Scholarships, Grants, and Loans
We are pleased to offer the Algernon Sydney Sullivan Scholar Program at Guilford College, one of the original college/university campuses in the United States where the Algernon Sydney Sullivan Foundation created both a scholarship fund and an award program.
Algernon Sydney Sullivan was a lawyer, a spiritual and thoughtful leader, a noted philanthropist, a devoted family man and a courageous citizen during perilous times. Nobel character and traits related to ethical and moral values, including honesty, morality, ethics, integrity, responsibility, determination, courage and compassion are a must for those students who are selected for the Algernon Sydney Sullivan Foundation Scholarship. Students must show they serve the needs of others and the community.
This program offers a $10,000 renewable scholarship each year. As a Sullivan Scholarship recipient, you will also have the honor to attend one Social Entrepreneurship Retreat during each of your first and second years.
Expectations of Program
- During the first year, engage in a minimum of 80 hours of service work with a community partner with review and approval by the Guilford College designated faculty adviser.
- At the beginning of the second year, identify a social need or gap being experienced in the communities with which they worked that could be addressed through innovation and leadership.
- Upon review and approval by the faculty advisor, design an innovative program or tool that would address this social issue.
- Enroll in one of the classes that may support them as they engage in their program design.
- The program or tool will also include an ethical leadership context and framework.
- This consists of an understanding that everything a leader does is within an ethical context. Ethical decision-making is guided by the standards and values that reflect us "at our best."
- Ethical decision-making flows from a commitment to act in ways that promote fundamental values and principles such as equity, dignity, compassion, the lessening of suffering, and flourishing relationships and communities.
- Also, included is the ability to see a wide range of possibilities and adopt fresh approaches, for addressing an existing ethical challenge or preventing one from arising in the first place. The model includes three different levels where leadership can be demonstrated: individual, group and community level.
- This program will be led by the scholarship recipient but may be collaborative in nature, involving community members or students and faculty from disciplines that would enhance their social innovation project.
- In the third year, implement this program or tool.
- Toward the end of this year, conduct an assessment of the program or tool and make improvements.
- In the fourth year, continue the program or tool.
- In this year, ascertain options for sustainability and continuation of the program.
- Toward the end of this year, conduct a workshop or talk for fellow students and/or members of the greater community, to share their learning from this experience as an Algernon Sydney Sullivan Foundation Service and Ethical Leadership Scholar.
Guilford College is proud to be one of 27 colleges and universities in the country to have the Bonner College signature. Organized by the Bonner Foundation in Princeton, N.J., the program selects schools for participation based on their commitment to developing and supporting future service leaders of the world.
Guilford has 60 Bonner Scholars — 15 in each class. They are from all over the state, country, and world. Incoming first-year students are invited to apply for a Bonner scholarship. The selection process for these scholars is stringent. Students must first demonstrate, in the context of their application materials, an extraordinary commitment to service. A preliminary screening is based on financial need and academic record. A secondary screening is based on past service experience with a phone or in-person interview.
While this program offers considerable scholarship support, the focus of the program is the deliberate and coordinated support each scholar is given to provide 140 hours of service during the academic year and 280 hours for two of the summers during which they have the scholarship.
Bonner Scholars receive substantial grant and scholarship assistance to meet their financial need in full. The scholarship will pay for up to the cost of a double room and the Quaker 19 meal plan if need allows for it. This makes the Bonner Scholarship one of Guilford’s most generous scholarships and removes the financial barriers for many students to attend Guilford College.
Expectations of Bonner Scholars include:
- Involvement in community service programs for an average of 10 hours a week during the school year. Scholars will be allowed to choose from any number of service opportunities in the local community.
- Completing 280 hours of volunteer work during the summer. (This may be in the scholar's hometown or elsewhere.) There is flexibility in this expectation; scholars will work with the director of Guilford's Bonner Scholars Program to make sure that this is an opportunity and not a restriction.
- Participation in enrichment activities planned by the college and the Bonner Scholars.
- Arriving at school before freshman orientation to attend a special Bonner Scholars orientation.
- Regular meetings with other Bonner Scholars and Bonner Foundation liaison staff officers on the campus to facilitate the program's success.
Guilford offers an average of eight to 10 Quaker Leadership Scholarships to first year students each year. Students selected for QLSP receive financial awards renewable for four years. If financial need has not been already met by other awards, Guilford provides a grant of up to $3,500 for QLSP participation. In addition, Guilford will match up to $500 of assistance provided by a student’s Meeting.
All students are automatically considered for Quaker leadership scholarships based on their interest in the Religious Society of Friends, leadership and academic potential. Learn more about the Friends Center at Guilford, a collaborative endeavor between the school and the Religious Society of Friends.
Students whose parents, stepparents, grandparents or siblings graduated from Guilford College are eligible to receive a $1,500 Legacy Scholarship for four years.
Ready to stop searching and start matching to scholarship opportunities? With ScholarshipUniverse, the process of finding and applying to scholarships is now easier! Not only does this include outside scholarship but it also includes Guilford Endowed Scholarships. We’re proud to say that now you will be able to:
- Answer questions and match to scholarship opportunities for which you're eligible.
- Easily apply online to multiple scholarship opportunities through a personalized portal.
- Track application statuses.
- Be alerted whenever you are matched to new scholarship opportunities.
- Receive automated reminders about outstanding tasks and next steps.
There are a number of scholarship opportunities outside Guilford College. The following is a list of resources available to assist in your search. It's important to remember to protect yourself from fraud.
- Never pay to apply for or search for a scholarship.
- Review the third-party privacy policies of each search site to learn how they use your personal information and with whom they share it.
- Helpful information on how to avoid scholarship scams can be found here.
If you have any questions or concerns about a scholarship you have found, please do not hesitate to contact the Office of Financial Aid.
- 100 Black Men
- College Foundation of North Carolina (CFNC)
- FinAid - The Smart Student Guide to Financial Aid
- Golden LEAF Scholarship Program
- Jack Kent Cooke Foundation
- Peterson's Scholarship Search
- Student Loan Hero
- The Simple Dollar - College Scholarship Guide
- Triangle Community Foundation
Guilford College Merit Scholarships
The Nathan Hunt Scholarship is named after a principal founder of the New Garden Boarding School, now known as Guilford College. A man committed to social justice, his was a prominent voice in opposition to the institution of slavery in America. When many were giving up on the South, Nathan stayed in North Carolina, keeping the doors of Guilford College open when a school like ours may not have been the most popular and, because of him, Guilford College remains one of the oldest Quaker founded colleges in the South. As a minister, Nathan was a leader in the Quaker community.
When considering students for the Nathan Hunt Scholarship, we are looking for those who demonstrate the highest level of academic achievement while embodying the qualities that made Nathan one of the pillars of his community: creativity, integrity, perseverance and fortitude!
The J. Floyd “Pete” Moore Scholarship is named after Pete Moore, a 1940 graduate of Guilford College and an organizer extraordinaire. As a member of the Guilford community, it was his desire to make a Guilford College education available to all who wanted it. He was one of our 20th-century champions for wide-ranging diversity on campus. Never shy about bringing people together for the purpose of progressive conversations, he served as the coordinator of the Friends World Committee for Consultation Gathering at Guilford in 1967.
Students receiving this scholarship demonstrate an ability to connect their interest in world issues with their academic pursuits with excellence. We hope each of them finds an opportunity to connect with people who are different from them while pursuing their studies — and find personal growth in the process.
A Guilford faculty member from 1958 to 1979, Eugene Thompson had a passion for languages. He taught French, first-year Latin and a course in the universal language of Esperanto. He believed that if you want to have an impact on the lives of students, you must have proximity to them. Students remember him as a constant presence on campus, even after retirement, where he could be found in the library reading, doing research or simply spending time with Guilfordians.
Students receiving this scholarship demonstrate a strong ability and a distinct passion for connecting with others to find success. While interested in pursuing any number of majors while students here, these scholars also understand the importance of being great writers and speakers when you set out to be a world changer in your chosen field.
Clara Cox, Class of 1902, was a community activist from High Point, N.C., known for her dedication to fighting racism. She was particularly active in the Association of Southern Women for the Prevention of Lynching, and to honor her efforts to promote social and civic justice, a low-income housing project in High Point was named after her. She also served as minister of Springfield Meeting until her death in 1940.
Harriet Peck was a Quaker abolitionist and teacher from Rhode Island who served on the first faculty of New Garden Boarding School (1837-39). She actively spoke out against slavery, promoted free produce movement (goods from vendors who did not use slaves), distributed anti-slavery literature and illegally taught local African Americans on Sundays. Learn more about her through her letters, available in Hege Library’s Friends Historical Collection.
Nereus and Oriana Mendenhall were students in the early years of New Garden Boarding School (now Guilford College). Nereus, born in Jamestown, N.C., was an educator, doctor and legislator. He returned to the school to serve as the principal teacher for a number of years, most notably from 1860 to 1867, when the couple chose to remain in North Carolina during the U.S. Civil War to continue the school’s operation.
Nereus and Oriana had five daughters and raised them with a commitment to education. Nereus led the coeducational boarding school by offering advanced coursework in the same classroom for both men and women. Their daughter, Mary Mendenhall Hobbs, continued her family’s educational connections as an advocate for women’s access to higher education. (May Hobbs Residence Hall is named in her honor.) She was also the wife of Guilford’s first president, Lewis Lyndon Hobbs.
T. Gilbert Pearson, Class of 1897, is considered a founding father of the U.S. conservation movement because of his leadership in the 1905 founding of the National Audubon Society. Raised as a Quaker in central Florida, he arrived at Guilford needing to improve his writing skills but with a rich knowledge of birds. He offered his collection of bird eggs and specimens as initial payment to Guilford College, which President Lewis Lyndon Hobbs accepted. After graduating from Guilford in 1897, he completed graduate work at the University of North Carolina at Chapel Hill. He returned to Guilford to found the Biology Department, and later served on the faculty at the State Normal School (now the University of North Carolina at Greensboro).
Grants and Outside Aid
Students who complete and send in the FAFSA are eligible for consideration to receive Guilford College Need-Based Aid. In making these awards, we look at the expected family contribution (EFC) relative to the cost of attendance at Guilford. Students who are not eligible to complete a FAFSA should contact the Office of Financial Aid. We have an independent form that provides us with the same information.
NOTE: If you receive a scholarship from any source after being awarded the Guilford Grant, the grant may be reduced by the amount of the scholarship that was added to your award package. This can occur before, during or at the conclusion of any semester and will be adjusted at the time the Office of Financial Aid is notified of this additional scholarship.
These grants range from $1,300 to $13,300 depending upon the information received from the FAFSA form and other aid received. It is available to all students, but the College does have a February 15 priority deadline. That means that earlier applicants may get better aid packages. We hope this serves as an incentive to get your FAFSA completed as close to the October 1 availability date as possible!
Students from Guilford County, N.C., are eligible to apply for the Guilford College Say Yes to Education Scholarship Program. Students whose household family income is $75,000 or less will be considered for a grant from Guilford College equal to any remaining tuition costs not covered by scholarships and grants that come from other internal and/or external sources. Students with household family incomes greater than $75,000 will be considered for a Say Yes Choice Grant of up to $5,000 from the Guilford Say Yes Program.
By the Priority Deadline of March 1st, applicants must complete the following steps to be considered:
- Apply and get accepted to Guilford College
- Complete the Say Yes certification form
- Complete and submit the FAFSA with actual, not estimated, 2017 tax information
Since the Guilford Say Yes program began in 2015, roughly 70 students have received the Say Yes Grant or Choice Grant, getting an average of $4,253 in institutional aid from the College.
This is a federally funded grant to students pursuing their first bachelor’s degree who have a high financial need, as determined by the FAFSA. For the 2018-2019 academic year, the Pell Grant award ranges from $652 to $6,095.
This federal grant program is for students who receive the Pell Grant and have an exceptional financial need. The amount awarded can change each year. For 2018-2019 the average award was $500. The College has a limited amount we can award, so it's important to have your FAFSA filed as soon as possible if you think you qualify.
North Carolina residents who attend Guilford College may be eligible to receive the North Carolina Need Based Scholarship (NCNBS). To be considered, students must file the FAFSA and have and met the following criteria
- Expected Family Contribution (EFC) from the FAFSA of $15,000 or less,
- Maximum Adjusted Gross Income (AGI) = $155,000 regardless of EFC
- 3/4 time or full-time status
- A resident of North Carolina
- Satisfactory academic progress
For full consideration, you must complete your residency form with https://ncresidency.cfnc.org/residencyInfo/home
Types of Loans
The Federal Direct Loan is a low-interest loan with flexible repayment options you borrow from the federal government.
- Am I eligible? This loan is available to all undergraduate students who complete the FAFSA and meet basic eligibility requirements. No credit check is required.
- What is the interest rate? The interest rate for loans borrowed during the 2019-20 year is 4.51 percent. For Graduate students using an Unsubsidized loan, the interest rate is 6.08 percent. Both are a fixed rate, meaning it will never change from the moment you take out the loan. These interest rates are valid until June 30th, 2020.
- Are there different types of Federal Direct Loans? There are two types of Federal Direct Loans.
- With the first type, the government pays the interest for you during the times listed below. This is called a subsidized loan. TIP: Subsidized loans are always better than unsubsidized loans.
- While you’re taking at least six credits (or more) per semester (half-time)
- For the first six months after you leave school (a grace period)
- During a period of deferment (a postponement of loan payments)
- The other kind of Federal Direct Loan is when interest begins to accumulate from the moment Guilford receives the loan. This is called an unsubsidized loan. However, paying the interest is optional while you’re taking at least six credits per semester and the first six months after you leave school.
- With the first type, the government pays the interest for you during the times listed below. This is called a subsidized loan. TIP: Subsidized loans are always better than unsubsidized loans.
- How much can I borrow? The amount you can borrow each year depends on if you’re a freshman, sophomore, junior or senior.
- Freshmen can borrow up to $5,500 per year, with up to $3,500 subsidized
- Sophomores can borrow up to $6,500 per year, with up to $4,500 subsidized
- Juniors and seniors can borrow up to $7,500 per year, with up to $5,500 subsidized
- When do I pay back the loan? You don’t start paying back the loan until six months after you graduate or take fewer than six credit hours per semester (half-time).
The Federal Parent PLUS Loan is a loan that parents of undergraduate students can use to cover costs that aren’t covered by other forms of financial aid.
- Am I eligible? Guilford families come in many different shapes and sizes! Biological and adoptive parents of undergraduates are eligible to apply. Stepparents can also apply if they complete the FAFSA with their student. You just need to make sure your student has completed the FAFSA.
- Is there a credit check? Yes, but as long as you don’t have an adverse (negative) credit history within the past 5 years, chances are you will be approved.
- When do I pay back the loan? You can start paying back the loan while your student is in school, or you can wait until after they leave. As long as your student is enrolled for at least six credits per semester, it’s up to you.
- What is the interest rate? The interest rate for loans borrowed during the 2019-20 year is 7.08 percent. It’s a fixed rate, meaning it will not change from the time that the loan is disbursed. This interest rate is valid until June 30th, 2020.
- How much can I borrow? The Federal Parent PLUS Loan is meant to cover any remaining Guilford costs after the student’s scholarships, grants, and student loans. Need advice on how much you will need? Contact your Financial Aid counselor. We’re here to help!
Private student loans (also known as alternative loans) are loans you borrow from a private bank or lender, not the federal government. Unlike the Federal Direct Loan or the Federal Parent PLUS Loan, you don’t need to complete a FAFSA to apply. However, private lenders will vary in their interest rates, loan terms, and eligibility requirements. Carefully research each lender and the loans they offer to figure out which one is best for you. Guilford College has compiled a list of lenders for you to review at ELMSelect or Credible.