You must be an eligible degree-seeking student to receive financial aid. Financial aid can be split into two main categories: financial aid that requires you to complete a FAFSA and financial aid that does not require a FAFSA. Because some scholarships require a FAFSA for consideration, a FAFSA is highly recommended. Visit www.fafsa.gov to complete the FAFSA.
The U.S. Department of Education is making changes to the FAFSA process starting for the 2017-18 academic year. These changes will help you have your financial aid in place sooner.
In short, if you are planning to attend college from July 1, 2016 to June 30, 2017, please complete the 2016-17 FAFSA as soon as possible. You will use your 2015 income and tax information. If you are planning to attend college from July 1, 2017 to June 30, 2018, the FAFSA will be available starting Oct. 1, 2016. You will use your 2015 income and tax information. (The chart below summarizes this pictorially.)
Changes to the FAFSA Process for 2017-18
|If you plan to attend college from||You will submit this FAFSA||You can submit the FAFSA from||Using income and tax information from|
|July 1, 2015-June 30, 2016||2015-16||Jan. 1, 2015-June 30, 2016||2014|
|July 1, 2016-June 30, 2017||2016-17||Jan. 1, 2016-June 30, 2017||2015|
|July 1, 2017-June 30, 2018||2017-18||Oct. 1, 2016-June 30, 2018||2015|
|July 1, 2018-June 30, 2019||2018-19||Oct. 1, 2017-June 30, 2019||2016|
TTC awards your financial aid based on the assumption that you will enroll as a full-time student taking at least 12 credit hours in the semester. If you take fewer than 12 hours in the semester, TTC is required to reduce your aid accordingly. Your credit hours for the semester are divided between two 7-week terms. The number of credit hours you take in each term will affect when your aid is issued and how much of your financial aid can be applied to your student account each term.
Financial Aid Awards
Two primary financial aid disbursements are made each semester for students who have completed the financial aid process, including verification. Once class attendance is verified each term, financial aid is disbursed to the student's TTC student account. The amount of financial aid disbursed is pro-rated per term, based on credit hours and other factors. If the student's financial aid disbursement is greater than the total tuition, fees, and bookstore charges for the term, the student may qualify for a refund check. Please note: some students may receive no refund if taking fewer than six credit hours in Term 1. However, they may qualify for a refund when enrolled in and attending six or more credit hours. For refund examples, click here.
If their financial aid exceeds their charges for tuition and fees, students may be eligible for a bookstore credit up to $1,000 prior to the start of the term. The bookstore credit will allow students to purchase books and supplies prior to the beginning of the term at the TTC Bookstore. The bookstore credit is calculated by subtracting tuition and fees from the amount of authorized aid up to a maximum bookstore credit of $1,000. Bookstore charge period dates for each semester are available in the student's my.tridenttech.edu portal calendar.
Student Account Refunds
Once a student's financial aid is disbursed to their TTC student account, if the amount of the student's financial aid exceeds tuition, fees, bookstore charges, and other institutional charges on the student account, the student is entitled to a refund check. Students will need to plan ahead for other expenses such as rent, transportation and child care until the refund check disbursement dates. Refunds are made in approximately the third week of the term. For refund examples, click here.