FAQ
Financial Support
Our Financial Aid office is available to guide you and help you in your process. Here we share the answers to frequently asked questions about the process of availability and application for financial aid:
NUC offers the following financial aid programs:
Free Aid
Federal Pell Grant
Federal Grant program intended to subsidize a student’s educational expense until obtains a bachelor’s degree or uses the maximum eligibility of 600%, whichever comes first. Additional information: see FA Student Guide: Financial Support- NUC University Online Division or Financial Support – FTC Florida Technical College (ftccollege.edu)
The amount varies annually. Effective July 1, 2023, the maximum amount per award year is $7,395. NOTE: students could receive up to an additional 50% Pell Grant for the same award year.
FSEOG
Federal supplemental grant for students who have not yet completed a bachelor’s degree and have extreme financial need.
The amount varies annually. The average is $450 per award year.
BETA (Grant for Academically Talented Students)
Puerto Rico State supplemental grant is aimed at undergraduate students enrolled full-time, with a general academic average of 3.00 or more, and who meet the family income established annually by the CEPR.
The amount varies annually. The average is $800 per award year.
Florida State Grants
NUC administers several state funds from Florida, as received each fiscal year. Funds are offered to qualifying students based on program requirements and subject to availability of funds. To find out more, please refer to your local Financial Aid Office or visit Financial Support – FTC Florida Technical College (ftccollege.edu)
The amount varies for each type of grant.
Institutional Grants
Grants offered by NUC University for the purpose of covering study costs not covered by other scholarships. You can find more information at: Financial Support- NUC University Online Division or Financial Support – FTC Florida Technical College (ftccollege.edu)
The amount varies for each type of grant.
Self-Help Program
Federal Work-Study Program
Provides part-time jobs for students at the undergraduate and graduate levels.
No minimum or maximum annual amount.
Loans – Borrowed money that must be repaid with interest
Federal Direct Subsidized Loan
Loans are granted to students where the Federal Department of Education subsidizes the interest as long as the student meets the eligibility requirements.
The maximum annual amount varies by year of study.
Federal Direct Unsubsidized Loan
Loans granted to students in which as soon as the first disbursement is issued, the loan begins to generate interest.
The maximum annual amount varies by year of study.
PLUS Loan
Loans are granted to students at the graduate level and to parents of dependent university students. The borrower is responsible for paying the interest once the first loan disbursement is made.
It is subject to a credit check and the maximum amount would be the cost of studying minus all financial aid the student receives.
The Federal Department of Education requires that all educational institutions that receive federal Title IV funds use the federal formula to determine the financial aid to be offered to their students. Financial need is defined as the difference between the estimated expenses of studies (cost of education) and the determination made by the Federal DE to receive financial aid to cover the student’s educational expenses.
If the cost of education is greater than the family’s income and net worth of assets contribution, the student may be eligible by financial need for all financial aid programs subject to need. On the contrary, if the cost of education is less than family’s income and net worth of assets, the student is not eligible by financial need for need-based financial aid programs.
Example: a student enrolled full-time whose eligibility determination results in the highest financial need, they would be eligible to receive $7,395 in the 2023-2024 award year.
After receiving your offer indicating the aid for which you are eligible, you can review the tuition costs at the following addresses:
Policies & Consumer Information – NUC University Online Division
Policies & Consumer Information – FTC Florida Technical College (ftccollege.edu)
We encourage you to contact the Student Accounts Office at the beginning of each term to obtain specific details of term costs and any remaining balance, if applicable.
The Pell Grant limit amount a student can receive is equal to six academic years or 600%. Once you reach the maximum usage time, you will not be eligible to receive this aid again. You can verify your grant percentage consumed at the following address: www.studentaid.gov. You may also contact your Financial Aid Office to obtain this information.
The FAFSA application must be completed before the beginning of the award year and/or as soon as you have your and your contributors (parents and/or spouse) income information. NUC must have the application results by the last day of the academic calendar, before your last day of attendance, in mid-September each year; whichever happens first.
Before accepting loans, please know that loan amounts received must be paid in full with interest, even if you did not complete the program, are unable to obtain employment after completing the program, are dissatisfied or did not receive the educational or other services that you paid for with your federal student loans.
To obtain a federal direct loan you must be enrolled at least half time (six credits if you are an undergraduate student, or three credits if you are a graduate student) and complete the FAFSA application at www.studentaid.gov. Next, you must complete the Entrance Counseling and Income Assessment and Master Promissory Note (MPN) on the same website. NUC will receive the response to your FAFSA application, in addition to the MPNand Income Counseling notification. You will receive a financial aid offer that will indicate the maximum loan amount you are eligible for.
The Federal Department of Education has a process to verify applications and make corrections. The FAFSA Partner Portal (FPP) selects applications that will proceed to the verification process. You must deliver or send the documents requested by the Financial Aid Office on time. The verification process is considered completed once the student submits all the required information to the Financial Aid Office and it certifies that there is no conflicting information and/or data. Once the process is completed, the student will be able to receive the Financial Aid Offer and disbursements for which he or she is eligible.
If you live with both parents, you must present the state (Puerto Rico) or federal return for both.
Any immediate family member who receives more than 50% of the parents of a dependent student or an independent student and his or her spouse could be counted in the household, even if that person does not reside in the household. For example, a student who works and does not reside in her parents’ home but receives more than 50% in financial support from them must count their parents and those who reside in the home under the family unit.
An emancipated student is considered an independent student if he or she can provide a determination issued by the court in his or her state of residence that he or she was or is an emancipated minor. Emancipation is determined by the court, not a lawyer.
For Financial Aid purposes, a student is considered a veteran if he or she served on active duty under the U.S. Armed Forces (Army, Navy, Air Force, Marines, Coast Guard, National Guard, Reserve) and was relieved for reasons other than “dishonorable.” There is no minimum length of service required, but you must have been classified as active duty.
Includes a student who has no principal federal loan balance as of July 1, 2013, or the date the student obtains a federal loan after July 1, 2013. A student who previously obtained federal loans but repaid the debt in full on July 1, 2013, is considered a first time borrower.
Our Financial Aid staff is in the best position to assist you, clarifying any questions or doubts you may have. We offer guidance through:
- Phone support – you can contact your campus to request an appointment with a Financial Aid Officer or you can send an email to stufinancialsupport@nuc.edu
- In-person assistance – you can go to the Financial Aid Office of your campus.
- Virtual assistance (does not apply for NUC-Florida Technical College) – you can request an appointment for virtual assistance. We include the links to the appointment booking system, Calendly:
https://calendly.com/nuc-university-arecibo
https://calendly.com/nuc-university-bayamon
https://calendly.com/nuc-university-online-division
https://calendly.com/nuc-university-caguas
https://calendly.com/nuc-university-mayaguez
https://calendly.com/nuc-university-miami
https://calendly.com/nuc-university-ponce
https://calendly.com/nuc-university-rio-grande
https://calendly.com/nuc-university-arecibo/
https://calendly.com/nuc-university-division-tecnica-ibc-aguadilla
https://calendly.com/nuc-university-division-tecnica-ibc-bayamon
https://calendly.com/nuc-university-division-tecnica-ibc-caguas-1
https://calendly.com/nuc-university-division-tecnica-ibc-escorial
https://calendly.com/nuc-university-division-tecnica-ibc-fajardo
https://calendly.com/nuc-university-division-tecnica-ibc-guayama
https://calendly.com/nuc-university-division-tecnica-ibc-los-colobos
https://calendly.com/nuc-university-division-tecnica-ibc-mayaguez
https://calendly.com/nuc-university-division-tecnica-ibc-manati
https://calendly.com/nuc-university-division-tecnica-ibc-moca
https://calendly.com/nuc-university-division-tecnica-ibc-ponce
https://calendly.com/nuc-university-division-tecnica-ibc-yauco
https://calendly.com/columbia-central-university-bayamon
https://calendly.com/columbia-central-university-caguas
https://calendly.com/columbia-central-university-carolina
https://calendly.com/nuc-university-division-tecnica-ibc-yauco
