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North Carolina State University
Pack Promise
For students with parental incomes below 150% of the poverty level and ?limited assets,? after the family covers the EFC (if any), the program covers the entire remaining student budget with work-study, not more than $2,500 in loans, and grant aid.| For students with parental incomes below 150% of the poverty level and "limited assets". . . | 2009-10 Estimated Student Budget | ||||||||||
| After the family covers EFC, the college assures enough work-study, grant aid, and no more than $2,500 in loans to cover these expenses |
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Total Expenses: $16,028
About the Financial Aid Pledge (2009-10):
Who qualifies for the pledge (in addition to common requirements)?
Students from families with limited assets (not defined) and with parental incomes at or below 150% of the poverty level.
Students from families with limited assets (not defined) and with parental incomes at or below 150% of the poverty level.
How is EFC determined and used?
Federal Methodology determines eligibility for the program and is used to calculate parent and student contributions. There is no standard expected contribution from the student other than the self-help expectation included in the aid package.
Federal Methodology determines eligibility for the program and is used to calculate parent and student contributions. There is no standard expected contribution from the student other than the self-help expectation included in the aid package.
How much academic year work and/or need-based loans are included?
After maximums of $1,500 in work and $2,500 in loans, the remaining financial need is covered by grants.
After maximums of $1,500 in work and $2,500 in loans, the remaining financial need is covered by grants.
Does the offer account for the full student budget?
Yes. It is also extended to out-of-state students at the out-of-state budget level.
Yes. It is also extended to out-of-state students at the out-of-state budget level.
How are outside scholarships handled?
Outside scholarships generally reduce loans and work before reducing grant aid.
Outside scholarships generally reduce loans and work before reducing grant aid.
Are there other important restrictions?
Students must apply by March 1. The pledge is limited to nine semesters of enrollment.
Students must apply by March 1. The pledge is limited to nine semesters of enrollment.
About the Institution (2007-08):
Location: Raleigh, NCType: Public 4-year
Undergraduate enrollment: 27,606
Pell Grant recipients (a measure of low-income enrollment): 15%
Proportion of graduating seniors with student debt: 49%
Average debt: $14,996
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