Financial Aid FAQ
- What is the NHCTC - Laconia school code?
- What are the steps for applying for Financial Aid at NHCTC - Laconia?
- Do I have to wait until I am accepted into a program to submit the financial aid paperwork?
- What is the Pell Grant?
- What is an independent student?
- Are there other grants or scholarships available?
- I have financial aid but it didn't show up on my bill; can you help me?
- Can you tell me when my disbursement date is?
- Can you tell me how much my refund will be?
- Can you tell me when I can pick up my refund?
- Can I access my financial aid information on-line?
- When do I have to begin repaying my student loan?
2. What are the
steps for applying for Financial Aid?
Refer
to "Process to Apply for Financial Aid" page.
3. Do I have to wait until I am accepted into a program
to submit the
financial aid paperwork?
No. Once
you have applied to Admissions for the current aid
year you
should submit the Free Application for Federal
Student Aid (FAFSA)
at www.FAFSA.ed.gov. If requested
by the FA
Office you may download and complete the
Verification
Worksheet (PDF or Printed Copy) with all supporting
documents.
4. What is the
Pell Grant?
This is the Federal
government's basic grant program. Eligibility
is determined from
the information the student provides on the
FAFSA.
5. What is an
independent student?
You are an
independent student when you reach the age of 24,
have become a
Veteran of the US Armed Forces, are married,
have a child that
you support, have a Bachelor's Degree or were
a ward of the
court.
6. Are there
other grants or scholarships available?
Refer to the
"Additional Grant, Loan and Scholarship information"
page, our
electronic bulletin board in the cafeteria or the tower
of scholarship
information located in our Library. We encourage
students to do
research on their own as well.
7. I have
financial aid but it didn't show up on my bill; can you help me?
The Federal
Government mandates that funds for first-time
borrowers be held
for 30 days. Each semester, grants and loans
will begin to
disburse approximately 15 days into the semester
and each week
thereafter through the end of the semester.
8. Can you tell
me when my disbursement date is?
Your individual
loan disbursement schedule is listed on the
Disclosure
Statement you receive form your lender.
9. Can you tell
me how much my refund will be?
We do not
know what your refund will be. You can subtract your
financial aid
from your bill to estimate your refund if you are
eligible for
a refund. Or you may track your account activity and
transactions
via the Student Information System link which is
located on
the left side in the navigation bar on the Financial Aid
web pages.
10. Can you tell me
when I can pick up my refund?
Any and all
refunds will be mailed directly to the student's
address of
record. You may track your account activity
and
transactions via the Student Information System link
which is
located on the left side in the navigation bar on
the Financial
Aid web pages.
11. Can I access
my financial aid information on-line?
Yes,
you can, through the Student Information System link which
is located on the left side in the navigation bar on the Financial
Aid web pages.
12. When do I
have to begin repaying my student loan?
Stafford loan repayment begins 6 months after you withdraw
or graduate from the College. Perkins loan repayment begins 9
months after you withdraw or graduate from the College.
