MyNicolet  |  Blackboard  |  Directory  |  Email  |  LibraryContact

Frequently Asked Questions

Click the headings below for answers to common questions about financial aid.


 


Can I receive help with my FAFSA?

Yes. Please contact or stop by the Financial Aid Office to set up a time that you would like a Financial Aid staff member to help with your FAFSA.

What should I have ready when filling out my FAFSA?

- 2015 student federal tax return (and parent if under age 24)

- 2015 student and spouse W-2s (and parent if under age 24)

- Documentation of student and spouse child support received/paid, unemployment, or other forms of income (and parent if under age 24)

- Documentation of student balances for cash, checking, savings, and investment accounts (and parent if  under age 24)

- SSN/DOB of student/spouse (and parent if under age 24)

- Student FSA ID if already established (and parent FSA ID if under age 24)

What happens if I am selected for verification?

Verification is the process used to check the accuracy of the information submitted by students on their FAFSA. The federal processor randomly selects student applications for verification. Under certain circumstance Nicolet may also select you for verification. You’ll receive a letter from Nicolet requesting additional financial documentation. Financial aid processing can only continue once you have completed all paperwork and submitted all the required documentation. To avoid long delays, please respond by the requested date.

A dependent or independent student verification worksheet must be filled out for all students selected for verification. To avoid having to get an IRS transcript or having to go back into your FAFSA and do the IRS data retrieval tool, use the IRS data retrieval tool when you originally file your FAFSA.

What happens once I qualify for aid?

If you qualify for financial aid, then a financial aid award will be offered. When the award is made available, a notification will be sent to your home address. Please keep your address and e-mail current with Nicolet. The notification contains instructions on how to access your MyNicolet portal; how to view, accept, reduce or decline the financial aid awards, and how to complete entrance counseling and a master promissory note for the federal direct loans. If you are accepting a direct loan for the first time, you must visit studentloans.gov to complete both entrance counseling and a master promissory note before the loan can be processed. If not completed by the required date, the loan(s) will be rescinded. You can also apply for college Work Study opportunities through your financial aid office.

When will I receive my financial aid refund check?

Disbursement is the process of having financial aid (federal grants, state grants, and student loans) pay for Nicolet College charges. A financial aid refund check is the difference between a student’s grants and loans minus any tuition, books, or other charges on the student’s account. The financial aid grant refund checks will be mailed each semester on Fridays beginning the third week of classes. Student loans will be disbursed in two increments.

First-time borrower:
 - First disbursement will be 30 days after classes start and refund checks issued the Friday after
 - Second disbursement will begin after the mid-point of the semester with checks issued on Fridays


Returning borrower:
 - First disbursement will occur during the third week of classes and refund checks issued the Friday after
 - Second disbursement will begin after the mid-point of the semester  with checks issued on Fridays

Will financial aid pay for my books?

Yes, however you are not able to charge tuition or books until financial aid has been awarded and accepted. You may charge your books at the Nicolet Bookstore against your remaining financial aid award after tuition and other fees have been deducted until the specified deadline date.

What about my tuition bill?

The FAFSA must be completed annually and all paperwork submitted prior to July 1 for the Fall semester and December 1 for the Spring semester to guarantee that your financial aid will be processed by the tuition due date. Please contact the Financial Aid Office regarding Summer Semester financial aid. If you filed your FAFSA after these dates, we cannot guarantee that your award will be processed in time and you may be required to pay your tuition bill at the Nicolet College Business Office, on-line, or arrange for a payment plan.

If your financial aid covers all of your tuition and any book charges, the process for paying off your student account balance is automatic. If your financial aid does not cover the cost of your tuition, you must pay the balance on your account by the tuition due date. Payment plans can be arranged through your MyNicolet account. Contact the Nicolet College Business Office at 715-365-4458 with any questions.

Are there any other information I should know about financial aid?

- Actual awards will be based on a full time credit load.

- State and federal funds are tentative at the time the awards are made.

- Financial aid awards will be amended if your eligibility is based on incorrect information on the financial aid form.

- Financial aid awards will be amended if late start classes are dropped prior to their start and after financial aid has been disbursed.

- Financial aid will be amended if you receive scholarships or any other type of educational assistance which results in an over-award.

- You may not receive financial aid funds from more than one school at a time.

- Contact the Financial Aid Office if attending another college and need a consortium agreement.

- Contact the Financial Aid Office before withdrawing from a course.

What is the new loan counseling about?

New for 2017-2018, Nicolet College was selected as an experimental site for additional loan counseling.  If you are a returning loan borrower, you may be selected to complete additional loan counseling prior to your student loans being disbursed.  We will keep you updated as more information becomes available.

What is Act 284?

2015 Wisconsin Act 284 requires any institution of higher education located in Wisconsin that offers an associate degree or higher (institution) to annually provide a letter to each student that contains detailed information about their student loans, cost of attendance, amount of grant funding received, and information on resources to learn more about student loans.

 

Pursuant to act 284, you will be receiving letters starting in the summer of 2017 stating your loan balances with Nicolet College. Please call the Nicolet College Financial Aid Office with questions (715) 365-4423.