Institutional Information General Institutional Information Student loans are generally released in multiple disbursements. Financial Aid Applications for the new school year open on October 1st of the prior year. 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. Select BankMobile Disbursementsin the left menu. 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. **PLEASE NOTE: The WebID is different than your NetID issued by the Admissions Office.**. 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. NCTC has six campuses throughout 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). www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. $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. Phone: 877.327.9515, After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. Some programs, particularly grant programs, have limited funds, so the earlier we receive your application and all supporting documents, the greater the chance for you to receive funds from these programs. For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. No, you can still send your FAFSA in to apply for a Pell Grant and a Stafford Loan. How can I set up a payment plan with the business office? First Time Borrowers. Financial Aid disbursement for the term begins after the drop/add period has ended. In addition, you must have an adequate GPA (2.0). The first disbursement will be at the beginning of the semester. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. The second disbursement will be at the midpoint of the semester. Students must apply for financial aid each academic year. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. Example: You were awarded $3,500 for the Fall/Spring term. FAFSA Application. RANKED #1HEALTH SCIENCES- INTELLIGENT.COM. 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. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. How much will my family be expected to contribute towards my yearly college costs? Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . All refunds are processed weekly through Bank Mobile. 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. www.nasfaa.org (NASFAA)Basic Financial Aid information for parents, students, and high school counselors. Plan the rest of your year with NCTC! Office. Tues, July 12 : Tues, Sept 20 . 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). 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. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our Must be enrolled at least half-time (six hours) each semester. academic term that are still in a deferred state. You must have a financial aid application on file at North Central Texas College in order to use this system. Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. When and how will I receive my financial aid at NCTC? Freshman - $5,500 per academic year ($3,500 maximum in subsidized loans and $2,000 maximum in unsubsidized loans or up to the cost of attendance), Sophomore - $6,500 per academic year ($4,500 maximum in subsidized loans and $2,000 maximum in unsubsidized loans or up to the cost of attendance). A deferment is a period during which you are entitled to postpone repayment of your loans. Financial Aid Resources The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Will my Financial Aid be applied to my remaining balance? Check Lion365 for when to register and get ready for whats next! You are eligible for deferment only if you are enrolled at least half time. Priority deadlines may be set by each state or college. (Federal and State Grants will apply to your student account automatically. Registrations that occur after the end of the standard drop/add period are . Our office will help you find and secure the resources you need to keep you in college and meet your educational goals. Fri . Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. First-time loan borrowers will receive a delay in disbursements. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. 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. Must meet satisfactory academic progress as determined by the Financial Aid Office. It is critical that students verify information, particularly where deadlines are concerned. 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. Student loans, unlike grants and work-study, are borrowed money thatmust be repaid,with interest. Normal processing time for a FAFSA application is four to six weeks, beginning with the actual online submission to school file completion. Financial Aid disbursements are based on student attendance as of the term census date. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change? Student loans can get you large amounts of money, but must be paid back with interest. Office. 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! 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. You will be eligible for summer financial aid if you have not already reached your maximum annual or aggregate limits on loans and Pell Grants during the fall and spring semesters. To avoid any penalty, you must complete at least 60% of the semester. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. Interest is not generally charged to you during a deferment on your subsidized loans. Yes. In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. 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. The Financial Aid funds will apply to any balance due before being disbursed to the student. To select your preference, visit BankMobile Disbursements. office/institution is closed. The Consult with your financial aid advisor on this situation. The dates represent the earliest date funds can be applied to your account in the Bursar's Office. Financial Aid disbursement for the term begins after the drop/add period has ended. Replacement cards cost $20. 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 a deferred appeal. You can: To access the online system, enter your Web ID and your password. dates represent the earliest date funds can be applied to your account in the Bursars NTCs Student Finance This info session will take place in-person on the Gainesville Campus, in the Health Science Center, Room 2415. You must then accept, edit, or decline your awards for them to be processed. Bluegrass Community and Technical College, Kentucky Community & Technical College System. We encourage you use our Net Price Calculator. 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. If you havent made your refund preference selection, login at MyNTC to get started. Scholarships are grants or payments awarded on the basis of academic achievement, merit, need, classification, etc. Dropping a class can reduce your Pell Grant and could also impact your future loan level. documentation) for approval. How many hours do I have to be enrolled in to qualify for a Stafford Loan? When your financial aid is disbursed, the computer system determines your number of registered credits and adjusts accordingly any grant eligibility you may have. 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. 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. If my parents are separated or divorced, who should complete the parent's information on the FAFSA? All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. Loan Disbursement Student loans are generally released in multiple disbursements. You must accurately report marital status at the time you complete the FAFSA. Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. dates represent the earliest date funds can be applied to your account in the Bursars 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. Experts say the. 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. Financial Aid Census Date - Enrollment Lock-In . login at my.ntc.edu to get started! Thisloan calculatormay help you to plan your future loan repayment options. PLUS loans are the financial responsibility of the parents, not the student. Eligibility for most VA benefits is based on discharge from active military service under anything other than dishonorable conditions. These items may include, but are not limited to, tuition, fees, textbook charges, library fines, parking tickets, returned check charges, etc. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. What happens to my financial aid if I withdraw from all classes at North Central Texas College? Fall Only Loans - Second Half of Loan. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional . I've missed the NCTC May 1st priority deadline for the fall semester. 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. If Financial Aid funds remain after tuition, fees, and all outstanding charges are paid, the remaining balance (often referred to as an overage check or a change check) will be released to you within 14 days. Be registered with Selective Service, if required. RCTC provides accessible, affordable, quality learning opportunities to serve a diverse and growing community. Once you have received notification of your awards, you and your family can determine how much money your family will need to contribute. All dates are subject to change. The DRN is the four-digit number located in the bottom left hand corner of the SAR. awards adjusted to reflect any changes made. Grants are determined by level of income. Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. 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. Students must apply for financial aid each academic year. Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Two loan disbursements are required for all federal direct loans and a 30-day delay on first disbursements for first-time borrowers. 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). You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. I still owe money for the installment plan. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Students whose enrollment changes may have financial aid 2022-2023 Disbursement Dates **. 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). If you need to reset your password, please click on Forgot your Password to the left. Yes. Refunds You also have access to lists of downloadable PDF forms you may need to make changes your information or your financial aid. All scholarships are evaluated and awarded through the Scholarship Office. We defer incomplete appeals until you provide us with The dates listed above represent the last day to submit a complete appeal or documentation 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 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. Then, select how you want your money delivered. 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. This is an online Information Session via Webex. A member of Minnesota State. We can only consider complete appeals (with all required 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 first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. Future disbursements will be responsible for making a payment with the NCTC may 1st priority deadline for the begins... For your education expenses at the time you complete the parent may only borrow up to the left loans. 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