Finances and Financial Aid

Student Finances

Living Expenses
Payment Methods
2012-2013 Expenses
Adjustment of Tuition
Fifty Percent Tuition Surcharge
Direct Deposit of Financial Aid Funds

Scholarships and Financial Aid

Eligibility for Need-Based Aid
Federal Aid Programs
University Scholarships and Grants
Applying for Need-Based Aid
Priority Deadline
Application Forms
Award Decisions
Types of Need-Based Aid
General Scholarships
Special Scholarships
Grants
UNC Campus Scholarships Programs--Undergraduates
Carolina Computing Initiative
Need-Based Loans
Employment
Non-Need-Based Loans
Academic Scholarships
Information and Instructions

Student Finances

Living Expenses

Expenses for the 2012–2013 academic year (two semesters) were approximately $22,340.00 for an in-state student and $43,848.00 for an out-of-state student. These expenses are listed separately below.

Tuition and fees are assessed on a semester basis. Billing statements will be available online through the ConnectCarolina Student Center. Students and authorized users will receive a courtesy e-mail notification after statements are available. Students are responsible for accessing their statements online and paying them on time. Any past due charges will result in a hold on registration and transcripts. Students must pay past due balances from prior terms before they will be allowed to register for future semesters. Students registering after the last billing date must either prepay tuition and fees or provide documented eligibility of financial aid to the Office of Student Accounts and University Receivables.

It is extremely important for students to refer to the online Registration Guide, which is produced by the Office of the University Registrar (see especially “Pay your bill” at registrar.unc.edu/registration/registration-guide), prior to each semester or summer session and to follow instructions concerning payment/deferment due dates to avoid registration cancellation.

Payment Methods

Online payment from your checking account: This option is available only through ConnectCarolina. There is currently no transaction fee for the use of this online service. Online payments from your checking account must be drawn from a United States bank. Students can access their account at ConnectCarolina by using their Onyen and password.

By mail or in person: Cash (in person only), money order, check, or cashier’s check. All payments must be in United States dollars. Checks and cashier’s checks must be drawn on a United States bank. Please note the student’s PID on any check or money order.

By MasterCard, American Express, Discover, and Diners Club: Online only through ConnectCarolina. There is a 2.75 percent nonrefundable transaction fee ($3 minimum) for the use of this online service.

By installment plan: Offered through Tuition Management Systems, Inc. (TMS). Eligible expenses are tuition, fees, meal plans, and on-campus housing. The deadline to enroll in the payment plan for the fall semester or the year is July 31, and for the spring-semester-only plan, December 1. To enroll telephone 1-800-722-4867; Web site: www.afford.com/unc.

By financial aid: Deferment is available if the student is receiving verifiable financial aid.

For up-to-date information on payment options, please visit finance.unc.edu/student-accounts-and-university-receivables/student-account-services/payment-options-and-access.html.

Expenses for an undergraduate student for the 2012–2013 academic year included

 

 

N.C. Resident

Nonresident

Tuition and Fees

$ 7,694.00

$28,446.00

Books and Supplies

$ 1,182.00

$ 1,1182.00

Residence Hall
(average double room rate)

$ 5,630.00

$ 5,630.00

Board

$ 4,104.00

$ 4,104.00

Personal Expenses

$ 1,340.00

$ 1,340.00

Travel

$ 832.00

$ 1,588.00

Health Insurance

$ 1,500.00

$ 1,500.00

 

For the most updated information, please visit www.studentaid.unc.edu.

Mandatory student fees are detailed on the Web at finance.unc.edu/student-accounts-and-university-receivables/student-account-services/tuition-and-fees.html#about. In addition to these fees, incoming student, special laboratory, and designated program fees also may be charged. The returned check fee is $25, and the late registration fee is $20.

Each student is responsible for payment of his or her University charges. If a third party will be paying the charges, the Office of Student Accounts and University Receivables must receive an authorization from the third party well in advance so that arrangements can be made, if possible, for a separate invoice to be sent to the proper agency or organization in order to ensure timely payment.

Students who are expecting to receive financial aid or scholarship funds should bring with them sufficient funds (cash or travelers’ checks) to take care of living expenses for approximately 15 days. This should provide sufficient time for financial aid or scholarship funds to be made available.

The last day to reduce a course load for credit on a student’s financial account is two weeks from the first day of classes for each semester. Dropping the only course requires official withdrawal.

In case of withdrawal from the University, tuition and fees will be prorated according to the withdrawal refund calendar posted on finance.unc.edu/university-controller/student-account-services/student-billing.html under “Important Dates.” The last date for credit on a student’s financial account for withdrawal is nine weeks after the first day of classes for the fall and spring semesters.

Adjustment of Tuition

If a student withdraws from the University tuition and fees will be prorated according to the withdrawal refund schedule posted under “Important Dates” on the Web at finance.unc.edu/university-controller/student-account-services/student-billing.html. If a student drops the only course he or she is taking, this constitutes a withdrawal from the University.

Fifty Percent Tuition Surcharge

As required by Section 9.10 (b), General Statutes 116–143.7 (a), students who take more than 140 degree credit hours to complete a baccalaureate degree in a four-year program or more than 110 percent of the credit hours necessary to complete a baccalaureate degree in any program officially designated by the University of North Carolina Board of Governors as a five-year program, are to be assessed a 50 percent tuition surcharge beginning fall 2010. For further explanation of how the degree credit hours are determined, visit the Web site registrar.unc.edu/registration/registration-guide.

Direct Deposit of Financial Aid Funds

For students who are receiving financial aid in excess of tuition, fee, housing, and meal plan costs, the Office of Student Accounts and University Receivables will deposit excess funds from the account to either a checking or savings account at the student’s bank. Students must complete the direct deposit consent through the ConnectCarolina Student Center as soon as possible. It takes seven days to validate the bank account information. Students also must promptly update their direct deposit information if there are any changes to their banking information.

Scholarships and Financial Aid

studentaid.unc.edu

E-mail: aidinfo@unc.edu

The University of North Carolina at Chapel Hill has a long-standing commitment to ensure that qualified students have the opportunity to attend, regardless of their ability to pay the full cost of attendance. Tuition at UNC–Chapel Hill is lower than at most major universities, and an education at the University is an outstanding value. To help students meet their costs, the University provides through the Office of Scholarships and Student Aid a comprehensive program of financial aid. Scholarships, grants, loans, and job opportunities are awarded to meet the difference between the cost of attendance and the amount the student and family should be expected to pay toward expenses. Loan programs are also available to all students, regardless of financial circumstances. A limited number of academic scholarships are awarded to entering first-year students with exceptional academic ability. The Office of Scholarships and Student Aid awards and administers more than $370 million in financial aid to more than 19,000 students. Scholarships and financial aid funds come from federal, state, University, and private sources. Awards are made according to procedures established by donors, in compliance with federal and state law, and in adherence to policies developed by the University Committee on Scholarships, Awards, and Student Aid.

Eligibility for Need-Based Financial Aid

To receive financial aid from programs administered by the Office of Scholarships and Student Aid, a student must be enrolled in a degree or recognized certificate program and be making satisfactory progress toward the completion of a degree or certificate from the University. Once all requirements of the degree are met, students may no longer receive financial aid as an undergraduate student. The student may not be in default on a loan previously received for college expenses nor owe a refund on a scholarship, grant, or loan from an earlier enrollment period. In addition, the student must establish through the application process that the financial resources of the student and family are not sufficient to meet the cost of attending the University.

Federal Aid Programs

To measure eligibility for federal student aid funds, the financial circumstances of the student and family will be reviewed according to a methodology established by the United States Congress. The standard need analysis takes into consideration the income and assets of the student and family, the number of persons in the household and the number in college, taxes paid, and other relevant factors. Scholarships and other awards from private sources are also considered in determining eligibility for federal funds.

University Scholarships and Grants

Undergraduate students are considered for scholarships and grants based on an analysis of family financial circumstances according to a methodology used by many colleges and universities to award institutional funds. The home equity of the family is reviewed, as well as other income and assets which may not have been considered in the calculation of federal aid eligibility. A student is expected to contribute to educational costs, regardless of income earned during a previous year. The amount of eligibility for University scholarships and grants is usually less than federal aid eligibility, but scholarship and grant funds are often combined with federal aid to provide a total package of assistance. In awarding University scholarships and grants, the Office of Scholarships and Student Aid will consider the student’s characteristics and match the student with funds for which he or she may be uniquely qualified. Specific criteria may include academic achievement, home county or state, and leadership experiences.

Applying for Need-Based Aid

The application process for need-based scholarships and financial aid requires careful completion of appropriate forms, attention to deadlines, and prompt response if additional information is requested. Financial aid funds are limited, and the most beneficial types of aid, including University scholarships, campus jobs, and lower-interest loans, are awarded first to students whose files are completed accurately and on time.

To apply for financial aid students should

1. Complete the Free Application for Federal Student Aid (FAFSA) by March 1 at www.fafsa.ed.gov. The school code is 002974. Complete the FAFSA by the deadline even if based on income estimates.

2. Complete the CSS PROFILE by March 1 at profileonline.collegeboard.com. The school code is 5816. The PROFILE can be completed with income estimates, but corrections must be mailed to the aid office.

3. Log on to the ConnectCarolina portal for updates and information being requested of the student.

Priority Deadline

The Office of Scholarships and Student Aid gives priority consideration to students who submit the necessary forms to the processing agencies by March 1 prior to the academic year of enrollment. An entering student should not wait for a notification of admission but should file the necessary forms by the priority date, even if he or she has not decided which college to attend. Returning students also should meet the March 1 priority filing date. Timing of financial aid award notices is dependent on the application filing date, and only those students who apply by March 1 can expect to have funds delivered at the beginning of the school year. Late applications will be considered as time and resources permit.

Application Forms

All students—undergraduate, graduate, and professional—who apply for need-based financial aid through the Office of Scholarships and Student Aid must complete the Free Application for Federal Student Aid (FAFSA). The form collects basic information about the financial circumstances of the student and family so that eligibility for federal aid programs can be determined. It is strongly advised to file the FAFSA online by going to www.fafsa.ed.gov. There is no fee for processing the FAFSA, and it must be received by the federal processing agency by March 1 with the UNC–Chapel Hill code number 002974 listed in the appropriate section. Undergraduate students must also complete the CSS PROFILE application in order to be considered for University scholarships and grants. File online at profileonline.collegeboard.com. The PROFILE form should be completed by the student and family and received by the processing agency no later than March 1. There is a processing fee, which must be paid by credit card if the fee is not waived automatically upon application.

Award Decisions

An entering undergraduate student who files an application for financial aid by the March 1 priority date and provides any requested additional information promptly can expect to receive an award decision in April. Returning undergraduate students who meet the March 1 filing date are usually notified in early May. Both entering and returning graduate and professional students are usually informed of aid decisions in May if applications are filed by March 1. Students who do not meet the March 1 preference deadline cannot be assured of award notifications or of the delivery of funds until after the beginning of the enrollment period.

Types of Need-Based Financial Aid

Financial aid at UNC–Chapel Hill consists of scholarships, grants, loans, and work. When students apply for need-based aid, they will be considered for all types of assistance for which they are eligible, including scholarships for undergraduates. The student does not need to indicate an interest in specific scholarships nor a preference for gift funds. The award will include as much scholarship or grant aid as resources permit. Remaining aid eligibility for undergraduate students will usually be met by the offer of a loan, a part-time job, or both. Graduate and professional students will receive loans and/or work to meet any eligibility remaining after awards from schools or departments.

General Scholarships

University scholarships are awarded by the Office of Scholarships and Student Aid to undergraduate students who complete both the FAFSA and the PROFILE and who have financial aid eligibility and above-average academic records. Some general scholarships are supported by state appropriations and special sources, such as income from Student Stores and from trademark royalties. Other awards are made possible by gifts to the University from its benefactors. General scholarship awards range in value, depending on the student’s eligibility, academic achievement, and the availability of funds.

Special Scholarships

The Office of Scholarships and Student Aid administers several competitive scholarship programs to recognize and encourage academic excellence. An award will meet a student’s financial aid eligibility according to the methodology for University scholarships. If a recipient has federal financial aid eligibility beyond the amount of the scholarship, the student may receive additional assistance from federal student aid programs. A separate scholarship application is not required; students who apply by March 1 for need-based aid and for University scholarships will be considered. The James M. Johnston Awards are the most attractive need-based scholarships offered by the University. Each year approximately 25 entering first-year students are chosen to be Johnston Scholars, based on outstanding high school records and leadership potential. The Johnston Awards Program seeks to develop for scholars a sense of community within the University. Special programs are offered to enrich educational experiences and expand personal development, including faculty mentors, peer counselors, leadership activities, and Johnston Honors Seminars. A number of Johnston awards are made to students in the School of Nursing. Other distinguished scholarships awarded to entering first-year students who apply by March 1 include the Mark R. Braswell, Josephus Daniels, Fred W. Morrison, Herbert D. and Mayme C. Pegg, Caroline and Thomas Royster, and William A. Whitaker Scholarships. Distinguished scholarships are awarded on the basis of academic achievement and financial need.

Grants

Undergraduate students who apply for need-based financial aid will be considered for grant assistance to meet a portion of their financial aid eligibility. Awards are made to students with exceptional financial need from the Federal Supplemental Educational Opportunity Grant Program and from University funds. The Federal Pell Grant Program provides assistance to eligible first-degree undergraduate students. These awards are targeted to the neediest students, and eligibility is measured by a formula approved by the United States Congress. A Pell Grant award for an eligible student will be included as part of his or her financial aid package.

UNC Campus Scholarships Programs—Undergraduates

The University of North Carolina at Chapel Hill offers a two-part scholarship program to promote educational access and diversity:

• Part I provides need-based scholarships for undergraduate students with “exceptional financial need” whose enrollment contributes to the intellectual experiences and diversity of the undergraduate population. Students must be residents of North Carolina who are enrolled in full-time degree credit coursework.

• Part II provides need-based scholarships for undergraduate Native American students. To be eligible for these funds, students must be residents of North Carolina and must be Native American, defined as an individual who maintains cultural and political identification as a Native American through membership in an Indian tribe recognized by the state of North Carolina or by the United States.

Carolina Computing Initiative

The Carolina Computing Initiative (CCI) is a technology plan that requires all first-year students to own an Intel-based laptop computer (PC). First-year students who qualify for financial aid based on the PROFILE application will be eligible for a grant to cover all or some portion of the cost of the laptop because computer ownership is an admission requirement. Eligible students who purchase their computers through the University’s Student Stores will be given credit toward their purchase of a computer; no cash awards will be made.

Need-Based Loans

The Office of Scholarships and Student Aid administers a number of student loan programs, both federal and institutional, which provide low-interest, long-term loans to undergraduate, graduate, and professional students who have financial aid eligibility under federal guidelines. Most financial aid packages to undergraduate students include assistance from one or more loan programs, and the majority of aid to graduate and professional students is from loan sources. The Office of Scholarships and Student Aid determines which loan source is most appropriate for the student, based on the funds available at the time an award is made. Annual loan limits for dependent undergraduate students from the William D. Ford Federal Direct Subsidized Loan Program (previously called Stafford Loans) is $3,500 for first-year students, $4,500 for sophomores, and $5,500 for juniors, seniors, and fifth-year students. Repayment begins six months after the student ceases to be enrolled at least half time.

The Federal Perkins Loan Program is supported by federal allocations and by loan repayments from previous borrowers. There is no interest while the student is in school, and repayment at 5 percent begins nine months after the student ceases to be enrolled at least half time. The program calls for deferment of payments under certain circumstances and for partial cancellation of the loan if the borrower is fulfilling specific teaching or military service. Students in certain medical and allied health programs at the University may be eligible for loans from the Health Professions Student Loan Program. Interest rates are comparable to those for other loan assistance, and repayment begins after termination of student status or completion of deferment periods.

Employment

Many students work in part-time jobs, on and off campus, to meet a portion of their University expenses. Employment can provide not only a source of income but also valuable work experience. Funds are provided by the federal government and matched by the state for Federal Work Study Program jobs in many University departments and offices and in community service agencies. A work-study job may be included as part of a financial aid package. Undergraduate students are employed in hourly paid jobs an average of 10 to 12 hours per week and are paid more than the federal minimum wage. Students who remain in the same work-study job from year to year will receive an annual increase in the wage rate. Graduate students may be assigned work-study assistantships, with teaching and research responsibilities in their major departments or schools. Students are given the opportunity to select from a variety of work-study jobs to meet their skills, interests, and career plans.

Non-Need-Based Loans

Students who do not meet eligibility requirements for need-based aid, or who must have funds in addition to need-based aid, may apply for federal loans that are not based on the financial circumstances of the student and family. Students may borrow from the William D. Ford Federal Direct Unsubsidized Loan Program, up to the amount of annual eligibility for Direct Loans but not to exceed the difference between the costs of attending the University and other financial aid awards. Annual loan limits for dependent undergraduate students from the William D. Ford Federal Direct Unsubsidized Loan Program alone or combined with Direct Subsidized Loans are $5,500 for first-year students, $6,500 for sophomores, and $7,500 for juniors, seniors, and fifth-year students. Independent undergraduate students may borrow up to $9,500 for the first year, $10,500 for the second year, and $12,500 for the third and subsequent years. Graduate and professional students may receive up to $20,500 per year. Borrowers are responsible for interest payments during in-school, grace, and deferment periods. Federal Direct Unsubsidized and Subsidized Loans have an origination fee of 1 percent, deducted proportionately from each loan disbursement. Just as with Federal Direct Subsidized Loans, students who wish to be considered for Federal Direct Unsubsidized Loans, either as the only aid source or in addition to need-based aid, should contact the Office of Scholarships and Student Aid for information. The parents of undergraduate students who do not receive need-based aid, or who must have additional assistance, may apply for Federal Direct Parent PLUS Loans. The interest rate on Parent PLUS Loans is 7.9 percent; an origination fee of 4 percent is charged. Repayment generally begins within 60 days after the last disbursement of the loan.

Academic Scholarships

Each year the University of North Carolina at Chapel Hill offers special scholarships to a select group of entering first-year students. These competitive scholarship programs recognize and encourage academic excellence. Criteria for the University’s academic scholarships include academic achievement, leadership qualities, commitment to service, and potential for success at the University. Financial need is not a consideration.

The University seeks to identify students who have earned academic distinction in high school. Because Carolina is a selective university, competition for academic scholarships is strong, and fewer than 300 merit scholarships of varying amounts are awarded each year to entering students. In addition to impressive academic achievements, scholarship winners excel in extracurricular activities and demonstrate strong leadership skills. Selection is based on the information provided in the application for admission. Apart from the Morehead–Cain Scholarship, there is no separate application for academic scholarships. Candidates for the Pogue Scholarship are now selected through the admissions process and are invited to fill out a supplemental application to be considered for the award.

It is highly recommended that students apply by the first admissions deadline to receive fullest consideration for merit scholarships, though all applications will be duly reviewed for merit/Honors Carolina potential.

Scholarship candidates will be notified in early January (for deadline one admissions applicants) and late February (for deadline two admissions applicants) if they have been invited to move forward in the scholarship process. Candidates will be invited to campus to meet faculty and participate in discussions on a variety of topics, which will determine the type and amount of scholarship award to be offered. Scholarship winners will receive strong consideration for the Honors Carolina Program. There is no separate application for the Honors Carolina Program. The following scholarships are awarded each year to first-year students and are renewable for three years of undergraduate study at the University, provided students maintain the required grade point average:

Carolina Scholars Awards

The Carolina Scholars Program represents the University’s long-standing commitment to provide an outstanding education to the most able and promising students of the state and the nation. The program seeks to identify academically talented first-year students, enrich their academic experiences, and encourage their contributions to the intellectual life of the University. Superior academic achievement, evidence of self-direction and intellectual curiosity, and a genuine motivation for learning are the chief criteria for selection. Carolina Scholars awards provide $9,000 per year for students from North Carolina, and the equivalent of the cost of tuition, fees, room, and board for students from other states.

Colonel Robinson Scholarships

Colonel Robinson Scholarships are part of the UNC Scholars Program, together with the Carolina Scholarships, Pogue Scholarships, and Johnston Scholarships. The Colonel Robinson Scholarship identifies academically talented first-year students who show particular interest and acumen in science, applied science, and math. The program provides faculty mentoring and other enrichment opportunities to encourage their intellectual growth and engagement in the fields of math and science. Awards are $9,000 per year for students from North Carolina, and the equivalent of the cost of tuition, fees, room, and board for students from other states.

Robertson Scholars Program

The Robertson Scholars Program is a unique undergraduate merit award that is jointly administered by the University of North Carolina at Chapel Hill and Duke University. The primary goal of the Robertson Scholars Program is to foster collaboration between the two institutions, which selects approximately 30 scholars to participate each year. Half of these scholars matriculate at UNC–Chapel Hill and exhibit exceptional leadership abilities, abiding commitment to public service, and high academic achievement. Robertson Scholars at UNC–Chapel Hill are awarded full tuition and living stipends, summer community-building and enrichment opportunities in the United States and abroad, support for research and related travel, and top-of-the-line laptop computers. There is no separate application process for the scholarship; however, selected finalists will be invited to an interview weekend at UNC–Chapel Hill in late March or early April. For more information, go to www.robertsonscholars.org.

Pogue Scholarships

The Pogue Scholarship Program seeks to identify students who demonstrate academic achievement, value diversity, exhibit strong leadership potential, and eagerly identify ways to implement positive change. Successful Pogue Scholarship candidates are individuals who show clear evidence of an abiding commitment to their local community and active engagement in diversity issues. There is no longer an “at large” application for the Pogue Scholarship. Instead, individuals who apply for admission to the University and who exhibit the qualities associated with the Pogue Scholarship will be invited to submit an application for the scholarship. Candidates selected as finalists for the Pogue Scholarships are invited to Chapel Hill in March for a two-day visit and interview. The Pogue Scholarships provide $9,000 per year to students from North Carolina and the equivalent of tuition, fees, room, and board to students from other states.

Other Academic Scholarships

A wide array of additional scholarships are awarded to students from North Carolina and other states and are based on academic achievement, leadership qualities, and special characteristics. These scholarships provide at least $2,500 per year to students from North Carolina and up to the equivalent of tuition, fees, room, and board per year to students from other states. Some of these scholarships give special attention to students from certain North Carolina counties or other geographic areas.

The Johnston Awards Program

The Johnston Awards are the premier need-based scholarships offered by UNC–Chapel Hill. Johnston Awards are given every year to approximately 25 entering first-year students, based on their outstanding high school records. Most of these students have contributed significantly to their schools and communities. To be considered for Johnston Awards, students must submit the Free Application for Federal Student Aid (FAFSA) and the PROFILE application by March 1. Stipends for the scholarships vary according to the student’s financial circumstances.

College-Sponsored National Merit Awards

UNC–Chapel Hill no longer participates in awarding scholarships to incoming students in recognition of their National Merit finalist status.

Honors Carolina

All students who win academic scholarships are strongly considered for participation in honors work at Carolina. The criteria used in the selection of honors students are similar to those of the academic scholarship selection. Factors include academic performance and course selection in high school and standardized test scores. Honors Carolina offers approximately 400 first-year students an opportunity to learn from some of the University’s most distinguished faculty members in small classroom settings. There is no separate application process for Honors Carolina. Honors participants are selected from the pool of top accepted first-year students and invited to join the program by April.

Morehead–Cain Awards

Morehead–Cain Awards are given by the Morehead–Cain Foundation, a private foundation established in 1945, to approximately 50 incoming first-year students each year. Scholarships are designed to cover the full cost of four years of undergraduate study at the University. Students attending North Carolina high schools may be nominated for the Morehead–Cain Award by their schools, or they may nominate themselves for consideration. Students attending school outside North Carolina are eligible to be nominated only if they attend a school eligible to participate in the Morehead–Cain Program. Each eligible out-of-state school may nominate one student per year. Out-of-state students who do not attend eligible schools may be considered as “at large” candidates on the basis of their admissions application to the University.

The four selection criteria for the Morehead–Cain Award are scholarship, leadership, character, and physical vigor. In addition to receiving an academic stipend, Morehead–Cain Scholars receive grants to participate in the Morehead–Cain Foundation’s Summer Enrichment Program. For more information, please link to www.moreheadfoundation.org.

Information and Instructions

Students who are interested in applying for need-based financial aid, for non-need-based loans, and/or for academic scholarships may obtain additional information from the Office of Scholarships and Student Aid by consulting its comprehensive Web site at studentaid.unc.edu, which contains additional information about scholarships and financial aid, including helpful links to related University departments and financial aid services external to the University. Inquiries may be sent to aidinfo@unc.edu.