In the 2016-2017 academic year, more than 8,000 students received some form of need-based aid, according to the Office of Institutional Research and Assessment. Approximately 140 merit scholarships are awarded annually to incoming first-years, according to the Office of Scholarships and Student Aid.
Approximately 2,400 students rely on Carolina Covenant, a pledge that eligible students will be able to graduate debt-free from UNC-Chapel Hill. Scholars receive grants, scholarships and work study positions to meet 100 percent of their financial need, according to Brian Hogan, program director.
“Since I’m a Covenant scholar, I don’t have as much of a financial burden as other students that come here,” said Brandon Ivey, a junior economics and public policy major. “I use my rebate checks to fund the rest of my extracurricular activities.”
UNC is one of 16 other universities with a similar program. Hogan said that Covenant scholars receive the Covenant upon enrollment at UNC. Students must be pursuing their first undergraduate degree to be eligible.