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Students adding or dropping courses after the second week of the regular semester start date should discuss with the Financial Aid Office what effect the course change may (or may not) have on their financial aid. Financial aid will not increase if courses are added after the first two weeks of the semester. Check with your Advisor and the Financial Aid Office to determine the impact on your bill, your enrollment level, and your financial aid if you are adding or dropping courses. Application Procedures and Award Notification To ensure full consideration for all forms of aid, you should complete each of the following steps: 1. Complete and file a Free Application for Federal Student Aid (FAFSA) by April 1 for priority aid consideration. The recommended way to apply is online at https://fafsa.ed.gov. If you prefer to complete a paper FAFSA, call 800-4-FED-AID to request a paper application. Be sure to list Northwest Iowa Community College in the school section of the FAFSA. NCC’s School Code is 004600. When entering income information on the FAFSA, you may want to utilize the IRS Data Retrieval option to transfer student/parent income data directly from the IRS and into the FAFSA. 2. Complete the application procedure for admission to NCC. You will not receive notification of financial aid awards until you are officially accepted by the Enrollment Office. 3. Forward all requested forms and documentation to the Financial Aid Office. If you are selected for verification, you will need to complete a verification worksheet and you may need to submit IRS Tax Transcripts for student and parent. All requested documents must be received by the student’s last day of enrollment or the end of the term, whichever is earlier. Students who do not submit all requested verification documents cannot receive Title IV funds, but may receive institutional funds. Northwest Iowa Community College will not make an interim disbursement of Title IV aid. Verification may require a correction to the FAFSA and this may result in a change of the student’s eligibility for funding. 4. Report acceptance of all outside scholarships or loans to the Financial Aid Office. Aid received from other sources may result in a revision to your financial aid award. 5. If you are awarded financial aid, you will receive an award letter, based on full-time enrollment, showing the financial aid you have been offered and the amount of each award. The awarding of aid depends upon the availability of funds, accuracy and timeliness of the application, and eligibility for specific aid programs. If you have been awarded aid in addition to that awarded by the Financial Aid Office, you must notify the office in writing, so that your awards can be reviewed for possible adjustment. Disbursement of Aid Grant and loan money is disbursed on a semester basis and applied directly to registration costs after your attendance has been reported. If aid is less than the amount due, you must pay the amount not covered by financial aid. The remaining amount is due the first day of your term. If aid for a semester exceeds total costs, the remaining amount will be reimbursed to you. NOTE: • Grants for late start classes will not be disbursed until the class has begun and attendance has been reported. • Students must be attending and making academic progress in order to receive financial aid funds. • Due to federal regulations, the first loan disbursement must be delayed 30 days from the first day of class for first-year, first-time student loan borrowers. • Loan funds will be disbursed only after classes have begun and attendance has been reported for at least 6 credit hours (this applies to all terms—fall, spring and summer). • Disbursement of financial aid will not occur until NCC receives official documentation that confirms the students’ high school graduate status. • Disbursement of financial aid funds may be delayed or denied for students who exhibit abuse, fraudulent activity, give false or misleading information, or misuse federal, state, or institutional funds. If your enrollment status changes or you officially withdraw or unofficially withdraw from the College, the Financial Aid Office may be required to reduce the amount of financial aid, or reclaim part or all of the refund. An unofficial withdrawal occurs when a student stops attending and/or fails to follow the withdrawal process. If you receive federal financial aid and fail to complete your education, you may have your financial aid adjusted based on the date of your official or unofficial withdrawal. This adjustment of aid may cause you to owe money to the U.S. Government and/or NCC. If NCC is required to return Title IV funds, the amount returned will be billed to you. Failure to repay the U.S. Department of Education or NCC will result in your account being turned over to collections. Anyone in a repayment situation will remain ineligible for federal aid until the repayment is resolved. A withdrawal will also prevent you from meeting the Financial Aid Satisfactory Academic Progress Standards and impact your future financial aid eligibility. Financial aid CANNOT be used to pay for EMT, AUDIT, CLEP, Credit by Examination, Credit for Experiential Learning, or Credit for Military Experience courses. The tuition and fees for EMT classes will not appear on your tuition statement and will be billed separately by the Continuing Education Department. It will be your responsibility to pay the Continuing Education Department for these classes. Financial Aid Satisfactory Academic Progress Federal regulations require Northwest Iowa Community College to establish satisfactory academic progress standards for student financial aid recipients. These standards ensure that only those recipients demonstrating satisfactory progress toward the completion of their educational programs continue to receive financial aid. All student records will be reviewed at the end of each payment period (semester/term). A student’s entire NCC record will be reviewed for satisfactory academic progress, including terms for which the student did not receive financial aid. The Financial Aid Satisfactory Academic Progress Policy is different than the Academic Progress Standards, and different from the required academic standards that may be set by a specific program. There are separate procedures when academically eligibility may be suspended; however, Financial Aid Suspension does not necessarily prohibit enrollment in coursework so students need to please check with their Advisor or the Registrar to discuss. Northwest Iowa Community College Catalog 2017–2018 placed on probation or suspension. Financial aid Financial Aid 20


NCC_Catalog
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