How do I know who services my student loan?
To find out who your loan servicer is, call the Federal Student Aid Information Center (FSAIC) at 1-800-433-3243
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What is a student loan servicer?
A loan servicer is a company that handles the billing and other services on your federal student loan . Contact your loan servicer for repayment plans, student loan forgiveness , and more
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When do I have to start paying my student loans back?
You must start making payments on you student loans six months after you graduate, drop below half-time status, or stop attending.
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When/How will I get my money for my Student Loans?
Students Loans are spilt into TWO disbursements each semester.
The first disbursement in approximately 45 days AFTER the first class day and the second is approximately 30 days later.
All institutional charges (tuition, fees, books, etc.) are deducted before any credit balances are refunded.
Example:
Loan Award=$5,500/year or $2750/semester
Disbursements #1- $1360 ($1375 les Dept. of Ed Loan Origination Fee). Disbursed 1st Class day + appx 45 days
Disbursements #2- $1360 ($1375 less Dept. of Ed Loan Origination Fee). Disbursed 1st Class day + appx 75 days
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Isidoro Hernandez
“I choose to attend NTCC for several reasons. Because it was the closest college to my home, I could afford it (at least with financial aid), and I could live with my parents and get support from them.”
What are the dates and deadlines for financial aid?
| If you need financial aid for this semester: | Submit documentation by: |
| Fall Semester | June 1 |
| Spring Semester | October 1 |
| Summer | April 1 |
Dates listed above are priority dates. Applications received after these dates will be processed as time and availability of funds permit. You must reapply for financial assistance each academic year. Your award does not continue automatically beyond the period awarded.
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Is loan counseling for Stafford Student Loans and Supplemental Loans for student borrowers available?
Northeast no longer participates in the Federal Family Student Loan Program.
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What types of scholarships are available through NTCC?
Go to our Scholarship Information page to view available scholarships.
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Do I have to pay taxes on my scholarship or grant?
Effective January 1, 1987, all scholarships and grants are subject to taxation under the new tax reform act. The tax reform act allows exemptions for degree candidates in the amount received for tuition, required fees, required books, supplies, and equipment. The student will be responsible for justifying and documenting the allowable expenses to be excluded. Accurate records of scholarships and grants received and receipts for books, supplies, tuition, and required fees should be kept by each student to file with income tax returns. Questions and requests should be directed to the IRS or a private tax consultant.
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