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The financial aid programs at NTC help students continue their education by offering grants, scholarships, loans, and work-study program to students who qualify for assistance. When you apply for aid, your own savings and earnings plus your family's financial resources will be used to determine your financial need. Your eligibility for financial aid is based in part on the income you reported on last year's federal tax return.
| To Apply |
NTC's Federal School Code = 005387 |
| To apply for financial aid, you need to complete the Free Application for Federal Student Aid (FAFSA). The on-line version is the easiest and most frequently used. High School guidance counselors or financial aid staff can assist with any questions you might have. |
Facts
- Applying for financial aid and or scholarships is free.
- Financial aid is available to both full and part-time students enrolled in eligible one and two year programs.
- You can apply for aid when you apply for college.
- Financial aid considers more than just tuition and books, it also takes into consideration expeneses for living costs, gas and more.
- You can apply at any time, but you should apply at least four months before you want to start classes. The financial aid process will take at least 3-6 weeks to complete.
- You need to reapply for assistance each year you are in school.
Financial Aid Eligibility Information
You must meet the following criteria to be considered for financial aid:
- Have financial need.
- Have a high school diploma, a GED, or have the ability to benefit.
- Be enrolled as a regular student in an eligible program.
- Must be a U.S. Citizen or eligible non-citizen
- Be enrolled for at least six credits per semester (three credits in summer), except for Pell Grant.
- Maintain academic progress toward completion of an associate degree or diploma (see Satisfactory Academic Progress Standards).
- Not be in default on federal Perkins loan (or National Direct Student Loan), federal Stafford loan (or Guaranteed Student Loan), PLUS loan, Supplemental Loan for Students, or owe a refund or repayment on any federal money.
- Be registered with the Selective Service if you are required to do so.
- Agree to use any federal student aid received solely for educational purposes.
Other Information
Note: Please notify the Financial Aid Office, if you are receiving assistance, which is not listed on your award letter. NTC is required to consider educational benefits from scholarships and other agencies to avoid over-awards. Inform the Financial Aid Office if you are receiving a scholarship or assistance from the Division of Vocational Rehabilitation, JOBS, Veterans Benefits, Workers Compensation, or any other assistance for your educational expenses.
Tax Requirements
The Tax Reform Act of 1986 included an amendment to Section 117 of the IRC which subjects scholarships and fellowships to taxation. The law notes that the only amount that can be excluded from gross income is the amount of scholarship or fellowship grant received by the student for tuition and fees, books, supplies, and equipment (course-related expenses). Other expenses not actually required for enrollment at the school or in a course, such as room and board or non-required equipment and supplies, may not be excluded.
We recommend that each student receiving a grant or scholarship, from any source, save and retain all registration forms, bookstore and parts store receipts, and any receipt which documents supplies, equipment, etc., to support expenses excludable from gross income.
For more information please contact NTC's Financial Aid Office at
715/675-3331, Ext. 4028, 4252 4027. FAX 715/675-0629
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