Interest is not generally charged to you during a deferment on your subsidized loans. 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). 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). 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. 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). 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. 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. Use our step-by-step guide for applying for financial aid. Please ensure that you keep your mailing address current within myNTC. Must be enrolled at least half-time (six hours) each semester. Disbursements are calculated based on the student's enrollment as of the end of drop/add and take into account any grades of F, FW, FN, or Withdraws. 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. After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. . Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. Dropping a class can reduce your Pell Grant and could also impact your future loan level. 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.). We defer incomplete appeals until you provide us with First-time . 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. You will need your FSA ID for this option. Rochester Community and Technical College, Eligibility, Policies, and Other Disclosures, Award Notification and Financial Planning. Eligibility for a summer loan depends on your grade level, degree plan, and amount of loans you have already borrowed for the academic year. What if I didn't list NCTC federal school code on my FAFSA? 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. This info session will take place in-person on the Gainesville Campus, in the Health Science Center, Room 2415. Loans require a separate application be completed before funds will disburse.) 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. No, you can still send your FAFSA in to apply for a Pell Grant and a Stafford Loan. At that time, we will automatically deny any appeals for that Thisloan calculatormay help you to plan your future loan repayment options. Loan Disbursement Student loans are generally released in multiple disbursements. You want to meet this deadline to be considered for all types of aid. Priority deadlines may be set by each state or college. September 23, 2022. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. Two loan disbursements are required for all federal direct loans and a 30-day delay on first disbursements for first-time borrowers. When and how will I receive my financial aid at NCTC? Who is eligible for financial aid? It is critical that students verify information, particularly where deadlines are concerned. The FY 2018 national cohort default rate is 7.3%. 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. You must then accept, edit, or decline your awards for them to be processed. BankMobile Disbursements Student Help Desk Experts say the. or email bl-bursaroffice@kctcs.edu. You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. Form 4506-T IRS Tax Return Transcript Request. NOTE: Costs calculated at 30 hours per academic year, off campus. The first disbursement will be at the beginning of the semester. Fall Semester 2022*: September 2, 2022. Financial Aid disbursement for the term begins after the drop/add period has ended. NCTC's school code is 003558. Please keep this in mind when budgeting. 8-week classes enrolling now | Reduce Plumbing Tuition by $2,500! We will email your KCTCS email account with the result 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. Must meet satisfactory academic progress as determined by the Financial Aid Office. NCTC Verification Process. Students can obtain a Student ID/MasterCard from the Business Office. Federal regulations require that all Direct Loans (subsidized, unsubsidized and PLUS) must be disbursed in two disbursements based on your enrollment period. 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. Students receiving loans must have completed a Master Promissory Note (MPN) and Entrance Counseling online. 2022-2023 Disbursement Dates **. Let the Financial Aid office walk you through your Financial Aid options, including grants and loans, and how to accept your aid! All dates are subject to change. A deferment is a period during which you are entitled to postpone repayment of your loans. 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? 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). * If all requested documents are submitted by the published deadline dates, financial aid funds will be disbursed on the scheduled date. 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. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. SelectMake Your Initial Refund Selection. 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. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. Financial aid grant and loan awards will be applied towards the amounts owed for tuition, fees, and books. 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. www.fastweb.com (FastWeb)Good Scholarship Search program. If you need to reset your password, please click on Forgot your Password to the left. 1443 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 still owe money for the installment plan. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. All refunds are processed weekly through Bank Mobile. BankMobile Disbursements Refund Information. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. All jobs are located on various campuses and currently pay $8.00/hour. Spring 2023 - 2nd 8 Week Only Start. Rochester Community and Technical College. Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. North Central Texas College will put together a financial aid package that comes as close as possible to meeting your need. If you havent made your refund preference selection, login at MyNTC to get started. The 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). No. Loans are legal obligations, so before you take out a loan, think about the amount you'll have to repay over the years. Student loans are generally released in multiple disbursements. Welcome to the North Central Texas College Online Financial Aid System. The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Office. All funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. How do I apply for financial aid? Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes. All dates are subject to change. It is the students responsibility to review all financial aid policies and the Financial Aid Guide. You wont receive a North Central Texas College Financial Aid award letter until you have been accepted to NCTC. When and how will I receive my financial aid at NCTC? Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. Refunds Be registered with Selective Service, if required. NCTC's school code is 003558. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. Accept or Reject your loans on your Financial Aid Portal. An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. office/institution is closed. 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. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. 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. 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. Enter our school code, 003558, on your application and we will automatically receive a copy. 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. the required documentation. When I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? Check Lion365 for when to register and get ready for whats next! All scholarships are evaluated and awarded through the Scholarship Office. 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. Two disbursement during the Fall Semester and two during the Spring Semester. FAFSA applications are available to complete as early as October 1st of each year. dates represent the earliest date funds can be applied to your account in the Bursars Once you have received notification of your awards, you and your family can determine how much money your family will need to contribute. On this page, you will find forms that are used in the Office of Financial Aid. The dates represent the earliest date funds can be applied to your account in the Bursar's Office. To activate your Bank Mobile account Do I have to apply for financial aid every year? 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. For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? Our office will help you find and secure the resources you need to keep you in college and meet your educational goals. 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. The Student Loans cannot be canceled due to unemployability or other financial hardship issues. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. 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. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. 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. You might want to wait and complete your FAFSA after you are married. You are responsible for the interest that accumulates while you are in college with an unsubsidized Stafford Loan. Of all federal direct loans and a Stafford loan borrowers will receive a copy the Student 's account. Taking classes that work toward a degree or certificate offered at NCTC the.. Loans are generally released in multiple disbursements hours per academic year, off Campus still... Your payment schedule, and books in the Bursar & # x27 s... Your password to the left each semester an unsubsidized Stafford loan borrowers to complete as early as October 1st each... ) and Entrance counseling online receive notification that your FAFSA in to apply for a range! 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