Federal Student Loan Process – www.studentloans.gov
(Subsidized, Unsubsidized, and Parent PLUS Loans)
FSA ID – www.fsaid.ed.gov
NYS Tap – www.hesc.ed.gov
NYS Excelsior – www.hesc.ed.gov
Private/Alternative Loan Information – http://elmselect.com/#/
Families may need to explore financial aid in the forms of grants and scholarships, loans and work study to help finance their college education. The staff at North Country Community College is committed to helping you and families evaluating all your educational options.
The first step to filing the Free Application for Federal Student Aid (FAFSA) is to obtain a Federal Student Aid ID (FSA ID). The FSA ID allows you to access the Federal Student Aid’s online systems. If a federal dependent student, a parent will also have to apply for an FSAID. It serves as your legal signature (both student and parent) when signing the FAFSA and your Master Promissory note for your Federal Direct Student Loans. Once you have established your FSA ID, you should keep it in a safe place as you will be using it each year that you apply for aid. To apply for your FSA ID, please visit www.fsaid.ed.gov.
The next step is to complete the FAFSA. The FAFSA is available any time after October 1st for the following academic year. Each year, the FAFSA will use income information from the prior-prior year. For example, the 2018-2019 academic year is based on the 2016 tax year. To complete the FAFSA, visit: www.fafsa.ed.gov.
NCCC’s federal code is: 007111
If you are a resident of New York State, you MAY be eligible for a Tuition Assistance Program (TAP) award. After filing your FAFSA, you will be able to link directly to the TAP application form the FAFSA confirmation page. You must include NCCC school code 2258.
If you missed the link, you may complete the application here: http://www.tap.hesc.ny.gov/totw/
NCCC’s New York State TAP code is 2258
If you are a Vermont resident, do not forget to submit your application to VSAC (Vermont Student Assistance Corp) for consideration for a state grant. Please visit www.vsac.org.
Determining Financial Aid Eligibility and Understanding Residency Requirements:
In order to be eligible for any Title IV financial aid, a student must:
- Be a U.S. citizen or permanent resident.
- Be accepted into a program of study through the Admissions Office leading to a degree or certificate.
- Be a high school graduate, or have earned a recognized general equivalency diploma (G.E.D.) or demonstrate ability to benefit by passing an independently administered examination prior to enrollment.
- Be in good academic standing and maintain satisfactory academic progress.
- Not owe a refund or repayment of any previously received Title IV financial aid funds.
- Not be in default on previously received student loans.
Essex and Franklin County residents must have been a resident of the State of New York for one year, and of the County of Essex or Franklin for six months immediately prior to registration.
New York State residents must have been a resident of the State of New York for one year and of a county other than Essex or Franklin for six months immediately prior to registration.
To qualify for the resident tuition rate a student is required by law to present, once each academic year on or before registration, a Certificate of Residence. This certificate must indicate that he or she meets the legal resident requirements listed above.
Non-resident students are any students that do not fulfill Essex and Franklin County and/or New York State residency requirements. Non-resident students are required to pay non-resident tuition rates.
If a student is selected for verification, the request for verification documents will be sent via e-mail and postal mail. Please respond to verification requests in a timely manner. Verification forms can also be accessed under Forms.
Federal verification is an important part of the financial aid application process. If you are selected for federal verification, the requirements must be met in order for financial aid to disburse your federal funds. All awards will remain an estimate until this process is validated.
The data elements required for verification is income, untaxed income, household size, number in college, high school completion status, citizenship and unusual enrollment history.
There are two ways to verify income. The FASFA allows tax data to be retrieved directly from the Internal Revenue Service (IRS). The IRS Data Retrieval Tool 9DRT) will allow the federal tax return data to be uploaded directly to the FAFSA. We strongly encourage you to use this tool, as it is the fastest, most secure way to fulfil and provide verified tax information.
If you are unable to use the IRS DRT, you must request a tax return transcript (not tax account) from the IRS. Please click on the link http://www.irs.gov/individuals/get-transcript and complete the steps to get transcripts either online or by mail.
Types of Aid Available
There are a variety of ways to supplement the funds you have set aside for your education. Many students will receive some sort of financial aid; some funds do not have to be repaid while others are loans. You’ll find information on the most common kinds of student aid here.
Satisfactory Academic Progress for Financial Aid
Federal and state regulations require that financial aid recipients show satisfactory academic progress towards their degree or certificate objective. Satisfactory academic progress includes both a qualitative and a quantitative measure. SAP is reviewed at the conclusion of every semester. Find more information on Satisfactory Progress here.
Return of Federal Financial Aid When Students Withdraw from North Country Community College
If a student withdraws from college, federal law legally obligates NCCC to return any unearned financial aid from Title IV programs back to the federal government on a pro-rated basis for students who withdraw from the college prior to 60% of the semester length. The student is responsible for any college account balance that is created by the return of unearned Title IV funds. The federal Title IV programs that are covered by this law are: Federal Pell Grants, Iraq Afghanistan Service Grants, TEACH Grants, Subsidized Loans, Unsubsidized Loans, PLUS Loans, Federal Supplemental Educational Opportunity Grants (FSEOGs), and Federal Perkins Loans.
When a student withdraws, the length of the semester and effective college withdrawal date determine the amount of federal financial aid funds that must be returned. If a student withdraws with an effective date prior to 60% of the semester, federal financial aid is earned proportionally based upon the percent of semester completed. If a student withdraws with an effective date after 60% of the semester, the student is considered to have earned 100% of federal aid and no funds must be returned to federal government.
The effective college withdrawal date is established based upon whether the student withdraws officially or unofficially. An official college withdrawal occurs when a student completes the college process to withdraw. For an official withdrawal, the effective date is the date the student starts the college withdraw or notifies an appropriate office of their intent to withdraw. An unofficial college withdrawal occurs when a student never attends or stops actively participating in all courses in term. Active participation includes attending a class, completing an assignment, taking an exam or quiz, etc. If a course is online, it also includes participating in an online discussion, but would not include a simple login with no active participation. After a term ends, the Financial Aid Office reviews all students who did not earn any credits in a semester. For unofficial withdraws, the effective withdrawal date is the last date of active participation in all classes in a semester. If the last date of active participation cannot be determined for all classes in a semester, per federal law, the effective college withdrawal date defaults to 50% or the latest date of active participation, whichever occurs later.
Once the semester length and effective college withdrawal date have been determined, NCCC must return any unearned portion of federal funds. The amount of unearned funds to be returned is calculated using the following formulas:
- Percent of Earned Funds= (Number of days between semester start date and effective college withdrawal date)/(Number of days between semester start date and semester end date)
- Percent of Unearned Funds= 100% – Percent of earned federal Funds
- Amount of Unearned Funds= Percent of unearned funds * amount federal funds originally scheduled to receive
For example, suppose a student originally receives $1,000 in federal aid funds for a semester that lasts 100 days. If this student officially or unofficially withdraws with an effective date on day 30 of the semester, he or she would earn 30% of federal aid funds, leaving 70% unearned. In this example, NCCC would be legally obligated to return $700 back to the federal government (70% * $1,000). The student would be responsible for any college account balance that was created from this return.
A student is considered to have earned 100% of federal aid funds if the effective withdrawal date occurs on or after 60% of the semester length. College breaks that last five or more days are excluded in the calculation of the semester length. Also note that NCCC will return 100% of federal funds if a student never actively participated in a semester.
The requirements for the return of federal aid funds when you withdraw are separate from NCCC’s refund schedule for tuition and fees. Therefore, you may still owe funds to the NCCC to cover unpaid institutional charges. NCCC may also charge you for any Title IV aid that the college was required to return. See the refund schedule online at http://www.nccc.edu/refunds/.
Other Withdrawal Issues
If a student did not receive all of the funds that were earned, a student may be due a Post-withdrawal disbursement. If a Post-withdrawal disbursement includes loan funds, NCCC must get the student’s permission before it can disburse them. A student may choose to decline some or all of the loan funds in order to avoid incurring additional debt. NCCC may automatically use all or a portion of your Post-withdrawal disbursement of grant funds for tuition, fees, and NCCC room and board charges. NCCC needs the student’s permission to use the Post-withdrawal grant disbursement for all other college charges. If a student did not give NCCC permission during the federal authorization request process, you will be offered the funds. However, it may be in the student’s best interest to allow NCCC to keep the funds to reduce your debt at the college.
There are some Title IV funds that cannot be disbursed to a student after a withdrawal because of other eligibility requirements. For example, first-time, first-year undergraduate students who withdraw before completing 30 days are not eligible to receive any Direct Loan funds that would have been received had the student remained enrolled past the 30th day.
Financial Aid Forms:
The link below you will find all financial aid forms that may be requested to process or complete your financial aid.
Receiving a scholarship can actually reduce the amount of debt you have after completing your degree.
Information on scholarships available to North Country Community College students may be accessed by visiting our NCCC Foundation Scholarship Directory
You may also be interested in http://www.studentaid.ed.gov/. This website was designed by students for students and features first-person accounts of students who overcame challenges of going to college such as peer pressure, lack of family support, and financial barriers. It provides relevant, comprehensive information about why to go, how to go, and how to pay for college and other post-secondary educational programs. Those who may not have considered higher education a viable option will be engaged, informed, and inspired to create their own “roadmap” to college.
The Net Price Calculator
The Net Price Calculator is intended to provide an estimated net price to current and prospective students. The net price is defined as the amount that a student pays to attend an institution in a single academic year AFTER subtracting scholarships and grants the student receives. Please visit the SUNY net price calculator by clicking here — Net Price Calculator
Tuition & Fees
Student billing information can be found at http://www.nccc.edu/tuition-fees-and-business-office/
Code of Conduct
We are members of NASFAA and as members follow their ethics and code of conduct. This information can be found at http://www.nasfaa.org/Ethics_Values
External Financial Aid Links:
Private/Alternative Loan Information – http://www.finaid.org/loans/privatestudentloans.phtml
Federal Student Aid – www.studentaid.ed.gov
National Student Loan Data System – www.nslds.ed.gov
FAFSA (Free Application for Federal Student Aid) – www.fafsa.ed.gov
HESC (NYS Higher Education Services Corp) – www.hesc.ny.gov
VSAC (Vermont Student Assistance) – www.vsac.org
Federal Student Loans – www.studentloans.gov
Fastweb – www.fastweb.com
FinAid – www.finaid.org
Important Financial Aid Numbers / Codes
Federal Code: 007111
Federal Student Aid Processor: (800) 4-FEDAID
NYS Tap Program: (888) NYS-HESC NYS Tap Code: 2258
Important consumer information can be found at http://www.nccc.edu/student-consumer-information/