You will then be notified through your NTC email account when your financial aid awards become available. Yes. Maximum total debt from Direct Loans - $57,500 but no more than $23,000 of that total may be in subsidized loans. 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. October 28, 2022. You can also request a tax return transcript atwww.irs.gov. 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). We will email your KCTCS email account with the result 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. 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 happy to help answer any questions you might have. Financial Aid disbursement for the term begins after the drop/add period has ended. Normal processing time for a FAFSA application is four to six weeks, beginning with the actual online submission to school file completion. . 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. login at my.ntc.edu to get started! 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. Student loans, unlike grants and work-study, are borrowed money thatmust be repaid,with interest. I still owe money for the installment plan. House Bill Eligibility Statement. When and how will I receive my financial aid at NCTC? All dates are subject to change. RANKED #1HEALTH SCIENCES- INTELLIGENT.COM. My parents do not claim me on their tax forms. 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. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. I am really independent. Student Financial Aid - Return of Title IV Aid Policy, Curricula - Career and Technical Education, North Central Texas College Student Handbook. 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. Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid NCTC's school code is 003558. 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. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. The definition of "Independent" is defined specifically by the law. No. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? 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. In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. 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). Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. Disbursement and Refunds Student Portal Financial Aid - Current Students Disbursement and Refunds After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. A simple formula determines your need at NCTC: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need. Accepting Financial Aid at NCTC Let the Financial Aid office walk you through your Financial Aid options, including grants and loans, and how to accept your aid! Check the status of your student loans for the current year. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. 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). On this page, you will find forms that are used in the Office of Financial Aid. The parent you lived with most in the last 12 months should complete the FAFSA. Select BankMobile Disbursementsin the left menu. On loans made under the Perkins Loan Program, all deferments are followed by a post-deferment grace period of 6 months, during which time you are not required to make payments. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. Federal Supplemental Education Opportunity Grant (SEOG), Federal subsidized and unsubsidized Stafford Loans. The enrollment period is the entire academic year (August to May). 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. You want to meet this deadline to be considered for all types of aid. Before borrowing any federal student loans all students are required to complete entrance counseling and master promissory note (loan agreement). Tuition is not the primary funding source for most Community Colleges. There are resources and calculators to help you estimate the amount of aid you may need or can receive. Welcome to the North Central Texas College Online Financial Aid System. Example: You were awarded $3,500 for the Fall/Spring term. Financial Aid refunds will be issued six weeks into the Fall/Spring terms. Example: You were awarded $3,500 for the Fall/Spring term. Its not just how to apply for financial aid, theres a lot you need to understand about your financial aid awards and how academic performance, policies, and other factors can impact them. If my parents are separated or divorced, who should complete the parent's information on the FAFSA? 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. For more information on disbursements and refunds, please contact either NTC or BankMobile Disbursements. Financial Aid students may purchase books at our campus bookstore from August 1st - September 1st for Fall 2022. FAFSA Application. You will need your data release number (DRN) for this option. Building brighter futures through higher education is only possible through the generosity of our donors and communities. Loan Request Form. Interest is not generally charged to you during a deferment on your subsidized loans. Experts say the. Use our step-by-step guide for applying for financial aid. How many hours do I have to be enrolled in to qualify for a Stafford Loan? To avoid any penalty, you must complete at least 60% of the semester. 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). Students whose applications are completed after final exams will receive their disbursements during the next semester and after grades have been reviewed . What happens to my financial aid if I withdraw from all classes at North Central Texas College? **PLEASE NOTE: The WebID is different than your NetID issued by the Admissions Office.**. 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. Consult with your financial aid advisor on this situation. Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. Financial aid will pay for 30 hours of remedial coursework. Bluegrass Community and Technical College, Kentucky Community & Technical College System. This can be done online at. Our office will help you find and secure the resources you need to keep you in college and meet your educational goals. 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. www.collegefortexans.com(Texas State Financial Aid)Information about State Programs. Fri . When your financial aid is posted to your account, any unpaid institutional charges (tuition and fees, books, dorm/meal plan, etc.) 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. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. NCTC Verification Process. 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. 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