FINANCIAL AID (C2406)

www.northeaststate.edu/financialaid 

financialaid@northeaststate.edu 

423-323-0252        Fax 423-323-0232  

Is it too late to apply for financial aid for this semester? We can accept applications for the FAFSA until June 30 of the current academic year (this is the date the FAFSA “expires” for the academic year). The College will no longer be participating in the Federal Direct Loan Program for the academic year 2013-14; there are other loans and financial resources available to assist you with funding your college cost. 

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Applying for Financial Aid 

What is Northeast State’s Federal School Code? – 005378

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid 

Why is my financial aid not for the amount I was told I would get? – It has probably been adjusted for the number of hours you are enrolled in or for attendance. Check with the Financial Aid Office for specifics.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Financial Aid Policies, then Payment of Awards  

What are the requirements to get financial aid? – Generally, you have to complete the correct FAFSA for the year enrolled; be in good academic standing, be enrolled in classes toward your degree, and be in good standing with the Financial Aid Office for academic progress.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Eligibility, then on Determining Eligibility  

Is there a lifetime limit for the amount of Financial Aid I can receive? – Yes, there is. Beginning in 2012, the U.S. Department of Education has limited the maximum semesters of awards for the Federal Pell Grant to 12 semesters (full-time or the equivalent). This is retroactive so any semester in which you have received financial aid will count. State funds are limited to 4 semesters of receipt at a community college and 8 semesters maximum at a university. Students with earned bachelor’s degrees or higher are no longer eligible for the Federal Pell Grant.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Financial Aid Policies, then Financial Aid Award Policies 

I just dropped my class(es)/withdrew. How much I am going to owe back? – Financial Aid will have to review this individually. A Return to Title IV Calculation will be completed if you have withdrawn from all classes. This calculation will be completed as soon as possible and you will be notified by the Business Office of any funds you owe to the school. Students on programs (Hope, Aspire, General Merit Assembly) funded by the Tennessee Education Lottery Scholarship (TELS) must have Financial Aid approval before dropping/withdrawing.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Financial Aid Policies, then Return of Title IV Funds 
or
Eligibility, then Effects of Changing Enrollment  

Why did Financial Aid adjust/reverse my financial aid amount if I did not drop classes? – Most likely it is because a class has not reported attendance for the student, and Financial Aid is based on classes the student is attending for the term. If reversed, it could be that you are on Suspension for Financial Aid and need to appeal. Check with the Financial Aid Office for specifics.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Financial Aid Policies, then Financial Aid Award Policies 
or
Financial Aid Policies, then Payment of Awards
or
Financial Aid Policies, then Student Rights and Responsibilities 
or
Forms, then Satisfactory Academic Progress (SAP) Appeal 

What is FAFSA Verification and why was I selected? – Verification is a review process in which the Financial Aid Office determines the accuracy of information reported by the student/spouse and/or parents on the student's Free Application for Federal Student Aid (FAFSA). Students are selected at random for verification by the Federal Student Aid Program’s Central Processing System or by the Financial Aid Office when conflicting information has been reported on the application for aid. Institutions must verify the information provided by the student/spouse and/or parents before an award can be offered to the student. Students who are eligible for Tennessee Educational Lottery Scholarships may be selected for verification even if they qualify for no other aid. Verification must be completed before an award can be offered to the student. Students should contact the Financial Aid Office if they have questions concerning verification or if they are unsure if they have been selected for verification.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Applying for Financial Aid, then on item # 8
Verification 

How do I submit documentation for FAFSA Verification? – Beginning with the 2012-13 Academic Year, financial aid offices will no longer be able to accept signed copies of federal tax returns from students and parents for FAFSA Verification purposes. All applicants will have two options to provide tax return documentation:

Option 1 (preferred). Use the IRS Data Retrieval Process when completing the FAFSA online. 

  • Beginning February 5, students and parents will have the option to automatically link to the IRS to transfer their tax information to the FAFSA.
  • The Federal Tax Return must be filed at least two weeks (if filing electronically) prior to using the FAFSA IRS Data Retrieval Tool to allow the IRS time to process the return. Paper tax return filing will require a longer wait time.
  • Additional documentation may still be required to verify data not provided by the FAFSA IRS Data Retrieval Tool on the institutional verification form for such items as household size, number in college, and untaxed income.
  • Certain tax filers may not be able to use the IRS Data Retrieval and will need to request an IRS Tax Transcript (see Option #2 below).

Tax filers not eligible to use the IRS Data Retrieval Tool.  

  • Filing status - Married Filing Separately
  • Filing status - Head of Household
  • Filed Amended Tax Return
  • Filed Foreign Tax Return
  • Recently filed taxes (less than two weeks)

Students and parents that did not use the IRS Data Retrieval Tool when initially completing the FAFSA may log back into the FAFSA and use the Retrieval Tool to electronically add the tax information.

Option 2. Obtain a Federal Tax Return Transcript from the IRS and submit the document to the Northeast State Community College Financial Aid Office if requested.

  • An official tax transcript will be required for tax filers not able to use the IRS Data Retrieval Tool.
  • Additional documentation may also be required to verify data not provided such as: copies of W-2 forms, 1099 forms, and an institutional verification form for such items as household size, number in college, and untaxed income.

Options to request a transcript:

Online Request:  

  • Available on the IRS website at www.irs.gov.
  • In the Tools section of the homepage click Order a Return or Account Transcript. 
  • Click Order a Transcript in step 3 and enter information requested.
  • In the Type of Transcript field, select Return Transcript and in the Tax Year field, select 2012.
  • The IRS Tax Return Transcripts requested online cannot be sent directly to an institution.
  • Once the student and/or parent receives the Tax Return Transcript, write the student's ID at the top of the form before mailing or faxing it to the Financial Aid Office.

Telephone Request:  

  • Available from the IRS by calling 1-800-908-9946
  • Tax filers must follow the prompts.
  • Select Option 2 to request an IRS Tax Return Transcript and then enter 2012.
  • The IRS Tax Return Transcripts requested by telephone cannot be sent directly to an institution.
  • Once the student and/or parent receives the Tax Return Transcript, write the student's ID at the top of the form before turning it into the Financial Aid Office.

Paper Request form - IRS Form 4606T-EZ  

Download form 4506T-EZ from the IRS website at www.irs.gov.

  • Complete the form according to the instructions.
  • Although Line 5 provides tax filers with the option to have their IRS Tax Return Transcript mailed directly to a third party by the IRS, it is not the recommended method as the institution may have difficulty matching a parent's incoming IRS Tax Return Transcript to the aid applicant, as the two names may be different.

It is recommended that the parent and/or student have the IRS Tax Return Transcript mailed directly to them and then mail or fax (423.323.0232) the transcript to the Financial Aid Office after writing the student's ID at the top of the parent and student's transcript.

Non-Tax Filers will be required to turn in additional information to document all sources of income. 

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Forms, then IRS Tax Transcript Request 

Financial Aid News – The Financial Aid webpage includes a news page with “Headlines and Deadlines”.

Contact: Financial Aid Office     423-323-0252
financialaid@northeaststate.edu
Web Information: www.northeaststate.edu/financialaid
Click on: Financial Aid Deadlines