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OFFICE OF STUDENT FINANCIAL AID |
Need-Based Aid |
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Federal Pell Grants
Approximately 4,400 UNC Charlotte students receive Pell Grants.
Other Grants
UNC Charlotte receives about $1.3million through the Federal Supplemental Grant and the State Appropriated Grant programs. These funds are used to award $1,200 grants to the 1,000 neediest students who apply by April 1. In addition, NC residents who complete the FAFSA are automatically considered for the NC Student Incentive Grant and the UNC Need-Based Grants. Which are administered by the College Foundation Inc. Eligibility is based on information that agency receives from the federal government when a student submits the FAFSA. No additional application is needed. Approximately 4,000 UNC Charlotte students are awarded about $6 million in state grants by the College Foundation.
Student Loans UNC Charlotte participates in the following major financial aid programs: Federal Stafford Loans The annual loan limits for the Federal Stafford Loan are as follows:
Also, Independent Students are eligible for additional amounts. The interest rate is fixed at 6.8%. Approximately 8,000 UNC Charlotte students receive federal loans. The Office of Student Financial Aid (OSFA) uses the College Foundation, Inc. (CFI), a state-affiliated institution, as its primary lender because of their benefits offered to borrowers and the services provided to students. CFI has a long history of providing students enrolled in North Carolina’s colleges and universities with loans and has been the central lender in the state since 1955. For a comprehensive listing of CFI’s borrower benefits as well as comparison charts, please click here.Students do have the option of selecting a different lender, and if so, OSFA will promptly certify their loans. Subsidized vs. Unsubsidized Student Loans Regardless of the result of the FAFSA (i.e. whether or not you have financial need as determined by the federal government), any degree-seeking student who is a U.S. citizen or an eligible non-citizen may be eligible to receive a federal student loan. For students with financial need determined by the FAFSA, the loan is subsidized, which means the federal government will pay the interest while you are in school. Students who do not have financial need may borrow an unsubsidized loan. For these loans, the student is responsible for the interest while in school. Your financial aid award information will state whether your loan is subsidized, unsubsidized, or a combination of both. You may then simply accept the loans on-line via Banner Self-Service. For first-time borrowers, you will be mailed a master promissory note to finalize the process and also given instructions for completing on-line loan counseling. For continuing borrowers, upon award acceptance, your loans will be certified with your previous borrower. Please review our Preferred Lender List at the following link: UNC Charlotte Preferred Lender List Federal Perkins Loans
This program provides about $1.5 million each year to about 400 of the neediest students who apply by April 1. Each year, new funds provide about $300,000, and repayments from out-of-school borrowers provide about 1.2 million.
Federal Work Study
Approximately 500 of the neediest students who apply by April 1 work part-time, approximately 14 hours per week.
Need based Scholarships
All students who apply for financial aid by the established priority date of April 1 are considered for scholarships based on academic achievement and financial need. Approximately 100 students with highest need and grade point averages receive awards. |
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