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. The Federal Pell Grant Program is administered by Guilford College. 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. FDSL loans are federally-funded and insured. A completed Free Application for Federal Student Aid serves as the official application for a Federal Direct Student Loan. If an FDSL is awarded, it will be included on the Financial Aid Award and Agreement and an official Promissory Note will be issued. In order to receive the loan, simply sign and return the award letter and complete and return the Federal Direct Student Loan Promissory Note.