Student Loans for High Point University Students
About High Point University
High Point University is a private liberal arts university that focuses on providing a true evangelical Christian environment. The university is affiliated with the United Methodist Church. HPU was established in 1924 and currently has a total of over 4,500 students in undergraduate and graduate programs. The university is located in High Point, North Carolina. The campus is quite spacious and has all the latest facilities, and boasts 16 Division I sports teams.
About Student Loans
We know you’re interested in attending HPU; however, it can be quite daunting when trying to figure out how to cover the costs of studying at this school. The HPU Financial Aid department can be a big help in paying for your education. The office diligently works with you to help you navigate the application process. Each year, there are many students who get approved for various financial aid plans available at HPU. The financial aid funds can come from several sources: federal, state, university, or private agencies.
The Free Application for Federal Student Aid (FAFSA) needs to be completed and submitted to be considered for High Point University financial aid. This standard form asks you for your family’s financial status, so supporting documents like bank statements and a list of liabilities are required. Once you submit the FAFSA to the government, they will send the university a Student Aid Report (SAR). The university will use the Expected Family Contribution (EFC) on the SAR to determine which financial aid options you are eligible for. The FAFSA form can be completed on-line at fafsa.ed.gov.
Financial Aid Packages
Financial aid packages are generally a combination of scholarships, grants, loans, and work-study programs. Students can also apply for other various scholarships and grants each year. These include North Carolina Legislative Tuition Grant, Presidential Scholarship Program, United Methodist Scholarships, athletic scholarships, and ROTC Scholarships. Students are required to maintain Satisfactory Academic Progress (SAP) in order to retain the funds each academic year. HPU Financial Aid department also disburses federal student loans like Stafford Loans and Parent PLUS Loans. The standard loan interest rate is fixed at 4.29% for Subsidized Stafford loans, 4.29% for Unsubsidized Stafford Loans and is at 6.84% for Parent PLUS Loans.
Private Loans and HPU Financial Aid
If your financial aid package doesn’t cover all of your costs, or if you have exhausted all of your financial aid options, you might want to apply for private student loans, as such loans may provide more substantial amounts of money. However, exercise caution and only apply for what you need. If you are having trouble figuring out which student loan is best for you then use our Comparison Tool. You can conveniently search for the different student loan options and compare them with each other based on criteria such as Annual Percentage Rate (APR) of interest rate, repayment options, total cost, etc.
Students interested in applying for HPU financial aid must comply with all eligibility requirements. Students must also be U.S. citizens with a valid Social Security number. The financial aid eligibility requirements ask students to comply with Selective Service Registration, if necessary.
Does High Point offer any athletic scholarships?
The High Point financial aid office offers athletic scholarship awards for both men and women. Male students may apply for competitive awards in basketball, baseball, track, cross country, and soccer. Conversely, female athletes are awarded scholarships in cross country, basketball, soccer, track, and volleyball. These scholarships are awarded in accordance with NCAA rules and regulations.
Do I need to apply for High Point University financial aid every year?
The High Point University financial aid office requires students to apply at the start of every academic year. Financial assistance is based on the student’s demonstrated need or merit and students. To apply for need-based awards, must first fill out the FAFSA, which takes the student’s family contribution under consideration. As far as merit-based aid is concerned, students must adhere to SAP (Satisfactory Academic Progress) guidelines in order to continue receiving financial aid.
Pay for High Point University*
|Total Avg. Cost||$37,600|
|Room & Board||Not avail.|
|Financial Aid Information|
|Students Receiving Fin Aid||88%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$8,462|
|%Receiving Other Loans||12%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics