A peer counselor at the Office of Scholarships and Student Aid gives financial advice to an incoming transfer student. 

UNC has one of the lowest default rates for student loans in the nation

 Among graduating UNC seniors in 2015, around 40 percent carried student debt, and the average amount among borrowers was about $22,000. That compares to more than 70 percent of students borrowing nationally, with average debt above $30,000.


Financial aid

UNC offers need-based financial aid to help off-set the costs of attendance. Eligibility for financial aid is based on information provided by students on FAFSA, the Free Application for Federal Student Aid, and the CSS/PROFILE. Parents’ income and assets factor into how much a student will receive. Students must request financial aid yearly and fill out new forms each time.

UNC tries to meet the full extent of a student’s financial need. Nearly half of the students receive aid, and 1 in 3 students borrow to afford school. Average student debt is lower at UNC than at similar schools.

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Source: UNC Office of Undergraduate Admissions

Out-of-state students may face difficulty in affording UNC

Of the 30,000 out-of-state residents who applied to UNC this year, only a handful will be granted admission, and even fewer will be offered a financial aid package. This roadblock has prevented thousands of potential out-of-state students from accepting their offer of admission, and the Office of Scholarships and Student Aid has its hands tied by North Carolina policies.  Full tuition cost in addition to room and board can cost upwards of $50,000 for out of state students attending UNC.