Title IV School
Code: 005313

Subject:  Important Bookstore and Student Loan information

The federal government is delaying the processing of student loans for summer term 2013.  Students will still receive their approved loans for summer, though, and summer term financial aid refunds will not be delayed.

·        Because loan funds will not appear on your MyNC “account summary by term” until after the first week of July, you do not need to print the account summary to charge books at the campus bookstore.

·        You also do not need a book voucher from the Financial Aid Office (FAO).

·        The bookstore computers will register the accurate amount that you can charge.

·        If the bookstore shows that you do not have enough excess funds to pay for all of your books, you will be directed to the FAO to discuss options.

·        Books may be charged from Tuesday, May 28 through Wednesday, June 19.

·        Remember…you must complete a master promissory note on www.studentloans.gov to accept an offered student loan.

Financial Aid Office Mission Statement

To identify and help secure funding which enables attendance at the College by academically capable, yet financially in-need individuals, while maximizing resources and fully complying with applicable federal and state laws. 

Applying for Financial Aid

All Financial Aid Recipients:

• Must be admitted to North Central State College and enrolled in a degree-granting program
• Must be a U.S. citizen or eligible non-citizen
• Must be registered with Selective Service if 18-25 years of age (males only)
• Must be making satisfactory academic progress towards a degree

Eligibility for most types of financial aid is based on a student's demonstrated need. Even students with no need, however, can receive student loans. The extent of student need is determined through an analysis of the income and assets of the student's family. Most students can qualify for enough aid to pay for all of their tuition expenses. A number of students may receive enough aid to pay for books.

The Application Process

When this general process is complete, your eligibility for a Federal Pell Grant and Federal Student loans will be determined.

Processing Time

Approximately one month is required to process the request for financial aid. The federal student aid processor will mail/email you a Student Aid Report (SAR) explaining your eligibility, our office will also contact you regarding your award or additional information required.

Verification

The federal processor selects many financial aid applicants for verification. This is a procedure through which the College is required to check the accuracy of some of the items on your FAFSA. If you are selected, you will need to submit to the College certain financial documents including, but not limited to a tax return transcript from the IRS. The Financial Aid Office will instruct you on exactly what is needed.

Special Circumstances

If your family income drops significantly from what was reported on the FAFSA or if your family incurs large and unusual expenses, contact the Financial Aid Office. It may be possible to have your eligibility for financial aid re-evaluated and based upon your current financial situation. Please contact our office for forms and instructions. This process is lengthy, please be aware this process cannot be completed immediatley.

Award Letter

After the financial aid process is complete, an award letter will be mailed/emailed out showing an estimated amount of aid you will receive each quarter if you attend full-time. The actual amount of your aid will be established after you have registered for and attended class. You may also access this information on your MyNC account

* Aid may be adjusted throughout the year as additional information, awards, funding, or scholarships are applied.

If your aid award does not entirely pay for tuition and expenses, you may decide to apply for additional Federal Direct student loan, Federal Work Study or NC State Scholarships. Processing a student loan takes an additional ten business days.

Information Inquirys

Important Links