Summer Awards Financial aid for summer classes is generally limited to students with remaining grant or loan eligibility and available need-based work study employment. All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. Mon, Feb 6 **1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student . How do I get the information to the Financial Aid Office? 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). Direct Loan (DL) Eligibility Requirements. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. Two loan disbursements are required for all federal direct loans and a 30-day delay on first disbursements for first-time borrowers. Inclusion does not constitute endorsement. Loan recipients who drop below half time will start using their loan grace period. 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. Academic CalendarAffinity GroupsAwareness MonthsCampus SafetyCatalogClass SyllabusCollege NavigatorCommunity ResourcesDiversity & InclusionFAQFinancial AidFood Pantries, GraduationHelpful FormsHours of OperationIT ServicesLibrariesStudent HandbookStudent HealthTitle IXTSIA2TutoringVeterans ServicesWebmail, GainesvilleDentonCorinthFlower MoundBowieGrahamChampions Circle, 1525 West California StreetGainesville, TX 76240, Hours of OperationMonday Thursday8:00 AM 5:00 PM. You want to meet this deadline to be considered for all types of aid. A deferment is a period during which you are entitled to postpone repayment of your loans. www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. awards adjusted to reflect any changes made. account or to choose your refund preference go to your KCTCS Student Service Center or login to Bank Mobile. Question 23. All refunds are processed weekly through Bank Mobile. This is an online Information Session via Webex. The paper SAR must be signed by you, and, if you are a dependent student, your parent. 8-week classes enrolling now | Reduce Plumbing Tuition by $2,500! Undergraduate students must be enrolled in at least six undergraduate hours. office/institution is closed. Accepting your loan(s) is a three part process! Financial Aid students may purchase books at our campus bookstore from August 1st - September 1st for Fall 2022. In addition, you must have an adequate GPA (2.0). When your financial aid is disbursed, the computer system determines your number of registered credits and adjusts accordingly any grant eligibility you may have. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. You will also be required to complete exit counseling. 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 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. for a deferred appeal. Disbursement of Financial Aid. You are a veteran of the U.S. Armed forces. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. All refunds are processed through Bank Mobile. Fall 2021, Spring 2022 & Summer 2022. No, you can still send your FAFSA in to apply for a Pell Grant and a Stafford Loan. Check Lion365 for when to register and get ready for whats next! North Central Texas College Federal School Code is 003558. 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. dates represent the earliest date funds can be applied to your account in the Bursars NCTC priority processing deadline is June 1st. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. This must be done every year. We defer incomplete appeals until you provide us with How can I set up a payment plan with the business office? Interest is always charged to you during a deferment on your unsubsidized loans. 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). 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. To activate your Bank Mobile account When and how will I receive my financial aid at NCTC? Financial Aid refunds will be issued six weeks into the Fall/Spring terms. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. FAFSA Application. Financial Aid Credit Balance Disclaimer All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. These items may include, but are not limited to, tuition, fees, textbook charges, library fines, parking tickets, returned check charges, etc. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. Consult with your financial aid advisor on this situation. These are priority deadlines and all applications will be processed as quickly as possible on a funds available basis. You will need your data release number (DRN) for this option. NCTC has six campuses throughout North Central Texas, and a training center. Federal application deadlines are October 1 of the prior year through June 30 of the following year. 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. www.collegefortexans.com(Texas State Financial Aid)Information about State Programs. View our institution's contract with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. BankMobile Disbursements is the Northcentral Technical College refund management provider that gives students the capability to select a refund preference in order to receive financial aid refunds. NCTC's school code is 003558. This will avoid corrections and delays in processing your aid. Dropping a class can reduce your Pell Grant and could also impact your future loan level. When I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? Will Financial Aid pay for all the classes I want to take? Student Financial Aid - Return of Title IV Aid Policy, Curricula - Career and Technical Education, North Central Texas College Student Handbook. Students must apply for financial aid each academic year. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. Federal Supplemental Education Opportunity Grant (SEOG), Federal subsidized and unsubsidized Stafford Loans. The Phone: 715.675.3331, Ext. 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 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. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. Accept or Reject your loans on your Financial Aid Portal. We will email your KCTCS email account with the result BankMobile Disbursements Student Help Desk Please ensure that you keep your mailing address current within myNTC. 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. 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. 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). 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. Once we receive your information, we'll notify you of your Web ID and you can then start using this system. Students whose enrollment changes may have financial aid 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. For questions regarding your refund contact the Bursars Office at (855) 246-2477 login at my.ntc.edu to get started! You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. 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. What will happen to my Stafford Loan if I drop below half time? Always check with NCTC Financial Aid Office for specific details. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our Because Summer is considered a stand-alone semester, the enrollment period is May to August. All student employees must choose how they want to receive their paycheck. House Bill Eligibility Statement. To select your preference, visit BankMobile Disbursements. 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. Remedial hours attempted beyond the 30 hour limit will not be included in the student course load for determining enrollment status. Tuition is not the primary funding source for most Community Colleges. 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. Please keep this in mind when budgeting. The U.S. Department of Education released official cohort default rates once per year. I'm going to be married during the school year. Financial Aid Census Date - Enrollment Lock-In . Origination fees are charged by the federal government for processing the loan. 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. Financial aid will pay for 30 hours of remedial coursework. www.fastweb.com (FastWeb)Good Scholarship Search program. Is a National Guard or Reserve enlistee who was called to active duty for purposes other than training. What if I didn't list NCTC federal school code on my FAFSA? 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. Our FAQ is a great resource for quickly finding answers to your questions. I've missed the NCTC May 1st priority deadline for the fall semester. Your Financial Aid funds will first be applied toward your outstanding balance. We can only consider complete appeals (with all required 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. Student Loans cannot be canceled due to unemployability or other financial hardship issues. The first disbursement for first-time, first-year borrowers of subsidized and unsubsidized loans will be 30 days after the beginning of the first semester enrolled at least half-time. SelectMake Your Initial Refund Selection. All dates are subject to change. Yes, if your parent is married on the day you completed the FAFSA. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. What will happen to my financial aid if I drop a class? To maintain Satisfactory Academic Progress you must be completing an acceptable percentage (67%) of attempted course work. 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 member of Minnesota State. There are resources and calculators to help you estimate the amount of aid you may need or can receive. First-time . All jobs are located on various campuses and currently pay $8.00/hour. Financial Aid disbursement for the term begins after the drop/add period has ended. 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. If you need to reset your password, please click on Forgot your Password to the left. 851 30th Ave SE :: Rochester, MN 55904-4999, Rochester Community and Technical College, The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Students who have exceeded their Lifetime Pell Eligibility, have exceeded their annual or aggregate loan limits, are in default on any student loan or owe an overpayment to the U.S. Department of Education or another institution are not eligible for financial aid. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. Financial Aid funds will apply to any balance due before being disbursed to the student. I am really independent. Office. Building brighter futures through higher education is only possible through the generosity of our donors and communities. 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). Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. 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. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. 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