ADULT DEGREE PROGRAM
FREQUENTLY ASKED QUESTIONS
FINANCIAL AID & TUITION
(NCWC's FAFSA Title Code: 002951)
When is my tuition due?
What payment methods are
available?
What are the general eligibility
requirements for financial aid?
What financial aid is available to me as a
student in the Adult Degree Program (ADP)?
Am I eligible for Federal Pell
Grants?
What is the North Carolina Legislative Tuition Grant (NCLTG)?
What loan programs might I be
eligible for?
Are there any fees in the student
loan program?
Are there any stipulations in using the federal loan program I
should be aware of?
May I use Veterans Administration Benefits at NC
Wesleyan?
Whom do I contact at NC Wesleyan
about financial aid?
Do I have to apply for financial
aid each academic year?
What is North Carolina Wesleyan’s Title IV college
code for the FAFSA?
I am returning for a second bachelor’s degree, what
financial aid am I eligible for?
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?
What are the steps for securing
financial aid as a Wesleyan student?
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 any North
Carolina 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?
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You must be a US citizen or an eligible non-citizen.
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Be officially accepted as a degree seeking student at North
Carolina Wesleyan College.
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Maintain satisfactory academic progress in a major course of
study.
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You must not be in default on an educational loan or owe a refund
on a grant received for attendance at any post-secondary institution.
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You must have a FAFSA on file.
Please Note: To be fully accepted as a Wesleyan student, the
college must have received and evaluated all official 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.
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Federal Pell Grant. In order to qualify for a Pell
Grant you must complete the FAFSA form and be determined eligible by
the federal government.
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North Carolina Legislative Tuition Grant (NCLTG).
Eligibility requirements for the NCLTG include completion of at
least 12 credit hours per semester and North Carolina residency.
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The student loan programs provide long-term, low interest loans
that must be repaid by the borrower.
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.
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.
NCLTG Application
(Required Adobe Acrobat)
What loan programs might I be eligible for?
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Federal Subsidized Stafford Loan Program: Banks, savings and
loans, and credit unions provide long-term loans guaranteed by the federal
government to students demonstrating financial need and who are enrolled at
least half-time (six semester hours) at the beginning of the semester.
Freshmen (students who have earned 0-23 credits) can borrow up to $3500 per
year; sophomores (students who have earned 24-47 credits) up to $4500 per
year; juniors and seniors (students who have earned 48+ credits) up to $5500
per year. The interest rate is variable but capped at 8.25%. Repayment and
accrual of interest begin six months after the student ceases to be enrolled
at least half-time (six semester hours per semester).
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Federal Unsubsidized Stafford Loan Program: Conditions of the loan are
the same as those for the Federal Subsidized Stafford Loan except that
students are responsible for interest during in-school and deferment periods.
This loan program is available to students regardless of financial need.
Annual loan limits are $4000 for freshmen and sophomores and $5000 for juniors
and seniors. The interest rate is variable but capped at 8.25%. You must be
enrolled in a minimum of six hours of credit to be eligible for the loan.
Dependent students must have a parent with a denied Parent Plus loan
before being eligible for this loan.
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 the Triangle 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.
May I use Veterans Administration Benefits at NC Wesleyan?
Yes. You should contact your local VA office at
1-800-827-1000 or
www.va.gov 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 Assistant Director at (919) 736-2312.
Whom do I contact at NC Wesleyan about financial aid?
You should contact the Financial Aid Office on campus at
(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 sent a Renewal Free Application for Federal Student Aid (Renewal
FAFSA) by the federal government. You should receive the Renewal FAFSA
between the end of December and the end of January. Review the information
on the Renewal FAFSA for accuracy, making any necessary changes, and mail
the application to the processing center in the envelope provided. If you do
not receive the Renewal FAFSA you should complete a new FAFSA application,
which you can get from the Financial Aid Office. For the North Carolina
Legislative Tuition Grant you must complete a new application each year.
What is North Carolina Wesleyans Title IV college code for the
FAFSA?
NCWCs code used on the FAFSA is 002951.
I am returning for a second bachelors degree, what financial
aid am I eligible for?
Students enrolled in programs to receive a second bachelor's
degree at NCWC have the opportunity to fund their educational expenses
through student loans.
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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You must be fully accepted as a degree-seeking Wesleyan student.
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Complete a Free Application for Federal Student Aid (FAFSA) as soon after
you decide to attend college as possible. You must complete this application
every year in which you plan to receive federal funds. Applications are
available at the NCWC Financial Aid Office or online at
http://www.fafsa.ed.gov.
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Determine the classes you can take to be eligible for financial aid. You
may wish to talk with your academic advisor. You also need to make certain
that the beginning and ending dates of the ADP classes you will be taking fit
into the semester dates required for grant and loan eligibility.
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Within six to eight weeks after filing your FAFSA, you and the college
will receive a Student Aid Report (SAR) based on the information you reported
on your FAFSA. Review the SAR carefully for possible errors. If corrections
are needed, notify the Financial Aid Office, which will be able to process the
corrections electronically.
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The Financial Aid Office will determine if additional forms are required,
such as a verification worksheet or federal income taxes.
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Once all requested documentation has been received the Financial Aid
Office will determine your financial need and eligibility. If you are eligible
for financial aid, you will be sent a financial aid award package. The
financial aid award package will indicate grants you have been awarded and
specify your eligibility for student loans.
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Sign the financial aid award letter and return it along with any required
applications to the Financial Aid Office. Financial aid will not be credited
to your account until you have returned your signed award letter and your
financial aid file is complete.
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Register for classes. (See previous section on stipulations.)
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Make sure you keep copies of all financial aid documents you receive.
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