Financial Aid Information

Applying for student aid? 

First complete the Free Application For Federal Student Aid (FAFSA) On-line. Click this link to reach FAFSA on the Web. North Central Michigan's College Code is 002299.

Contact Us:
North Central Michigan College
Financial Aid Department
1515 Howard Street
Petoskey, MI 49770

Scott Boop, Financial Aid Advisor
Phone/Fax: (231) 348-6627 

Christine Breed, Financial Aid Advisor
Phone/Fax: (231) 348-6685


Virginia Panoff, Director of Financial Aid
Phone/Fax: (231) 348-6698


Financial Aid

A college education is one of the most important investments a person can make for his or her professional success. North Central Michigan College is committed to providing qualified students with financial aid programs to assist them in achieving their educational goals.


Application Process

Students must apply for financial aid each academic year by completing the Free Application for Federal Student Aid (FAFSA) at The FAFSA is available after January 1 for the next academic year. Students are advised to apply as early as possible. When funds are limited, awards may be granted to applicants who meet all requirements and have a complete financial aid file by May 1. North Central will review the FAFSA results as received from the U.S. Department of Education to determine eligibility and the amount of students’ awards based on Federal regulations.


Eligibility for Financial Aid

Financial aid awards are determined and disbursed in compliance with established Federal, State, and Institutional regulations and may change without notice. General eligibility requirements for aid include the following:

  • Be a U.S. Citizen or eligible non-citizen
  • Have a high school diploma, GED certificate, or completed home schooling
  • Be accepted for admission as a regular student and be completing a degree or certificate in an eligible program of study
  • Have financial need based upon the College’s Cost of Attendance, the student’s need as determined by the FAFSA, the program requirements set by the U.S. Department of Education or State authority
  • Be making satisfactory progress

Students may access the U.S. Department of Education’s website for further Federal financial aid requirements at In addition, the College’s Financial Aid Office can be contacted for further information on eligibility, award amounts, and all financial aid programs. It is the student’s responsibility to read and become familiar with policies and procedures and respond to all correspondence concerning financial aid. Failure to do so does not excuse a student from the requirements or policies necessary in administering aid programs.


Federal Student Financial Aid Penalties or Drug Law Violations

A conviction for any offense, during a period of enrollment for which a student was receiving Title IV, HEA program funds, under any federal or state law involving the possession or sale of illegal drugs will result in the loss of eligibility for any Title IV financial aid including Pell and FSEOG grants, Federal Direct Loans, and Federal Work-Study.


Enrollment Status

Each semester, eligibility and award amounts are finalized by reviewing enrollment status and other program requirements. Full-time enrollment is 12 credit hours and above; three-quarter time enrollment is 9 to 11 credit hours; half-time enrollment is 6 to 8 credit hours; and less than half-time enrollment is 5 or fewer credit hours. Program eligibility requirements and payments can vary depending on enrollment status. The final aid award is based on enrollment after the schedule adjustment (refund) period is over.


Book Purchase and Award Payments

Eligible students with awarded Federal aid may charge their books in the College Store against their semester aid. Financial aid award payments are applied to students’ accounts each semester of enrollment approximately 30 days after the start date of the semester. Refunds for aid that exceed tuition, fees, books and campus housing and meal plan, if applicable, are issued within 14 days of the award payment to the students’ account. Students can select the way they would like to receive their refund electronically or with paper check.


Attendance at Multiple Institutions

Students may not receive financial aid from two institutions concurrently. Students are responsible for any over-awards and will not be eligible for further aid until any funds are repaid.


Guest Students

Students who are enrolled at North Central Michigan College as guest students are not eligible for federal financial aid or North Central Michigan College Foundation scholarships. A guest student is defined as someone with a home institution other than North Central where the student is pursuing his/her education credentials.


Study Abroad

Students may be eligible for federal assistance for attending a study-abroad program that is approved for credit by North Central Michigan College. Contact the Financial Aid Office.


Complete Withdrawals and Return of Title IV Funds

Federal financial aid recipients who withdraw or walk away from all of their classes before completing 60 percent of a semester are subject to the Federal Return of Title IV Funds policy.

This federal policy determines the amount of federal aid a student earned based on the amount of days the student attended during the semester. If the calculation determines a repayment is due, the student’s federal aid must be reduced and the student is required to repay both the federal Title IV financial aid programs and the College for the amounts returned to the federal programs. Title IV programs include Federal Pell Grants, Federal Supplemental Educational Opportunity Grants and Federal Direct Stafford Loans. The requirements for the Federal Student Aid programs when a student withdraws are separate from the College’s refund policy. Therefore, the student may also owe funds to the College to cover unpaid institutional charges. Students will be ineligible for future financial aid at any college or university if unearned funds are not repaid to the U.S. Department of Education. Contact the Financial Aid office for current Federal Return of Title IV Funds schedules and examples before completely withdrawing from classes.


Financial Aid Office Code of Conduct

Financial aid office employees follow North Central’s Ethical Standard for Faculty, Staff, Administration and the Board of Trustees (Policy 115). In addition, as a member of the National Student Association for Student Financial Aid Administration – NASFAA – financial aid employees follow the NASFAA Statement of Ethical Principles and Code of Conduct for Financial Aid Professionals.