Oct 06, 2022  
2022-2023 Undergraduate Catalog 
    
2022-2023 Undergraduate Catalog

Financial Aid



Office of Financial Aid

A degree from North Central College is an investment with lifelong returns. North Central partners with you and your family to maximize affordability through a number of financial assistance options. Our financial aid team will work with you to customize an aid package central to your needs. We are dedicated to making sure cost is not a barrier to a comprehensive liberal arts education. For questions about your financial aid, call or email: (630) 637-5600 or finaid@noctrl.edu.

Financial Assistance Programs

The Office of Financial Aid administers federal, state and institutional programs. Each program carries specific eligibility requirements or regulations that ensure the assistance is benefiting a maximum number of students. Due to the different criteria and requirements of each program administered, detailed descriptions of the aid programs available and the rights and responsibilities a student assumes when accepting financial assistance are provided in the Financial Aid Handbook, located at https://www.northcentralcollege.edu/aid-costs/financial-aid-policies.

Eligibility for Aid

In order to receive full consideration for any need-based financial aid or federal direct loans, a student must complete the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov. Merit scholarships are awarded at the time of admission and renewable based on the criteria of the specific scholarship earned. All other assistance is only available after completing the FAFSA and providing any additional documentation requested. To qualify for any North Central specific assistance, students must be accepted into the College. Continuing students must also meet satisfactory academic progress under the guidelines provided at https://www.northcentralcollege.edu/aid-costs/financial-aid-policies.

Loan Requirements

In order for a student to receive a Federal Direct Loan, the student must complete Entrance Counseling, sign a Master Promissory Note and file a Annual Student Loan Acknowledgment. The entrance counseling is designed to provide students with information about the different loan programs. The Master Promissory Note is an agreement to the rights and responsibilities. Lastly, the Annual Student Loan Acknowledgment provides an annual recognition of current loan debt. Students are also required to complete Exit Counseling upon graduating, enrolling below half-time, or ceasing enrollment. All requirements can be completed at https://studentaid.gov.

Veteran Benefits

Veterans and their dependents are entitled to use their chapter benefits in accordance with the rules of the Veterans Administration while attending North Central College. Applicants are required to complete and submit appropriate documents in order to establish their eligibility. For further information, contact the Office of the Registrar at (630) 637-5252.

Veterans Affairs Pending Payment Compliance

North Central College will not take any of the four following actions toward any student using U.S. Department of Veterans Affairs (VA) Post 9/11 G.I. Bill® (Ch. 33)1 or Vocational Rehabilitation and Employment (Ch. 31) benefits, while their payment from the United States Department of Veterans Affairs is pending to the educational institution:

• Prevent the student from enrolling

• Assess a late penalty fee to the student

• Require the student to secure alternative and/or additional funding

• Deny the student access to attending due to pending payment

In order to qualify for this provision, the student should produce the VA Certificate of Eligibility (COE) by applicable required financial payment dates.  VA students must notify the financial aid department each academic year of their intent to use their benefits for certification purpose and provide additional information necessary to the proper certification of enrollment by North Central College.

Tuition, fees, and other costs are equitable for all students, regardless of veteran status.

Payment of Tuition and Fees

All tuition and fees are due in full on or before the beginning of each semester. Exceptions must be approved by the Business Office Student Accounts. Billing statements are available several weeks in advance of the due date. A late payment fee will be charged for any unpaid balances. The College reserves the right to withhold a student's diploma, the degree, and a transcript of credits or course grades, as long as any bills owed the College remain unpaid. The College reserves the right to deny registration to any student with unpaid bills from a previous semester. For questions about Student Accounts, call (630) 637-5689. Both student account billing and financial aid can be viewed online through Merlin at http://merlin.noctrl.edu