Tuition and Financial Aid
Major Changes in State-based Aid for N.C. Residents Planned for 2012-13
Guilford College students who are residents of North Carolina will experience significant changes in state-based financial aid as a result of cuts made by the N.C. General Assembly. These changes will be in effect for the 2012-13 academic year. Students who are N.C. residents should read the announcement carefully.
Guilford College’s priority date for filing the FAFSA is February 15th for all students. The FAFSA can be filed beginning January 1st, 2013 by going to www.fafsa.ed.gov. If you have any questions regarding the need-based application process, please contact the Student Financial Services Office at 336.316.2354. Students filing after this date are subject to a reduction in need-based aid based on availability of funds.
If you are weighing the benefits of a college education against the financial strain that it may cause, it‘s important to know that Guilford College is dedicated to removing financial barriers by assisting you in every way possible to achieve your education goals.
|Tuition for CCE Students for the 2012-13 School Year|
|Tuition per Credit||$321|
|Tuition per 4 Credits||$1,284|
|Tuition per 8 Credits||$2,568|
|Tuition per 12 Credits||$3,852|
|Tuition per 16 Credits||$5,136|
|Required Fees for All CCE Students|
*Includes fees for SGA, the Learning Commons and the Career Development Center.
|Athletic Facilities Usage Fee||$26.50|
|Motor Vehicle Registration|
|– For one academic year||$45|
|– For one semester only||$25|
|– Bicycle registration||$5|
|CCE Audit Fee (per credit)||$75|
|Senior Citizen Audit Fee (per course)||$50|
|Transcript Processing Fee||$10|
|Immediate Transcript Processing Fee||$20|
|Student Health Insurance Fall 2011 to Summer 2012||$3,703**|
|Student Health Insurance Spring 2012 to Summer 2012||$3,125**|
**Subject to change.
We make every effort, within the limits of our available financial aid resources, to assure that no qualified CCE students will be denied the opportunity to attend Guilford College simply because they lack adequate funds. Fortunately, financial assistance is available in a variety of forms from federal and state government resources to help students who meet academic and financial need requirements.
Please contact (336) 316-2176 if you have financial aid questions.
Provides financial aid for Continuing Education students at Guilford College, with preference given to women who are working and/or raising families.
provides assistance to Guilford College students who have exhibited outstanding academic ability and who have a demonstrated financial need, with preference to students from Rockingham County, N.C. This fund is limited and awarded on a first-come, first-served basis.
The Scholastic Excellence Award (SEA) is awarded to outstanding CCE transfer students who are working toward their first bachelor’s degree. Applicants must transfer to Guilford College with a minimum of 24 semester hours of transferable college credit and a minimum grade point average of 3.25 from each previous institution attended. Award recipients must carry a minimum course load of eight semester hours. Awards of up to $1,000 per semester are made with special consideration given to those who demonstrate financial need.
It is recommended that students first complete the Free Application for Federal Student Aid (FAFSA) and then consult with CCE staff or a Student Financial Services counselor. Guilford’s Federal Code number for use on the FAFSA is 002931. Based on that application, the Office of Student Financial Services will determine your eligibility for scholarships and subsequently will make that award part of your financial aid award letter.
North Carolina residents who attend Guilford as fulltime students or three quarter students may be eligible for the new NC Need-Based Scholarship. Legal residents of North Carolina with EFC’s (Expected Family Contribution) of $15,000 or less and meet the eligibility criteria of the Federal Pell Grant Program are eligible for the scholarship. Individual grant amounts will vary according to the EFC of students who complete the FAFSA. Funding is determined on a year to year basis by the North Carolina State Legislature.
Federal Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added. A Pell Grant, unlike a loan, does not have to be repaid. The maximum Pell Grant award for the 2012-13 award year (July 1, 2012 to June 30, 2013) is $5,550.
The amount you get, though, will depend not only on your financial need, but also on your costs to attend school, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less. You may receive up to two consecutive Pell Grant awards during a single award year to accelerate your program toward your degree. You must be enrolled at least half-time and in a program that leads to an associate or bachelor’s degree or certificate.
First, complete the Free Application for Federal Student Aid (FAFSA). Guilford’s Federal Code number for use on the FAFSA is 002931. Based on that application, Student Financial Services will determine your eligibility for a Pell Grant and subsequently will make that award part of your financial aid award letter.
Federal Stafford Loans, both subsidized and unsubsidized, are available through the Federal Direct Loan Program. Students who apply for Federal Stafford Student Loans must be matriculated, degree-seeking candidates enrolled at least half-time (six credit hours) per semester. Federal regulations specify that federal aid recipients must be U.S. citizens, U.S. nationals or eligible non-citizens.
The subsidized Stafford Loans are need-based, and the government pays the interest on these loans while the student is in school, during a six-month grace period immediately preceding repayment and during authorized deferment. The unsubsidized Stafford Loans are not need-based, and the student is responsible for all of the interest that accrues on the loan, including while in school.
A half-time student enrolled with at least six credit hours will be eligible for a specific amount of Federal Stafford Loans each academic year based on their grade level and dependency status. Below are the borrowing limits:
|Grade Level||Dependent Student||Independent Student|
|Freshman (0-23 Credits)||$3,500 plus $2,000 Unsubsidized||$3,500 plus $6,000 Unsubsidized|
|Sophomore (24-55 Credits)||$4,500 plus $2,000 Unsubsidized||$4,500 plus $6,000 Unsubsidized|
|Junior (56-87 Credits)||$5,500 plus $2,000 Unsubsidized||$5,500 plus $7,000 Unsubsidized|
|Senior (88+ Credits)||$5,500 plus $2,000 Unsubsidized||$5,500 plus $7,000 Unsubsidized|
First, complete the Free Application for Federal Student Aid (FAFSA). Guilford’s Federal Code Number for use on the FAFSA is 002931. Based on that application, Student Financial Services will determine your eligibility for either a subsidized or unsubsidized Stafford Loan and subsequently make that award part of your financial aid award letter.
In order to accept any Federal Stafford Loan money in your financial aid award package, you must:
- Sign on to Banner Web
- Click the Financial Aid tab
- Go to “Award”
- Go to “Award for Aid Year” and select 2012-13
- Click on “Accept Award Offer”
At this point, you will accept, decline or adjust the amount of your Federal Stafford Loan. From Banner Web, you can follow the link to www.studentloans.gov where you can sign your promissory note and Loan Entrance Counseling. Your subsidized and unsubsidized Stafford Loans WILL NOT process if you do not complete these steps.
Federal Perkins Loan Program offers student loans with an interest rate of 5 percent to CCE students who are currently employed in the field of law enforcement. Loans must be repaid within 10 years. Payments begin nine months after the student leaves Guilford College or falls below half-time status. While you are in school at least half-time and during your six-month grace period, interest will not accrue and no payments are required. Following the grace period, the student will be billed on a monthly basis for the Perkins Loan. Deferments and extensions may apply under certain circumstances.
The first step is to complete the Free Application for Federal Student Aid (FAFSA). Guilford’s Federal Code number for use on the FAFSA is 002931. Based on that application, Student Financial Services will determine your eligibility for a Perkins Loan and subsequently will make that award part of your financial aid award letter. Along with the award letter you will receive a Federal Perkins Loan information sheet and request form. You must then complete and return the Perkins Loan Request Form. From that form we start the loan process. You will receive a Perkins Promissory Note from the lender. Your loan proceeds will not transfer to Guilford College until that promissory note has been signed and returned to your lender.
Guilford College is pleased to be able to make available several third-party options for loans after students have looked into the federal loan programs. These loans are provided by banks and lending institutions and carry reasonable interest rates and repayment plans. They can be used to pay any balance due on a student’s account up to the difference between the financial aid awarded and the student’s budget.
Visit ELMSelect for a list of lenders for alternative loans. There, you can do a comparison of loans and apply for your chosen loan online. When you have completed the online application with the lender, they will notify Guilford College to certify the loan. We will then adjust your financial aid package and send you an amended award letter that will include the anticipated funds from your loan.
For More Information
If you have questions regarding financial aid, please contact Student Financial Services at email@example.com or (336) 316-2354.
Default and Overpayment Status
Guilford College follows federal and state guidelines concerning students who are in default on previous student loans or in overpayment with the Department of Education. Institutional aid, as well as, Federal and State, will not be awarded until default and/or overpayment status is cleared.
Default is defined as being delinquent more than 270 to 360 days with payments for a loan that is currently in repayment status with the Department of Education.
Overpayment is defined as having received an excess of financial aid funds from the Department of Education.
In either case, the student should contact the Department of Education’s Default Resolution Group at 1-800-621-3115.