www.nslds.ed.gov (Information about your previous student loan)Students with Previous loans can get information about who owns their loan, how much they owe, etc. www.nasfaa.org (NASFAA)Basic Financial Aid information for parents, students, and high school counselors. Loan Request Form. Then, select how you want your money delivered. Why do I have to apply for financial aid using my parent's information? You will receive one half each semester in which you are enrolled at least six hours and meet North Central Texas College Satisfactory Academic Progress as determined by the Financial Aid Office. Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . Refunds If you do not have your tax returns completed by mid March, you can estimate income figures on the FAFSA. Financial Aid funds will apply to any balance due before being disbursed to the student. The enrollment period is the single semester (August to December or January to May). You are a veteran of the U.S. Armed forces. Should I wait to file my FAFSA until my taxes are done? When and how will I receive my financial aid at NCTC? Institutional Information General Institutional Information How can I set up a payment plan with the business office? You are responsible for the interest that accumulates while you are in college with an unsubsidized Stafford Loan. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Disbursement of Financial Aid. Students must be enrolled in classes for the term in which funds are being disbursed and have begun attendance. You will receive $1,750 (minus what you owe the school) 30 days after the start of the Fall semester and $1,750 (minus what you owe the school) 30 days after the start of the Spring Semester (see refund dates). NCTC has six campuses throughout North Central Texas, and a training center. What if I didn't list NCTC federal school code on my FAFSA? All student employees must choose how they want to receive their paycheck. This website has additional information about state grants, exemptions, and waivers. Workforce Training & Professional Development. This info session will take place in-person on the Corinth Campus, Room 214. How many hours do I have to be enrolled in to qualify for a Stafford Loan? NTCs Student Finance Inclusion does not constitute endorsement. for a deferred appeal. www.tgslc.org (Texas Guaranteed Student Loan Corporation)Great basic information for students of all ages. Your support invests in a better tomorrow for all North Central Texas. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. Can I fill out my FAFSA as "Married" now since I will be married in a few months? Disbursement occurs every Friday thereafter. Unlike a loan, grants dont have to be paid back unless you reduce your course load, never attend or quit attending class, or withdraw from school before the end of the semester. The Federal Parent Loan (PLUS) is available to the parents of dependent undergraduate students. Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid. The federal government is responsible for the interest that accumulates while you are in college at least half time with a subsidized Stafford Loan. 2021-2022 Forms. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. Financial Aid refunds will be issued six weeks into the Fall/Spring terms. This is an online Information Session via Webex. Fall 2021, Spring 2022 & Summer 2022. Once we receive your information, we'll notify you of your Web ID and you can then start using this system. Replacement cards cost $20. What is the difference between a subsidized and unsubsidized Stafford Loan? BankMobile Disbursements Refund Information. Check the status of their FAFSA Application, View a list of documents the Financial Aid Office has received and a list of documents still outstanding, View their student loan history from NSLDS, Check the status of their student loans for the current year. Disbursements are calculated based on the student's enrollment as of the end of drop/add and take into account any grades of F, FW, FN, or Withdraws. If you havent made your refund preference selection, login at MyNTC to get started. Students who receive their award notification after the initial disbursement date for the term can expect their funds to be prepared for disbursement within one to two weeks. Check Lion365 for when to register and get ready for whats next! Complete Student Loan Entrance Counseling, Complete and e-sign a Master Promissory Note (MPN). Bluegrass Community and Technical College, Kentucky Community & Technical College System. Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. All dates are subject to change. This will avoid corrections and delays in processing your aid. A deferment is a period during which you are entitled to postpone repayment of your loans. Interest is always charged to you during a deferment on your unsubsidized loans. Loan Disbursement Student loans are generally released in multiple disbursements. Financial aid funds are electronically credited to a student's bill as long as the aid has been accepted in the NCTC Financial Aid Portal and all loan required documents have been received. Gainesville Denton Corinth Flower Mound Bowie Graham Champions Circle NCTC GRADUATE Success Stories The dates represent the earliest date funds can be applied to your account in the Bursar's Office. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. Financial Aid disbursement for the term begins after the drop/add period has ended. Attendance must be confirmed in all courses before disbursements will be made. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. FAFSA applications are still processed after the priority deadline, however, students may have to secure classes by paying tuition out-of-pocket because their FAFSA application did not meet the deadline. You are eligible for deferment only if you are enrolled at least half time. PLUS loans are the financial responsibility of the parents, not the student. Let the Financial Aid office walk you through your Financial Aid options, including grants and loans, and how to accept your aid! Two disbursement during the Fall Semester and two during the Spring Semester. Who is eligible for financial aid? Priority deadlines may be set by each state or college. Accepting your loan(s) is a three part process! When and how will I receive my financial aid at NCTC? You will then be notified through your NTC email account when your financial aid awards become available. Financial Aid funds are used only to pay for your education expenses at the school that is giving you the money. To select your preference, visit BankMobile Disbursements. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. I've missed the NCTC May 1st priority deadline for the fall semester. When your financial aid is disbursed, the computer system determines your number of registered credits and adjusts accordingly any grant eligibility you may have. Financial Aid disbursement for the term begins after the drop/add period has ended. Do I have to wait until I am admitted to the college before I apply for financial aid? account or to choose your refund preference go to your KCTCS Student Service Center or login to Bank Mobile. Remedial hours attempted beyond the 30 hour limit will not be included in the student course load for determining enrollment status. www.irs.gov (Internal Revenue Service)Tax information. House Bill Eligibility Statement. Do I have to apply for financial aid every year? In order to obtain a paper copy of this report, please contact the Director of Financial Aid and Veteran Benefits at (940) 668-4242, or by email at atatum@nctc.edu. Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting. Education expenses include charges such as tuition, room and board, fees and indirect expenses like books, supplies, equipment, child care expenses, transportation and rental or purchase of a personal computer. Must meet satisfactory academic progress as determined by the Financial Aid Office. www.maldef.orgScholarships for undocumented students. At that time, we will automatically deny any appeals for that The parent you lived with most in the last 12 months should complete the FAFSA. This applies to single-semester loans (summer only, fall only, and spring only) as well as loans that are automatically split between fall/spring. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. awards adjusted to reflect any changes made. Student loans, unlike grants and work-study, are borrowed money thatmust be repaid,with interest. North Central Texas College disburses all financial aid credit balances, including Direct Loans, to the NCTC Student ID/MasterCard (unless you designate another financial institution). Maximum total debt from Direct Loans - $31,000 - but no more than $23,000 of that total may be in subsidized loans. Phone: 877.327.9515, After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. The You shouldnt miss out on your education just because of money. First Time Borrowers. Fri . College financial aid disbursement refers to the aid payment process, which typically happens around the time classes start in the form of a credit to the student's account. Be registered with Selective Service, if required. Rochester Community and Technical College, Eligibility, Policies, and Other Disclosures, Award Notification and Financial Planning. You must accurately report marital status at the time you complete the FAFSA. Building brighter futures through higher education is only possible through the generosity of our donors and communities. A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loans or William D. Ford Federal Direct Loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. First-time . Example: You were awarded $3,500 for the Fall/Spring term. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. Example: You were awarded $3,500 for the Fall/Spring term. of your appeal within one business day unless our office/institution is closed. If my parent has remarried, do I have to include my stepparent's information on the FAFSA? Financial Aid Credit Balance Disclaimer Form 4506-T IRS Tax Return Transcript Request. Eligibility for a summer loan depends on your grade level, degree plan, and amount of loans you have already borrowed for the academic year. Some programs, particularly grant programs, have limited funds, so the earlier we receive your application and all supporting documents, the greater the chance for you to receive funds from these programs. If you need to reset your password, please click on Forgot your Password to the left. Plan the rest of your year with NCTC! A member of Minnesota State. Must be enrolled at least half-time (six hours) each semester. Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes. Federal Direct Unsubsidized LoanUnsubsidized Student Loans are non-need based loans where the borrower is responsible for the interest on the loans as soon as the funds are disbursed. Financial Aid disbursements are based on student attendance as of the term census date. Late or incomplete financial aid applications will be accepted and processed past the semester priority deadlines, but students must make arrangements to pay for the semester prior to school starting or at the time of actual registration. Undergraduate students must be enrolled in at least six undergraduate hours. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. > LIONS > FINANCIAL AID > DISBURSEMENT DATES. We will email your KCTCS email account with the result The U.S. Department of Education released official cohort default rates once per year. NCTC's school code is 003558. The DRN is the four-digit number located in the bottom left hand corner of the SAR. Were happy to help answer any questions you might have. You will need your FSA ID for this option. What will happen to my financial aid if I drop a class? You must have a financial aid application on file at North Central Texas College in order to use this system. We defer incomplete appeals until you provide us with Students must apply for financial aid each academic year. Effective October 1, 2021 the origination fee is 1.057% of the award amount and is deducted from the proceeds of your loan by your lender and paid to the federal government. Check the status of your student loans for the current year. Tues, July 12 : Tues, Sept 20 . I still owe money for the installment plan. This can be done online at. NCTC has six campuses throughout North Central Texas. Some students may not receive a refund after the first disbursement if all charges have not been paid, whereas other students may receive a partial refund followed by another refund later in the semester. If for some unexpected reason a student drops below half-time enrollment (fewer than 6 enrolled credits) at the time that the second disbursement would occur, the second half of any student loans will be canceled. The second disbursement will be at the midpoint of the semester. Origination fees are charged by the federal government for processing the loan. How do I get the information to the Financial Aid Office? SelectMake Your Initial Refund Selection. Before borrowing any federal student loans all students are required to complete entrance counseling and master promissory note (loan agreement). All refunds are processed weekly through Bank Mobile. If you don't remember your Web ID, please contact the Financial Aid Office at finaid@nctc.eduor by phone at 940-668-4242, OR you can click on Forgot your WebID to the left. For more information on disbursements and refunds, please contact either NTC or BankMobile Disbursements. . Maximum total debt from Direct Loans - $57,500 but no more than $23,000 of that total may be in subsidized loans. Students must enroll in at least six credit hours each semester, meet Standards of Satisfactory Academic Progress, and not have a previously defaulted loan(s). The term "disbursement" refers to the earliest date the college may receive financial aid funds and apply them to your account, not the date the student will receive a refund. 2022-2023 Disbursement Dates **. Financial aid will pay for 30 hours of remedial coursework. In addition, you must have an adequate GPA (2.0). office/institution is closed. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. If you drop a class before the census date, your award eligibility will be reduced if it changes your attendance status (full-time, three-quarter time, half-time). North Central Texas College disburses all financial aid credit balances, including Direct Loans, to the student based on the "Student Refund Choice" made through the MyNCTC student portal. Federal application deadlines are October 1 of the prior year through June 30 of the following year. An origination fee of 4.228% is charged upon disbursement. NCTC priority processing deadline is June 1st. Federal Work-Study (FWS) and Texas College Work-Study (CWS) are work programs where you can earn up to the amount listed on your award letter. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. When I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? Loan recipients who drop below half time will start using their loan grace period. How much will my family be expected to contribute towards my yearly college costs? Direct Loan (DL) Eligibility Requirements. Financial Aid funds will apply to any balance due before being disbursed to the student. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. If you are receiving Federal Student Aid and completely withdraw from the college, you may be required to pay back the unearned portion of the money. 8-week classes enrolling now | Reduce Plumbing Tuition by $2,500! The amount of Pell Grant that you receive is based on the number of hours you are currently taking. Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. If you did not live with one parent more than the other, answer in terms of the parent who provided the most financial support during the last 12 months or during the most recent calendar year that you actually were supported by a parent. North Central Texas College disburses all financial aid credit balances, including Direct Loans, to the student based on the "Student Refund Choice" made through the MyNCTC student portal. Neither the Office of Financial Aid nor North Central Texas College can guarantee the accuracy or the timeliness of information found at any of the links above. During completion of your Financial Aid file, you have the opportunity to give the College permission to apply your Financial Aid funds toward any unpaid balance you may have. If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional Student ID MasterCard (unless the student designates another financial institution). My parents do not claim me on their tax forms. Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. Students receiving loans must have completed a Master Promissory Note (MPN) and Entrance Counseling online. Freshman - $9,500 per academic year ($3,500 maximum in subsidized loans and $6,000 maximum in unsubsidized loans or up to the cost of attendance), Sophomore - $10,500 per academic year ($4,500 maximum in subsidized loans and $6,000 maximum in unsubsidized loans or up to the cost of attendance). IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our Our FAQ is a great resource for quickly finding answers to your questions. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. Mon, June 20 : Mon, Aug 29 . Visit the business office or set up your payment plan online. Students who do not meet these deadlines run the risk of paying out of pocket for tuition, fees, and books because of a late or incomplete financial aid application. How can I set up a payment plan with the business office? Financial Aid Applications for the new school year open on October 1st of the prior year. To maintain Satisfactory Academic Progress you must be completing an acceptable percentage (67%) of attempted course work. The NCTC Financial Aid Office encourages prospective college students to apply early for financial aid. If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change? Must be a citizen or eligible non-citizen. You want to meet this deadline to be considered for all types of aid. You can also request a tax return transcript atwww.irs.gov. Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid www.finaid.orgBasic Financial Aid information, scholarship search, financial aid calculators, etc. Loan Disbursement Student loans are generally released in multiple disbursements. You can: To access the online system, enter your Web ID and your password. Financial Aid Resources The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). 851 30th Ave SE :: Rochester, MN 55904-4999, Rochester Community and Technical College, Please note, to be considered complete, a FAFSA application must include any and all requested supporting documents as well as have been received and been processed no later than the priority deadlines mentioned above. dates represent the earliest date funds can be applied to your account in the Bursars Loans are legal obligations, so before you take out a loan, think about the amount you'll have to repay over the years. To qualify for summer student loans you must have unused funds remaining from the school year and must be registered for at least 6 hours. 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