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Important Announcements & Dates

Attending SUMMER or FALL 2016?

Before financial aid can be processed...

  1. Complete the 2016-2017 FAFSA at www.fafsa.gov. The Federal School Code for NTC is 005387.

  2. You must be accepted into an eligible program AND enrolled in classes. Open enrollment began Monday, April 11. Students planning to take summer classes are encouraged to enroll for fall at the same time.

 

FAFSA SELECTED FOR VERIFICATION?

Aid cannot be processed until all requested documents have been received and reviewed.

  • If our office sends a letter requesting taxes, you should log into your saved FAFSA and use the IRS Data Retrieval Tool to import your tax information automatically. Then re-submit and sign your FAFSA. This brief video tutorial shows you step-by-step instructions on how to submit corrections on your FAFSA using the IRS Data Retrieval Tool:                                                                                                                                IRS Data Retrieval Tool - 2016-2017 FAFSA
 
  • If you need to request a Tax Return Transcript for financial aid verification purposes, please visit the IRS web site at www.irs.gov and click on “Get a Tax Transcript by Mail” or call the Transcript toll-free line at 1-800-908-9946. The online Get Transcript service is unavailable.

FSA ID/PIN Replacement

 
This brief video tutorial explains how to establish your FSA ID; to replace the PIN; and, set up a new FAFSA password.
 

FINANCIAL AID AWARD POSTING:

  1. Watch myNTC accounts for SUMMER awards in May/June and FALL awards in June/July.
  2. Accept/Decline financial aid through myNTC, complete Entrance Counseling and sign the Master Promissory Note (MPN).
  3. Additional loans for SUMMER may be requested in late May by completing the Additional Loan Request form. If you request more than your eligibility allows, the loan will be certified to your maximum eligibility. Loans received in summer reduce the amount available in future semesters. The interest rate for subsidized and unsubsidized loans with a first disbursement on or after 7/1/15 is 4.29%.
SUMMER Book Voucher creation begins on Monday, 5/23 at 8:00AM, ends on Friday, 6/17 at 5:00PM, and vouchers expire on Saturday, 6/18 at noon. FALL Book Voucher creation will begin later in the summer. More details to come.  
You must have financial aid in excess of the cost of your tuition/fees to charge books against your financial aid.
 

SUMMER DISBURSEMENT:

During the weeks of June 20-24 and June 27 to July 1, Financial Aid staff will be working on the disbursement and refund process. Staff availability will be limited.
 
June 24  = LOANS only 
 
For ALL STUDENTS: NTC is required to disburse summer loans in two installments. This means that half of any accepted 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 15. If for some unexpected reason a student were to drop below half-time enrollment (have fewer than 6 enrolled credits) on or before July 15, 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 24, you can expect to receive loan funds no earlier than the week ending July 15 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). 
                                                                                                                                                                                                           
July 1 = PELL, other grants, and LOANS 
 
July 15 = Loans for first-time borrowers as well as second installment of loans for all borrowers.
 
Following July 15, there will be 1 disbursement per week of Pell, other grants, and loans every Thursday 
 
 
2016 Summer Semester
Book Voucher/Charging Schedule
Financial Aid Book Charging Summer 2016:
Vouchers Expire:
Monday, May 23 @ 8:00 am to Friday, June 17 @ 5:00 pm
Saturday, June 18 @ 12:00 pm
Thursday, June 23 @ 5:00 pm to Friday, June 24 @ 5:00 pm
Saturday, June 25 @ 12:00 pm
Monday, July 11 @ 8:00 am to Tuesday, July 12 @ 12:00 pm
Wednesday, July 13 @ 12:00 pm
Thursday, July 14 @ 5:00 pm to Tuesday, July 19 @ 12:00 pm
Wednesday, July 20 @ 12:00 pm
Thursday, July 21 @ 5:00 pm to Friday, July 22 @ 12:00 pm
Saturday, July 23 @ 12:00 pm
 
Please Note:  Book Vouchers expire prior to running the following week’s financial aid refund process to avoid any late Bookstore charges that may not get deducted before that week’s financial aid refunds are processed and distributed to students.
 
 

NTC ONECARD:  New students should receive an NTC OneCard in the mail. Keep this card and activate a refund preference by following the instructions provided. Tuition and fees are deducted from financial aid before any refund is issued via the specified preference.

 
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 they enrolled in 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!

 

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