AdmissionsProgramsStudent ServicesPaying for CollegeStudentsAlumniFoundationCommunityFaculty & Staff, 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, Leading at Every Level Excelling in Careers, the Community, and Caregiving, NCTC English awarded for outstanding program, NCTC Nursing Program Has a Soaring First-Time Certification Pass Rate, NCTCs Darrell Smith Participates in Semiconductor Panel Discussion. 2022-2023 Disbursement Dates **. How can I set up a payment plan with the business office? How do I get the information to the Financial Aid Office? 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. Loans are legal obligations, so before you take out a loan, think about the amount you'll have to repay over the years. Once you have received notification of your awards, you and your family can determine how much money your family will need to contribute. dates represent the earliest date funds can be applied to your account in the Bursars The dates listed above represent the last day to submit a complete appeal or documentation Our office will help you find and secure the resources you need to keep you in college and meet your educational goals. Fall Only Loans - Second Half of Loan. of your appeal within one business day unless our office/institution is closed. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our 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. To activate your Bank Mobile account 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. Because Summer is considered a stand-alone semester, the enrollment period is May to August. To avoid any penalty, you must complete at least 60% of the semester. Workforce Training & Professional Development. Financial Aid disbursements are based on student attendance as of the term census date. 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. When and how will I receive my financial aid at NCTC? You are eligible for deferment only if you are enrolled at least half time. Yes. Federal application deadlines are October 1 of the prior year through June 30 of the following year. Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. Rochester Community and Technical College. This website has additional information about state grants, exemptions, and waivers. How many hours do I have to be enrolled in to qualify for a Stafford Loan? 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! 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. You wont receive a North Central Texas College Financial Aid award letter until you have been accepted to NCTC. The FY 2018 national cohort default rate is 7.3%. Students receiving loans must have completed a Master Promissory Note (MPN) and Entrance Counseling online. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. Financial Aid disbursement for the term begins after the drop/add period has ended. House Bill Checklist. Accepting your loan(s) is a three part process! The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. No. Check the status of your student loans for the current year. I am really independent. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. 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 . 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. Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. Grants are determined by level of income. Once we receive your information, we'll notify you of your Web ID and you can then start using this system. I still owe money for the installment plan. Loan recipients who drop below half time will start using their loan grace period. 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. At that time, we will automatically deny any appeals for that Students whose enrollment changes may have financial aid Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. You want to meet this deadline to be considered for all types of aid. If a student is enrolled in courses that do not count toward their degree or certificate, they cannot be used to determine enrollment status. When and how will I receive my financial aid at NCTC? All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. . All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. An origination fee of 4.228% is charged upon disbursement. 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. If there is any money left over once your disbursement pays your tuition, fees, and/or book voucher, you will receive the remainder of that money in the form of a refund. Why do I have to apply for financial aid using my parent's information? The FY 2018 cohort default rate for North Central Texas College is 12.6%. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Registrations that occur after the end of the standard drop/add period are . www.nasfaa.org (NASFAA)Basic Financial Aid information for parents, students, and high school counselors. If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change? If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional . You can: To access the online system, enter your Web ID and your password. If you need to reset your password, please click on Forgot your Password to the left. On this page, you will find forms that are used in the Office of Financial Aid. Do I need to include their information on the FAFSA? It is the students responsibility to review all financial aid policies and the Financial Aid Guide. For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. 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. You must then accept, edit, or decline your awards for them to be processed. Consult with your financial aid advisor on this situation. However, it is best to complete your tax return early and provide accurate information. If you do not have your tax returns completed by mid March, you can estimate income figures on the FAFSA. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Students whose applications are completed after final exams will receive their disbursements during the next semester and after grades have been reviewed . You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. 851 30th Ave SE :: Rochester, MN 55904-4999, Rochester Community and Technical College, Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. Who is eligible for financial aid? And it's not uncommon for different programsbachelor's degree, associate degree, certificate program, etc. at the same school, to have different payment schedules. You may call 1-800-433-3233 to make the school code change. Your support invests in a better tomorrow for all North Central Texas. Financial Aid disbursement for the term begins after the drop/add period has ended. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. 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. 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. 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. 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 federal government is responsible for the interest that accumulates while you are in college at least half time with a subsidized Stafford Loan. Must be a citizen or eligible non-citizen. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. 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. Fall 2021, Spring 2022 & Summer 2022. Students whose applications are completed after semester exams will receive their awards and disbursements during the next semester and after attendance has been verified. What happens to my financial aid if I withdraw from all classes at North Central Texas College? Can I fill out my FAFSA as "Married" now since I will be married in a few months? documentation) for approval. 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