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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Barack Obama wants to make it easier for students to get federal college aid from Uncle Sam. The president’s administration is working on simplifying the sometimes onerous Free Application for Federal Student Aid, the form that qualifies students for grants, loans and other forms of college aid.
Declaring bankruptcy is not enough to excuse former students from paying back their student loans.But one former student circumvented that law in a ruling from the Ninth Circuit Court of Appeals.