If you do not have your tax returns completed by mid March, you can estimate income figures on the FAFSA. What if I can't find my tax return, where can I get a copy? . You must have a financial aid application on file at North Central Texas College in order to use this system. Education expenses include school charges such as tuition, room and board, fees and indirect expenses such as books, supplies, equipment, dependent child care expenses, transportation and rental or purchase of a personal computer. The exit counseling session must be completed regardless if you plan to transfer to another school or re-enroll at our school in the future. We can only consider complete appeals (with all required DisclaimerStudents in search of scholarships to pay for college may find some of the links here useful; however, this information is provided for informational purposes only. Bluegrass Community and Technical College, Kentucky Community & Technical College System. Financial aid credit balances will be issued to students who are confirmed to be eligible students and meeting the requirements of the NCTC Financial Aid Satisfactory Academic Progress Policy. awards adjusted to reflect any changes made. This is an online Information Session via Webex. Are there other websites to look for scholarships and additional resources? Federal application deadlines are October 1 of the prior year through June 30 of the following year. Your support invests in a better tomorrow for all North Central Texas. 2022-2023 Disbursement Dates **. Example: You were awarded $3,500 for the Fall/Spring term. Check Lion365 for when to register and get ready for whats next! Our FAQ is a great resource for quickly finding answers to your questions. 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). Bluegrass Community and Technical College 500 Newtown Pike Lexington KY 40508 Toll Free: (855) 246-2477. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. 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. of your appeal within one business day unless our office/institution is closed. Then, select how you want your money delivered. A deferment is a period during which you are entitled to postpone repayment of your loans. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. The FY 2018 national cohort default rate is 7.3%. After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. Gainesville Denton Corinth Flower Mound Bowie Graham Champions Circle NCTC GRADUATE Success Stories How can I set up a payment plan with the business office? Students who have multiple start dates within a semester cannot receive aid until Financial Aid disbursement for the term begins after the drop/add period has ended. The amount of Pell Grant that you receive is based on the number of hours you are currently taking. Financial Aid Applications for the new school year open on October 1st of the prior year. 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. The parent you lived with most in the last 12 months should complete the FAFSA. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. To avoid any penalty, you must complete at least 60% of the semester. FAFSA applications are available to complete as early as October 1st of each year. If my parent has remarried, do I have to include my stepparent's information on the FAFSA? And it's not uncommon for different programsbachelor's degree, associate degree, certificate program, etc. at the same school, to have different payment schedules. Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. You are eligible for deferment only if you are enrolled at least half time. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. 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. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. 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. The definition of "Independent" is defined specifically by the law. When and how will I receive my financial aid at NCTC? First-time loan borrowers will receive a delay in disbursements. www.nasfaa.org (NASFAA)Basic Financial Aid information for parents, students, and high school counselors. Office. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? Gerard Hudspeth, Mayor of the City of Denton, NCTC Awareness Group, in honor of Womens History Month. Refunds Financial Aid funds will apply to any balance due before being disbursed to the student. The A simple formula determines your need at NCTC: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need. Disbursements 11.1 Definition of Disbursements and Disbursement Methods 11.2 Disbursement Dates and Schedules 11.3 Student and Parent Authorizations 11.4 Student and Parent Notifications 11.5 Undeliverable Title IV Funds 11.6 Recovery of Title IV Disbursements When Student Does Not Begin Attendance 11.7 Prior Year Charges You may call 1-800-433-3233 to make the school code change. Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid You will need your FSA ID for this option. Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. 8-week classes enrolling now | Reduce Plumbing Tuition by $2,500! Yes, loans are part of the federal student aid program and considered financial aid. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. 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. www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. 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). Tuition is not the primary funding source for most Community Colleges. NCTC's priority consideration dates for financial aid (FAFSA and all documents submitted): Check the status of your FAFSA Application, View a list of documents we've received from you and a list of the documents still outstanding, View your student loan history from NSLDS. The Financial Aid office will send an e-mail to the student that says, "thank you for applying for financial aid at North Central Texas College." In this e-email it will give the student steps on how to log onto the Financial Aid Portal, the student will follow the steps to go onto the portal to determine what . NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring . All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. Do I have to wait until I am admitted to the college before I apply for financial aid? However, it is best to complete your tax return early and provide accurate information. Workforce Training & Professional Development. dates represent the earliest date funds can be applied to your account in the Bursars This will depend on several factors such as your EFC (Expected Family Contribution), your loan level, types of benefits and other resources you have available. Student Employees can view pay stub information, print W-2 Wage and Tax Statements, and Form 1098-T Tuition Statement from the eServices Site under Student Employment. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. I've missed the NCTC May 1st priority deadline for the fall semester. All refunds are processed weekly through Bank Mobile. 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. Inclusion does not constitute endorsement. Financial Aid Resources The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Disbursement means the Financial Aid Office has applied funds from your financial aid award (such asgrantsand student loans) to any tuition, fees, or book chargesowed on your student customer account. How can I set up a payment plan with the business office? The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Be registered with Selective Service, if required. All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. Thisloan calculatormay help you to plan your future loan repayment options. 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. Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. Another option is to replace or insert our school code (003558) on your paper SAR (Student Aid Report) and mail it back to the processor. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. the required documentation. Phone: 877.327.9515, After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. Attendance must be confirmed in all courses before disbursements will be made. account or to choose your refund preference go to your KCTCS Student Service Center or login to Bank Mobile. Tues, July 12 : Tues, Sept 20 . When your financial aid is posted to your account, any unpaid institutional charges (tuition and fees, books, dorm/meal plan, etc.) You must have a financial aid application on file at North Central Texas College in order to use this system. Fri . Rochester Community and Technical College. Experts say the. How much will my family be expected to contribute towards my yearly college costs? You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. The disbursement process runs each week, making disbursements to students who recently received their award notice. What will happen to my Stafford Loan if I drop below half time? Accepting your loan(s) is a three part process! Financial aid will pay for 30 hours of remedial coursework. (Federal and State Grants will apply to your student account automatically. Email: studentfinance@ntc.edu Complete Student Loan Entrance Counseling, Complete and e-sign a Master Promissory Note (MPN). Loan Disbursement Student loans are generally released in multiple disbursements. It is critical that students verify information, particularly where deadlines are concerned. The Federal Parent Loan (PLUS) is available to the parents of dependent undergraduate students. If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional . or to choose your refund preference go to your KCTCS Student Service Center at https://students.kctcs.edu (new window) or login to Bank Mobile at www.RefundSelection.com (new window). Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. NCTC has six campuses throughout North Central Texas. Loan Request Form. Please remember that the lender may retain an origination fee. 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). documentation) for approval. the class(es) has started. Scholarships are grants or payments awarded on the basis of academic achievement, merit, need, classification, etc. Students whose enrollment changes may have financial aid 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. Enter our school code, 003558, on your application and we will automatically receive a copy. Eligibility for most VA benefits is based on discharge from active military service under anything other than dishonorable conditions. Interest is always charged to you during a deferment on your unsubsidized loans. Let the Financial Aid office walk you through your Financial Aid options, including grants and loans, and how to accept your aid! 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. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. The enrollment period is the entire academic year (August to May). This will avoid corrections and delays in processing your aid. In addition, students who attend and subsequently withdraw before financial aid is disbursed may be eligible to receive a Post-Withdrawal Disbursement of Title IV Funds for the earned aid that was not received. If you need to reset your password, please click on Forgot your Password to the left. Federal application deadlines are October 1 of the prior year through June 30 of the following year. If Financial Aid funds remain after tuition, fees, and all outstanding charges are paid, the remaining balance (often referred to as an overage check or a change check) will be released to you within 14 days. Once North Central Texas College Office of Financial Aid receives your FAFSA information, they will determine if you are eligible for the following types of financial aid. 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. Selecting your refund preference is an important step to take, because even if you dont qualify for a refund this semester, you may in the future. PLUS loans are the financial responsibility of the parents, not the student. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. You want to meet this deadline to be considered for all types of aid. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. Accept or Reject your loans on your Financial Aid Portal. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). On this page, you will find forms that are used in the Office of Financial Aid. Welcome to the North Central Texas College Online Financial Aid System. This can be done online at studentaid.gov . NTCs Student Finance Bachelor's Degree Verification. Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. The first disbursement will be at the beginning of the semester. Do I have to wait until I am admitted to the college before I apply for financial aid? Federal Supplemental Education Opportunity Grant (SEOG), Federal subsidized and unsubsidized Stafford Loans. In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. You also have access to lists of downloadable PDF forms you may need to make changes your information or your financial aid. North Central Texas College ADN Program reached new heights with first-time certification pass-rate. Loan recipients who drop below half time will start using their loan grace period. Student enrolled least half-time (6 hours), Parent complete Direct Plus Loan Master Promissory Note, Begins 60 days after the funds are fully disbursed, Request a deferment while the student is in school. The NCTC Financial Aid Office encourages prospective college students to apply early for financial aid. www.studentaid.ed.govFederal Student Aid Gateway-the source for free information, guidance and tools for federal student assistance-from the U.S. Department of Education's office of Federal Student Aid. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. You will then be notified through your, Before borrowing any federal student loans all students are required to complete entrance counseling and master promissory note (loan agreement). Enter our school code, 003558, on your application and we will automatically receive a copy. BankMobile Disbursements Refund Information. NCTC's school code is 003558. What happens to my financial aid if I withdraw from all classes at North Central Texas College? Office. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). There are resources and calculators to help you estimate the amount of aid you may need or can receive. Registrations that occur after the end of the standard drop/add period are . Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. A member of Minnesota State. If you're a first-time borrower, your first disbursement cannot take place until 30 days after the first day of your enrollment period begins (see refund dates). You can also request a tax return transcript atwww.irs.gov. This must be done every year. Interest is not generally charged to you during a deferment on your subsidized loans. Two loan disbursements are required for all federal direct loans and a 30-day delay on first disbursements for first-time borrowers. Student loans can get you large amounts of money, but must be paid back with interest. Must meet satisfactory academic progress as determined by the Financial Aid Office. If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change? Select BankMobile Disbursementsin the left menu. I am really independent. How many hours do I have to be enrolled in to qualify for a Stafford Loan? 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. 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 enrollment period is the single semester (August to December or January to May). Students must be enrolled in classes for the term in which funds are being disbursed and have begun attendance. To activate your Bank Mobile The Financial Aid Office cannot guarantee the arrival or disbursement of funds. Disbursements are calculated based on the students enrollment as of the end of drop/add and take into account any grades of F, FW, FN, or Withdraws. Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid. This info session will take place in-person on the Corinth Campus, Room 214. Please ensure that you keep your mailing address current within myNTC. Fall Only Loans - Second Half of Loan. We defer incomplete appeals until you provide us with No. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. Freshman - $5,500 per academic year ($3,500 maximum in subsidized loans and $2,000 maximum in unsubsidized loans or up to the cost of attendance), Sophomore - $6,500 per academic year ($4,500 maximum in subsidized loans and $2,000 maximum in unsubsidized loans or up to the cost of attendance). > LIONS > FINANCIAL AID > DISBURSEMENT DATES. You are a veteran of the U.S. Armed forces. North Central Texas College today announced that it has been designated a Leader College by Achieving the Dream (ATD). for a deferred appeal. You must accurately report marital status at the time you complete the FAFSA. Consult with your financial aid advisor on this situation. My parents do not claim me on their tax forms. Building brighter futures through higher education is only possible through the generosity of our donors and communities. 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. House Bill Checklist. Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . **PLEASE NOTE: The WebID is different than your NetID issued by the Admissions Office.**. You shouldnt miss out on your education just because of money. The dates represent the earliest date funds can be applied to your account in the Bursar's Office. Students can obtain a Student ID/MasterCard from the Business Office. SelectMake Your Initial Refund Selection. To activate your Bank Mobile account If you havent made your refund preference selection, Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes. All student employees must choose how they want to receive their paycheck. I still owe money for the installment plan. Whether you need to change an address, locate loan deferment forms, or just print out forms needed for a work-study position, all of this and much more can be found here. Eligibility for a summer loan depends on your grade level, degree plan, and amount of loans you have already borrowed for the academic year. Mon, June 20 : Mon, Aug 29 . Example: You were awarded $3,500 for the Fall/Spring term. Have engaged in active service in the U.S. Army, Navy, Air Force, Marines, and Coast Guard. Will my Financial Aid be applied to my remaining balance? When and how will I receive my financial aid at NCTC? Loans require a separate application be completed before funds will disburse.) NCTCs English department and its First-Year Composition Program has been announced as the winner of 2023 Diana Hacker TYCA Award for Outstanding Programs in English. See the definition of an independent studentin the next section. 851 30th Ave SE :: Rochester, MN 55904-4999, Rochester Community and Technical College, Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. How do I get the information to the Financial Aid Office? login at my.ntc.edu to get started! Replacement cards cost $20. An origination fee of 4.228% is charged upon disbursement. Dropping a class can also create satisfactory academic progress problems, and you might not be eligible for any future financial aid assistance. If my parents are separated or divorced, who should complete the parent's information on the FAFSA? When I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? September 23, 2022. Must be enrolled at least half-time (six hours) each semester. The FY 2018 cohort default rate for North Central Texas College is 12.6%. Spring 2023 - 2nd 8 Week Only Start. Disbursement occurs every Friday thereafter. 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. Form 4506-T IRS Tax Return Transcript Request. The DRN is the four-digit number located in the bottom left hand corner of the SAR. * If all requested documents are submitted by the published deadline dates, financial aid funds will be disbursed on the scheduled date. The paper SAR must be signed by you, and, if you are a dependent student, your parent. NCTC considers the summer semester as part of the preceding award year and all summer sessions are considered as one semester for determining enrollment status, grant and loan eligibility. 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). Federal Direct Subsidized LoanSubsidized Students Loans are need-based loans whose interest is guaranteed by the federal government while the student is in school. Once you have received notification of your awards, you and your family can determine how much money your family will need to contribute. You will then be notified through your NTC email account when your financial aid awards become available. Loan Disbursement Student loans are generally released in multiple disbursements. Must not be in default on any federal loan or owe a refund back to any federal program (nor your parent when applying for a PLUS loan.). Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. Yes, if your parent is married on the day you completed the FAFSA. 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. Financial Aid Credit Balance Disclaimer We will email your KCTCS email account with the result All refunds are processed through Bank Mobile. Use of Funds Financial Aid funds are used only to pay for your education expenses at the school that is giving you the money.