Adult Degree Programs Financial Aid
| Contact us: Triangle@ncwc.edu | 2000 Perimeter Park Drive, Morrisville, NC 27560 | Phone: (919) 465-4777 | Fax: (919) 388-5879 | Goldsboro@ncwc.edu | 139 S. Walnut St. Goldsboro, NC 27530 | (919) 736-2312 | FAX: (919) 736-9093 | mstevens@ncwc.edu | Mark Stevens| 3400 N Wesleyan Blvd., Rocky Mount NC 27804 | (252) 985-5128 |
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(NCWC's FAFSA Title Code: 002951) QUESTIONS AND ANSWERS ABOUT PAYING TUITION AND FINANCIAL AID
When is my tuition due? Your tuition is due at the time of registration. In order to complete the registration process, you must present payment of the full tuition using one of the payment methods listed below. What payment methods are available? You may pay your tuition and other fees with a credit card (Visa, MasterCard, Discover, and American Express are accepted), personal check, money order, or cashiers check. Cash is not accepted at NC Wesleyan ADP Offices. If you are planning to use financial aid as a means of paying your tuition you need to submit the Free Application for Federal Student Aid (FAFSA) form for processing. This should be done at least eight to ten weeks before you plan to use financial aid so that your financial aid file will be complete at the time of registration. It is recommended that you complete the application as early as possible in order to ensure that you will have financial aid when classes begin. What are the general eligibility requirements for financial aid? You must be a US citizen or an eligible non-citizen, be officially accepted as a degree seeking student at NC Wesleyan College, maintain satisfactory academic progress in a major course of study, not be in default on an educational loan or owe a refund on a grant received for attendance at any post-secondary institution and have a FAFSA on file. To be fully accepted as a Wesleyan student, the college must have received and evaluated all transcripts from other institutions you have attended. What financial aid is available to me as a student in the Adult Degree Program (ADP)? ADP students are eligible for various financial aid programs that are generally divided into grant and loan programs. Grants are financial assistance that does not have to be repaid. The student loan programs provide long-term, low interest loans that must be repaid by the borrower. Grants include the Federal Pell Grant and the North Carolina Legislative Tuition Grant (NCLTG). In order to qualify for a Pell Grant you must complete the FAFSA form and be determined eligible by the federal government. Eligibility requirements for the NCLTG include completion of at least 12 credit hours per semester and North Carolina residency. Whom do I contact at NC Wesleyan about financial aid? You should contact the Financial Aid Office on campus at 1-800-488-6292 or (252) 985-5200. The Financial Aid Office staff will be able to give you detailed information about the financial aid options available to you. Do I have to apply for financial aid each academic year? Yes. After the first year for which you submitted a FAFSA, you will be required to fill out a Renewal Free Application for Federal Student Aid (Renewal FAFSA) by the federal government. You should fill out the Renewal FAFSA between the end of December and the end of January at www.fafsa.ed.gov. Review the information on the Renewal FAFSA for accuracy, making any necessary changes. For the North Carolina Legislative Tuition Grant you must complete a new FAFSA application each year. What is North Carolina Wesleyans Title IV college code for the FAFSA? NCWCs code used on the FAFSA is 002951. Am I eligible for Federal Pell Grants? This federal entitlement grant program is awarded to eligible students who have not already earned a bachelors degree and who have demonstrated substantial need. Awards range from $400 to $4310 per academic year. The amount of the grant is determined by the Student Aid Report that is generated by the US Department of Education with the information you supply on your FAFSA application. How much you are awarded depends not only on your financial need but also on your cost of attending college, whether or not you are a full-time or part-time student, and whether or not you attend for a full academic year or less. The Pell Grant may be awarded for as few as three semester hours of credit. May I use Veterans Administration Benefits at NC Wesleyan? Yes. You should contact your local VA office at 1-800-827-1000 to get information about eligibility requirements and procedures. The campus contact in regard to Veterans Administration issues, except Goldsboro students, is the Registrars Office at (252) 985-5123. Goldsboro students should contact the NC Wesleyan site director at (919) 736-2312. What is the North Carolina Legislative Tuition Grant (NCLTG)? This state grant program was created to provide tuition assistance (regardless of need) to full-time undergraduate students who are legal residents of North Carolina and are attending an eligible private college in the state. Presently, the grant provides $950 per semester. Funding levels are determined each year by the state of North Carolina. NCLTG is not available for the summer semester. Funds will be credited to eligible students accounts by the end of the semesters in which 12 credit hours were completed. Although you do not need to complete a FAFSA in order to be eligible for the NCLTG the state of North Carolina does require each recipient to complete a NCLTG application. The application must be completed and returned to the Financial Aid Office prior to the beginning of the Fall and Spring semesters in order to be eligible for the grant. What loan programs might I be eligible for?
Are there any fees in the student loan program? Yes. All Federal Stafford Loan programs are subject to a 3% to 4% origination fee. These fees are deducted from the amount of the loan at the time of disbursement by the lender. This means that the amount received by the school is the amount of loan borrowed less 3% to 4% in fees. Loan fees are assessed by the lender not North Carolina Wesleyan College. Are there any stipulations in using the federal loan program I should be aware of? Yes. You must meet enrollment eligibility requirements at the beginning of each semester. For part-time students, this is six semester hours of credit for disbursement of student loan funds. For this reason, NCWC is required to return your loan funds if you do not meet enrollment requirements. The federal government does not recognize that colleges may have short sessions within a semester. Therefore, Advantage students cannot meet enrollment requirements for a given semester by taking one class in Session A and a second in Session B. For example, if you are a part-time student taking classes in Raleigh in the Spring semester (January to early May), you must enroll in at least six semester hours of credit for courses that begin in January. If you only enroll in one class regardless of format, you will not be eligible for the student loan and NCWC will be required to return the loan funds to your lender. If you initially enroll for six semester hours at the beginning of a semester and then drop one or more credits, you will not meet eligibility requirements. NCWC will be required to return the total amount of the loan to the lender and you will be responsible to the College for the tuition amount. A few students may be approved for a loan mid-semester. If you receive loan funds mid-semester, please contact the Financial Aid Office for assistance in determining the time frame for you to enroll in six semester hours of credit. I am returning for a second bachelors degree, what financial aid am I eligible for? Unfortunately, you are not eligible for financial aid because you already have a bachelors degree. If I pursue a second undergraduate major or dual degree, can I get an extension on the time frame for repaying education loans from my first degree? Students enrolled in a second degree program may request an extension on the time frame for repaying loans. For details, contact your lender or the NCWC Financial Aid Office. What are the steps for securing financial aid as a Wesleyan student?
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Last modified by webmaster@ncwc.edu on
04/04/08 |
