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Financial Aid Information


First, complete the Free Application For Federal Student Aid (FAFSA) online. Click this link for 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

Rudi Raab, Financial Aid Specialist
Phone/Fax:  (231) 348-6627

Financial Aid

North Central Michigan College is dedicated to providing qualified students with access to financial aid programs to assist them in completing their educational goals.


Financial Aid Application Process

Students must apply each academic year for financial aid assistance by completing the Free Application for Federal Student Aid (FAFSA) at The FAFSA is available beginning after October 1 for the next academic year. Students are encouraged to apply as early as possible. When funds are limited, awards may be granted to applicants who meet all requirements and have their financial aid file completed 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 homeschooling
  • 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

Every 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. Financial Aid will cover only the courses in a student's declared program of study. The financial 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 within two weeks following the add/drop final date at the beginning of the semester.  Student loans to first time borrowers are applied to students’ accounts approximately 30 days after the start date of the semester per U.S. Department of Education regulations. Refunds for aid that exceed tuition, fees, books and campus housing and meal plan, if applicable, are issued to the students' selected refund preference with BankMobile. For more information about BankMobile, visit this link:


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 financial aid for attending a study abroad program that is approved for credit by North Central Michigan College. The college does not currently offer any study abroad programs. Contact the Financial Aid Office.


Return of Title IV Funds Policy (Withdrawals for Students with Financial Aid)

If a student totally withdraws from school "officially" or "unofficially", before the term is completed and is the recipient of Title IV funding, the Financial Aid Office is required to calculate both the earned and unearned aid for the semester.  Title IV funding includes financial aid in the form of Pell Grants, Direct Subsidized and Unsubsidized Loans, Parent PLUS Loans and Federal Supplemental Educational Opportunity Grants (FSEOG).  If the student received more assistance than they "earned" by only attending a portion of the semester, the excess funds must be returned by North Central and/or the student to the U.S. Department of Education.

The federal return calculation requires a return of Title IV financial aid be completed if the student received any Title IV financial aid and the student withdrew before completing 60% of the semester.  To calculate the amount of aid the student has earned up to the date of withdrawal for official withdrawals or the last date of attendance for unofficial withdrawals, divide the number of calendar days the student attended classes by the number of calendar days in the semester/term (scheduled breaks of 5 days or longer are excluded).  The resulting percentage is then multiplied by the total Title IV funds that were awarded and disbursed or that could have been disbursed to the student.  This is the earned amount of Title IV aid that the student can keep.  The unearned amount must be returned to the U.S. Department of Education by the college and/or the student.

Unearned Title IV aid must be returned in the following order:      

  • Unsubsidized Direct Loans
  • Subsidized Direct Loans
  • Parent PLUS Loans
  • Pell Grants
  • FSEOG Grants
  • Other Title IV Aid

As required by the U.S. Department of Education regulation, all required Return of Title IV calculations are processed within 30 days of the date stamped on the student's record for students who officially withdrew using the drop function in the Student's Portal or the date of the student's notification, whichever is later.  For students who unofficially withdraw, Return of Title IV calculations are also processed no later than 30 days after the end of the period of enrollment for students who unofficially withdrew by using the date given by the instructor as the last date of attendance.  The college is required to return the unearned portion of the student's Title IV aid to the U.S. Department of Education within 45 days of the date the college determined was the official drop date on the student's record or date of student's notification to withdraw for official withdrawals and for unofficial withdrawals using the date instructor listed as last date of attendance.

If a student did not initially receive all of the funds they earned, the student may be due a post-withdrawal disbursement.  If a student's post-withdrawal disbursement includes Pell and FSEOG Grants, the funds will be transferred into the student's college account to pay outstanding charges.  If the post-withdrawal disbursement includes loan funds, the college has 30 days from the withdrawal date to obtain the student's written permission and/or parent's written permission in the case of a Parent PLUS Loan prior to transferring into the student's college account.  The student may choose to decline the loan funds so as not to incur additional debt.

Once the determination of earned and unearned aid has been made, withdrawn students will be notified via U.S. Postal Mail or student email of their eligibility for funds and the amount to be returned.


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. 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.