under the previous rules.
If you're enrolled in the Saving on a Valuable Education (SAVE) Plan, your loan servicer began sending notifications on July 1, 2026. You have 90 days from the date of your notice to choose a different repayment plan.
Not sure which plan is right for you? Use the Repayment Calculator to compare your options and apply for a new repayment plan as soon as possible.
All borrowers in default on their federal student loans need to contact the Default Resolution Group. Through this group, borrowers will have the option to make monthly payments, enroll in an income-driven repayment plan (IDR), or sign up for loan rehabilitation.
Detailed information to help borrowers get out of default is also available at StudentAid.gov/end-default.
Starting July 1, 2026, borrowers who enroll in Auto Pay can receive a temporary 1% interest rate reduction on eligible federal student loans (up from the previous 0.25% discount).
This limited-time benefit is available through June 30, 2028. To receive the discount, enroll in Auto Pay by 11:59 p.m. ET on September 30, 2026.
Students now have access to all the great financial well-being resources on iGrad. Once you sign up you will gain access to explore videos, calculators, articles, tools and courses all from your dashboard.
Create your iGrad Account Today
The Public Benefit Finder for California Students helps make college more affordable by simplifying access to financial assistance and benefit programs. This user friendly tool, developed by California Competes, provides personalized recommendations for over 30 programs for tuition, housing, childcare support and more! Use this tool to find out what each program provides, if you are eligible, and how to apply. Explore the Finder here.
Student Financial Services provides quality student support for all students. Guiding students through the whole financial aid process efficiently, friendly and to full financial aid completion.
MJC Student Financial Services offers many types of financial aid to assist you with your financial needs as you pursue your educational goals. The Student Financial Services office is here to make sure all students receive accurate financial aid information. We are dedicated to assisting students and families through the financial aid process in the most effective and friendly manner possible. This site is designed to help you in this process and hopefully answers questions you may have regarding financial aid here at Modesto Junior College.
We look forward to providing you with excellent customer service and helping you achieve your academic goals.
MODESTO JUNIOR COLLEGE (MJC) NONDISCRIMINATION STATEMENT: MJC complies with all federal and state rules and regulations and does not discriminate on the basis of race, color, national origin, gender or disability. This holds true for all students who are interested in participating in educational programs and/or extracurricular school activities. Harassment of any employee/student with regard to race, color, national origin, gender or disability is strictly prohibited. Inquiries regarding compliance and/or grievance procedures may be directed to the college’s Title IX Officer and/or the Section 504/ADA Coordinator.
