skip to page content
Printed Header
NorthCentral Technical College - Home
 
Search Submit Search
Log on to my NTC NTC Bookstore NTC Library NTC Campus Calendar NTC Distance Learning NTC Student Email
About NTC Getting Started NTC Students Courses & Programs Workforce Learning Foundation/Alumni
Loans

Parent Federal
PLUS Loan
Loan Counseling
Related Links

>Back to Financial Aid

Refer a friend Print this page Request Information

Loans
Loans are borrowed money that must be repaid with interest.

Federal Stafford Subsidized (Sub) Loans are offered to undergraduate and graduate students on the basis of financial need.  While attending school, the government pays the interest that accrues on these loans.  Payments can be made at any time before repayment begins.  Repayment of principal and interest begins approximately six months after graduation, if attendance goes below half-time status, or if withdrawn from program.
2007-2008
Independent
 Dependent
1st yr: $250-$3500 per yr 1st yr: $250-$3500 per yr 
2nd yr: $250-$4500 per yr  2nd yr: $250-$4500 per yr 

Federal Stafford Unsubsidized (unsub) Loans are offered to undergraduate and graduate students regardless of financial need. You are responsible for paying all interest of any Unsub Loan from the date of disbursement until the loans are paid in full. If you choose not to pay interest while you are in school, the interest will accrue and be capitalized. Repayment of principal and interest begins approximately six months after graduation, if attendance goes below half-time status, or withdrawn from program.
2007-2008
Independent  Dependent
1st yr:
$250-$4000 per yr		 1st yr: $3500 per year (combination Subsidized
Stafford & Unsubsidized Stafford)
2nd yr:
$250-$4500 per yr 		 2nd yr: $4500 per yr (combination Subsidized
Stafford & Unsubsidized Stafford)

On the FAFSA application, you indicate an interest in a student loan and that you are eligible, after which a loan will be offered in the financial aid package.  

If you are a new loan recipient at NTC and awarded a Federal Stafford loan, you will be required to:

Applying for a Stafford Loan

In order to apply for and receive a Federal Stafford Student loan at Northcentral Technical College, the following items must be in place:

  • You have been admitted to Northcentral Technical College and are enrolled in a financial aid eligible program.
  • You have applied for federal financial aid through the FAFSA form, it has been processed, and Northcentral Technical College has received the results.
  • Your financial aid application has been reviewed by the Financial Aid Office and a financial aid award notification has been sent to you for the 2007-08 academic year, which includes a Federal Stafford Loan.

 

NOTE: If you are awarded a Federal Stafford Loan and wish to accept the amount awarded, you will need to log into my>NTC and follow the directions included with your award notification to accept or decline the loan.

Choosing a Lender

Choosing a lender is a very important step to getting a student loan. If you have borrowed a Federal Stafford Loan in the past, we encourage you continue to borrow from the same lender to simplify your repayment process. 

Below is a list of lenders with the student's best interests in mind. These lenders are committed to providing excellent customer services and repayment incentives. However, you may borrow from any lender you wish; your choice is not limited to the list below. NTC will assist you in processing your loan from whichever lender your choose.

Lender
Lender Code
811938

Connexus Credit Union
818493

M & I Bank
811949

US Bank

821654

CitiBank

824756

Wells Fargo Bank
807176
823619

Northcentral’s lender list is reviewed on a yearly basis.  The following are criteria on which we base our selection:

  • History of volume (dollars and numbers) of student loans processed for Northcentral
  • Availability of borrower benefits
  • Participate in EFT (electronic funds transfer) processing
  • Service provided by customer service center and lender representative.
  • Seamless processing (we do have two credit unions on our lender list, which require membership)
  • Ability to work with Great Lakes Higher Education

In order to receive funds from a credit union you must be a member. Contact your credit union for more information about membership.

If you have questions or concerns, please feel free to contact the Financial Aid Office at
1.888.NTC.7144 or locally at 715.675.3331.

Financial Aid Staff:
Sharon Hieb, Ext. 4028
Jeff Cichon, Ext. 4252
Leanne Gehring, Ext. 4697
Sue Berens, Ext. 4027

If you have questions, please contact the Financial Aid Office.
NorthCentral Technical College - 1000 W. Campus Drive, Wausau, WI - 715.675.3331 Login required Site Map Legal/Disclaimer ADA Compliance Contact Us Campus Maps Downloads Jobs at NTC Wisconsin Technical College System eTech Online Courses FAFSA - Free Application For Federal Student Aid Click here for information on e-cashier.