Financial Aid - Current Students : Grants and Scholarships
There are four types of financial aid: grants, scholarships, student loans, and work-study. Students are offered a financial aid package consisting of these different types of financial aid.
When awarding financial aid, we are required to take into consideration both your cost of attendance and expected family contribution (EFC). The cost of attendance is the average amount it will cost a student to attend NTC. Expected Family Contribution (EFC) is an index number that is used to determine how much financial aid you’re eligible to receive. Your EFC is calculated according to a formula established by law and the information from your Free Application for Federal Student Aid (FAFSA).
Grants are money that, under normal circumstances, does not need to be repaid. The following grants are awarded at Northcentral Technical College:
- Pell Grant is awarded to undergraduate students enrolled for a minimum of one credit with high financial need based on the student's expected family contribution (EFC). The actual awards vary based on the number of enrolled credits.
- The Pell Chart shows how much in Pell grant a student can receive based on their Estimated Family Contribution (EFC) and enrollment status.
Year-Round Pell Grant enables eligible students to receive 150% of their Federal Pell Grant funds in one academic year.
An amendment to the Higher Education Act of 1965 (HEA) allows an eligible student to receive up to 150% of the student's Federal Pell Grant Scheduled Award for an award year beginning with the 2017-2018 award year. NTC is a "header" school, which means that the aid year always begins with summer and ends with spring (i.e. Summer 2018/Fall 2018/Spring 2019). The additional funds are only available if a student is enrolled at least half-time (6 or more credits) in the payment period for which the student receives Pell Grant funds in excess of 100% of the student's Pell Grant Scheduled Award (spring). NTC will award additional Pell Grant funds in the spring semester as appropriate, pending additional guidance from the Department of Education. Initial Pell Grant awards will not assume the use of excess Pell in the spring. Spring amounts will be increased accordingly prior to disbursement based on actual enrollment.
**Dropping courses may decrease eligibility resulting in a required repayment of Pell Grant funds. Adding courses may increase eligibility. Check with your academic advisor or the Financial Aid Office if you add or drop credits to be sure you understand how a change in credits will affect your Pell Grant and other aid.
- Supplemental Educational Opportunity Grant (SEOG The SEOG grant is for undergraduate students with exceptional financial need--students with the lowest Expected Family Contributions (EFC) - and gives priority to students who receive Federal Pell Grants. Funding for the SEOG grant is limited and is awarded to early applicants. The maximum SEOG is $500 per academic year. To be eligible for SEOG you must be enrolled at least half-time.
- Children of Fallen Heroes Scholarship Act: On March 23, 2018, the President signed Public Law 115-141, the Consolidated Appropriations Act, 2018, which included an amendment to Section 473(b) of the Higher Education Act, authorizing the Children of Fallen Heroes Scholarship. Under this program, which is not a traditional scholarship, a Pell Grant eligible student whose parent or guardian died while in the line of duty while performing as a public safety office or fire/police officer is eligible to receive a maximum Pell Grant for the assigned award year.
There are many different sources of grant and scholarship funding from the State of Wisconsin. Get more information about any of the state financial aid programs listed below from the Wisconsin Higher Educational Aids Board.
- Wisconsin Grant
- Talent Incentive Grant (TIP)
- Minority Undergraduate Retention Grant
- Indian Student Assistance Grant
- Hearing/Visually Handicapped Program
- Academic Excellence Scholarship
- Technical Excellence Scholarship
- Nursing Student Loan
Scholarships help to change lives and provide promising futures for NTC students. Approximately 83% of NTC students receive financial aid each year, and scholarships can help students reach their educational goals by providing assistance toward the cost of tuition, books and school-related expenses.
Scholarships Pay Off
Students who take the time to apply for and receive scholarships are more likely to succeed in their academics. Of those students receiving scholarships during the 2014-15 school year, 75% graduated within two years, while 100% of 2014-15 scholarship recipients who received $2,100+ in scholarship dollars were employed within their field within 6 months of graduation. Each year, donors provide support for hundreds of NTC Foundation scholarships ranging from $200 - $2000 each.
Types of Scholarships
The two types of scholarships available to NTC students are NTC Foundation scholarships and external scholarships. Only one application is needed to apply for all NTC Foundation scholarships, while external scholarships need to be submitted individually and are reviewed and awarded by organizations outside of NTC on a case-by-case basis.
The NTC Foundation’s scholarship program plays a vital role in providing funds that enable our students to pursue their educational goals. Many individuals, groups, organizations, and foundations make these scholarships possible.
Most scholarships will be turned into the organization you are applying to. Some will be turned into the NTC Financial Aid office directly. Scholarships are listed by program area and application due date. Please review applications for further detail.