This document provides information about your financial aid eligibility and details your awards and their amounts.
Your instructors certify (verify) your course attendance on a certain date each semester. Certification affects your financial aid eligibility.
Expenses paid to your college, such as tuition.
A disbursement is a payment of money.
A Distance Learning class is a class primarily taken online.
eRefunds is a service that
North Lake College partners with to process and distribute refunds and disbursements to students. This includes financial aid disbursements, refunds, grants and any other payments you may be owed.
A Flex Term class does not follow the regular semester schedule. Usually Flex Term classes are shorter, more concentrated classes. They often last only a month.
This standard form collects demographic and financial information about you and your family. This information is used to calculate the Expected Family Contribution (EFC). You can fill out the FAFSA online at
fafsa.ed.gov. You must complete this application for all financial aid programs at
North Lake College.
Gift aid that is typically based on financial need.
A contract with your college or another organization in which you agree to pay a percentage of your future earnings for a fixed period after graduation. In exchange for an ISA, you receive funds to pay for your education while you are enrolled.
Estimated expenses in the Cost of Attendance that are not paid directly to the college, such as commuting costs.
A federal grant to qualifying students with a parent or guardian who died as a result of U.S. military service in Iraq or Afghanistan after Sept. 11, 2001. If you are eligible for a Federal Pell Grant, you cannot receive an IASG.
Your Cost of Attendance minus your Expected Family Contribution or Family Financial Responsibility (if applicable).
Amount of direct and indirect costs remaining after all gift aid is applied. Net price can be covered through a variety of sources, including: savings, income and education loans.
A payment period is a school-defined length of time for which financial aid funds are paid to students. A payment period is equal to a term or semester (Fall, Spring or Summer).
Level of the degree-granting program in which a student is enrolled. Program levels may include: undergraduate (students seeking an associate degree, an undergraduate certificate or a bachelor's degree); post-baccalaureate (such as teacher certification); or graduate (students working on a master's degree, graduate certificate, doctorate or professional degree). The amounts and types of financial aid for which you are eligible is determined, in part, by your program level.
To keep getting financial aid every semester, you must move forward in your program of study. You must meet all three criteria:
After you fill out the FAFSA, this report will be sent to you. The SAR contains the information you submitted in the FAFSA and other information about your financial aid eligibility.
A process to confirm the accuracy of data provided by selected applicants on the Free Application for Federal Student Aid (FAFSA). Verification is required by federal law. To complete the Verification process, you, your parent(s) or spouse, if applicable, must provide certain documents to the school for review. If the documentation you provide doesn't match what was reported on the FAFSA, Verification can result in changes to your financial aid eligibility and/or financial aid offers.