Important Dates & Announcements
Are you wondering when your loans and grants will be disbursed? Do you want to know when book vouchers will be available? Or are you hoping to find help with filling out your FAFSA?
Below, we’ve provided a list of key dates and events that will help to better understand the financial aid process and the timing of important checkpoints.
IMPORTANT CHANGE to the disbursement of all Federal Direct Student Loans: All student loans will be split between two equal disbursements each semester.
This applies to single-semester loans (summer only, fall only, and spring only) as well as loans that are automatically split between fall/spring. The first disbursement can be made according to the disbursement schedule while the second disbursement will be made at the midpoint of the semester. Some students may not receive a refund after the first disbursement if all charges have not been paid, whereas other students may receive a partial refund followed by another refund later in the semester. Please keep this in mind when budgeting. If for some unexpected reason a student drops below half-time enrollment (fewer than 6 enrolled credits) at the time that the second disbursement would occur, the second half of any student loans will be canceled.
Due to federal regulations, the Department of Education requires NTC to delay the first disbursement of a loan for new student loan borrowers up to 30 days beyond the student’s start date.
2020 Spring Semester Disbursement Dates
|Disbursement Date||Type of Financial Aid|
|Week ending February 14||First Installment of loans disbursed to student accounts|
|Week ending February 21||Pell and other grants disbursed to student accounts|
|Week ending February 28||First Installment of loans disbursed to student accounts for first-time borrowers|
|Week ending April 3||Second Installment of loans disbursed to student accounts|
Please Note: Following February 21, there will be 1 disbursement per week of Pell, other grants, and loans every Thursday (not including any scheduled breaks during the semester)
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.
Book vouchers are an easy way for you to utilize financial aid funds to cover books and other materials. You must have financial aid in excess of the cost of your tuition/fees to charge books against your financial aid.
2020 Spring Semester Book Voucher/Charging Schedule
|Monday, December 9 @ 8:00 am||Monday, February 10 @ 5:00 pm||Monday, February 10 @ 7:00 pm|
|Thursday, February 13 @ 5:00 pm||Monday, February 17 @ 5:00 pm||Monday, February 17 @ 7:00 pm|
|Thursday, February 20 @ 5:00 pm||Tuesday, February 25 @ 12:00 pm||Wednesday, February 26 @ 12:00 pm|
|Thursday, February 27 @ 5:00 pm||Monday, March 2 @ 12:00 pm||Tuesday, March 3 @ 12:00 pm|
|Thursday, March 5 @ 5:00 pm||Tuesday, March 10 @ 12:00 pm||Wednesday, March 11 @ 12:00 pm|
|Thursday, March 12 @ 5:00 pm||Tuesday, March 17 @ 12:00 pm||Wednesday, March 18 @ 12:00 pm|
|Thursday, March 19 @ 5:00 pm||Tuesday, March 24 @ 12:00 pm||Wednesday, March 25 @ 12:00 pm|
|Thursday, March 26 @ 5:00 pm||Tuesday, March 31 @ 12:00 pm||Wednesday, April 1 @ 12:00 pm|
|Thursday, April 2 @ 5:00 pm||Tuesday, April 7 @ 12:00 pm||Wednesday, April 8 @ 12:00 pm|
|Thursday, April 9 @ 5:00 pm||Tuesday, April 14 @ 12:00 pm||Wednesday, April 15 @ 12:00 pm|
|Thursday, April 16 @ 5:00 pm||Friday, April 17 @ 5:00 pm||Saturday, April 18 @ 12:00 pm|
Please Note: Book Vouchers expire prior to running the following week’s financial aid refund process to avoid any late Campus Bookstore charges that may not get deducted before that week’s financial aid refunds are processed and distributed to students.