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State Student Aid Programs Summer, 2012. 2012-2013 State Aid Programs State Aid Programs for North Carolinians Scholarships and Grants Forgivable Loan.

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Presentation on theme: "State Student Aid Programs Summer, 2012. 2012-2013 State Aid Programs State Aid Programs for North Carolinians Scholarships and Grants Forgivable Loan."— Presentation transcript:

1 State Student Aid Programs Summer, 2012

2 State Aid Programs State Aid Programs for North Carolinians Scholarships and Grants Forgivable Loan Programs Methodologies

3 State Aid Programs State Aid Programs for North Carolinians North Carolina Education Lottery Scholarship (ELS) North Carolina Community College Grant (CC) The University of North Carolina Need-Based Grant (UNC) North Carolina Need-Based Scholarship (NBS)

4 State Aid Programs State Aid Programs for North Carolinians (continued) NC Reach (Child Welfare Postsecondary Support Program) Golden LEAF Scholarship NC Student Assistance Program (NCTAP) Other North Carolina programs are described in Student Financial Aid for North Carolinians available at CFNC.org/fabook

5 North Carolina Education Lottery Scholarship (ELS) Created by the 2005 General Assembly to provide financial assistance to needy North Carolina resident students. Eligibility –Be NC resident for tuition purposes –Enroll at least half-time –Undergraduate student with no prior bachelor’s degree –Beginning in , enrolled in NC Community College or UNC institution –Meet all Pell Grant eligibility rules (except EFC) –EFC less than or equal 5000 –Meet the Satisfactory Academic Progress requirements –Limited to maximum of eight (full-time) semesters or equivalent

6 ELS Value –Varies according to EFC information generated from the FAFSA –Awards for part-time students are prorated 50% Application Procedure –Complete the FAFSA and list eligible campus Goal is to give needy NC residents minimum grants of $3,400 –If Pell is $1,900, Education Lottery Scholarship is $1,500 –If Pell is $800, Education Lottery Scholarship is $2,600 –If Pell is greater than or equal to $3,400, then no state funds are needed to build the promised foundation –So, every eligible student whose family can afford $5,000 or less will receive grants of at least $3,400 (from Pell, from State Lottery, or in combination of the two) Pell + ELS > $3,400 Administered by CFI under direction of NCSEAA

7 North Carolina Community College Grant Created by the General Assembly in 1999 Eligibility requirements for the Grant program –Be NC resident for tuition purposes –Undergraduate w/ no prior earned bachelor’s degree –Enroll at least half-time –Meet Satisfactory Academic Progress requirements –Meet all Pell Grant eligibility rules (except EFC)

8 North Carolina Community College Grant Value –Varies according to information generated from FAFSA –Awards for part-time students are prorated ¾-time 75% Half-time 50% Application Procedure –Complete the FAFSA and list a NC community college Goal is to provide need-based assistance for community college students with Pell Grants and Lottery Scholarships totaling less than $4350 –Raises the floor provided by Lottery + Pell of $3400 –Maximum grant is $950 –Designed to supplement, not replace federal aid Administered by CFI under direction of NCSEAA –….

9 North Carolina Community College Grant Student A Student B Student C EFC Pell4,2002,100 Not Elig--EFC >4995 Lottery Sch01,300 Not Elig--EFC > 5000 CC Grant Total4, For , students with EFCs of 5000 or less receive at least $4,350* using Pell, Community College Grant and Education Lottery Scholarship *Students with EFCs of 5001 to 6000 receive $650 from CC grant only.

10 The University of North Carolina System Need-Based Grant Established to provide need-based financial assistance for students enrolled at one of the 16 campuses of The University of North Carolina Eligibility –Be NC resident for tuition purposes –Enroll at least half-time –Undergraduate w/ no prior earned bachelor’s degree –Have documented unmet need determined by program formula –Consideration for grant automatic after FAFSA filed –Applicants should apply by standard UNC priority deadline, March 1 Funding is expected to be available for a later applicants but early application is encouraged.

11 The University of North Carolina System Need-Based Grant Value –Maximum grant for is $4,200 / minimum is $500; –Awards for part-time students are prorated 50% Application Procedure –Complete the FAFSA and list a UNC institution Administered by CFI for SEAA/UNC General Administration

12 Student A at School 1 Student B at School 2 5,619 Tuition/fees (varies by UNC institution; value is 73.5% of the UNC BOG ‘s approved tuition & fees) 4, ,041 Living allowance (standard for all UNCs) +10,041 15,660 Cost of attendance 14, Family Contribution (State formula, not federal) -5,500 -3,100 Pell Grant Amount Education Lottery Scholarship -0 -5,200 Self help (standard assumption for all students) -5, Estimated tax credit ($950 for Pell recipients; $1,800 for non-Pell recipients) - 1,800 =5,610 Raw UNC Grant Calculation =2,014 = $4,200 Actual UNC Grant Amount Current min/max of $500/$4200 for =$2,014 The University of North Carolina Need-Based Grant

13 NC Need-Based Scholarship Effective for Eligible Institutions: –Private non-profit institutions who participated in NCLTG /SCSF –Mid-Atlantic Christian University & The College at Southeastern –Nursing Schools –Hospital Schools Funding amounts are variable from $1,200 to $7,000 –Students enrolled at least ¾ time will receive 50% of award

14 NC Need-Based Scholarship Students complete FAFSA to be considered. Eligibility –Be legal NC resident and NC resident for tuition purposes –Have Federal EFC less than an amount set annually by the Authority EFC cannot exceed cost of attendance for UNC campuses For , EFC must be less than/equal to Undergraduate student in matriculated Status (in a defined program of study leading to a degree, diploma or certificate); Meet satisfactory academic progress requirements Meets all Pell Grant eligibility rules (except EFC)

15 Funding Limits Established for UNCNBG and NBS Enrollment limit to receive certain grants for baccalaureate degree –Programs Affected UNC Need-Based Grant NC Need-Based Scholarship –Limits 9 semesters (full-time) for a four-year degree program 11 semesters (full-time) for a five-year degree program Prorated if students are enrolled less than full-time –Lottery Scholarship has always had an eight semester limit

16 ELS, UNCNBG, CCG, NBS Certification of Student Eligibility Institutional Responsibilities –Execute a Participation Agreement (one-time), if required –FAA certifies student eligibility on the Web Pell eligible except for EFC (not applicable for UNCNB) NC resident for tuition purposes Correct enrollment status Same ISIR transaction used for federal and state awards –Disburse funds to student accounts within ten days –Refund money within prescribed timeframes –Maintain records –Be available for reviews and audits Training available— –Contact CFNC regional representative or call

17 ELS, UNCNBG, CCG, NBS Federal Aid Eligibility Requirements Meets all of the requirements for the Federal Pell Grant, with exception of EFC Student must: –Be enrolled or accepted for enrollment for the purpose of obtaining a degree or certificate –Have a high school diploma or equivalent, or have been home-schooled –Not be simultaneously enrolled in elementary or secondary school –Not already have a bachelor’s degree –Be U.S. citizen, national, or eligible noncitizen –Have valid Social Security Number (SSN) –Be registered with Selective Service, if required –File Statement of Educational Purpose (on FAFSA)

18 ELS, UNCNBG, CCG and NBS Federal Aid Eligibility Requirements Student must: –Not be in default on Title IV loan or owe overpayment on Title IV grant –Not have borrowed in excess of annual or aggregate loan limits –Not have property subject to lien for debt owed to U.S. (i.e. lien placed as result of student failing to pay federal tax debt or make satisfactory arrangements to pay) –Be maintaining satisfactory academic progress –Not have been convicted or pled nolo contendere (no contest) or guilty to a crime involving fraud in obtaining Title IV Funds Ineligible until fraudulently obtained funds completely repaid to Secretary or loan holder(s) Not be in violation of the drug conviction restrictions for Pell eligibility Any other Pell eligibility restrictions not listed here; consult the most recent FSA Handbook and ED guidance for updates and changes

19 600% Pell Limitation and State Grant Programs For these programs, students must be Pell-eligible (except for EFC): –NC Education Lottery Scholarship –NC Community College Grant –NC Need-Based Scholarship Student is eligible for full state grant for each semester that there is any remaining Pell eligibility If student is ineligible for Pell due to the 600% limitation, the student is not eligible for ELS, CC and/or NBS. This program requires students to be Title IV eligible: –UNC Need-Based Grant Students can be eligible for full state regardless of the 600% Pell limitation.

20 600% Pell Limitation and State Grant Programs Links to helpful information about LEU: terFedPellGrant.htmlhttp://ifap.ed.gov/eannouncements/021712PreliminaryInfoImpl12Semes terFedPellGrant.html tation.htmlhttp://www.ifap.ed.gov/eannouncements/040612CODSysAprilImplemen tation.html timeEligUsedSAOTWPage.pdfhttp://www.ifap.ed.gov/eannouncements/attachments/040612CalPGLife timeEligUsedSAOTWPage.pdf

21 Return of Funds State Grant Return of Funds Policy –Policy has been proposed to the NC Community College System and the UNC System for consideration and adoption –Policy will be used for SEAA programs, also –Will be consistent across state grant programs

22 John B. McLendon Scholarship Fund Two leadership scholarships at each of North Carolina’s Historically Black Colleges and Universities –One each for a male and female student athlete Bennett College for Women will receive two scholarships for female athletes Eligibility –Must have been enrolled for at least two semesters –Must be varsity athlete Value –Maximum award of $ 1,250 per academic year $300 for Recipients are selected by their colleges

23 Other NC Programs Penn Family Scholarship Established as an endowed fund from proceeds of the sale of Chinqua Penn Plantation in Rockingham County Income designated to provide scholarships for needy Rockingham County students attending one of the 16 UNC constituent institutions Eligibility –Resident of Rockingham County and NC for tuition purposes –Demonstrate need by completing the FAFSA –Enroll as undergraduate full- or part-time –Maintain SAP Value –Awards vary and are not automatically renewable Recipients are selected by their colleges based on specific allocation of funds to the institution

24 UNC Campus Scholarships Established in 2002 by the General Assembly through the consolidation of several programs Designed to promote diversity on 16 NC constituent campuses Provide funding for undergraduate and doctoral students Eligibility –Must be North Carolina resident for tuition purposes –Each campus drafted and submitted a plan to the president of UNC describing the eligibility criteria for their program. Award amount determined by the institution Interested students should contact the institution’s financial aid office

25 Golden LEAF Scholars Program — Four-Year Public and Independent Institutions Administered by NCSEAA on behalf of the Golden LEAF Foundation Scholarships available for students attending qualifying institutions, NC public universities and NCICU institutions (including Louisburg) Eligibility: – Be a high school senior enrolling full-time as a first-year student or a community college transfer student enrolling for the first time at any participating NC college or university in the fall of 2012 – Be NC resident for tuition purposes – Reside in one of 78 qualifying rural counties (listed on CFNC) – Demonstrate financial need. Students MUST submit the Free Application for Federal Student Aid (FAFSA) to be considered for this scholarship Value of real property owned by farm families not considered when determining financial need

26 Golden LEAF Scholars Program — Four-Year Public and Independent Institutions Eligibility: – Present satisfactory record of academic achievement and community service – Submit an online application available at – Not already have a bachelors degree – Not in default on federal or state student loans Emphasis on leadership development; program developed by the Center for Creative Leadership Maximum awards: – Up to $12,000 scholarship over four years ($3000/year) – Transfer students will receive less than four years of funding

27 Two-Year Colleges Golden LEAF Scholars Program Administered by the individual community colleges on behalf of the Golden LEAF Foundation Applications obtained from and submitted to the individual community colleges Must reside in one of 78 qualifying rural counties (listed on CFNC) Eligibility requirements – Enroll in a NC community college during the academic year – Permanent resident of a qualifying rural county – Demonstrate financial need –Curriculum students selected based on their financial need. Degree- seeking students must be enrolled as full-time students in order to receive the maximum scholarship award – Grants for less than full-time are prorated

28 Two-Year Colleges Golden LEAF Scholars Program (continued) Eligibility requirements (continued) – Occupational Education students must demonstrate financial need under the federal TRIO formula and be enrolled in a credentialing program of at least 96 hours. Maximum Awards: – Curriculum students-- $750/semester – Occupational Educational Students--$250/semester Funds may be used for tuition, fees, books, supplies; and with special provisions, childcare and transportation expenses.

29 NC Tuition Assistance Program (NCTAP) General Assembly established program of tuition assistance for qualifying guard members Purpose is to encourage voluntary membership in the guard, improve educational level of guard members and benefit the State Eligibility requirements – Be an active drilling member of the NC Army or Air National Guard – Remain a member of the National Guard for two years following the end of the academic period for which tuition assistance is provided – Enroll in an eligible institution (public or private) located within the state of NC – Meet Satisfactory Academic Progress standards of institution

30 NC Tuition Assistance Program (NCTAP) Maximum awards: – Up to amount of tuition and fees per academic year – If tuition is less, difference paid may be disbursed to school to reimburse soldiers for required books and materials – Subject to availability of funds Application procedure: – Complete and submit application available online at: CFNC.org/seaastudent – Army Guard members must be considered for Federal benefits before NCTAP Assistance benefits can be considered. Army Guard members must apply for Federal tuition assistance through the GoArmy (GoArmyED.com) portal Contact State Tuition Assistance (NCTAP) Manager Stacy Steinmetz (919) ext

31 NC Reach (Child Welfare Postsecondary Support Program) 2007 NC General Assembly established funding for students who: –Have aged out of NC public foster care or –Were adopted from foster care after age twelve Eligibility requirements –Age 18 – 25 and meet criteria above –Enroll at least half-time in NC Community College or UNC campus, seeking undergraduate degree, diploma, or certificate –Compliant with registration requirements for Selective Service –Not in default nor owe refund under any federal or state loan or grant programs Maximum value: Cost of Attendance minus other aid Applications and additional information

32 Resources NCSEAA.edu –Program Information – CFNC.org –Grant & Loan Processing System and SEAA School Portal –

33 Resources Via the CFI Grant System under Publications/Grant Certification: Publically accessible resources: CFNC.org –Grants and Scholarships –CC –ELS –FELS –Golden LEAF –NC REACH –UNC Need-Based –NC Need-Based Scholarship –www.cfnc.org/nbswww.cfnc.org/nbs


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