Grants and Scholarships
Federal Pell Grant
Awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s, graduate, or professional degree. In some cases, students enrolled in a post baccalaureate teacher certification program may receive a Federal Pell Grant. The amount a student can receive is dependent upon your expected family contribution from your FAFSA, the cost of attendance for the school you are enrolled, your status as full-time or part-time student, and/or your plans to attend school for a full academic year or less. Pell Grant lifetime eligibility is limited to 12 semesters.
Federal Supplemental Educational Opportunity Grant (FSEOG)
Awarded to undergraduate students who have exceptional financial need and who have not earned a bachelor’s or graduate degree. Federal Pell Grant recipients receive priority. Not all schools participate in this program. Funds depend on availability at the school.
Loans
Direct Subsidized Loans
For undergraduate students with financial need. You‘re not usually charged interest on the loan during certain periods, such as when you‘re in school at least half-time. The U.S. Department of Education (ED) is the lender; payment is owed to ED. Amounts are dependent on grade level and dependency status.
Direct Unsubsidized Loans
For undergraduate , graduate, and professional degree students. Financial need isn‘t required. You’re responsible for paying the interest during all periods. The U.S. Department of Education (ED) is the lender; payment is owed to ED. Amounts are dependent on grade level and dependency status.
Direct PLUS Loans
For parents who are borrowing money to pay for their dependent undergraduate child’s education, and for graduate or professional degree students. Financial need isn‘ t required. The U.S. Department of Education (ED) is the lender; payment is owed to ED. You must not have an adverse credit history (unless you meet certain additional eligibility requirements). Maximum amount is the cost of attendance (determined by the school) minus any other financial aid the student receives.
Work Study
Student employment provides part-time employment, while the student is enrolled in school, to help pay his or her education expenses, participate in community service and gain experience related to their educational and career objectives. At NCWU there are 4 types of student employment (Federal Work Study, Institutional Work Study, Summer Employment and Special Assignment/Internships), and the availability of jobs varies by each school year. It is the student’s responsibility to seek out and apply. The student will be paid directly to a bank account provided by the student for the hours he or she works, and the amount he or she earns cannot exceed the total amount awarded by the school for the award year.
Alternative/Private Student Loans
A nonfederal loan made by a private lender, such as a bank or credit union. The terms and conditions of private student loans are set by the lender, not the federal government nor NCWU. If you’re not sure whether you’re being offered a private loan or a federal loan, check with the financial aid office at your school.
