Navigating the intricacies of financial aid can be a daunting task, especially for college students. At North Carolina Central University (NCCU), we understand the challenges students face in funding their education. That’s why we offer a wide range of student aid programs to help you make your dream of a higher education a reality.
Types of Financial Aid Available
NCCU offers a variety of financial aid options to help students cover the cost of tuition, fees, books, and other expenses. These options include:
- Scholarships: Scholarships are financial awards that do not need to be repaid. They are typically awarded based on academic merit, financial need, or other criteria.
- Grants: Grants are financial awards that do not need to be repaid. They are typically awarded to students with financial need.
- Loans: Loans are financial awards that must be repaid. They can be either subsidized or unsubsidized. Subsidized loans have an interest rate that is set by the government and does not accrue while the student is enrolled in school. Unsubsidized loans have an interest rate that is set by the lender and accrues while the student is enrolled in school.
- Work-Study: Work-Study allows students to earn money to help pay for their education. Students work part-time on campus or off-campus in jobs that are related to their field of study.
How to Apply for Financial Aid
To apply for financial aid at NCCU, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is a form that collects information about your family’s income and assets. This information is used to determine your eligibility for financial aid.
You can apply for the FAFSA online or by mail. The FAFSA is available on October 1st of each year. You should submit your FAFSA as early as possible, as many financial aid programs have deadlines.
Deadlines and Important Dates
The following are important deadlines and dates to keep in mind when applying for financial aid at NCCU:
- FAFSA Priority Deadline: March 1st
- NCCU Scholarship Deadline: March 15th
- Financial Aid Award Notification: April 1st
Contact Information
If you have any questions about financial aid at NCCU, please contact the Office of Financial Aid.
Phone: (919) 530-6300
Email: [email protected]
Address:
North Carolina Central University
Office of Financial Aid
1801 Fayetteville Street
Durham, NC 27707
FAQs
1. What is the average financial aid package at NCCU?
The average financial aid package at NCCU is $15,000. This package includes scholarships, grants, loans, and work-study.
2. What is the FAFSA?
The FAFSA is the Free Application for Federal Student Aid. It is a form that collects information about your family’s income and assets. This information is used to determine your eligibility for financial aid.
3. When should I submit my FAFSA?
You should submit your FAFSA as early as possible, as many financial aid programs have deadlines. The FAFSA is available on October 1st of each year.
4. What is the difference between a scholarship and a grant?
Scholarships are financial awards that do not need to be repaid. They are typically awarded based on academic merit, financial need, or other criteria. Grants are financial awards that do not need to be repaid. They are typically awarded to students with financial need.
5. What is the difference between a subsidized loan and an unsubsidized loan?
Subsidized loans have an interest rate that is set by the government and does not accrue while the student is enrolled in school. Unsubsidized loans have an interest rate that is set by the lender and accrues while the student is enrolled in school.
6. What is work-study?
Work-study allows students to earn money to help pay for their education. Students work part-time on campus or off-campus in jobs that are related to their field of study.
Conclusion
Applying for financial aid can be a complex process, but it is important to take the time to do it carefully. The financial aid you receive can help you make your dream of a higher education a reality.
If you have any questions about financial aid at NCCU, please contact the Office of Financial Aid.
