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

Additional Resource

Ascendium Education Solutions®

They 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™

Phone: 833.707.1220
Hours: Monday through Friday, 8 AM to 4:30 PM CST
Email: RepaymentSupport@ascendiumeducation.org

2024 Spring Semester Disbursement Dates

Spring Direct Loans must be accepted by 5/13/24 - this means accepting the offer of the direct student loan, with completed Entrance Counseling & Master Promissory Note

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.

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 December 11 for the  Spring 2024 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.

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.