nctc financial aid disbursement

After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. When and how will I receive my financial aid at NCTC? Should I wait to file my FAFSA until my taxes are done? 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. This will avoid corrections and delays in processing your aid. Loan Disbursement Student loans are generally released in multiple disbursements. NOTE: Costs calculated at 30 hours per academic year, off campus. 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. For questions regarding your refund contact the Bursars Office at (855) 246-2477 or email at BL-businessoffice@kctcs.edu. Tues, Feb 28 ***1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student for Term 2 onlyStudent . Financial Aid students may purchase books at our campus bookstore from August 1st - September 1st for Fall 2022. Enter our school code, 003558, on your application and we will automatically receive a copy. Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. See the definition of an independent studentin the next section. How many hours do I have to be enrolled in to qualify for a Stafford Loan? You will need your data release number (DRN) for this option. Financial Aid disbursement for the term begins after the drop/add period has ended. Students whose applications are completed after final exams will receive their disbursements during the next semester and after grades have been reviewed . Yes. www.fastweb.com (FastWeb)Good Scholarship Search program. The FY 2018 cohort default rate for North Central Texas College is 12.6%. These items may include, but are not limited to, tuition, fees, textbook charges, library fines, parking tickets, returned check charges, etc. 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.). Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. 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. The first disbursement will be at the beginning of the semester. Email: studentfinance@ntc.edu Loans require a separate application be completed before funds will disburse.) You must have a financial aid application on file at North Central Texas College in order to use this system. Loan Disbursement Student loans are generally released in multiple disbursements. Federal application deadlines are October 1 of the prior year through June 30 of the following year. 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. BankMobile Disbursements Refund Information. First Time Borrowers. Use of Funds Financial Aid funds are used only to pay for your education expenses at the school that is giving you the money. Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid of your appeal within one business day unless our office/institution is closed. 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. How do I get the information to the Financial Aid Office? 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 I complete the Free Application for Federal Student Aid (FAFSA), what types of financial aid am I considered for? How do I apply for financial aid? Students must be reported as attending course (s) in order for a disbursement to occur. 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. There are two easy methods to request your tax return transcript, first you can call 1-800-829-1040 and choose the option "Your Personal Account Information". 8-week classes enrolling now | Reduce Plumbing Tuition by $2,500! You will then be notified through your NTC email account when your financial aid awards become available. Loans are legal obligations, so before you take out a loan, think about the amount you'll have to repay over the years. Students must apply for financial aid each academic year. The Federal Parent Loan (PLUS) is available to the parents of dependent undergraduate students. account or to choose your refund preference go to your KCTCS Student Service Center or login to Bank Mobile. However, it is best to complete your tax return early and provide accurate information. 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. Example: You were awarded $3,500 for the Fall/Spring term. If a balance due remains, students will be responsible for making a payment with the NCTC Business Office before classes begin. For more information on disbursements and refunds, please contact either NTC or BankMobile Disbursements. Have engaged in active service in the U.S. Army, Navy, Air Force, Marines, and Coast Guard. Normal processing time for a FAFSA application is four to six weeks, beginning with the actual online submission to school file completion. Consult with your financial aid advisor on this situation. Students whose applications are completed after semester exams will receive their awards and disbursements during the next semester and after attendance has been verified. 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. A simple formula determines your need at NCTC: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need. You are eligible for deferment only if you are enrolled at least half time. office/institution is closed. All dates are subject to change. I have not passed the TSIA2 test will Financial Aid pay for remedial classes? NCTC's school code is 003558. This can be done online at studentaid.gov . The paper SAR must be signed by you, and, if you are a dependent student, your parent. You must then accept, edit, or decline your awards for them to be processed. Student loans are generally released in multiple disbursements. Scholarships are grants or payments awarded on the basis of academic achievement, merit, need, classification, etc. A deferment is a period during which you are entitled to postpone repayment of your loans. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. First-time loan borrowers will receive a delay in disbursements. Federal Work-Study (FWS) and Texas College Work-Study (CWS) are work programs where you can earn up to the amount listed on your award letter. Yes, if your parent is married on the day you completed the FAFSA. No, you can still send your FAFSA in to apply for a Pell Grant and a Stafford Loan. All student employees must choose how they want to receive their paycheck. Do I have to wait until I am admitted to the college before I apply for financial aid? Your support invests in a better tomorrow for all North Central Texas. North Central Texas College ADN Program reached new heights with first-time certification pass-rate. 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. Federal regulations require all Stafford loan borrowers to complete an exit counseling session upon graduating, withdrawing, or dropping below half-time attendance. How can I set up a payment plan with the business office? . You will need to register for the session in order to receive the link for the meeting. 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. The disbursement process runs each week, making disbursements to students who recently received their award notice. www.finaid.orgBasic Financial Aid information, scholarship search, financial aid calculators, etc. Loans are legal obligations, so before you accept student loans, think about the amount you'll need to repay over the years. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. or email bl-bursaroffice@kctcs.edu. 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). It is critical that students verify information, particularly where deadlines are concerned. Check Lion365 for when to register and get ready for whats next! The definition of "Independent" is defined specifically by the law. These are priority deadlines and all applications will be processed as quickly as possible on a funds available basis. 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. There are resources and calculators to help you estimate the amount of aid you may need or can receive. 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. 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. Aid advisor on this situation refunds, please contact either NTC or BankMobile disbursements completed after exams. 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