Delays in Processing Documents

Colleges and Universities are currently unable to make corrections or updates to the 2024-25 FAFSA. The U.S. Department of Education announced that institutions would be unable to submit corrections to student FAFSA records in bulk until the first half of August. The Financial Aid Office will collect documentation for verification, special circumstances, and unusual circumstances but will not be able to process the documents at this time.

Disbursement Dates

2024 Summer Semester

Summer Direct Loans must be accepted by 7/29/2024

2024 Fall Semester

Fall Direct Loans must be accepted by 12/16/24.

2025 Spring Semester

Spring Direct Loans must be accepted by 5/19/25

Please Note: These are estimated disbursement dates. Students must maintain all eligibility requirements at the time of disbursement to receive Federal Student Aid funding. It is the student’s responsibility to review all financial aid policies and the Financial Aid Guide Students must complete a FAFSA every year. Students must be making satisfactory academic progress to continue to receive financial aid.

Only students who have submitted the necessary documentation, meet all financial aid eligibility requirements, and are active in classes will receive disbursements as outlined in the above schedule. If you have late enrollment, submit late documentation, and/or do not meet all eligibility requirements, your disbursement will not follow this same schedule.

Financial Aid disbursements will occur on a daily basis after the initial release of funds (outlined above), however the Student Finance Office will process refunds for students on a weekly basis, typically on Thursdays.

Campus Store Vouchers

Campus store vouchers are an easy way for you to utilize financial aid funds to cover books and other materials. This voucher is a service provided to students with financial aid that allows them to purchase textbooks and needed supplies at the NTC Campus Store. Students may choose not to utilize this service, in which case no further action is needed. If you wish to utilize the campus store voucher, please click the link below for more information.

Campus Store Voucher Process

Financial Aid Pell Recalculation Dates

The Pell recalculation date (sometimes referred to as the census date) is a date in the semester when the Financial Aid Office is required to evaluate your Federal Pell Grant eligibility based on your current enrollment status. The Pell Recalculation Date Policy applies to eligibility of the Federal Pell Grant only.

Any course(s) added after the Pell Recalculation Date (see above chart) will not count towards your Federal Pell Grant eligibility, regardless of the start date for those course(s). If you drop, withdraw from, or do not attend classes you were enrolled in, your Pell Grant may be adjusted.

Financial aid offers for late-start students are based on the number of credits a student has on the initial day the student enrolled in classes.

If you drop, withdraw from, or do not attend classes that you were registered for, your financial aid package may be adjusted in the following situations:

• If funding has already disbursed, you may be required to repay your financial aid.
• If funding has not yet disbursed and:
  • your enrollment decreases to less than 6 credits, any loans you were offered will not disburse.
  • your financial aid package contains any state grants, your offer may be reevaluated, depending on the grant.
  • your financial aid package contains a Pell Grant, your offer will be reevaluated to determine your eligibility.

Additional Resources

Student Debt Relief

The most up to date information on recent announcements regarding student loan debt relief and repayment can be found on Federal Student Aid’s website. You may log in to StudentAid.gov using your FSAID to find information about your federal student loans. You may also contact your loan service provider.

Who’s My Student Loan Servicer?

Learn More About Preparing for Student Loan Payments to Restart

Ascendium Student Loan Counseling Services®

Northcentral Technical College has partnered with Ascendium Education Solutions® to provide you with expert student loan counseling services.

The student loan counselors at Ascendium can address any questions or concerns you may have about your federal student loans.

• Available at no cost to you
• Ascendium is a trusted partner
• Use their insight and guidance to make your payments manageable.

Student Loan Success Center™

You can connect with a student loan counselor by reaching out to us.

Phone: 833.707.1220
Hours: Monday through Friday, 8 AM to 4:30 PM CST

Ascendium’s counselors can also be reached by email at:
Email: successcenter@ascendiumeducation.org

Self help is also available through our online financial literacy platform GradReady.

From GradReady you can:

• Chat 1:1 about your specific student loan repayment strategy
• Create a Budget to achieve your financial goals.
• Evaluate your debt-to-income ratio with the Debt-O-Meter.
• Binge watch (or enjoy in moderation) videos that help build financial, academic, and life skills.
• Track your spending
• Learn real world finance/life skills for success