FINANCIAL AID

What is the FAFSA? 

FAFSA stands for the Free Application for Federal Student Aid. FAFSA is a federal application for financial aid that is used to determine your eligibility for federal, state and institutional need-based aid programs. This is the only application that North Central College requires.

I probably don’t qualify for aid. Should I complete the FAFSA?

We encourage all families to file a FAFSA, especially the first year.  Families are often unaware of the different types of aid resources that are available.  Federal loan eligibility, including both the Direct Unsubsidized Loan and the Direct parent PLUS Loan also require the FAFSA to be filed. The FAFSA form is free!

Do I need to be admitted before I can apply for financial aid?

No, you can apply for financial aid any time after October 1 before the academic year in which you intend to enroll. Your financial aid notification will not be available until you are admitted to North Central College.

I was selected for “Verification,” what is that? 

Approximately 30% of all FAFSA applications are selected for a process called Verification, where the federal government requires schools to confirm certain data elements reported on the application. To complete this process, applicants and/or their families will receive a letter from the Office of Financial Aid detailing the additional information needed.

Do you match scholarships offered by other institutions? 

We do not match scholarship awards from other institutions. However, we are committed to assisting admitted students truly interested in North Central College. We are happy to discuss your situation and work through your concerns. Please contact your admission counselor if you would like us to review your award offer.

First Year Student: How and when will I receive my financial aid award notification? 

For new students, financial aid award notifications are sent in the mail once your FAFSA has been received, along with any requested supporting documentation, and you are accepted to North Central. We start processing awards in December and continue through the admission cycle.