The objective of the Student Financial Aid Program at New Professions Technical Institute, Inc. is to provide direct financial assistance to qualified students who otherwise would be unable to attend the Institution due to insufficient funds to meet tuition, fees, books, supplies, and other allowable educational expenses. The availability of Financial Aid funds is determined by the availability of such funds from the federal, state, institutional and private sources. The amount of financial aid that could be granted to a student is based upon the financial need of the applicant as determined by the federal system of needs analysis. Financial need is understood in the Federal Financial Aid Program and the difference between the cost of attending an educational institution and the amount the student and parent can be expected to contribute to cover such educational expenses. To determine the financial need of a student, NPTI uses the Federal Application for Federal Financial Aid (FAFSA) and the information provided by the applicant and student’s parents.
New Professions Technical Institute, Inc. is authorized by the U.S. Department of Education to assist its qualified students in obtaining financial aid funds from Institutional and Federal Financial Aid Programs.
To qualify for financial assistance from any Federal or State, Student Financial Assistance Program (SFA), the student must:
To apply for any SFA Program, the prospective students who seek for financial aid must:
Within five to ten (5-10) days after submitting the FAFSA application form, the applicant should receive a “Student Aid Report” (SAR)” by mail. If verification is required, the applicant is responsible for providing proof of any and all information that may be required.
Professional Judgment may be available to assist students that have extenuating circumstances which warrant reevaluation of their eligibility for financial aid. The professional judgment process will be conducted on an individual basis and must be accompanied by the required documentation and approved by the Director of Financial Aid.
Students must be aware that Financial Aid is not automatically renewed each year. It is the sole responsibility of the student to reapply for SFA for the next award year. New Professions Technical Institute, Inc. reserves the right to request any additional information from the parent(s), legal guardian(s), spouse, and student information to assess the current COE and EFC of the student which may change due to possible changes in the student’s financial situation.
From time to time, the United States Department of Education will select a financial aid applicant for verification. What does this mean? Only that the Department wants to verify that the school is collecting correct information and that the applicant is giving correct information. This is a routine process and does not mean that you have been selected for any other reason. Do not be afraid of this process. It is not an audit or investigation, but simply a routine check on data.
March 14, 1986, the Department of Education published the Student Assistance General Provisions and the Pell Grant Program Verification of Applicant Information as final regulations in the FEDERAL REGISTER. These regulations are in effect for all Title IV Federal Financial Aid Programs for the award year.
New Professions Technical Institute, Inc. (NPTI) is providing you with the information you will need to understand and comply with the Verification Process. If you should have any additional questions beyond what is listed below, please ask your Financial Aid Counselor to explain the process and its requirements.
FAQ’s REGARDING VERIFICATION(THIS SHOULD BE IN A DROP DOWN LIST OR SOMETHING DYNAMIC)
Verification is the process the Department of Education uses to check the accuracy and validity of the information that a student provides when applying for Federal Financial Aid.
Verification covers the following Title IV Federal Aid Programs: 1. Federal Pell Grants 2. Federal Supplemental Educational Opportunity Grants (FSEOG) 3. Federal Work-Study (FWS) 4 - Federal Perkins Loan Program 5 - Federal Family Educational Loan Programs Stafford/Plus/Direct
The selection of an application for verification review does not indicate that NPTI believes that the information you have provided is incorrect. The selection process is completed by the Processing Center for the Department of Education. Your application is subjected to a multiple audit screening process, and listed below are some of the common scenarios: 1 - Random Sample based on the review of information. 2 - Data checked for consistency and logic based on the common edits for each Item on the FAFSA 3 - Verification from the Social Security Administration 4 - Verification from the Selective Service Administration 5 - Verification from the Immigration and Naturalization Service 6 - Verification from the Veterans Affairs Administration 7- Prior FAFSA submissions to the Department of Education The verification process is required by Federal Regulations. New Professions Technical Institute, Inc. must adhere to these regulations and procedures to offer and disburse Federal Title IV Financial Assistance to our students. ***Until verification is completed on any student the Federal Financial Aid funds may not be disbursed. Any student that fails to complete Verification will lose their Aid award***
If the Department of Education selects your file for the completion of verification, you must complete the following forms and provide (NPTI) with the following information:
You will need to have your parent(s) submit the above information to qualify for Financial Assistance to attend your program.
Students that are selected to have their information verified are required to submit the requested information within 30 days from the date that the student is notified. If the information is delayed in being submitted to the Financial Aid office the AWARD that was given may not be available to the student, NPTI recognizes that it may be necessary to contact outside sources to collect the necessary documents and asks that the student keep the Financial Aid Office aware of any expected delays.
If you, the student fail to submit the required documentation for your file when requested, your financial aid award will be removed, and you will not be eligible to receive assistance from the Federal Title IV Aid Programs.
If the information you provide for verification is not the same as the information that you originally reported to the Financial Aid Officer and on the application for Federal Aid, a correction will be required. This correction application will produce a "NEW" award that may be higher or lower than the original award. Any reduction in your aid will be your responsibility to pay.
The Student’s Financial Aid is solely the responsibility of the student. If the Institution does not receive the Financial Aid funds while the student is in the school, the student is responsible for paying all tuition and fees related to attending New Professions Technical Institute, Inc.
New Professions Technical Institute has up to forty-five (45) days to collect any scheduled payment (s) from Title IV for students that have dropped or graduated.