Any student who withdraws or drops out of all NTC classes prior to 60% of the semester’s completion date may have to return some of the federal aid that was disbursed. The amount of aid the student may keep is proportional with the amount of time the student attended classes and the total days in the semester.  Calculation of Federal Return of Title IV funds is done by the Financial Aid Office. This calculation is separate from NTC’s tuition refund policy. Students will receive a letter explaining the calculation and the amount of funds they may have to repay.

Institutional repayments are made to the appropriate financial aid program and overpayments are recorded on NSLDS (National Student Loan Data System). The student should contact the Cashier’s Office to make arrangements for payment. Students that fail to make satisfactory arrangements to repay an overpayment, or fail to comply with a previous arrangement, are referred to the United States Department of Education for collection after 45 days of noncompliance.

Students who have unofficially withdrawn are identified at the end of each semester. A letter is sent to these students notifying them of potential financial liability. If attendance cannot be documented or certified by the faculty, the Financial Aid Office will complete a Return of Title IV Funds calculation using a 50% rate as prescribed by federal regulation. The student is notified of any financial liability resulting from this calculation. Any funds that are to be returned by the college will be returned in the following priority order: Unsubsidized Stafford Loan, Subsidized Stafford Loan, Perkins Loan, PLUS, Pell, SEOG
Note:  Students must drop classes online or through the Student Records Office. You will not be automatically dropped from classes by simply not attending. You will be liable for charges for classes not started unless they are dropped prior to the first day of the semester.