We defer incomplete appeals until you provide us with Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. The first card is free. 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 can: To access the online system, enter your Web ID and your password. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. NCTC priority processing deadline is June 1st. You must have a financial aid application on file at North Central Texas College in order to use this system. To avoid any penalty, you must complete at least 60% of the semester. I still owe money for the installment plan. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our RCTC provides accessible, affordable, quality learning opportunities to serve a diverse and growing community. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. Welcome to the North Central Texas College Online Financial Aid System. Disbursement of Financial Aid. Students who have multiple start dates within a semester cannot receive aid until All refunds are processed weekly through Bank Mobile. The enrollment period is the single semester (August to December or January to May). You are responsible for the interest that accumulates while you are in college with an unsubsidized Stafford Loan. Students must be enrolled in classes for the term in which funds are being disbursed and have begun attendance. Accepting your loan(s) is a three part process! The definition of "Independent" is defined specifically by the law. Students can obtain a Student ID/MasterCard from the Business Office. Student loans can get you large amounts of money, but must be paid back with interest. 2022-2023 Disbursement Dates **. The second disbursement will be 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. Interest is not generally charged to you during a deferment on your subsidized loans. 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. www.fastweb.com (FastWeb)Good Scholarship Search program. The NCTC Financial Aid Office encourages prospective college students to apply early for financial aid. NCTC's school code is 003558. Federal Supplemental Education Opportunity Grant (SEOG), Federal subsidized and unsubsidized Stafford Loans. 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. login at my.ntc.edu to get started! Phone: 715.675.3331, Ext. dates represent the earliest date funds can be applied to your account in the Bursars Replacement cards cost $20. 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. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. NTCs Student Finance Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting. 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. Be registered with Selective Service, if required. An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. Is it useless to file a Free Application for Federal Student Aid (FAFSA) now? You will need your data release number (DRN) for this option. How can I set up a payment plan with the business office? Let the Financial Aid office walk you through your Financial Aid options, including grants and loans, and how to accept your aid! Visit the business office or set up your payment plan online. 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). Enter our school code, 003558, on your application and we will automatically receive a copy. You will automatically be considered independent for financial aid purposes if you meet one or more of the following criteria: You are married on the date you complete the FAFSA (answer "Yes" if you are separated but not divorced). Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid. North Central Texas College disburses all financial aid credit balances, including Direct Loans, to the NCTC Student ID/MasterCard (unless you designate another financial institution). 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. 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. 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. 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. 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. 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 first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. Financial Aid disbursements are based on student attendance as of the term census date. Direct Loan (DL) Eligibility Requirements. Dropping a class can also create satisfactory academic progress problems, and you might not be eligible for any future financial aid assistance. If you havent made your refund preference selection, documentation) for approval. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. What if I didn't list NCTC federal school code on my FAFSA? IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. North Central Texas College Federal School Code is 003558. Undergraduate students must be enrolled in at least six undergraduate hours. House Bill Checklist. 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 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). Example: You were awarded $3,500 for the Fall/Spring term. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. Loan Request Form. 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 . Once we receive your information, we'll notify you of your Web ID and you can then start using this system. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. An origination fee of 4.228% is charged upon disbursement. All refunds are processed through Bank Mobile. Yes, loans are part of the federal student aid program and considered financial aid. See the definition of an independent studentin the next section. What is the difference between a subsidized and unsubsidized Stafford Loan? This is an online Information Session via Webex. Student Loans cannot be canceled due to unemployability or other financial hardship issues. Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. Attendance must be confirmed in all courses before disbursements will be made. 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. Disbursement occurs every Friday thereafter. 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. Tuition is not the primary funding source for most Community Colleges. Loans require a separate application be completed before funds will disburse.) Summer refunds vary based on individual student's course start date. This can be done online at studentaid.gov . Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. 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.). Normal processing time for a FAFSA application is four to six weeks, beginning with the actual online submission to school file completion. Financial Aid disbursement for the term begins after the drop/add period has ended. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. Do I need to include their information on the FAFSA? A deferment is a period during which you are entitled to postpone repayment of your loans. 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. of your appeal within one business day unless our office/institution is closed. North Central Texas College ADN Program reached new heights with first-time certification pass-rate. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. How can I set up a payment plan with the business office? 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. 1443 If you havent made your refund preference selection, login at MyNTC to get started. However, it is best to complete your tax return early and provide accurate information. Students whose applications are completed after semester exams will receive their awards and disbursements during the next semester and after attendance has been verified. Late or incomplete financial aid applications will be accepted and processed past the semester priority deadlines, but students must make arrangements to pay for the semester prior to school starting or at the time of actual registration. Mon, Feb 6 **1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student . For questions regarding your refund contact the Bursars Office at (855) 246-2477 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. SelectMake Your Initial Refund Selection. Student loans are generally released in multiple disbursements. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. I still owe money for the installment plan. Financial Aid refunds will be issued six weeks into the Fall/Spring terms. 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). RCTC delivers Financial Aid change checks, student employment paychecks, and refunds using BankMobile Disbursements, a technology solution powered by BMTX, Inc.For more information on how to select your refund preference, please see the refund selection information on our website. Must be enrolled at least half-time (six hours) each semester. Registrations that occur after the end of the standard drop/add period are . Financial Aid Applications for the new school year open on October 1st of the prior year. Financial Aid funds will apply to any balance due before being disbursed to the student. It is the students responsibility to review all financial aid policies and the Financial Aid Guide. These are priority deadlines and all applications will be processed as quickly as possible on a funds available basis. I'm going to be married during the school year. Do I have to wait until I am admitted to the college before I apply for 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. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. If you do not have your tax returns completed by mid March, you can estimate income figures on the FAFSA. Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. 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