Early FAFSA filers will receive an email from the Financial Aid Office acknowledging the receipt of your financial aid application (FAFSA). You will then be notified through your NTC email account when your financial aid offer becomes available. You must then accept, edit, or decline the financial aid offered to you.
Disbursement
Disbursement means the Financial Aid Office has applied funds from your financial aid award (such as grants and student loans) to any tuition, fees, or book charges owed on your student customer account.
Receiving Your Refund
If there is any money left over once your disbursement pays your tuition, fees, and/or book voucher, you will receive the remainder of that money in the form of a refund. Selecting your refund preference is an important step to take, because even if you don’t qualify for a refund this semester, you may in the future. Please ensure that you keep your mailing address current within myNTC.
If you haven’t made your refund preference selection,
login at my.ntc.edu to get started!
- Sign into Workday
- Type "Payment Elections" into the search bar and select the report.
- Select Add
- Enter banking detail under Account Information
Student Loans
Before borrowing any federal student loans all students are required to complete entrance counseling and master promissory note (loan agreement). This can be done online at studentaid.gov . Students must enroll in at least six credit hours each semester, meet Standards of Satisfactory Academic Progress, and not have a previously defaulted loan(s).
Two loan disbursements are required for all federal direct loans.
Federal regulations require that all Direct Loans (subsidized, unsubsidized and PLUS) must be disbursed in two disbursements based on your enrollment period.
Note: Students must maintain all eligibility requirements at the time of disbursement to receive FSA funding. It is the student’s responsibility to review all financial aid policies and the Financial Aid Guide.
Have Questions?
If you have question about your refund, please contact our Student Finance staff at studentfinance@ntc.edu or 715.803.1443, and we will be happy to assist you.