File your FAFSA early for 2017-18
Mark your calendars:
You can file your Free Application for Federal Student Aid (FAFSA) early for the 2017-18 academic year.
What is Early FAFSA?
Under the current FAFSA, students must wait until January 1 for the release of the form. Early FAFSA will allow for an earlier submission date, allowing students to file a 2017-2018 FAFSA as early as October 1 (starting in 2016), which will be a permanent change.
What's changing for 2017-2018?
You'll be able to submit your FAFSA earlier
You can file your 2017-18 FAFSA as early as October 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling students to complete and submit a FAFSA as early as October 1 every year.
You’ll use earlier income tax information.
Beginning with the 2017-18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017-18 FAFSA, you—and your parent(s), if applicable—will report your 2015 income and tax information, rather than your 2016 income and tax information.
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 . Click on “Get a tax transcript” followed by "Get Transcript Online" or "Get Transcript by Mail." You can also call the Transcript toll-free line at 1-800-908-9946.
FSA ID/PIN ReplacementHow to Create an FSA ID Guide (PDF)
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
What you need to know:
- FALL and SPRING financial aid awards are being posted to MyNTC accounts on a weekly basis.
- 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 FALL, and SPRING may be requested now by completing the Additional Loan Request form. 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%.
SPRING (Winterim) Book Voucher creation begins on Monday, 12/5 at 8:00AM, ends on Friday, 4/21/17 at 12:00PM, and vouchers expire on Saturday, 4/22/17 at noon. You must have financial aid in excess of the cost of your tuition/fees to charge books against your financial aid.
During the weeks of February 13-17 and February 20-24, Financial Aid staff will be working on the disbursement and refund process. Staff availability will be limited.
For All Students
NTC is required to disburse loans in two installments. If you are attending during the fall and spring semesters, funds are released in two installments to coincide with these academic terms. 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 spring-only 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 March 31. If for some unexpected reason a student were to drop below half-time enrollment (have fewer than 6 enrolled credits) on or before March 31, 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 spring disbursement schedule indicates that loans will be released during the week ending February 17, you can expect to receive loan funds no earlier than the week ending March 3 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).
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 email@example.com
Best wishes for a great semester!
Spring 2017 Disbursement Dates
|Disbursement Date||Type of Financial Aid|
|Please Note: Following February 24, there will be 1 disbursement per week of Pell, other grants, and loans every Thursday.|
PELL, Other Grants, and Loans
Loans for first-time borrowers.
Second disbursement for one semester loans.
|Financial Aid Book Charging Spring 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, December 5 @ 8:00 am toFriday, February 10 @ 12:00 pm||Saturday, February 11 @ 12:00 pm|
|FromWednesday, February 15 @ 2:00 pm toFriday, February 17 @ 5:00 pm||Saturday, February 18 @ 12:00 pm|
|FromThursday, February 23 @ 6:00 pm toTuesday, February 28 @ 12:00 pm||Wednesday, March 1 @ 12:00 pm|
|FromThursday, March 2 @ 6:00 pm toTuesday, March 7 @ 12:00 pm||Wednesday, March 8 @ 12:00 pm|
|FromThursday, March 9 @ 6:00 pm toTuesday, March 14 @ 12:00 pm||Wednesday, March 15 @ 12:00 pm|
|FromThursday, March 16 @ 6:00 pm toTuesday, March 21 @ 12:00 pm||Wednesday, March 22 @ 12:00 pm|
|FromThursday, March 23 @ 6:00 pm toTuesday, March 28 @ 12:00 pm||Wednesday, March 29 @ 12:00 pm|
|FromThursday, March 30 @ 6:00 pm toTuesday, April 4 @ 12:00 pm||Wednesday, April 5 @ 12:00 pm|
|FromThursday, April 6 @ 6:00 pm toTuesday, April 11 @ 12:00 pm||Wednesday, April 12 @ 12:00 pm|
|FromThursday, April 13 @ 6:00 pm toTuesday, April 18 @ 12:00 pm||Wednesday, April 19 @12:00 pm|
|FromThursday, April 20 @ 6:00 pm toFriday, April 21 @ 12:00 pm||Saturday, April 22 @ 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:
- Visit www.RefundSelection.com
- Enter your unique Personal Code
- Select how you’d like to receive your money
- Complete your profile
- Financial Aid