Student loans, unlike grants and scholarships, are a type of financial assistance that must be repaid with interest so be sure to research your options carefully and borrow conservatively.
Federal loans typically offer lower interest rates and better benefits than private alternative loans. You are strongly encouraged to maximize your federal loan eligibility prior to considering any other loan options.
All loan information will be submitted to the National Student Loan Database System (NSLDS) and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.
To ensure the integrity and best interests of our students, all NTC employees are subject to the Student Loan Code of Conduct.
It is your responsibility to:
- Read all directions thoroughly, complete all application forms accurately, and comply with all applicable deadlines.
- Provide any supplemental information or documentation requested.
- Regularly monitor both your NTC e-Services and email account.
- Report to the NTC Financial Aid Office the receipt of any private funding source, such as scholarships and third-party agencies.
- Notify the Financial Aid Office of any change in your enrollment status.
- Satisfactorily complete coursework attempted each term you receive financial aid.
- Accept only financial aid funds for which you are eligible and use all funds received for educational expenses.
- Know and comply with all requirements to remain eligible for financial aid; including compliance with the Satisfactory Academic Progress and Return of Federal Title IV Funds Policies.
- Complete entrance loan counseling and a master promissory note as required for receiving a Federal Direct Loan at NTC.
- Notify the servicer of your student loans of any change in your mailing address.
- Repay all student loans received as agreed, regardless of program completion.