$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. Will my Financial Aid be applied to my remaining balance? Students receiving Direct Loans must be enrolled at least half time to receive funds, completed Loan Entrance Counseling and signed a Master Promissory Note. This applies to single-semester loans (summer only, fall only, and spring only) as well as loans that are automatically split between fall/spring. You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. 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. Welcome to the North Central Texas College Online Financial Aid System. How do I apply for financial aid? Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Can I fill out my FAFSA as "Married" now since I will be married in a few months? Federal regulations require that all Direct Loans (subsidized, unsubsidized and PLUS) must be disbursed in two disbursements based on your enrollment period. Accepting your loan(s) is a three part process! 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. To activate your Bank Mobile 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. An origination fee of 4.228% is charged upon disbursement. 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. 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 wait until I am admitted to the college before I apply for financial aid? Student enrolled least half-time (6 hours), Parent complete Direct Plus Loan Master Promissory Note, Begins 60 days after the funds are fully disbursed, Request a deferment while the student is in school. 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. Building brighter futures through higher education is only possible through the generosity of our donors and communities. We can only consider complete appeals (with all required Yes. 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. You shouldnt miss out on your education just because of money. 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 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. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. Must meet satisfactory academic progress as determined by the Financial Aid Office. 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 This website has additional information about state grants, exemptions, and waivers. There are resources and calculators to help you estimate the amount of aid you may need or can receive. House Bill Checklist. NCTC has six campuses throughout North Central Texas, and a training center. Loan Request Form. Example: You were awarded $3,500 for the Fall/Spring term. Financial Aid disbursements are based on student attendance as of the term census date. Students must have an NCTC ID/Debit card and it must be activated to receive disbursements. This is an online Information Session via Webex. Financial Aid refunds will be issued six weeks into the Fall/Spring terms. The second disbursement will be at the midpoint of the semester. What will happen to my Stafford Loan if I drop below half time? Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. House Bill Eligibility Statement. Fall 2021, Spring 2022 & Summer 2022. Federal application deadlines are October 1 of the prior year through June 30 of the following year. I am really independent. 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. Origination fees are charged by the federal government for processing the loan. Financial Aid Applications for the new school year open on October 1st of the prior year. 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. Student loans can get you large amounts of money, but must be paid back with interest. The NCTC Financial Aid Office encourages prospective college students to apply early for financial aid. Have engaged in active service in the U.S. Army, Navy, Air Force, Marines, and Coast Guard. Priority deadlines may be set by each state or college. Should I wait to file my FAFSA until my taxes are done? FAFSA applications are available to complete as early as October 1st of each year. > LIONS > FINANCIAL AID > DISBURSEMENT DATES. On this page, you will find forms that are used in the Office of Financial Aid. Your support invests in a better tomorrow for all North Central Texas. You will also be required to complete exit counseling. Do I have to apply for financial aid every year? Students whose applications are completed after final exams will receive their disbursements during the next semester and after grades have been reviewed . Students can obtain a Student ID/MasterCard from the Business 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. Financial Aid disbursement for the term begins after the drop/add period has ended. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. You will need your FSA ID for this option. If you have not begun the financial aid application process, you can get started online by completing the Free Application for Federal Student Aid. Students enrolled entirely in late start courses will experience a delay in funding until their first class meeting. Visit the business office or set up your payment plan online. 1443 All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. Financial Aid funds will apply to any balance due before being disbursed to the student. NTCs Student Finance The DRN is the four-digit number located in the bottom left hand corner of the SAR. September 23, 2022. the required documentation. When and how will I receive my financial aid at NCTC? 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. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. 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. Refunds FAFSA Application. All student employees must choose how they want to receive their paycheck. 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. All students who owe Federal and/or NCTC funds will not be allowed to re-enroll at NCTC until the funds have been repaid. The FY 2018 cohort default rate for North Central Texas College is 12.6%. The definition of "Independent" is defined specifically by the law. www.tgslc.org (Texas Guaranteed Student Loan Corporation)Great basic information for students of all ages. Spring 2023 - 2nd 8 Week Only Start. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. You can: To access the online system, enter your Web ID and your password. Financial Aid Resources The surest way of securing financial aid is to submit a Free Application for Federal Student Aid (FAFSA). Do I need to include their information on the FAFSA? 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. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). You will then be notified through your NTC email account when your financial aid awards become available. 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. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. A simple formula determines your need at NCTC: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need. Disbursement of Financial Aid. NCTC has six campuses throughout North Central Texas. Who is eligible for financial aid? Were a cadet or midshipman at one of the service academies and were released under a condition other than dishonorable. Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. Fri . For more information on disbursements and refunds, please contact either NTC or BankMobile Disbursements. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring . Students whose applications are completed after semester exams will receive their awards and disbursements during the next semester and after attendance has been verified. When your financial aid is disbursed, the computer system determines your number of registered credits and adjusts accordingly any grant eligibility you may have. Bluegrass Community and Technical College, Kentucky Community & Technical College System. Mon, Feb 6 **1st Loan Disbursement + Grant Disbursement Balance (if applicable) Refunded to Student . An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. 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. Select BankMobile Disbursementsin the left menu. If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change? Always check with NCTC Financial Aid Office for specific details. You wont receive a North Central Texas College Financial Aid award letter until you have been accepted to NCTC. will be paid before you receive any credit balances. dates represent the earliest date funds can be applied to your account in the Bursars You must then accept, edit, or decline your awards for them to be processed. 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). Question 23. The RCTC provides accessible, affordable, quality learning opportunities to serve a diverse and growing community. NCTC Verification Process. 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. This info session will take place in-person on the Corinth Campus, Room 214. 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. It is the students responsibility to review all financial aid policies and the Financial Aid Guide. For additional details and important information regarding the disbursement of aid, please refer to RCTCs Financial Aid Award Guide. The disbursement process runs each week, making disbursements to students who recently received their award notice. It is critical that students verify information, particularly where deadlines are concerned. What happens to my financial aid if I withdraw from all classes at North Central Texas College? NCTC priority processing deadline is June 1st. 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