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.

2022 Summer Semester Disbursement Dates

Disbursement Date Type of Financial Aid
Week ending
June 17
First Installment of loans disbursed to student accounts
Week ending
June 24
Pell and other grants disbursed to student accounts
Week ending
July 1
First Installment of loans disbursed to student accounts for first-time borrowers

Please Note: The disbursement date may vary as it is based on when the first-time borrower can complete 30 days in his or her program of study.
Week ending
July 1
Second Installment of loans disbursed to student accounts

Please Note: These are estimated disbursement dates. 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. Disbursements are regularly scheduled on a weekly basis after the first disbursement.

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.

2022 Fall Semester Disbursement Dates

Disbursement Date Type of Financial Aid
Week ending
September 16
First Installment of loans disbursed to student accounts
Week ending
September 23
Pell and other grants disbursed to student accounts
Week ending
September 30
First Installment of loans disbursed to student accounts for first-time borrowers

Please Note: The disbursement date may vary as it is based on when the first-time borrower can complete 30 days in his or her program of study.
Week ending
October 28
Second Installment of loans disbursed to student accounts

Book Vouchers

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.

The process for book vouchers has changed

If you are awarded and accept financial aid that is in an amount greater than your current charges (tuition and fees, etc.), then you may be eligible for a voucher to charge your textbooks and course related supplies at the NTC Campus Store to your excess financial aid prior to your financial aid disbursement each semester.

To purchase textbooks and needed supplies with your pending financial aid, students will no longer have to submit a request for a book voucher. Instead, students that are eligible for a book voucher will receive an email confirming their eligibility status.

Please note:  Emails notifying students of their book voucher eligibility will begin the week of July 25 for the Fall 2022 semester.

Most students will receive an email message letting them know:  A book voucher has been created for you to use in the NTC Campus Store.

However, other students may receive an email message letting them know that they do not qualify for a book voucher at this time. For instance, you may receive an email message such as:  At this time, you do not have sufficient undisbursed financial aid available to qualify for a book voucher.

Please be sure to read the email sent to you carefully as it will explain how to use your book voucher, terms and conditions, amount, expiration date, and for those who aren’t eligible, the reason why you don’t qualify for a book voucher.

Please understand that by choosing to use the offer of a book voucher you are authorizing Northcentral Technical College to use your excess financial aid funds to pay for bookstore charges applied to your student account.

A book 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.

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.