The State of North Carolina provides scholarship assistance to needy North Carolina students attending private post-secondary institutions. The Guilford Opportunity Alternative Loan is available to high-need North Carolinians as an alternative to borrowing from multiple Federal loan sources. Federal Grants and Loans Guilford College administers the Federal Pell Grant Program. 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.