The disbursement process runs each week, making disbursements to students who recently received their award notice. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring . You want to meet this deadline to be considered for all types of aid. 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. If my parents are separated or divorced, who should complete the parent's information on the FAFSA? NCTC priority processing deadline is June 1st. When your financial aid is posted to your account, any unpaid institutional charges (tuition and fees, books, dorm/meal plan, etc.) Financial aid will pay for 30 hours of remedial coursework. You will then be notified through your NTC email account when your financial aid awards become available. First Time Borrowers. Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. 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. Why do I have to apply for financial aid using my parent's information? 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. The amount of Pell Grant that you receive is based on the number of hours you are currently taking. Spring 2023 - 2nd 8 Week Only Start. . You are eligible for deferment only if you are enrolled at least half time. 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. Direct Loan (DL) Eligibility Requirements. 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. Do I have to apply for financial aid every year? Financial Aid refunds will be issued six weeks into the Fall/Spring terms. 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. 1443 academic term that are still in a deferred state. You are a veteran of the U.S. Armed forces. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. NTCs Student Finance login at my.ntc.edu to get started! Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. 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). For questions regarding your refund contact the Bursars Office at (855) 246-2477 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. Is a National Guard or Reserve enlistee who was called to active duty for purposes other than training. How many hours do I have to be enrolled in to qualify for a Stafford Loan? Gainesville Denton Corinth Flower Mound Bowie Graham Champions Circle NCTC GRADUATE Success Stories 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. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. Select BankMobile Disbursementsin the left menu. Must be enrolled at least half-time (six hours) each semester. 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. 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. 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 must have a financial aid application on file at North Central Texas College in order to use this system. You shouldnt miss out on your education just because of money. NCTCs English department and its First-Year Composition Program has been announced as the winner of 2023 Diana Hacker TYCA Award for Outstanding Programs in English. See the definition of an independent studentin the next section. How do I get the information to the Financial Aid Office? 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 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. Example: You were awarded $3,500 for the Fall/Spring term. Will my Financial Aid be applied to my remaining balance? I still owe money for the installment plan. All refunds are processed through Bank Mobile. www.collegefortexans.com(Texas State Financial Aid)Information about State Programs. Office. Tues, July 12 : Tues, Sept 20 . 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). The federal government is responsible for the interest that accumulates while you are in college at least half time with a subsidized Stafford Loan. FAFSA Application. The www.finaid.orgBasic Financial Aid information, scholarship search, financial aid calculators, etc. The Undergraduate students must be enrolled in at least six undergraduate hours. 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. We will email your KCTCS email account with the result 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. Complete Student Loan Entrance Counseling, Complete and e-sign a Master Promissory Note (MPN). No, you can still send your FAFSA in to apply for a Pell Grant and a Stafford Loan. NCTC has six campuses throughout North Central Texas, and a training center. Student Loans cannot be canceled due to unemployability or other financial hardship issues. Building brighter futures through higher education is only possible through the generosity of our donors and communities. 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 if I can't find my tax return, where can I get a copy? The first card is free. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. All dates are subject to change. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. When your financial aid is disbursed, the computer system determines your number of registered credits and adjusts accordingly any grant eligibility you may have. Dropping a class can reduce your Pell Grant and could also impact your future loan level. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. 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. Eligibility for a summer loan depends on your grade level, degree plan, and amount of loans you have already borrowed for the academic year. 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. We defer incomplete appeals until you provide us with 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. These are priority deadlines and all applications will be processed as quickly as possible on a funds available basis. It is critical that students verify information, particularly where deadlines are concerned. The Federal Parent Loan (PLUS) is available to the parents of dependent undergraduate students. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. Students receiving loans must have completed a Master Promissory Note (MPN) and Entrance Counseling online. 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. Students who have multiple start dates within a semester cannot receive aid until Financial Aid funds are used only to pay for your education expenses at the school that is giving you the money. 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). Phone: 715.675.3331, Ext. 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). The FY 2018 national cohort default rate is 7.3%. Check the status of your student loans for the current year. Students whose applications are completed after semester exams will receive their awards and disbursements during the next semester and after attendance has been verified. 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. I still owe money for the installment plan. 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). Do I need to include their information on the FAFSA? 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. 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 DRN is the four-digit number located in the bottom left hand corner of the SAR. Federal regulations require that all Direct Loans (subsidized, unsubsidized and PLUS) must be disbursed in two disbursements based on your enrollment period. Tuition is not the primary funding source for most Community Colleges. Maximum total debt from Direct Loans - $31,000 - but no more than $23,000 of that total may be in subsidized loans. All dates are subject to change. dates represent the earliest date funds can be applied to your account in the Bursars North Central Texas College ADN Program reached new heights with first-time certification pass-rate. Are there other websites to look for scholarships and additional resources? Student loans are generally released in multiple disbursements. We review Satisfactory Academic Progress (SAP) Appeals every business day unless our Student loans can get you large amounts of money, but must be paid back with interest. Then, select how you want your money delivered. A member of Minnesota State. Bluegrass Community and Technical College 500 Newtown Pike Lexington KY 40508 Toll Free: (855) 246-2477. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. Normal processing time for a FAFSA application is four to six weeks, beginning with the actual online submission to school file completion. Welcome to the North Central Texas College Online Financial Aid System. www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. This will avoid corrections and delays in processing your aid. Can I fill out my FAFSA as "Married" now since I will be married in a few months? Because Summer is considered a stand-alone semester, the enrollment period is May to August. Yes. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. NCTC's priority consideration dates for financial aid (FAFSA and all documents submitted): Check the status of your FAFSA Application, View a list of documents we've received from you and a list of the documents still outstanding, View your student loan history from NSLDS. The exit counseling session must be completed regardless if you plan to transfer to another school or re-enroll at our school in the future. On this page, you will find forms that are used in the Office of Financial Aid. Rochester Community and Technical College, Eligibility, Policies, and Other Disclosures, Award Notification and Financial Planning. Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid. Bluegrass Community and Technical College, Kentucky Community & Technical College System. Were happy to help answer any questions you might have. You must accurately report marital status at the time you complete the FAFSA. Yes. Catalog 2017-2018 > Student Services > Financial Aid > Application Deadlines. www.nasfaa.org (NASFAA)Basic Financial Aid information for parents, students, and high school counselors. Office. 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). Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Example: You were awarded $3,500 for the Fall/Spring term. Students must apply for financial aid each academic year. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? Phone: 877.327.9515, After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. 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. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. 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. This can be done online at. After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. 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. 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). 2022-2023 Disbursement Dates **. Check Lion365 for when to register and get ready for whats next! 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. When and how will I receive my financial aid at NCTC? 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. awards adjusted to reflect any changes made. The parent you lived with most in the last 12 months should complete the FAFSA. 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. will be paid before you receive any credit balances. Institutional Information General Institutional Information Please keep this in mind when budgeting. 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. You will need your data release number (DRN) for this option. 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). Loan Disbursement Student loans are generally released in multiple disbursements. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. Mon, Feb 6 **1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student . The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). How do I apply for financial aid? October 28, 2022. How can I set up a payment plan with the business office? 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. Consult with your financial aid advisor on this situation. KCTCS delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: https . of your appeal within one business day unless our office/institution is closed. At that time, we will automatically deny any appeals for that Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting. (Federal and State Grants will apply to your student account automatically. An origination fee of 4.228% is charged upon disbursement. The first disbursement of funds is always the second Tuesday of classes after the add/drop period ends. What happens to my financial aid if I withdraw from all classes at North Central Texas College? Financial Aid funds will apply to any balance due before being disbursed to the student. Please remember that the lender may retain an origination fee. September 23, 2022. RANKED #1HEALTH SCIENCES- INTELLIGENT.COM. The second disbursement will be at the midpoint of the semester. 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. Federal application deadlines are October 1 of the prior year through June 30 of the following year. 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. BankMobile Disbursements Student Help Desk Your support invests in a better tomorrow for all North Central Texas. 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