Important Announcements & Dates | Northcentral Technical College
  • Home
  • Financial Aid
  • Important Announcements & Dates

Important Announcements & Dates

What’s New?

If you plan to file the FAFSA soon, you should know that the United States Department of Education and IRS recently announced that the IRS Data Retrieval Tool (DRT) that was a part of the FAFSA application will be unavailable until the start of the next FAFSA season.

While the Data Retrieval Tool (DRT) is unavailable, Federal Student Aid and the IRS remind students that the FAFSA is still available and operable. Don’t delay completing your FAFSA. The income information needed to complete the FAFSA can be found on a previously filed tax return.

Students and parents completing a 2017-2018 FAFSA should manually enter 2015 tax information. If a copy of the tax return is not readily available, a tax transcript may be viewed and downloaded from https://www.irs.gov/individuals/get-transcript at Get Transcript Online, with the proper identity verification. Additionally, Get Transcript by Mail can be accessed online, or the taxpayer can call 1-800-908-9946, and a transcript will be delivered to the address of record within five to ten days.

Here are some important tips for anyone getting ready to complete the FAFSA.

  • Apply for an FSA ID at fsaid.ed.gov. The FSA ID allows you to sign the FAFSA electronically.
  • Have tax returns and other records of other income available while you complete the FAFSA. You should have the following items for you and your parent(s), if applicable, on hand when you prepare to complete the FAFSA:
    • 2015 income tax return and W2s (if you are applying for the 2017-2018 academic year)
    • 2015 Untaxed Income Records, such as child support or veterans non education benefits
    • Information on savings, investments, business assets and farm assets (if applicable)
    • Driver’s License (if you have one)
    • Social Security Number
    • Alien Registration Card or Permanent Resident Card (if you are not a U.S. citizen)
    • Date of birth for parents, and month and year of parents’ marriage, divorce or separation

If you have any questions about the FAFSA process, contact our office immediately.

What is an FSA ID?

The FSA ID allows students and parents to identify themselves electronically to access FSA Web sites.

An FSA ID is made up of a username and password and can be used to log into FAFSA on the Web.

The FSA ID is the fastest way to sign your FAFSA application and have it processed. It is also the only way to access or correct your information online, or to pre-fill a FAFSA on the Web application with information from your previous year’s FAFSA.

How to Create an FSA ID Guide (PDF)

This brief video tutorial explains how to establish your FSA ID.

Financial Aid Award Posting

What you need to know:

  • Watch myNTC accounts for SUMMER awards in May/June and FALL awards in June/July.
  • Accept/Decline financial aid through myNTC. Complete Entrance Counseling and sign a Master Promissory Note (MPN) for loans at https://studentloans.gov.
  • Additional loans for summer may be requested in late May at www.ntc.edu>Current Students>Financial Aid>Loans, “Additional Loan Request form.” Loans received in summer will reduce the amount available in future semesters. If you request more than your eligibility allows, the loan will be certified to your maximum eligibility. The interest rate for subsidized and unsubsidized loans with a first disbursement on or after 7/1/16 to 6/30/2017 is 3.76%.

Book Voucher Creation Begins…

SUMMER Book Voucher creation begins on Monday, May 15. You must have financial aid in excess of the cost of your tuition/fees to charge books against your financial aid.

FALL Book Voucher creation will begin on Monday, July 31.

Summer Disbursement of Financial Aid

During the weeks of June 19-23 and 26-30, Financial Aid staff will be working on the disbursement and refund process. Staff availability will be limited.

For All Students:

Student loans that are borrowed for a single payment period (one semester) will be split between two equal disbursements. The first disbursement can be made at the beginning of the semester while the second disbursement cannot be made prior to the midpoint of the semester.

This means that half of any accepted summer loans can be disbursed according to the normal disbursement schedule. The other half cannot be released until the midpoint of the semester, which is the week ending July 14. If for some unexpected reason a student were to drop below half-time enrollment (have fewer than 6 enrolled credits) on or before July 14, the second half of their student loans would be cancelled.

Please Note: If you have a Federal student loan balance of $0 you are considered to be a first-time borrower. NTC is required to disburse loans to first-time borrowers no earlier than 30 days after the start of classes. Although the summer disbursement schedule indicates that loans will be released during the week ending June 23, you can expect to receive loan funds no earlier than the week ending July 21 or later (based on your start date), provided that other eligibility requirements continue to be met (i.e. enrollment in 6 or more active credits at that time).

For Late Start Students:

Financial Aid awards for late start students are based on the number of credits a student has on the initial day the student enrolled in classes. For example, a late start student enrolls in two 3-credit classes today, then adds two 3-credit classes the next day. Their financial aid award will only be based on the two 3-credit classes in which they enrolled on their initial day of enrollment.

Financial aid funds are disbursed no later than 14 days after the first day of class that a student is scheduled to attend. If a grade of NS, W, or F is posted for a student or if a student receives a 100% or 80% refund, a student's financial aid award may be reduced accordingly.

Please read the Financial Aid Guide for important information regarding your financial aid.

Important financial aid notices are sent primarily through email. Check your email regularly!

Questions? Contact us at financialaid@ntc.edu. Best wishes for a great semester!

Summer 2017 Disbursement Dates & Book Voucher/Charging Schedule

2017 Summer Semester
Financial Aid Disbursement Calendar
Disbursement Date Type of Financial Aid
Please Note: Following June 23, there will be 1 disbursement per week of Pell, other grants, and loans every Thursday.
June 23
Loans Only
June 30
Pell, Other Grants, and Loans
July 21
Loans for first-time borrowers.
July 14
Second disbursement for one-semester loans.
2017 Summer Semester
Book Voucher/Charging Schedule
Financial Aid Book Charging Summer 2017 Vouchers Expire
Please Note: Book Vouchers expire prior to running the following week’s financial aid refund process to avoid any late Campus Store charges that may not get deducted before that week’s financial aid refunds are processed and distributed to students.
FromMonday, May 15 @ 8:00 am toFriday, June 16 @ 5:00 pm Saturday, June 17 @ 12:00 pm
FromThursday, June 22 @ 5:00 pm toFriday, June 23 @ 5:00 pm Saturday, June 24 @ 12:00 pm
FromMonday, July 10 @ 8:00 am toTuesday, July 11 @ 12:00 pm Wednesday, July 12 @ 12:00 pm
FromThursday, July 13 @ 5:00 pm toTuesday, July 18 @ 12:00 pm Wednesday, July 19 @ 12:00 pm
FromThursday, July 20 @ 5:00 pm toTuesday, July 21 @ 12:00 pm Saturday, July 22 @ 12:00 pm

Fall 2017 Disbursement Dates & Book Voucher/Charging Schedule

2017 Fall Semester
Financial Aid Disbursement Calendar
Disbursement Date Type of Financial Aid
Please Note: Following September 22, there will be 1 disbursement per week of Pell, other grants, and loans every Thursday.
September 15
Loans Only
September 22
Pell, Other Grants, and Loans
September 29
Loans for first-time borrowers.
October 27
Second disbursement for one-semester loans.
2017 Fall Semester
Book Voucher/Charging Schedule
Financial Aid Book Charging Fall 2017 Vouchers Expire
Please Note: Book Vouchers expire prior to running the following week’s financial aid refund process to avoid any late Campus Store charges that may not get deducted before that week’s financial aid refunds are processed and distributed to students.
FromMonday, July 31 @ 8:00 am toFriday, September 8 @ 5:00 pm Saturday, September 9 @ 12:00 pm
FromThursday, September 14 @ 5:00 pm toFriday, September 15 @ 5:00 pm Saturday, September 16 @ 12:00 pm
FromThursday, September 21 @ 5:00 pm toTuesday, September 26 @ 12:00 pm Wednesday, September 27 @ 12:00 pm
FromThursday, September 28 @ 5:00 pm toTuesday, October 3 @ 12:00 pm Wednesday, October 4 @ 12:00 pm
FromThursday, October 5 @ 5:00 pm toTuesday, October 10 @ 12:00 pm Wednesday, October 11 @ 12:00 pm
FromThursday, October 12 @ 5:00 pm toTuesday, October 17 @ 12:00 pm Wednesday, October 18 @ 12:00 pm
FromThursday, October 19 @ 5:00 pm toTuesday, October 24 @ 12:00 pm Wednesday, October 25 @ 12:00 pm
FromThursday, October 26 @ 5:00 pm toTuesday, October 31 @ 12:00 pm Wednesday, November 1 @ 12:00 pm
FromThursday, November 2 @ 5:00 pm toTuesday, November 7 @ 12:00 pm Wednesday, November 8 @ 12:00 pm
FromThursday, November 9 @ 5:00 pm toTuesday, November 14 @ 12:00 pm Monday, November 20 @ 12:00 pm
FromThursday, November 16 @ 5:00 pm toSunday, November 19 @ 12:00 pm  

We’re Partnering With BankMobile

Higher One, the company who was processing all financial aid refunds is now BankMobile Disbursements.

What does this mean for current students?

For current NTC students all Higher One accounts will seamlessly transition to BankMobile Vibe effective on June 1, 2016. No action will be required on your part! There will be no change in your account number and you do notneed to get a new bank card.

You can also now get cash off-campus without paying any fees at Allpoint ATM locations including: Target, CVS Pharmacy, Walgreens, 7-Eleven, and more! For a complete list of BankMobile Vibe ATMs, visit the Allpoint network ATM locator at http://www.allpointnetwork.com/

Please Note: Because of the new locations now available, the Higher One ATM in the Center for Health Sciences building was removed from service on May 4.

What does this mean for first-time students?

For first time NTC students if you are a newly matriculated student who has applied for financial aid and enrolled in classes, you will receive a selection kit in the mail (look for the green envelope) from BankMobile Disbursements once you are accepted into a financial aid eligible program and enrolled in classes. You must have a U.S. address on file in order to receive a selection kit. The selection kit contains a letter which includes a personal code.

Once you receive your Refund Selection Kit, follow these easy steps:

  1. Visit www.RefundSelection.com
  2. Enter your unique Personal Code
  3. Select how you’d like to receive your money
  4. Complete your profile

Tags: 

  • Financial Aid