Major Changes in State-based Aid for N.C. Residents Planned in 2012-13
Guilford students who are North Carolina residents will experience significant changes in state-based financial aid as a result of cuts made by the N.C. General Assembly.
Beginning in the 2012-13 academic year, the following scholarships and grants will no longer be available:
- N.C. Legislative Tuition Grant (NCLTG)
- N.C. Contractual Scholarship Funds (NSCF)
- N.C. Lottery Scholarship
In their place will be a single need-based scholarship, yet to be named. The budget for this scholarship is limited, and the funds will be awarded on a first-come, first-served basis.
The N.C. General Assembly made $35 million in cuts to state funding for independent colleges and universities across the state. These cuts were part of $925 million in funding cuts for education, including for public universities.
What does this mean for current and prospective Guilford students?
- Most importantly, it is imperative that students file their FAFSA as soon after
Jan. 1, 2012, as possible, even if they have not yet applied or been accepted.
- Students may file the 2012-13 FAFSA starting Jan. 1 at www.fafsa.ed.gov .
- Students may use estimated 2011 income and asset information if necessary.
- If estimated information is used, corrections must be made to the FAFSA once the 2011 federal tax return is filed.
- Corrections can be made online or by contacting a Student Financial Services counselor at Guilford.
If you have any questions, please contact your Student Financial Services counselor.