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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To avoid the headache that more than 1,000 students experienced last year, the Office of Scholarships and Student Aid has streamlined its work-study application process.
As state legislators deliberate measures to close a state budget shortfall of $2.4 billion, budgetary adjustments could benefit K-12 education at the expense of the UNC system and community colleges.
A legislative proposal to decrease state financial aid funding by $37.6 million for the 2011-2012 academic year could throw University aid packages into uncertainty.
Students who completed their FAFSA form and Financial Aid Profile by today’s deadline have an advantage over those who chose to procrastinate.
Seven years ago, the University established the Carolina Covenant program to overcome the weight college tuition can place on students beneath the poverty line.
If a Republican effort to reduce federal spending passes through the divided U.S. Congress, students in North Carolina could lose about $166 million in financial aid funding for the upcoming academic year.
Students who are married might qualify for more financial benefits, including improved need-based financial aid and in-state tuition. This does not immediately translate to in-state residency for UNC students. But married students do not have to include their parents’ income as their own on FAFSA forms, she said, which might help with financial aid.
As university budgets nationwide are cut and tuition increased, it is more important than ever to fill out the FAFSA form early, administrators say.
Students nationwide might see changes to the higher education system in the next few years, which could lead to loss of grants and federal student aid.With a new Republican majority in U.S. Congress, the Department of Education’s budget could get slashed and some of its power transferred to states.
At a meeting Tuesday, the Committee on Scholarships, Awards and Student Aid discussed a potential repeal by the N.C. General Assembly that could make merit scholarship funds more scarce.
A legislative committee approved a set of recommendations Tuesday intended to combat growing concerns about government funding for financial aid.The N.C. General Assembly will vote on the recommendations in their upcoming session, which convenes Jan. 26.The committee, which focuses on state-funded financial aid, recommended consolidating three need-based grants into the N.C. Access and Success Grant and eight loan programs into the N.C. Forgivable Education Loan for Service program beginning with the 2012-2013 academic year.
As the University system prepares for one of its toughest years in history, its Board of Governors today will tackle two big issues facing students — the rising cost of tuition and the depleting funds for financial aid.
For the tenth consecutive year, UNC has been named the best value in the land. The University received the No. 1 ranking on Kiplinger’s “Best Values in Public Colleges” list.
Katie Wordsworth, a freshman biology major, said she needs every cent of her financial aid grants to achieve her dream of becoming an oncologist. Once accepted to UNC, her decision to attend was an easy one — it was the only school to promise her a debt-free education through the Carolina Covenant scholarship.
With different parties in charge of the two chambers in U.S. Congress and Republicans taking the majority in the North Carolina General Assembly, President Barack Obama and Gov. Bev Perdue’s agendas, including parts which directly affect students, could be obstructed or compromised.
If a recommendation for simplifying the state’s financial-aid system is followed, students from similar economic circumstances in the UNC system would be receiving the same amount of aid, regardless of the tuition costs they pay. At the request of the UNC and N.C. community college systems’ presidents, a work group comprised of state education officials studied simplifying the financial-aid system and recommended standardizing a formula for calculating aid awards for students and consolidating three sources of state financial aid into one.