Financial aid is money you and your family can get for educational expenses. It’s designed to supplement the amount you and your family contribute. NTI’s financial aid office will answer your questions, help you review your options and assist you in any stage of the financial aid process. Be an informed consumer.

Fast Awards

Log into this Web site to view your financial aid award package. (It will open in another page.)

Student Rights

• Receive sufficient information to understand financial aid policies and procedures.
• Discuss eligibility with a financial aid staff member.
• Receive fair and equitable consideration for financial aid based on eligibility and availability of funds.
• Request consideration for unique or extenuating financial circumstances.
• Appeal decisions regarding aid eligibility including suspension.
• Request information regarding his/her loan indebtedness and repayment options.

Student Responsibilities

• Be informed about application processes and eligibility requirements.
• Read and respond to all information from the Financial Aid Office in a timely manner.
• Apply annually for financial aid (if any is desired) by published deadlines.
• Consult with the Financial Aid Office before changing enrollment.
• Inform the Financial Aid Office of financial resources (including scholarships).
• Adhere to the terms and conditions of all aid accepted.
• Inform the Financial Aid Office of any change in name, address, or financial status.
• Meet all loan obligations until the loan is paid in full.

Disbursements

Most aid disbursements are made at the beginning of each term. Aid is disbursed by NTI to the student’s tuition account. In many cases, NTI receives a number of disbursements at one time. Please allow time for processing. You will be notified each time a disbursement arrives. By Federal and State law, all tuition and fees must be paid in full BEFORE any money is disbursed to the student for living expenses. NTI will disburse any credit balance existing on the student’s tuition account in check form to the student. All financial aid programs require that no disbursements be made to a student who (a) is in default on a student loan, (b) owes a refund on a Federal Pell Grant, or (c) is not making satisfactory progress in the course of study being pursued (based on the standards and practices of NTI).

Deadlines

A financial aid application (FAFSA) is only valid from July 1 to June 30 of the following year. As such, students seeking grants or loans must re-apply annually for financial aid. All aid applications (FAFSA, loan applications, etc.) should be submitted at least 6 weeks prior to the semester to have funds available within the first couple of weeks of the semester. New applications are available in the Bookstore beginning in early February each year. Failure to submit FAFSA and other required financial aid forms by the due date will result in the student becoming personally responsible for all tuition and fees.

Refund Policy

A student wishing to withdraw from NTI must notify the Business Office. Students who withdraw or are terminated may be due a prorated institutional refund. This refund is calculated to the last day of physical attendance. All refunds are made within 30 days from the student’s withdrawal date.

Return of Title IV Funds

The return of unearned Title IV program funds are dictated by Federal Student Aid (FSA) requirements.

When a recipient of Title IV aid (i.e., federal grant and loan funds) withdraws from NTI after beginning attendance, the amount of aid earned is determined on a prorated basis. For example, if you completed 30% of the term, you earn 30% of the aid you were originally scheduled to receive.

If more aid was dispersed than earned, the excess funds must be returned. Any excess loan funds must be repaid in accordance with the terms of the promissory note. If less aid was dispersed than earned, the student may be due a post-withdrawal disbursement. If a portion of this payout includes loan funds, the loan funds may be declined to avoid incurring that debt.

Note: Because Title IV funds are awarded under the assumption the student will attend school for the entire award period, a student who withdraws may no longer be eligible for the aid originally scheduled.

For more information on FSA requirements, visit www.studentaid.ed.gov.