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Financial Aid Offer

Once your financial aid offer is determined by the NWTC Financial Aid office, a notification is sent to your student email. There are many different types of aid (grants, loans and work study) , and most are based on your Cost of Attendance and your financial need.
 

How is my financial need determined?

Follow these steps to ensure you receive your financial aid in a timely manner:
 

Step 1: Monitor Your Communications

Student Email: Frequently check your student email. That's where you will find important notifications and action items.

To Do List: Complete any items in your To Do List within your my.NWTC account. If there are items in your To Do List, they must be completed and removed from your To Do List prior to receiving any financial aid.

Rights and Responsibilities: Make sure to look over your Rights and Responsibilities regarding your financial aid.
 

Step 2: Financial Aid Offer Notification

Your Financial Aid Offer: Once you receive your email notification, log into my.NWTC to evaluate your Financial Aid package and accept/decline your funds. Your financial aid offer is based on your enrollment status at the time of the offer. If you are not yet enrolled for the semester, your offer will be based on an assumed full-time status. Offer amounts are subject to change based on your enrollment status as of 11:59 p.m. on the Pell Recalculation Date each semester.

Your financial aid offer may need to be adjusted, reduced or cancelled if you receive additional funds (e.g. scholarships, state grants, etc.). It is your responsibility to inform the Financial Aid Office of any other aid that is not listed on your offer.

Department of Vocational Rehabilitation: If you are a DVR client, it is the responsibility of DVR to contact the Financial Aid Office with the dollar amount they will be providing prior to you being offered any Federal Direct Loans. If you don't see DVR on your Financial Aid package and it should be, please contact your DVR counselor to determine the status of your funding.
 

Step 3: Complete Loan Requirements (If Applicable)

If you accepted Federal Direct Loans as part of your Financial Aid package, you must complete Entrance Counseling and a Master Promissory Note (MPN) on the Student Loans website. Your loans will not disburse until you have completed these requirements.
 

Step 4: Textbook Charge Process (If Applicable)

The Textbook Charge Process allows eligible students to charge the books they buy at the NWTC bookstore to their financial aid account. You are not required to complete this process if you choose to purchase your books somewhere else. Learn more about Textbook Charge eligibility.
 

Step 5: Select your Refund Preference with BankMobile

All students receiving financial aid or enrolled in at least 6 credit hours will receive a refund selection kit from BankMobile in the mail approximately 1 week after initial registration. You must have a refund preference selected in order to receive your financial aid refund. Refunds are the excess of financial aid after all tuition and fees are paid in full for the current semester. For more information about BankMobile, visit this link: http://bankmobiledisbursements.com/refundchoices/

Next Step: Disbursement
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