Financial Aid

 

Important News

COMMUNICATION FROM THE FINANCIAL AID OFFICE

The Financial Aid Office uses electronic communication for the majority of our communication with students.  This allows us to effectively communicate with you in a timelier manner.  It is very important for students to do the following DAILY:

  • 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 or have questions please contact our office at (219) 785-5460, visit us in Technology Building, Room 157 or email us at finaid@pnc.edu.

SATISFACTORY ACADEMIC PROGRESS

Financial Aid Satisfactory Academic Progress (SAP) status for spring 2014 was updated on December 31, 2013. If your status is Satisfactory you continue to remain eligible for financial aid. If your status is Warning or Probationary you continue to remain eligible for financial aid, however, you must meet all SAP requirements in order to receive financial aid beyond the Warning or Probationary term. If your status is Ineligible you are not eligible for financial aid until you once again meet all of the SAP requirements or have an approved appeal and academic plan. Click on Satisfactory Academic Progress for additional information.

STATE FINANCIAL AID

Indiana awards and scholarships are administered by the Division of Student Financial Aid (SFA) and include the Frank O’Bannon Grant, The 21st Century Scholars Award and the Part-Time Grant.  You may apply for state aid by filing a Free Application for Federal Student Aid (FAFSA). The FAFSA must be received by the Federal Processor for state scholarship/grant consideration after January 1 but on or before March 10 each year.  SFA has a self-service website, called eStudent, for students that have filed a FAFSA as residents of the State of Indiana.

Part-Time State Grant Changes

Beginning with the 2014-15 academic year, the Part-Time Grant will be directly administered by the SFA.  Students who plan to enroll part-time (6 – 11 credit hours) in the 2014-15 academic year and wish to be considered for the grant must complete the Part-Time Grant application.

Frank O’Bannon and 21st Century Scholars Changes

Frank O’Bannon grant recipients first receiving state aid in the 2013-14 academic year and beyond must successfully complete 30 credit hours each calendar year (fall, spring and summer) to maintain full eligibility for the Frank O’Bannon grant. Students completing 24 – 29 credit hours each calendar year will remain eligible for the Frank O’Bannon grant but at a reduced award amount.

21st Century Scholars award recipients first receiving state aid in the 2013-14 academic year and beyond must successfully complete 30 credit hours each calendar year (fall, spring and summer) to maintain eligibility for the 21st Century Scholars award.  Students who do not complete the required 30 credit hours each calendar year 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 each calendar year.

Lost eligibility can be regained.  For example, a 21st Century Scholars recipient completes 27 credit hours in year one and loses eligibility but is able to complete 60 credit hours by the end of year two and regains eligibility in year three.

Learn more about Frank O’Bannon and 21st Century Scholars changes.

Authorization to Reserve State Aid

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.

Beginning with summer 2014, students eligible for state aid during the fall and/or spring semesters each 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 during the fall and/or spring semesters.  If you wish to reserve a portion of your estimated 21st Century Scholars award or Frank O’Bannon grant from fall and/or spring complete, sign and date the Authorization to Reserve State Funding for Summer 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 fall and/or spring funds:

  • The Authorization to Reserve State Funding for summer 2014 form submission deadline has passed, however, state aid can be reserved for summer 2015.  The summer 2015 form will be available in July 2014.
  • State aid pays for tuition and accepted fees only; excess state aid not used for summer will be returned to your account for the fall and/or spring semesters.
  • 21st Century Scholars award or Frank O’Bannon grant funds can only be reserved for summer.  Your fall and/or spring award(s) will be reduced by the amount you indicate to reserve for summer.

2014-15 ACADEMIC YEAR

Submit your 2014-15 Free Application for Federal Student Aid (FAFSA)

The first step in the Financial Aid process is to complete the Free Application for Federal Student Aid (FAFSA).  Each January the new FAFSA is available for the following academic year. If you have already filed your (your parents) 2013 Federal Tax Return, take advantage of the IRS Data Retrieval Tool to have your (your parents) tax information downloaded directly to the FAFSA.  To be considered for state grants your FAFSA must be received by the Federal Processor by March 10 each year.  If your tax data is not yet available you can estimate it using your W2 forms or prior year taxes so you can meet the March 10 state filing deadline.  Once you receive your actual tax data you can make corrections to your FAFSA online or with the Financial Aid Office.  Note: All corrections must be filed before the May 15 state edit deadline.

All admitted degree-seeking students who are U.S. citizens or permanent residents will qualify for financial aid once the FAFSA is received and all requirements are met.  The type of financial aid awarded will be based on the student’s eligibility. There is no fee to file the FAFSA, so why not find out what programs you are eligible for?

Seven Easy Steps to the FAFSA: Online Tutorial

Are you new to Purdue University North Central?  Learn more about financial aid and becoming a successful PNC student at New Student Orientation.

FAFSA Verification for 2014-15

Verification is a process created by the U.S. Department of Education intended to improve the accuracy of the data submitted on the FAFSA.  If you are selected for verification, the Financial Aid Office will ask for documentation necessary to verify data submitted on the FAFSA.  You are encouraged to use the IRS Data Retrieval Tool to transfer federal income tax data to the FAFSA.  Unmodified tax data elements will not be subject to verification.  Check Self-Service Banner (SSB) DAILY to monitor your financial aid status and watch for emails from the Financial Aid Office requesting information and/or needed to complete your financial aid file for 2014-15.

Additional FAFSA Verification Information

Financial Aid Awarding for 2014-15

Financial aid awarding for 2014-15 is scheduled to begin mid spring for newly admitted freshman.   Awards for all other students will begin in late May after spring 2014 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 SSB to check for important messages regarding your financial aid.

2014-15 Sample Financial Aid Award Packages

Direct Subsidized Stafford Loans Time Limitation

A law affecting Subsidized Stafford Loan eligibility took effect July 1, 2013 for students who are first-time borrowers on or after July 1, 2013.  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.

Learn more about the Time Limitation and the Impact to Students

2013-14 ACADEMIC YEAR

Submit your 2013-14 Free Application for Federal Student Aid (FAFSA)

Students can still file a Free Application for Federal Student Aid (FAFSA) for the 2013-14 aid year and be considered for Federal financial aid.  The filing deadline for 2013-14 is June 30, 2014.  If you plan to file for spring 2014 or summer 2014, make sure to select the 2013-14 aid year tab on the FAFSA.

Summer 2014 Financial Aid Information

The Financial Aid Office will begin determining summer aid eligibility in early April for students who are registered for the summer term.  You will automatically be considered for financial aid for summer.  A separate financial aid application for summer is not required.  Click on Summer 2014 Financial Aid for important information.

Make sure you have completed the following items in preparation for summer 2014:

  • Register for your summer 2014 classes
  • Confirm your enrollment for summer 2014
  • Make payment arrangements for any balance remaining on your account that is not covered by your financial aid by the summer 2014 fee payment deadline of May 2, 2014 or complete an on-line financial aid deferment.
  • Check your Satisfactory Academic Progress status for summer 2014 the week of May 19, 2014.  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:

Accepting/Viewing Awards
Checking for Required Documents or Information
Complete Direct Loan Entrance Counseling and Master Promissory Note (MPN)
Payment Plan, Payment Dates and Refunds
Important Deadlines