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Financial Aid ______________________________________________________ Student Financial Aid Northwest Iowa Community College follows a nationally accepted philosophy in administering financial aid programs. This means you and your parents have a responsibility to meet as much of the costs of attending college as is reasonably possible. You may meet all or some of the costs through your parents’ contribution and through your own resources, including savings and earnings from summer and school year employment. Financial aid is awarded to supplement these financial resources. The Financial Aid Office staff administers aid programs and counsels students in the financial aid process. Contact the Financial Aid Office for answers to any questions regarding financial aid. Student Eligibility In order to receive financial aid, you must: 1) Be a U.S. citizen or an eligible non-citizen. 2) Be making satisfactory academic progress toward a degree. 3) Have a high school diploma or a high school equivalency diploma (GED/HSED). 4) Demonstrate financial need, which is the difference between the cost of attending college and the amount you and your family can provide. Scholarships, grants, loans, and part-time employment are available in various combinations to meet financial need. 5) Complete and submit the Free Application for Federal Student Aid (FAFSA) by April 1. If applying for aid after the April 1 deadline, you will be considered for assistance according to the availability of funds. Because financial aid is awarded for one academic year at a time, it is necessary to submit a new financial aid application (FAFSA) for each year of enrollment. Financial Aid Enrollment Status Enrollment status for financial aid purposes for Fall, Spring and Summer are as follows: Full-time 12 or more credits Three-quarter time 9–11 credits Half-time 6–8 credits 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 using FAFSA on the Web at www.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. Be sure it has been three weeks since electronically filing your taxes before trying this option. 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. Northwest Iowa Community College Catalog 2016–2017 Financial Aid 22


NCC_Catalog
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