Additional Budget Information
- Students enrolled less than full-time as of the census date of each term will have their budgets reduced accordingly.
- All costs are subject to actual fee structures as approved by the Board of Regents and will be revised accordingly for each academic year.
- Budgets are based on 17 credit hours per semester and cover a nine-month period.
- Day care costs are not included but could be if the student provides documentation.
- Commuter costs will be used for students living with parent(s), relatives, or their legal guardians.
- For those students living off-campus, room and board figures include utilities .
- All budgets are single student budgets. Students with dependents will be given an allowance for family size as a part of the need analysis on their FAFSA.
- Figures represent the best estimates of expenses a full-time student in a given budget category might be expected to incur.
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Refund Policy
The Higher Education Amendments of 1998 state
that when a student receives Title IV, HEA program
funds to attend an institution and subsequently
withdraws, drops out, or otherwise fails to complete
the period of enrollment for which he or she
was charged, the institution is required to make
a refund of “unearned tuition, fees, room and
board and other charges” assessed the student
by the institution. Federal regulations require that
the Student Services Office and Financial Aid Office
determine the last day of attendance for all students
who do not officially withdraw from the college. If
the last date of attendance is not reported for each
student, the law stipulates the mid-point of the payment
period be used as the drop date, which could
result in a substantial aid repayment penalty for the
student.
The amount of Title IV grant and loan assistance the
student must repay is calculated by determining the
complement of the percentage of assistance the student
earned and applying it to the total amount of
grant and loan assistance that was disbursed to the
student for the period of enrollment as of the day the
student withdrew. A printed example of the application
of the refund policy is available upon request.
Title IV funds returned by the school or student are
credited to outstanding Title IV loan balances for
the student. If excess funds remain after repaying all
outstanding loan amounts, the remaining amount is
credited to grant programs beginning with the Pell
Grant. It is NCTA’s policy that a portion of the funds
that it is required to return to comply with Title IV
requirements may be charged back to the students
for unpaid services payable to NCTA.
For students who withdraw from college before the
end of each session, tuition fees and housing charges
will be refunded based upon the following schedule:
Room and Board refunds are based on a 16-Week
session.
Withdrawal Time, Percentage of Tuition and Fees Refunded
16 Week Sessions (Fall and Spring Semesters)
- 1st Week 100%
- 2nd Week 75%
- 3rd Week 50%
- 4th Week 25%
No refund after the end of the 4th week
8 Week Session
Prorated
Summer Session
1st Week Prorated
No refund af ter the end of the 2nd week