Authorization to Reserve State Funding for Summer 2014
New students with an admit term of Fall 2013 must successfully COMPLETE 30 credit hours during the 2013-14 academic year (fall 2013, spring 2014 and summer 2014) to maintain full eligibility for their 21st Century Scholars award or Frank O’Bannon grant. Students unable to complete 30 credit hours by the end of spring 2014 are encouraged to register for summer 2014 to meet the 30 credit hour completion requirement. If you start in fall 2013 and complete 30 hours by the end of summer 2014, you will maintain full eligibility.
New beginning with summer 2014, students eligible for state aid during the 2013-14 academic year may elect to reserve a portion of their academic year award for use in the summer. This option may help you pay for summer classes when other aid is exhausted for the 2013-14 academic year. If you wish to reserve a portion of your estimated 21st Century Scholars award or Frank O’Bannon grant from the spring 2014 semester complete, sign and date the Authorization to Reserve State Funding for Summer 2014 form which may be obtained in the Financial Aid Office in Tech 157. It is strongly recommended that you talk with a financial aid counselor to fully understand the process to reserve funds for summer.
Notes for Reserving Spring 2014 Funds:
- The Authorization to Reserve State Funding for Summer 2014 form must be received by the Financial Aid Office by January 1, 2014.
- State aid pays for tuition and accepted fees only; excess state aid not used for summer 2014 will be returned to your account for the Spring 2014 semester.
- 21st Century Scholars award or Frank O’Bannon grant funds can only be reserved from your spring 2014 award(s).
Your Spring 2014 award(s) will be reduced by the amount you indicate to reserve for Summer 2014.
Financial Aid Awarding for 2013-14
Financial aid awarding for 2013-14 has begun for newly admitted freshman. Awards for all other students will begin in late May after spring 2013 grades are complete and Satisfactory Academic Progress (SAP) statuses have been updated. Students with financial aid awards ready to be reviewed will be notified by email. To view your awards go to Self-Service Banner (SSB) via myPNC and click on the Award Information link. If you have not yet been awarded our office may need additional documentation from you. Be sure to review your Overall Status of Financial Aid within Self-Service Banner (SSB) to check for important messages regarding your financial aid.
Submit your 2013-14 Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. Priority filing deadline for 2013-14: March 10, 2013
Filing the FAFSA for 2013-14 is now easier than ever! If you have already filed your (your parents) 2012 Federal Tax Return, you may give permission on your FAFSA to have your (your parents) tax information downloaded directly to the FAFSA by the Internal Revenue Service (IRS).
- By doing this you will no longer have to provide a copy of your Federal Tax Return to the Financial Aid Office
- If you choose not to do this, you may have to provide an IRS Tax Transcript from the IRS to the Financial Aid Office. Federal Tax Returns are no longer acceptable documentation for financial aid purposes.
- The FAFSA may be completed with estimated tax information in order to meet Purdue University North Central’s March 10 priority filing date.
Direct Subsidized Stafford Loans Time Limitation
A law affecting Subsidized Stafford Loan eligibility will take effect July 1, 2013 for students who are first-time borrowers on or after July 1, 2013. A first-time borrower has no outstanding balance of principal or interest on a Direct Loan or FFEL loan as of July 1, 2013 or, if after July 1, 2013, the date the borrower obtains a Direct Loan. The law restricts the period of time for which a borrower may receive Subsidized Stafford loans to 150 percent of the published length of the borrower’s current educational program.
Frank O’Bannon and 21st Century Scholars Changes for the 2013-14 Academic Year
A law reforming the Frank O’Bannon grant requires recipients who are first entering college in the 2013-14 academic year to complete 30 credit hours their first year, 60 credit hours by the end of their second year and 90 credit hours by the end of their third year in order to maintain full eligibility for the Frank O’Bannon grant. Students who do not complete the 30, 60, or 90 credit hours but complete 24 credit hours their first year, 48 credit hours by the end of their second year and 72 credit hours by the end of their third year will be remain eligible for the Frank O’Bannon grant but at a reduced award amount.
The law also requires the 21st Century Scholars award recipients who are first entering college for the 2013-14 academic year to complete 30 credit hours their first year, 60 credit hours by the end of their second year and 90 credit hours by the end of their third year in order to maintain eligibility for the 21st Century Scholars award. Students who do not complete the required 30, 60 or 90 credit hours will lose their 21st Century Scholars eligibility. However, they may be considered for a Frank O’Bannon grant if they meet O’Bannon Grant eligibility requirements and complete at least 24 credit hours during their first year, 48 credit hours by the end of their second year and 72 credit hours by the end of their third year.
Satisfactory Academic Progress
Student’s Satisfactory Academic Progress status for summer 2013 will be updated by Tuesday, May 21, 2013. You will receive an email sent to your PNC Email and personal email address letting you know when your status has been updated for the spring 2013 semester. A message will also be posted to self-service Banner (SSB) related to your status. Students placed in an “Ineligible” status will also receive notification via U.S. Mail. Students with extenuating circumstances beyond their control may submit an appeal to the Financial Aid Office explaining their circumstances. The priority submission deadline for an appeal is Monday, June 3, 2013.
Both Federal statues and U.S. Department of Education regulations require institutions of higher education to establish minimum standards of Satisfactory Academic Progress for students receiving federal aid. In addition, all state program regulations (Frank O’Bannon Grant, Twenty-First Century Scholars, etc.) require students to meet the Satisfactory Academic Progress criteria established for federal student aid. If you have any questions related to your status, contact the Financial Aid Office at (219) 785-5460.
Spring 2014 Financial Aid Information
Make sure you have completed the following items in preparation for spring 2014!
- Register for your spring 2014 classes
- Confirm the status of your financial aid for spring 2014
- Confirm your enrollment for spring 2014
- Make payment arrangements for any balance remaining on your account that is not covered by your financial aid by the spring 2014 fee payment deadline of December 13, 2013 or complete an on-line financial aid deferment.
- Check your Satisfactory Academic Progress status for spring 2014 the week of December 30, 2013. Should your status change to “ineligible” you are responsible for payment of your bill in full. You may appeal an “ineligible” status.
The following links provide valuable information to assist you through the enrollment process:
Check on Outstanding Financial Aid Documents
Complete Direct Loan Entrance Counseling
Complete Direct Loan Master Promissory Note
Satisfactory Academic Progress Policy and Appeal Form
Installment Plan Information
If you have any questions contact our office at (219) 785-5460, visit us in Tech 157 or e-mail us at email@example.com.
Communications from the Financial Aid Office at PNC
In an effort to become more efficient, improve overall operations, and protect valuable resources, we have moved from paper to electronic communications for the majority of our communications with students. Therefore, on a DAILY basis, it is VERY IMPORTANT for students to do the following:
- Check your PNC email and your personal email (as provided by you on your FAFSA) for important messages from our office.
- Check Self-Service Banner for important messages and to review any documents that may be required from you at this time.
- Check the Financial Aid home page on a regular basis for helpful information.
If you need assistance feel free to contact us at firstname.lastname@example.org, call us at (219) 785-5460 or visit us in the Enrollment Services Office located in Tech 157.
FAFSA Data Load and Verification for 2013-2014
The Financial Aid Office continues to load student FAFSA data into the student information system and requesting information and/or documents from students to complete their financial aid file for 2013-14.
Check Self-Service Banner DAILY to monitor your financial aid status and watch for emails from the Financial Aid Office sent to your PNC email address and your personal email address as provided on your FAFSA.
For more information about this process click on the link below: FAFSA Data Load and Verification Process for 2013-14 (PDF)
Submit your 2013-14 Free Application for Federal Student Aid (FAFSA) online at fafsa.gov!
Students can still file a FAFSA for the 2013-14 aid year and be considered for Federal Pell Grant and Federal Direct Student Loan eligibility.
The Purdue North Central Financial Aid Staff wants to be sure that no student is denied higher education simply because they cannot afford to attend.
Over one half (63%) of PNC students take advantage of some $15 million in Financial Aid awarded annually. Financial Aid is made available through grants and scholarships, as well as loan and work-study programs.
The first step in the Financial Aid process is to complete the Free Application for Federal Student Aid (FAFSA). Each January the new FAFSA forms are available for the following academic year. To be considered for state grants your FAFSA should be completed by March 1 to ensure it is received by the annual March 10 deadline as established by the State Student Assistance Commission for Indiana (SSACI).
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