Student Handbook 2017-2018 | Page 22

FINANCIAL AID The Financial Aid Office provides information about financial aid opportunities and eligibility. Although the major responsibility for financing a college education resides with the student and their family, NWTC is able to assist students in meeting their educational expenses. Assistance may be in the form of grants, scholarships, loans, employment, or a combination of these. • • • Grants and scholarships are financial aid that does not have to be repaid. Work- study enables students to work and earn money to help pay for school. Loans are borrowed money that must be repaid with interest. Many of the financial aid programs are based upon financial need. Financial need is the difference between the students established educational expenses and resources the student and/or family have available to meet those costs. Students must complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov each year in order to apply for financial aid. For more information contact the Financial Aid office at (920) 498-5444 or (888) 385-NWTC, refer to the College catalog, or stop in the Welcome Center, Room SC240 on the Green Bay campus. Students seeking financial aid should visit the Financial Aid page on NWTC’s website at www.nwtc.edu. Scholarships Scholarships are similar to grants in that there is no obligation to repay them, however scholarships are awarded through a competitive process. Scholarship information is available through NWTC’s Educational Foundation Office, Room DO207, or by calling (920) 498-6914 or (800) 422-NWTC, extension 6914. This information is also available on the NWTC Web site, www.nwtc.edu/scholarships. Fall Scholarship Application: Open March 1 – April 15 Spring Scholarship Application: October 1 – November 1 Federal Education Tax Benefits Some costs of attending college may result in federal tax advantages. Students and parents should consult with tax advisors for specific information regarding eligibility. NWTC cannot provide tax advice to students. On an annual basis, NWTC will provide 1098-T statements to those students determined to have eligible charges for tax purposes. Students are encouraged to retain receipts for tuition payments made during the calendar year for tax filing purposes. Please note that student financial information cannot be released to anyone other than students over the age of 18 without written authorization from the student. The Student Finance Office can be contacted at (920) 498-5444 or (888) 385-6982, with questions regarding this information. GRADING SYSTEM Each student attending NWTC receives a grade from the instructor at the end of a term or class session. A letter grade based on a 4.0 grading scale is used, each grade carries a specified point value per credit unit and grades A through C equate to satisfactory progress. The point values for grades are: Grade A B C D F Point Value 4.00 3.00 2.00 1.00 0 The District recognizes that skills and knowledge may be achieved in ways other than formal classroom or laboratory training where classes with grade points are not involved. Such classes carry letter symbols with no grade point average (GPA) associated with them and the College uses the following symbols: S U I Satisfactory Unsatisfactory Incomplete 21