About North Carolina Financial Aid
With the cost of college continuing to rise, many students need financial assistance to cover the cost of their college education. For in-state students studying at a public university, there are certain very favorable aid options available to them; students in North Carolina, for example, have access to a wide variety of North Carolina Financial Aid to help them afford an education.
Applying for North Carolina Financial Aid
Applying for North Carolina Financial aid is a relatively straightforward process, and is no more complicated than applying for aid at any school. Firstly, if you are an in-state student, you qualify for state subsidies that will greatly reduce your tuition: while you do not need to apply for this tuition discount, you will need to verify that you live in-state to qualify for this form of North Carolina Financial Aid. In order to receive any state-based grants, scholarships, or loans, you need to file the Free Application for Federal Student Aid (FAFSA). You should also talk to the North Carolina Financial Aid office for whichever state school you attend to inquire about any forms of North Carolina Financial aid, such as state scholarships or grants that you might be eligible for. Once you file the FAFSA, your application process will be complete, and you will receive a financial aid package some time thereafter.
North Carolina Financial Aid Packages
North Carolina has a variety of financial aid options for students seeking higher education, which mainly consist of federal loans and private loans. Certain state schools are able to offer students institutional loans, which often have very low interest rates and agreeable borrowing terms, making that a unique aspect of North Carolina Financial Aid. Most students who receive North Carolina Financial Aid will be offered federal student loans in their aid package, and will be encouraged to work on campus for up to a few hours each week. Students will also be encouraged to find a job over the summer in order to financially contribute to their education. Some students enrolled at colleges and universities in North Carolina are able to obtain support from external sources, such as outside scholarships and/or grants. Students who need North Carolina Financial Aid in order to pursue a college education should exhaust all grants, scholarships, and federal aid options before turning to private student loans, which should only be used to cover the financial gap. To find, compare, and apply for private student loans for North Carolina schools, just use our student loan comparison tool above.
Can you tell me about North Carolina student loans?
Students from North Carolina can apply for both federal and private loans. Some of the federal loan options include Direct Stafford loans, Direct Plus loans, and Direct Plus loans for graduate students. Students should fill out the Free Application for Federal Student Aid (FAFSA) and submit it with other relevant paper work. Those students which do not qualify should look for private lenders.
What is the application procedure for NC financial aid?
Students interested in NC financial aid must fill out the FAFSA application form. The FAFSA (Free Application for Federal Student Aid) is available online and can be submitted at fafsa.ed.gov. This application provides access to a number of options that include loans, grants, and work-study. These options are attractive, especially because they are sponsored by the federal government and come with comparatively lower interest rates, as well as more protection for the borrower.
Do I have to be a North Carolina resident to qualify for financial aid?
Students seeking a state scholarships must to be North Carolina residents. Some scholarships might have a condition that you should be a resident of the state for at least a specific amount of time to receive an award. North Carolina grants and scholarships include the North Carolina Education Lottery Scholarship, the North Carolina Community College Grant, the UNC Need-Based Grant, and the North Carolina Need-Based Scholarship.
While searching for financial aid in North Carolina I came across North Carolina Education Lottery Scholarship. Can you tell me about it?
This scholarship was created in 2005 to help needy North Carolina students pay for their college expenses. The amount of the award made under the North Carolina Education Lottery Scholarship ranges from $100 to $3,400. The actual award a student will get depends on the information provided on the Free Application for Federal Student Aid application (FAFSA).