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. I am really independent. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. My parents do not claim me on their tax forms. Do I need to include their information on the FAFSA? All dates are subject to change. North Central Texas College today announced that it has been designated a Leader College by Achieving the Dream (ATD). The DRN is the four-digit number located in the bottom left hand corner of the SAR. The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Your support invests in a better tomorrow for all North Central Texas. This info session will take place in-person on the Gainesville Campus, in the Health Science Center, Room 2415. Complete Student Loan Entrance Counseling, Complete and e-sign a Master Promissory Note (MPN). Disbursement occurs every Friday thereafter. North Central Texas College ADN Program reached new heights with first-time certification pass-rate. Your Financial Aid funds will first be applied toward your outstanding balance. This can be done online at studentaid.gov . 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). In addition, you must have an adequate GPA (2.0). Students must apply for financial aid each academic year. www.irs.gov (Internal Revenue Service)Tax information. A deferment is a period during which you are entitled to postpone repayment of your loans. 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. Accept or Reject your loans on your Financial Aid Portal. Rochester Community and Technical College, Eligibility, Policies, and Other Disclosures, Award Notification and Financial Planning. How much will my family be expected to contribute towards my yearly college costs? Maximum total debt from Direct Loans - $57,500 but no more than $23,000 of that total may be in subsidized loans. 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. Should I wait to file my FAFSA until my taxes are done? The parent you lived with most in the last 12 months should complete the FAFSA. The first card is free. Check the status of your student loans for the current year. You must have a financial aid application on file at North Central Texas College in order to use this system. Please remember that the lender may retain an origination fee. FAFSA applications are available to complete as early as October 1st of each year. documentation) for approval. When I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? We can only consider complete appeals (with all required Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. Form 4506-T IRS Tax Return Transcript Request. Priority deadlines may be set by each state or college. You may call 1-800-433-3233 to make the school code change. I've missed the NCTC May 1st priority deadline for the fall semester. 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. Yes. After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. This must be done every year. At that time, we will automatically deny any appeals for that Financial Aid Census Date - Enrollment Lock-In . 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. Financial aid will pay for 30 hours of remedial coursework. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? Were happy to help answer any questions you might have. Credit balance amounts will be disbursed to students within the first thirty (30) days of class. All refunds are processed through Bank Mobile. Yes. Origination fees are charged by the federal government for processing the loan. September 23, 2022. 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. The federal government is responsible for the interest that accumulates while you are in college at least half time with a subsidized Stafford Loan. How do I apply for financial aid? 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. 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. You can also request a tax return transcript atwww.irs.gov. Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid. Bachelor's Degree Verification. 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 1443 The second disbursement will be at the midpoint of the semester. First Time Borrowers. We defer incomplete appeals until you provide us with To select your preference, visit BankMobile Disbursements. 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. To activate your Bank Mobile account 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. You must have a financial aid application on file at North Central Texas College in order to use this system. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. (Federal and State Grants will apply to your student account automatically. 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. All jobs are located on various campuses and currently pay $8.00/hour. In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. The enrollment period is the entire academic year (August to May). Students who have multiple start dates within a semester cannot receive aid until academic term that are still in a deferred state. The amount of Pell Grant that you receive is based on the number of hours you are currently taking. Loans require a separate application be completed before funds will disburse.) Eligibility for a summer loan depends on your grade level, degree plan, and amount of loans you have already borrowed for the academic year. 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! The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Yes, loans are part of the federal student aid program and considered financial aid. 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. will be paid before you receive any credit balances. Loan Request Form. Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. FAFSA Application. Students must apply for financial aid each academic year. 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). 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. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. awards adjusted to reflect any changes made. You will need your data release number (DRN) for this option. What is the difference between a subsidized and unsubsidized Stafford Loan? 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. Enter our school code, 003558, on your application and we will automatically receive a copy. dates represent the earliest date funds can be applied to your account in the Bursars Students whose applications are completed after final exams will receive their disbursements during the next semester and after grades have been reviewed . Financial Aid disbursement for the term begins after the drop/add period has ended. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. We will email your KCTCS email account with the result 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 my parents are separated or divorced, who should complete the parent's information on the FAFSA? Because Summer is considered a stand-alone semester, the enrollment period is May to August. An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. Fall Semester 2022*: September 2, 2022. All refunds are processed weekly through Bank Mobile. www.fastweb.com (FastWeb)Good Scholarship Search program. 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. NCTC's school code is 003558. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . How do I get the information to the Financial Aid Office? Students receiving loans must have completed a Master Promissory Note (MPN) and Entrance Counseling online. Students who do not meet these deadlines run the risk of paying out of pocket for tuition, fees, and books because of a late or incomplete financial aid application. SelectMake Your Initial Refund Selection. NOTE: Costs calculated at 30 hours per academic year, off campus. If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional . If you did not live with one parent more than the other, answer in terms of the parent who provided the most financial support during the last 12 months or during the most recent calendar year that you actually were supported by a parent. Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. 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. Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. You will then be notified through your NTC email account when your financial aid awards become available. In order to obtain a paper copy of this report, please contact the Director of Financial Aid and Veteran Benefits at (940) 668-4242, or by email at atatum@nctc.edu. PLUS loans are the financial responsibility of the parents, not the student. A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loans or William D. Ford Federal Direct Loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. 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. I'm going to be married during the school year. Student Financial Aid - Return of Title IV Aid Policy, Curricula - Career and Technical Education, North Central Texas College Student Handbook. Office. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. Email: studentfinance@ntc.edu During completion of your Financial Aid file, you have the opportunity to give the College permission to apply your Financial Aid funds toward any unpaid balance you may have. Be registered with Selective Service, if required. To activate your Bank Mobile 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). 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. Phone: 715.675.3331, Ext. Use our step-by-step guide for applying for financial aid. You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. Dropping a class can also create satisfactory academic progress problems, and you might not be eligible for any future financial aid assistance. Must be enrolled at least half-time (six hours) each semester. Students can obtain a Student ID/MasterCard from the Business Office. NCTC has six campuses throughout North Central Texas. Building brighter futures through higher education is only possible through the generosity of our donors and communities. Two disbursement during the Fall Semester and two during the Spring Semester. Eligibility for most VA benefits is based on discharge from active military service under anything other than dishonorable conditions. Once we receive your information, we'll notify you of your Web ID and you can then start using this system. 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. 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. October 28, 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. 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. NCTC priority processing deadline is June 1st. You wont receive a North Central Texas College Financial Aid award letter until you have been accepted to NCTC. 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