Financial Aid Information

Incomplete Financial Aid.  If you have been awarded financial aid from Guilford College that is not showing up on your student account invoice, please use the worksheet enclosed with the invoice and write in the name of the fund and the amount. Deduct any aid not already deducted from your balance due when making your payment. The worksheet is also available as a downloadable form at our website, www.guilford.edu/busoffice. DO NOT DEDUCT WORK-STUDY AWARDS FROM THE BALANCE DUE AS THE FUNDS ARE PAID DIRECTLY TO THE STUDENT AS THEY ARE EARNED THROUGH A CAMPUS JOB. Your aid could change after your invoice is sent. In this case, you will be sent a revised Award Letter from the Office of Financial Aid. You may adjust your payment due based on the revised aid since time may not permit the Student Financial Services Office to send a corrected invoice.

Estimated Federal Pell Grants and Stafford Loans not received are shown as "Total Expected Financial Aid" on the Tuition Invoice. The actual amount of the student loan is approximately three percent less than the applied amount.  Any credit balances remaining on your account will be refunded within two weeks of the loan disbursement from the lender. Only refundable credit balances will be refunded to students. Estimated Federal Pell Grants will not be credited to your account until all required documentations are received in the Guilford College Office of Financial Aid. Failure to submit the above documents within 15 days of the start of classes MAY result in the cancellation of the Federal Pell Grant, and you will be billed the amount of the grant award at that time.

College Work-Study. If you have been allocated work-study funds, you should be reminded that this is an authorization to work - it is not a guarantee of employment. It is your responsibility to secure employment through the college's Student Employment Services. These funds are never credited to a student's account in the Student Financial Services Office, but are paid directly to the student each month based on the number of hours worked. If desired, students can have their paychecks directly deposited to a bank of their choice. One cannot count on work-study funds for the purchase of books and supplies at the start of school.

North Carolina Legislative Tuition Grant (NCLTG) is awarded to all degree-seeking students who are enrolled full time (12 credits), with no previous four-year degree and who have been legal residents of North Carolina for one year or more. If you believe you are eligible for this grant and have not received the credit on your invoice, you must complete the required Residency Questionnaire and return it to the Office of Financial Aid.

Your invoice may show NCLTG as part of the "Total Expected Financial Aid."  This means your form has not been received. Students who fail to submit the form by the first day of classes will have the expected award removed from their record, and will be billed for the amount that would have been paid by the NCLTG.

Bonner Scholar Grants are shown on your invoice as a credit in your financial aid, offset by a Holding Bonner charge. This charge reflects the 2 checks that will be issued to the student for their Bonner work. These checks will be issued to the student, when authorized by the Bonner Office, if the balance due has been cleared. If the student has a balance due, the Bonner checks may be used as payment toward that balance. Bonner checks cannot be released to the student until the balance is settled. Students will need to sign a release form, authorizing the Student Financial Services Office to use Bonner scholarships to settle account balance due.

Outside Scholarships and Loans.  A student who has been awarded any outside scholarships and loans must produce a letter of confirmation indicating the source of the money and the estimated date of payment. Make any corrections to the payment worksheet enclosed with the invoice. Please contact the Office of Financial Aid at 336-316-2354 with information about any additional scholarship or loan funds. Upon receipt of the letter the student's account will be credited. If the payment for the scholarship/loan is not received by the end of the semester, the student's account will be debited and payment is required from the student.

Please Note.  If your financial aid has been based on your status as a full-time enrolled residential student and you are granted permission to move off campus or your enrollment changes to less than 12 credits, your aid will very likely be revised.  If such changes occur, students should check with a student financial services counselor to determine if their aid will be affected.

Additional information regarding financial aid options at Guilford is available on the Office of Student Financial Services web page at www.guilford.edu/finaid.