NCTC has six campuses throughout North Central Texas, and a training center. See the definition of an independent studentin the next section. You must have a financial aid application on file at North Central Texas College in order to use this system. 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. Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. Visit the business office or set up your payment plan online. You will go into your grace period starting the date you drop below half time and any future disbursements will be canceled. Darrell Smith, NCTC Division Chair of Industrial and Engineering Technology represented NCTC on panel to discuss growing semiconductor industry in North Texas. NCTC Financial Aid priority deadlines are as follows: June 1 - Fall registration, November 1 - Spring registration, April 1 - Summer registration. This is an online Information Session via Webex. Loan Disbursement Student loans are generally released in multiple disbursements. Form 4506-T IRS Tax Return Transcript Request. Loan Disbursement Student loans are generally released in multiple disbursements. 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. Do I have to wait until I am admitted to the college before I apply for financial aid? Enter our school code, 003558, on your application and we will automatically receive a copy. These items may include, but are not limited to, tuition, fees, textbook charges, library fines, parking tickets, returned check charges, etc. Priority deadlines may be set by each state or college. You are responsible for the interest that accumulates while you are in college with an unsubsidized Stafford Loan. Federal application deadlines are October 1 of the prior year through June 30 of the following year. If my parents are separated or divorced, who should complete the parent's information on the FAFSA? 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. 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. How can I set up a payment plan with the business office? How do I apply for financial aid? The paper SAR must be signed by you, and, if you are a dependent student, your parent. Must meet satisfactory academic progress as determined by the Financial Aid 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). 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. Student loans, unlike grants and work-study, are borrowed money thatmust be repaid,with interest. All refunds are processed weekly through Bank Mobile. Registrations that occur after the end of the standard drop/add period are typically NOT considered for Financial Aid purposes. If a student has more financial aid than college charges, the balance will be distributed approximately 30 days after classes start to the multifunctional Student ID MasterCard (unless the student designates another financial institution). In order to receive financial aid, you must be taking classes that work toward a degree or certificate offered at NCTC. Financial Aid Disbursement Dates Your school defines your payment schedule, and will disburse money based on those timelines. Loan recipients who drop below half time will start using their loan grace period. IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester. Were happy to help answer any questions you might have. You may call 1-800-433-3233 to make the school code change. Students must be reported as attending course (s) in order for a disbursement to occur. 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. Do I have to apply for financial aid every year? Students whose enrollment changes may have financial aid We encourage you use our Net Price Calculator. 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 DRN is the four-digit number located in the bottom left hand corner of the SAR. Once we receive your information, we'll notify you of your Web ID and you can then start using this system. An origination fee of 4.228% (effective October 1, 2021) is charged upon disbursement. www.irs.gov (Internal Revenue Service)Tax information. Financial Aid Credit Balance Disclaimer Then, select how you want your money delivered. Also, if you receive a loan for only one semester, your loan disbursement will be refunded in two separate disbursements (see refund dates). Yes. www.sss.gov (Selective Service)Men between the ages of 18-26 are required to register with selective service. NCTC has six campuses throughout North Central Texas. Our FAQ is a great resource for quickly finding answers to your questions. Support includes money, gifts, loans, housing, food, clothes, car, medical and dental care, payment for college costs, etc. 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". NCTC has 6 campus locations. Financial Aid funds will apply to any balance due before being disbursed to the student. Student loans can get you large amounts of money, but must be paid back with interest. Student Loans cannot be canceled due to unemployability or other financial hardship issues. 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. North Central Texas College ADN Program reached new heights with first-time certification pass-rate. Interest is not generally charged to you during a deferment on your subsidized loans. After we receive notification that your FAFSA has been completed, a confirmation letter will be mailed to you. If you need to reset your password, please click on Forgot your Password to the left. 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. Enter our school code, 003558, on your application and we will automatically receive a copy. You are a veteran of the U.S. Armed forces. How much will my family be expected to contribute towards my yearly college costs? Financial Aid awards cannot be disbursed until the attendance in class has been confirmed. or email bl-bursaroffice@kctcs.edu. Students can obtain a Student ID/MasterCard from 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. 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. 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). 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 funds are received electronically and are posted to the student's billing account to pay university authorized tuition and fees. RCTC provides accessible, affordable, quality learning opportunities to serve a diverse and growing community. Yes. To qualify for summer student loans you must have unused funds remaining from the school year and must be registered for at least 6 hours. Yes, if your parent is married on the day you completed the FAFSA. October 28, 2022. 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. First-time loan borrowers will receive a delay in disbursements. The Financial Aid Office cannot guarantee the arrival or disbursement of funds. Spring 2023 - 2nd 8 Week Only Start. Go to studentaid.gov and choose "make corrections" on the FAFSA website, add our school code (003558) to your application and submit the correction. 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. An origination fee of 4.228% is charged upon disbursement. At the beginning of the school year, you will be working on a graduate, doctorate or master's degree program. Inclusion does not constitute endorsement. Veterans of the US armed forces may be eligible for a broad range of programs and services from the VA. To activate your Bank Mobile Accept or Reject your loans on your Financial Aid Portal. If a student is enrolled in courses that do not count toward their degree or certificate, they cannot be used to determine enrollment status. Eligibility for most VA benefits is based on discharge from active military service under anything other than dishonorable conditions. Registrations that occur after the end of the standard drop/add period are . Submit a FAFSA Apply for Veterans Benefits Types of Financial Aid This will depend on several factors such as your EFC (Expected Family Contribution), your loan level, types of benefits and other resources you have available. The first disbursement for first-time borrowers will be 30 days after the students earliest course start date if enrolled at least half-time. The parent may only borrow up to the Cost of Attendance (excluding any other financial aid). Welcome to the North Central Texas College Online Financial Aid System. This can be done online at. Grants are determined by level of income. You may use the loan money you receive only to pay for your education expenses at the school that is giving you the loan. Tuition is not the primary funding source for most Community Colleges. You shouldnt miss out on your education just because of money. Financial Aid Late Awards Late awards will be processed and disbursed during the appropriate semester for students whose FAFSA applications are incomplete or late. NCTC priority processing deadline is June 1st. Fall Semester 2022*: September 2, 2022. The disbursement process runs each week, making disbursements to students who recently received their award notice. 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