Paying for College, A Guide for UNCG Students and Families
This video is about scholarships and grants. You will learn: – The difference between a scholarship and a grant – The importance of the FAFSA when seeking scholarships and grants and where to find more information about available scholarships and grants.
As a rule, scholarships are awarded based on a student’s academic or other achievements. This type of award is merit-based.
Grants typically are awarded based on financial status. This type of award is need-based. Sometimes aid is based on a combination of merit and need. Whatever the case, scholarships and grants are attractive to students and families because, unlike loans, they don’t have to be repaid.
The Free Application for Federal Student Aid, also known as the FAFSA, is a common first step for students trying to identify sources of money for college. By evaluating a student’s comprehensive personal and financial information, the FAFSA determines a student’s eligibility to receive federal Pell Grants. In addition, students who direct their FAFSA information to be shared with UNCG will automatically be considered for need-based UNCG and state aid. No further action is required!
Grants and scholarships can come from many places. Besides your university and federal and state offerings, explore what’s available through employers, churches and community organizations. Private corporations and nonprofits alike sometimes offer aid. The College Foundation of North Carolina and the UNCG Financial Aid Office each have collected award information online. These excellent resources are available at cfnc.org and gia.uncg.edu/searches.
UNCG also offers some merit-based assistance. Each year, a limited number of entering UNCG freshmen receive a Blue and Gold Scholarship. These highly competitive awards recognize exceptional academic ability and can include full tuition, fees, room and board.
The UNCG Guarantee scholarship program allows eligible high-achieving, low-income students to graduate from the university with little or no debt with the help of a financial aid package and academic support. In addition, some UNCG academic departments award scholarships. These typically require a separate application, and students may contact departments directly to learn more. More information about these opportunities is available on the UNCG Undergraduate Admissions cost and aid page at admissions.uncg.edu.
Tracking down grants and scholarships is work, but it can be worth the effort. Even small awards can add up to cover books, gas, spending money and more.
Let’s review what you’ve learned:
– Scholarships are based primarily on achievement while grants are based on need.
– Filing the FAFSA means automatic consideration for need-based aid at many levels.
– There are many sources of scholarships and grants, and even small awards can be a big help.
UNCG wants you to succeed in your goal of earning a college degree. The UNCG Financial Aid Office website is a great resource, and our financial aid officers invite students and families at any stage of the college application and financial aid process to call or visit to learn more..
As found on Youtube