The Federal Pell Grant Program provides need-based grants to low-income undergraduate students to promote access to post secondary education. For many students, the Pell grant is the cornerstone of their financial aid package. To be considered for this grant, students must fill out the FAFSA .
Federal grant program for undergraduate students with exceptional need and can be awarded from $500 to $1,500 per year. To be considered for this grant, students must fill out the FAFSA.
The TEACH grant program provides additional funding to students who are interested in careers in Teaching. This is a grant which requires certain conditions to be met to avoid repayment. If recipients do not complete their service obligation, all amounts of the TEACH Grants will be converted to a Federal Direct Unsubsidized Stafford Loan and repaid to the U.S. Department of Education. For more information please visit studentaid.ed.gov/sa/types/grants-scholarships/teach
Teaching Service Obligation – As a TEACH Grant Recipient, you must agree to:
Steps to Apply
Created by the 2011 North Carolina General Assembly, this is a need-based program for NC residents attending private institutions of higher education located in North Carolina
Applicant must meet the following eligibility requirements:
Award amounts vary depending on the EFC and ranged from $1,100 to $7,740 during the 2018-2019 academic year.
Applicants must complete the FAFSA, listing at least one qualifying private North Carolina institution. Consideration for the grant is automatic once the FAFSA is filed.
The grant will appear on your financial aid award letter and to receive the grant you must complete the questionnaire on the Residency Determination System (RDS) website for the State of North Carolina at ncresidency.cfnc.org/residencyInfo/home.
The RDS will ask students (and parent(s) or spouse as applicable) to provide their social security number as an identifier to be able to verify information with federal and state agencies to determine residency status. You will also be asked to provide residence information, federal and state tax return information, vehicle registration and driver’s license information. Once you start the RDS interview you will have 25 days to complete the interview, otherwise it will be cancelled and you will have to start again. Once the interview is complete the system will immediately let you know whether or not you have NC residency status. You will also receive a Residency Certification Number (RCN) that is a unique 10 digit identifier that serves as proof that you have completed residency determination. Once you have a determination made through the RDS website, it will last as long as you remain continuously enrolled at High Point University and continue to demonstrate need to receive the NC Need-Based Scholarship. You will no longer have to do this every year.
High Point University awards need based grants based on financial need as determined by the FAFSA, student’s academic profile, and amount of other institutional, federal, state or outside scholarships and grants awarded to the student. Many of these monies are funded by endowed scholarships made possible by our many gracious donors.
Every student who applies and is accepted for admission at High Point University will be considered for merit-based scholarships. These scholarships are generally renewable provided that the student maintains a designated minimum grade point average. To be considered for these scholarships, applicants must submit their application for admission, high school transcript and SAT or ACT scores to the Admissions Office by December 1st for priority consideration and January 1st for general consideration.
Please visit the Presidential Scholarship Program on the Admissions webpage for more information.
Policies Associated with Merit Aid
Students that received either the Boy Scout Eagle Award or the Girl Scout Gold Award are eligible to receive a $1,000 scholarship per school year. A copy of the scout award needs to be submitted to your Financial Planning Counselor. Once the documentation is received the scholarship will be added to your financial aid award for current and future terms (up to 8 semesters).
There are many other opportunities for scholarships through academic offices and student organizations once you have joined our student body.
High Point University is affiliated with the United Methodist Church. A number of scholarship and loan programs are available to students who are members of a United Methodist Church. Funding is not guaranteed, so early applications are strongly encouraged.
The United Methodist Higher Education Foundation provides $1,000 matching scholarships to United Methodist students through their United Methodist Dollars for Scholars program (UMDFS). Scholarships are available to students who have received at least a $1,000 scholarship from their local United Methodist church to aid in their attendance to a United Methodist college, university or seminary. Eligible applicants can apply for additional matching funds through the Triple Your Dollars or Quadruple Your Dollars components of the UMDFS. For more information and to access the scholarship application, please visit the United Methodist Higher Education Foundation website. You may also be eligible to receive a scholarship from the General Board of Higher Education & Ministry through the United Methodist Church. The application deadline is March 1st each year and includes an array of potential opportunities.
This program is dedicated to helping students from rural communities in North Carolina attend college. For complete information please visit the Golden LEAF Scholars Program website.
High school seniors or community college transfer students planning to attend any of the participating colleges or universities who reside in a qualifying county and demonstrate financial need. Recipients are selected based upon multiple factors including grade point average, financial need, length of residence in the county and the ability to communicate a commitment to returning to a rural county that is economically distressed.
How to apply
Visit CFNC.org/goldenleaf to fill out the application form or call 866-866-CFNC for assistance. Your FAFSA, application, and transcripts are all processes through CFNC.org and must be submitted by March 1st each year.
Golden LEAF Scholars Leadership Program
Students awarded Golden LEAF Scholarships are also eligible to participate in the Golden LEAF Scholars Leadership Program (subject to funding availability). The optional program provides:
There are a number of helpful scholarship search links for outside scholarships. However, you should not limit your scholarship search to these sites. Local clubs, foundations, and religious institutions (i.e. churches, synagogues, etc.) are excellent sources of scholarships, and you should pursue every opportunity for funding. Most of these organizations require either the student or parent to be a member of the organization before scholarships can be awarded, but not all of them have this requirement. Please make sure you pursue the opportunities available to you. However, please be sure these organizations do not charge you a fee for applying, as this is the hallmark of a scholarship scam! You must build a profile to search for scholarships on most scholarship search websites.
If you receive a scholarship from any source outside the University, you are required to notify the Office of Student Financial Planning so that these funds can be incorporated into your financial aid package.
The scholarship check should be made payable to High Point University and should have the Recipient’s Name and HPU Student ID in the “For” section of the check. Outside donors should mail scholarship checks to this address:
Office of Student Accounts
High Point University
One University Parkway
High Point, NC 27268
A loan is financial assistance that enables students and parents to borrow money from the federal government or private lenders. These loans must be repaid. Borrowers are responsible for signing a Master Promissory Note for each loan program, which is a binding, legal document through which the borrower agrees to repay the loan. To be considered for any of these loans, students must fill out the Free Application for Federal Student Aid (FAFSA) online at https://studentaid.ed.gov/sa/fafsa.
A federal student loan, made through the William D. Ford Federal Direct Loan Program, for which eligible students and parents borrow directly from the U.S. Department of Education at participating schools. Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans and Direct Consolidation Loans are types of Direct Loans. This chart gives the annual limits of the Direct Subsidized and Unsubsidized Loans by student type:
Freshman Sophomore Junior Senior Lifetime Limit
Dependent Students: Subsidized Loans $3,500 $4,500 $5,500 $5,500 $23,000
Unsubsidized Loans $2,000 $2,000 $2,000 $2,000 $34,500
Total Amount $5,500 $6,500 $7,500 $7,500 $57,500
Independent Students: Subsidized Loans $3,500 $4,500 $5,500 $5,500 $23,000
Unsubsidized Loans $6,000 $6,000 $7,000 $7,000 $34,500
Total Amount $9,500 $10,500 $12,500 $12,500 $57,000
Subsidized Direct loans are loans based on financial need for which the federal government pays the interest that accrues while the borrower is in an in-school, grace, or deferment status. Unsubsidized Direct loans are loans for which the borrower is fully responsible for paying the interest regardless of the loan status. Interest on unsubsidized loans accrues from the date of disbursement and continues throughout the life of the loan. Repayment for these two loans begins after graduation or when the student drops below part-time. The student has up to 10 years to repay these loans.
To accept, decline or accept part of the federal direct loans you are offered you will need to complete a Federal Direct Student Loan Form. In order to receive funding from the Federal Direct Subsidized/Unsubsidized Loan program, you must go to studentloans.gov to complete Entrance Counseling and sign a Master Promissory Note (MPN). Both of these must be done before funds will be released from the federal loan center. These steps are explained in detail in steps 1 and 2 on the Federal Direct Student Loan Form.
A loan made by the U.S. Department of Education to parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest regardless of the loan status. PLUS stands for Parent Loans for Undergraduate Students. They are low-interest loans for credit-worthy parents of undergraduate students. For more information please visit studentaid.ed.gov/sa/types/loans/plus
For Parent and Student:
* US Citizens or eligible Non-US Citizens
* Not in default on prior educational loans
* Borrows on behalf of the dependent student and is responsible for loan repayment
* Meets federally defined creditworthiness standards
* Enrolled in at least half time (6 credit hours for undergraduate students)
* Meeting Satisfactory Academic Progress (SAP) requirements
For more information on these loans please visit the Federal Student Aid website. Please Note: An origination fee will be charged on each loan that will be deducted from the loan before disbursement. Also students who are non-degree seeking or who are seeking teacher certification after graduation are only eligible for alternative loans in most cases.
If your financial assistance package does not cover your expenses, you have the option of applying for an alternative or private (nonfederal) student loan. Some private lenders offer credit-based loan programs to creditworthy students and/or students with creditworthy cosigners. Interest rates, loan fees and other specifics of such loans should be carefully evaluated. Before pursuing private alternative loans, students and parents should ALWAYS pursue Federal loans first; if additional funding is needed, students should consider Federal PLUS Loans for Parents or the tuition payment plan before pursuing alternative loans.
If students decide to use private alternative loans, they must apply for these loans in enough time for them to use the funds to pay the High Point University charges by the due date. Private alternative loan lenders will require a creditworthy cosigner. This can be a parent, another adult relative, or other person who meets the lender’s requirements for the loan. A cosigner will be responsible for the loan if the student does not pay it back. Students who apply for a private alternative loan must complete a Self-Certification Form and submit it to the lender prior to loan approval.
The Office of Student Financial Planning will assist families in understanding and pursuing this lending avenue but cannot be responsible for the actual application. Below are several common private lending options utilized by High Point University students and families. Utilize the link provided to find out specific information and complete an on-line application if interested.
Because of the uncertainty of the current credit markets and the inability of certain lenders to secure private alternative loan funding, the pool of lenders willing and able to make private alternative loans is shrinking.
In order to consider a private alternative loan as payment toward the Student Accounts bill, the student must have received final approval from the lender. Processing time varies from lender to lender, but the average approval time is two to four weeks if everything is submitted in a timely manner. Be sure to allow enough time for processing.
Please refer to our Code of Conduct regarding Educational Loans.
Click below to easily compare and apply for Alternative Loans: