Need is not a determining factor. The student must be an undergraduate enrolled for 12 or more credits on October 1 for the fall term and on the 11th day of the spring term. The State of North Carolina provides scholarship assistance to needy North Carolina students attending private post-secondary institutions. Application for a Pell Grant is made via the Free Application for Federal Student Aid. The Federal Perkins Loan Program offers loans to be repaid within 10 years with an interest rate of five percent.
Payments begin six months after the student leaves school.
Deferments may be granted with no interest to be charged for up to three years for a variety of postgraduate study and working experiences. Federal Stafford Student Loans Guilford College participates in the Federal Stafford Student Loan Program. Federal Stafford loans are federally funded and insured. A completed Free Application for Federal Student Aid serves as the official application for a Federal Stafford Student Loan. If a Federal Stafford loan is awarded, it will be included on the Financial Aid Award and Agreement and an official Promissory Note will be issued.