High Point University Financial Aid Terms and Conditions for Undergraduate Students
The Financial Aid Award Letter with the most recent date supersedes any previous award notice.
Aid programs are awarded for a full academic year but are distributed equally on a semester basis. Students who attend less than a full academic year cannot receive the full year’s award in one semester.
The awarding of additional merit-based or talent-based institutional aid after receiving your need-based award will reduce any institutional need-based aid previously awarded.
Students who receive need-based grant aid from High Point University will not be eligible for scholarship/grant aid above the cost of tuition. Any need-based aid will be adjusted to result in the total amount of institutional aid equal to or less than the cost of tuition.
Please note that eligibility for HPU’s need-based aid is determined for a student each year therefore it is not automatically renewable. Actual amount awarded varies from year to year based on available funds; awarding policies for that year; and student eligibility from the results of filing the annual Free Application for Federal Student Aid (FAFSA).
Students are eligible for merit scholarships and HPU Need Based grant awards for a maximum of 8 semesters. Number of semesters of eligibility is pro-rated for transfer students based on their class standing upon entering the institution.
Periodically throughout the year, High Point University may evaluate a student’s eligibility for named endowed scholarships which are awarded as recognition for your abilities and achievements based on the donor’s instructions. These scholarships have been provided to assist the University in staying within annual budget limitations in providing financial assistance to students. As a result, these endowed scholarships may replace current High Point University funds already in your award therefore will not increase your award total. In support of the University and to honor the donors who graciously give to HPU, students who are selected for these awards will be asked to write a letter of appreciation to the specific donor.
Changes in financial, marital or academic status; changes of academic program; change of residence (housing tier or on campus to off campus); or failure to comply with program guidelines and regulations could result in a revision to or cancellation of your Financial Aid Award.
The total of grant and scholarship funds from all sources (institutional, state, federal and outside/private) may not exceed the total of direct education costs (i.e., tuition & fees and room & board for residential students; or tuition & fees for off-campus students) plus books & supplies.
Students receiving High Point University funded aid programs must be enrolled full-time (12 hours per semester). Audit courses do not count toward full time hours.
Financial Aid recipients must be making Satisfactory Academic Progress and be in good academic standing with the university. Students who change their enrollment status (full time to part time) or withdraw from the university may not meet the standards of the Satisfactory Academic Progress Policy and could forfeit future financial aid. For more information on the Standards of Academic Progress or before dropping a class, please check with the Student Financial Planning Office.
Federal and state awards are contingent upon fund appropriations and their receipt by the University, and are subject to change during the academic year.
State funding is pending upon verification of a student’s residency and level of minimum enrollment, if these are not met then State funding cannot be awarded. Residency is determined by the State of North Carolina. Students must complete the Residency Determination online at ncresidency.cfnc.org/residencyInfo/homewithin 30 days of the start of the term to be eligible.
Financial aid funds will not officially post to the student’s account until after the drop/add period and final enrollment has been established.
Please note that if your aid package includes a work study award, that the funds from this program do not directly go to your account. Students earn the funding from the work study program on a bi-weekly basis and can apply their checks to their account but are not required to do so.
Students must notify the financial aid office of other financial assistance to be used to meet the cost of education at High Point University that is not listed on this Financial Aid Award Letter. The receipt of other assistance may result in an adjustment to this aid package according to federal and state regulations as well as institutional policies.