Applying for Financial Aid
You’re eligible for financial aid if you meet the following criteria:
- Enrolled at least half time (undergraduate, 4 credit hours/term; graduate, 3 credit hours/term) in a degree-seeking program. Some programs require full-time enrollment
- U.S. citizen or eligible non-citizen
- Registered with the Selective Service, if required
- Completed the Free Application for Federal Student Aid (FAFSA)
- If requested by our office, completed Institutional Verification Form IVF and submitted other requested documents
- Making satisfactory academic progress toward your degree
- Not in default on a Federal Perkins Loan, Federal Stafford Loan (Guaranteed Student Loan), Federally Insured Student Loan (FISL), Federal Supplemental Loan for Students (SLS) or Federal Parent Loan for Undergraduate Students (PLUS), Auxiliary Loan to Assist Students (ALAS), Illinois Opportunity Loan (IOL), Federal Consolidation Loan or Income Contingent Loan
- Don’t owe a repayment on a Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Pell Grant, State Student Incentive Grant (SSIG), or Illinois Student Assistance Commission Monetary Award Program Grant (ISAC MAP)
- Have a high school diploma or G.E.D.
- Accepted for admission or readmission. North Central reviews your financial aid application once you’ve been admitted.
- Never convicted of drug-related offenses. Effective July 1, 2000, a student's eligibility for federal student aid is suspended if the student is convicted, under federal or state law, of any offense involving the possession or sale of a controlled substance while receiving federal aid. Any such suspension of eligibility begins on the date of conviction and lasts until the end of a statutorily specified period. The suspension of eligibility ranges from one year to indefinite, depending on the number and type of convictions. A student may regain eligibility early by completing a drug rehabilitation program that meets certain statutory and regulatory requirements or if the conviction is overturned.
To be considered for financial aid, you must be admitted as a degree-seeking student at North Central College and complete the following steps:
- Complete the FAFSA or renewal FAFSA, if you filed previously. We will automatically receive your information if North Central College is listed on your FAFSA. We recommend you file your 2016-17 FAFSA by February 1, 2016 and your 2017-18 FAFSA by December 1, 2016 to ensure that you meet all deadlines. Both FAFSA years will collect the same 2015 income tax return data.
- North Central's Title IV code number for the FAFSA is 001734
- When you complete the FAFSA, you’re applying for the following types of aid:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Federal Perkins Loan Program
- Federal Work Study (FWS)
- Federal Direct Student Loan (subsidized and unsubsidized)
- Illinois Student Assistance Commission Monetary Award Program (ISAC MAP)
- North Central College grants
Verification - Selected Students Only
The U.S. Dept. of Education randomly selects a portion of all FAFSA applications for verification. A school is required to collect documentation verifying the FAFSA has been completed accurately. After we receive your FAFSA result, you may receive a letter or an email requesting additional information to verify the data submitted on the FAFSA. If you are selected, verification must be completed before our office can consider you for financial assistance. For the verification process, complete the following steps:
- Complete the IRS Data Retrieval Tool on FAFSA or submit a copy of your 2015 federal income tax return transcript and W-2s.
- Complete the IRS Data Retrieval Tool on FAFSA or submit a copy of your parent(s) 2015 federal income tax transcript and W-2s (if you’re considered a dependent based on FAFSA dependency questions)
- Complete the Institutional Verification Form (IVF).
- Provide other information as requested by our office as part of the verification process.
Please note: Any person who intentionally makes false statements or misrepresentations on a federal aid application is violating the law and subject to a fine, imprisonment or both under the provision of the U.S. Criminal Code.
2016-17 Priority Deadlines
April 1, 2016: Students who had a completed financial aid file in the Office of Financial Aid by April 1, 2016, received primary consideration for financial assistance for the 2016-2017 academic year. A complete file consists of a valid FAFSA as well as any other documents requested by our office.
Deadlines for Illinois Student Assistance Commission (ISAC) programs
While we never have an exact date until state funding has been expended, we suggest filing the FAFSA within the first month of availability. For 2016-17, FAFSA needed to be submitted no later than March 9, 2016 to be consiered for funding. For 2017-18, FAFSA should be submitted in October 2016.