Find the best value for your investment
Choosing a college is not about finding the best deal, it’s about finding the best value for your investment.
Upon your admittance to North Central as a degree-seeking student take advantage of the available financial aid resources by following a few important steps.
*IMPORTANT NOTE ABOUT YOUR FAFSA APPLICATION
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 federal income tax return transcript and W-2s.
- Complete the IRS Data Retrieval Tool on FAFSA or submit a copy of your parent(s) 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.
Other key deadlines in obtaining financial aid
Deadlines for Illinois Student Assistance Commission (ISAC) programs: We suggest you have a valid FAFSA filed no later than December 31 in order to be considered for state grant funding for the academic year. All dates are subject to change by the Illinois Student Assistance Commission.
Determine your eligibility for aid
Along with your FAFSA application, the following conditions are required in order to be eligible for financial aid:
- 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
- Complete 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.