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 apply 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 a Student Aid Report (SAR) if North Central College is listed on your FAFSA. We recommend you file your FAFSA by February 1 each year to ensure that you meet all deadlines.
- 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 2014 federal income tax transcript and W-2s.
- Complete the IRS Data Retrieval Tool on FAFSA or submit a copy of your parent(s) 2014 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.
February 1, 2015: IL Residents applying for ISAC MAP grant should file FAFSA no later than this date.
April 1, 2015: Students who have a completed financial aid file in the Office of Financial Aid by April 1, 2015, will receive primary consideration for financial assistance for the 2015-2016 academic year. A complete file consists of a valid FAFSA as well as any other documents requested by our office. After April 1, 2015: Students who complete their financial aid file after this date may be subject to reduced amounts of financial assistance for the 2015-2016 academic year dependent upon remaining funds.
June 1, 2015: Deadline for assistance for fall term 2015 for current students. Completed financial aid files received after this date will be classified as late and only be considered for reduced funding, as long as funds remain available.
Deadlines for Illinois Student Assistance Commission (ISAC) programs
We suggest you have a valid 2015-16 FAFSA filed NO LATER THAN FEBRUARY 1, 2015 in order to be considered for state grant funding for the 2015-16 academic year. All dates are subject to change by the Illinois Student Assistance Commission.