Checklist for Financial Aid

2015-2016 Financial Aid Checklist

ATTENTION STUDENTS ATTENDING COLLEGE FALL 2015 

Attending college for the first time is exciting and scary. What do you need to do?  Be sure to fill out an application for admission and have your high school transcript sent to the college.  Every student needs to complete the 2015-16 Free Application for Federal Student Aid or FAFSA (Pell Grant, Work-Study, or Loans).  If you receive a scholarship of any type you must complete the FAFSA.

 

1. Apply for admission to Northwest.

All applicants must meet admission requirements to receive financial assistance.

  • Students must be admitted and currently enrolled in a degree granting or certificate program.
  • Students without a high school diploma can be admitted to Northwest; however, students without a high school diploma or GED are not eligible for Federal Financial Aid.

 

2. Apply for the 2015-16 Free Application for Federal Student Aid (FAFSA)

EARLIEST DATE:  January 1, 2015

PRIORITY DEADLINE:  April 16, 2015

SCHOOL CODE:  002427

 

The FAFSA can be filed online at www.fafsa.gov.   If the website asks for payment, you are on the wrong website.  It is a FREE process.  DO NOT USE www.fafsa.com

For 2015-16, the U.S. Department of Education is requiring that students and parents use the IRS Data Request option within the FAFSA to upload their 2014 IRS Form 1040, 1040A, or 1040EZ information.

Once you have completed your online FAFSA application, you can create a FSA ID to electronically sign the FAFSA before submitting.  To create FSA ID at https://fsaid.ed.gov/npas/index.htm

NOTE:  If the FAFSA form is not signed with your FSA ID and your parent’s FSA ID, your FAFSA will not be processed or forwarded to the schools you selected. 

 

3.Waiting period.

The federal processor sends results to Northwest if the school code (002427) is listed on the FAFSA.  A Student Aid Report (SAR) is also mailed to the student within 2-3 weeks.  If a SAR is not received within six weeks, contact the Central Processing System at 1-800-433-3243 to check the status of the application. 

NOTE:  When FAFSA notifies you that your financial aid has been processed, our office still has to upload your results, collect additional documents, review those documents, and process your financial aid award.  The work has just begun at the stage you submit your FAFSA.  Please be patient.

 

4. Respond immediately to the Northwest Financial Aid Office (FAO).

  • ALL financial aid correspondence will be directed to you through myNWCC, Student Verification, and your NWCC Webmail (at northwestms.edu). Please check these often. 
  • If you have filed your Free Application for Federal Student Aid (FAFSA) for the 2015-2016 Academic Year (Fall 2015, Spring 2016, and Summer 2016). We may need additional information.  Login to your Student Verification account online at northwestms.edu under Financial AidThis is a new online, student-driven process which will allow you to finish your verification for next year before you leave school at the end of this semesterImagine having all of your financial aid available on the first day of school!! 
  • IMPORTANT: Click on Student Verification in the Financial Aid drop-down menu from northwestms.edu.  Since this is the first time you have used this product, ALL students will need to click Create Account and establish an account using your preferred email (required for email notifications regarding your documents) and cell phone number (optional for text alerts regarding your documents).  Please include your Student ID # on your account setup.

 

Thirty percent (30%) of all students are selected for a process called “Verification” by the U.S. Department of Education.  Under Verification, the Financial Aid Office has to collect additional documents (i.e. tax forms, W2’s, proof of marital status, etc.)

NOTE:  Any documents received after June 1, 2015, will result in a delay.  You may have to pay for your tuition, fees, and books & supplies out-of-pocket until your documents have been processed.

 

5. Student Web Portal (myNWCC)

The Student Web Portal is another valuable tool for checking your mailing address, account balance, dates refund checks have been mailed, etc.  Familiarize yourself with both of these and check them often.

 

6. Maintain Satisfactory Academic Progress (SAP).

Students receiving any form of financial aid from Northwest will be expected to maintain satisfactory academic progress toward their degree objective.  Class attendance and performance will be monitored.

 

Credit Hours

Attempted

Percentage of Hours Attempted

(Includes Classes dropped)

That You  Must Pass

Minimum Cumulative

GPA You Must Maintain

1-6 50% 1.25
7-12 50% 1.35
13-20 50% 1.55
21-96 67% 2.00
97 and up Generally Not Eligible for Fin Aid Generally Not Eligible for Fin Aid

 

NOTE:  Withdrawing from classes and retaking classes that you have already passed (made a C or higher) can affect your financial aid.