Central Texas College

Steps to Financial Aid


Start Now Don’t Wait

Processing a financial aid file can take several weeks and it is important that students start early in the year. A FAFSA must be completed once a year and as soon as you complete your tax return. If possible this is best done before March 15 because of the priority deadline of June 01. Please see the Steps to Financial Aid below for a better understanding of how the entire process works. There is more to the process than completing the FAFSA.

 

The Steps to Financial Aid provides guidelines to get you started in the CTC financial aid process.

Step 1:
Initiate an Application for Admission to CTC. We cannot process any financial aid for you if you are not admitted to the college. Call or visit the Admissions Office to determine what you will need for enrollment. If you are currently enrolled, you have been admitted.

IMPORTANT: All correspondence between financial aid and students will be via email. It is imperative that you keep your email address current on WebAdvisor.

Step 2:
Before you complete the 2014-2015 FAFSA (Free Application for Federal Student Aid) for Fall 2014, Spring and Summer 2015 classes, have a copy of your completed 2013 income tax return (IRS Form 1040, 1040A, or EZ) and/or your parents' 2013 tax return and 2013 W-2 forms available as these items are needed to complete your online FAFSA. Often, tax information--especially taxes paid--is entered incorrectly and the appropriate corrections must be made later.

NOTE:  If applicable, a better option would be to use the IRS Data Retrieval Tool.  It allows students and parents to access the IRS tax information needed to complete the FAFSA and transfer the data directly into your FAFSA form the IRS website.

CAUTION: Having to make corrections slows down the financial aid process.

Step 3:
Register for a FAFSA PIN (needed to electronically sign FAFSA).

Parents must also register for a FAFSA PIN to electronically sign the FAFSA.

Before completing the online FAFSA, we recommend reading these time-saving suggestions from the FAFSA website.

Then, complete the online FAFSA at http://www.fafsa.gov/, following all instructions given. Most questions and problems can be answered or avoided by reading all of the instructions. The Department of Education (DOE) may be contacted directly at 1-800-433-3243.

NOTE: The school code for Central Texas College is 004003.

For additional information or help, visit http://www.studentaid.ed.gov or call
1-800-433-3243.

Step 4:
Approximately 3 to 4 business days after you have filed the FAFSA electronically, your information will reach our financial aid system. At that time, you will be notified by email on your next step towards completing your file, based on one of two below processes your student file is:

  1. Selected for verification: CTC Financial Aid will request your tax transcript. Additionally, you may be required to provide other forms of income verification. You must also complete and return a CTC Financial Aid Verification Packet (dependent or independent). Once the file has been processed and completed the student will be notified by email to check WebAdvisor for an award letter if eligible.
  2. Not selected for verification: FAFSA is processed and completed. The student will be notified by email to check WebAdvisor for an award letter if eligible.

Note: You may access WebAdvisor to view your status.

Step 5:

Student registers for classes.

Important: 10 Days before the start date of each class, financial aid is released to the business office to pay for classes and allow book store charging. The student is responsible for paying any remaining charges (tuition, fees, books, etc.) if financial aid is not sufficient to cover the expenses.

Balance Checks are processed by the Accounts Receivable department in accordance with federal regulations. Funds can be direct deposited to a student’s bank account once the student enters their banking information on WebAdvisor, otherwise balances will be mailed.


If you have questions, you may contact our office at financial.aid@ctcd.edu