2017 Summer Financial Aid Award Notice Information Returning students and/or borrowers, disbursement of Financial Aid Disbursement and Payment any financial aid that is left over after tuition, fees and any books that were charged will be available to you Disbursement of summer financial aid begins June 1, approximately three weeks after the start of each 2017. You must register for all summer classes (for semester. Financial Aid overage can be directly deposited all enrollment periods) prior to receiving your aid. or a check could be mailed to your permanent address. All financial aid funds, including grants, loans, and third party agency awards are first applied against Summer loans require a split disbursement. The first direct school costs. If applicable, any overage of disbursement will be at the beginning of the semester funds will be disbursed June 1, 2017, unless your (depending on first-time borrower or returning borrower classes have not started. If this is the case, the status) and the second disbursement at the midpoint of earliest your aid can be disbursed is 10 days before the semester. the first class begins. A check will be mailed to your Satisfactory Academic Progress (SAP) permanent address if you are not signed up for direct deposit. If you have at least one NTC course in A satisfactory academic progress review for financial aid the summer term, you may charge your books to is conducted immediately after spring grades are your NTC student account at the NTC on-campus processed. If you are found to be below the standards bookstore from April 24 - May 19, 2017. Financial for aid (GPA, percent completion rate, or maximum time aid at NTC will only automatically be applied to my frame), your summer financial aid could be cancelled. The bill at NTC. You are responsible to pay all other Satisfactory Academic Progress Policy can be found at: school bills out-of-pocket or with any disbursed http://www.ntcmn.edu/myntc/finances/aid/forms- financial aid. policies/.

Federal Direct Loan Outside Agency Funding If you wish to receive a summer Federal Direct Loan, If you anticipate receiving funding from an agency such as review your Summer Financial Aid Award Notice and VRS, CEP, JTPA, TAA, tribal or a scholarship for the follow the instructions to accept a Federal Direct Loan summer, be sure this funding is indicated on your award online. First-time Direct Loan borrowers must complete notice. If it is not on your award notice, notify the an electronic Master Promissory Note (eMPN) prior to Financial Aid Office immediately at (218) 333-6600. disbursement of loan funds. Entrance loan counseling is Enrollment Changes also required for all new Federal Direct Loan borrowers at NTC. Go to www.studentloans.gov to complete the Cancellation of a class or change in your enrollment after eMPN and entrance loan counseling using your FSA ID. your aid is processed (including withdrawn courses), regardless of the reason, will result in a recalculation of First year, First-time Direct Loan Borrowers (or previous your eligibility. If the recalculation results in an over borrowers with no outstanding balance): Your direct loan award, you may become ineligible for aid you have disbursement will be processed approximately 30 days already received. Please notify the Financial Aid Office if after the start of the semester. you change your enrollment after your aid has been determined.