Financial Aid Step by Step
Financial Aid Steps
There are a number of steps current PTC students will need to take to qualify for financial aid benefits. Some forms will need to be completed and there are deadlines you will want to keep track of. We have listed a number of these key steps below and provided you with links to find the information you will need. Remember, we are here to help you. Just contact us at 1-800-784-9675.
Department of Education FSA ID
A FSA ID number is needed to do a renewal FAFSA and Parent PLUS Loan application. If you do not know your FSA ID, you can retrieve it at studentaid.ed.gov/sa/fafsa/filling-out/fsaid by resetting your FSA ID.
For assistance with problems or difficulties while using the FSA ID Web site, or for specific questions about the FSA ID, contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).
You need to get a new FAFSA each year. Apply by going to www.fafsa.ed.gov
The PTC priority deadline is March 31st and the Non Federal final grant deadline is May 1st. For help with your FAFSA, contact Federal Student Aid Information Center at 1-800-433-3243.
PA State Grant.
Once you have completed your FAFSA if you are a Pennsylvania resident you will want to make sure you qualify for state financial aid. To complete your PA summer state grant application or to complete a status notice, go to www.aessuccess.org.
The Deadline to apply for the summer state grant is July 1st.
In completing your Pennsylvania financial aid form there are two numbers to call for assistance. If you have trouble signing into Account Access, please call 1-800-233-0557 or for other questions about your state grant call 1-800-692-7392.
PLUS Loan Credit Application
If you have received your award letter from PTC and have been advised to apply for another Parent PLUS Loan, go to www.studentloans.gov to apply.
- Use the Parent FSA ID to sign in.
- Request Direct PLUS Loan and then select Parent PLUS Loan.
- Complete the Parent PLUS Loan Master Promissory note (if you had a prior PLUS Loan, you do not need to complete another promissory note.
Refer to Direct Loan instructions (under forms) for additional information. Any questions on Parent PLUS Loans, please call 1-800-557-7394. Open 8am – 8pm Mon-Fri.
An alternative loan is a private loan in your name based on a credit history report. You may not have a credit history established, many students don’t, so you may need a cosigner. A cosigner can be anyone, family or friend, that has good credit established, and is willing to cosign on a loan for you. There are a number of lenders that offer these loans.
If you need to apply for an alternative loan, refer to Alternative Loan Comparison Chart. In addition, the links below represent a sample of lenders who have previously provided funding through PTC. This is not exclusive and you are free to select any lender of your choosing.
Here are links to two lenders of alternative loans:
Nelnet Business Solution (NBS)
If you have been notified to renew your NBS contract, please do so at www.nbspayments.com.
Entrance or Exit Interview.
If you are required to do an entrance or exit interview for your Direct Loans, go to www.mappingyourfuture.org/oslc