Types of Aid (ADP)
Most federal student aid is need-based, taking into account an expected family contribution (EFC). Need-based financial aid comes in two basic types:
- Grants which are considered gift aid and generally don't have to be paid back (sometimes a repayment is required if a student withdraws);
- Loans, which are funds that you borrow and must be paid back, usually after you leave school.
Federal Pell Grant
The Pell Grant is a federal entitlement program that provides funds to students enrolled at approved colleges. The Estimated Family Contribution (EFC) number on the Student Aid Report (SAR) determines the amount of each grant. This information is generated through the Department of Education and is mailed or emailed to the student.
Eligibility is based on the following:
- Enrollment as a regular student in an eligible program
- U.S. citizenship or permanent residence with proper documentation
- Undergraduate student not previously receiving a bachelor’s degree
- Does not owe a refund on a Pell Grant, Supplemental Grant or Student Incentive Grant received to meet the cost of attending any institution
- Not defaulted on any Perkins, Federal Stafford Loan, or PLUS Loan received to meet the cost of attending any institution
- In compliance with the Selective Service Registration requirements
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Supplemental Educational Opportunity Grant program is a federal non-repayable program that provides money to a limited number of undergraduate students who demonstrate financial need. Supplemental grants range from $200 to $4000 per academic year depending on your need and availability of funds.
North Carolina Grants
NORTH CAROLINA STATE CONTRACTUAL SCHOLARSHIP (SCFS) - The SCSF is awarded to North Carolina residents demonstrating financial need. It is a grant and therefore does not need to be repaid.
NORTH CAROLINA LEGISLATIVE TUITION GRANT (NCLTG) – A residency grant not to be repaid. The NCLTG is awarded to legal North Carolina residents enrolled at least on a half-time basis. Demonstrated need is not considered, but the NCLTG must go toward meeting demonstrated need. The 2009-2010 NCLTG is $1950 for a full-time student. Click here to download the NCLTG Application. (PDF)
NORTH CAROLINA EDUCATION LOTTERY (NCEL) – A need-based grant not to be repaid. Awarded to North Carolina residents who attend at least half-time. Amounts awarded by the state are up to $2500 per academic year. |
