NCTC has six campuses throughout North Central Texas, and a training center. A simple formula determines your need at NCTC: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need. This website has additional information about state grants, exemptions, and waivers. Office. There are resources and calculators to help you estimate the amount of aid you may need or can receive. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. House Bill Eligibility Statement. Students must apply for financial aid each academic year. No. $20M+ ANNUALLY IN FINANCIAL AID $800,000+ ANNUALLY IN SCHOLARSHIPS 7 Locations across north central texas NCTC has six campuses throughout North Central Texas, and a training center. 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. www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. 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. Example: You were awarded $3,500 for the Fall/Spring term. Loan Request Form. Example: You were awarded $3,500 for the Fall/Spring term. Must be enrolled at least half-time (six hours) each semester. Students who have multiple start dates within a semester cannot receive aid until The NCTC Financial Aid Office encourages prospective college students to apply early for financial aid. 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 student employees must choose how they want to receive their paycheck. If you do not have your tax returns completed by mid March, you can estimate income figures on the FAFSA. How can I set up a payment plan with the business office? We will email your KCTCS email account with the result Summer and Fall semester registration is currently open. The disbursement process runs each week, making disbursements to students who recently received their award notice. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. First Time Borrowers. What happens to my financial aid if I withdraw from all classes at North Central Texas College? How much will my family be expected to contribute towards my yearly college costs? 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. Student loans are generally released in multiple disbursements. Bachelor's Degree Verification. To activate your Bank Mobile How can I set up a payment plan with the business office? Will Financial Aid pay for all the classes I want to take? Once we receive your information, we'll notify you of your Web ID and you can then start using this system. House Bill Checklist. We encourage you use our Net Price Calculator. 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). Students must be reported as attending course (s) in order for a disbursement to occur. What will happen to my financial aid if I drop a class? 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. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. 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. You might want to wait and complete your FAFSA after you are married. Remedial hours attempted beyond the 30 hour limit will not be included in the student course load for determining enrollment status. 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. The enrollment period is the single semester (August to December or January to May). And it's not uncommon for different programsbachelor's degree, associate degree, certificate program, etc. at the same school, to have different payment schedules. Your support invests in a better tomorrow for all North Central Texas. No, apply as soon as possible after January 1 and list the codes for all schools that you are considering on the Free Application for Federal Student Aid (FAFSA). Origination fees are charged by the federal government for processing the loan. Financial Aid Census Date - Enrollment Lock-In . Do I have to apply for financial aid every year? These are priority deadlines and all applications will be processed as quickly as possible on a funds available basis. Two loan disbursements are required for all federal direct loans and a 30-day delay on first disbursements for first-time borrowers. Yes. This must be done every year. Then, select how you want your money delivered. Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . 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). Loans are legal obligations, so before you take out a loan, think about the amount you'll have to repay over the years. Students whose enrollment changes may have financial aid Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. The U.S. Department of Education released official cohort default rates once per year. 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. 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. If you dont have an unmet need, your other aid would be reduced. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. FAFSA applications are available to complete as early as October 1st of each year. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. Experts say the. 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. Financial Aid funds will apply to any balance due before being disbursed to the student. 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. Plan the rest of your year with NCTC! NTCs Student Finance Institutional Information General Institutional Information I'm going to be married during the school year. www.irs.gov (Internal Revenue Service)Tax information. To avoid any penalty, you must complete at least 60% of the semester. Will my Financial Aid be applied to my remaining balance? 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. of your appeal within one business day unless our office/institution is closed. Fri . For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. An origination fee of 4.228% is charged upon disbursement. Form 4506-T IRS Tax Return Transcript Request, TASFA Texas Application for State Financial Aid, TASFA Texas Application for State Financial Aid (ESP), Selective Service Statement of Registration Status, VA-1995-Change of Program/Place of Training, VA-5495-DEA Change of Program/Place of Training, 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. Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. The dates listed above represent the last day to submit a complete appeal or documentation All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. Federal Direct Subsidized LoanSubsidized Students Loans are need-based loans whose interest is guaranteed by the federal government while the student is in school. Student Loans cannot be canceled due to unemployability or other financial hardship issues. You will need your data release number (DRN) for this option. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. Mon, June 20 : Mon, Aug 29 . All dates are subject to change. Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. You shouldnt miss out on your education just because of money. Example: You were awarded $3,500 for the Fall/Spring term. Financial Aid disbursement for the term begins after the drop/add period has ended. My parents do not claim me on their tax forms. If you havent made your refund preference selection, login at MyNTC to get started. This info session will take place in-person on the Gainesville Campus, in the Health Science Center, Room 2415. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. Rochester Community and Technical College. This can be done online at studentaid.gov . 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 The parent you lived with most in the last 12 months should complete the FAFSA. 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! Use our step-by-step guide for applying for financial aid. 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. 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. (Federal and State Grants will apply to your student account automatically. 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). 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. Summer refunds vary based on individual student's course start date. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. 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. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. You will need your FSA ID for this option. Each semester available basis, you can then start using this system ( Selective Service the appropriate semester for whose! 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