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University of North Carolina, Chapel Hill

Carolina Covenant

For students with family incomes below 200% of the poverty level and who have ?limited assets,? after the family has covered any EFC, the program covers the entire remaining student budget with work-study and grant aid.
For students with family incomes below 200% of the poverty level and "limited assets". . .   2009-10 Estimated Student Budget
  After the family covers any EFC, the college assures enough work-study and grant aid to cover these expenses
Tuition & Fees $5,626
Books & Supplies $1,000
Room & Board $8,670
Transportation & Personal Expenses $2,128
Total Expenses:     $17,424   

About the Financial Aid Pledge (2009-10):

Who qualifies for the pledge (in addition to common requirements)?
Students from families with parent adjusted gross incomes below 200% of the poverty line and limited assets (considering only the parental income, not the student's income).

How is EFC determined and used?
Institutional Methodology. The family is expected to cover the EFC.

How much academic year work and/or need-based loans are included?
Approximately $1,700 in work-study and no loans, unless used to replace EFC or work.

Does the offer account for the full student budget?
Yes. It is also extended to out-of-state students.

How are outside scholarships handled?
Outside scholarships reduce work-study then grant aid.

For more information:
Carolina Covenant

About the Institution (2007-08):

    Location: Chapel Hill, NC
    Type: Public 4-year
    Undergraduate enrollment: 19,087
    Pell Grant recipients (a measure of low-income enrollment): N/A%
    Proportion of graduating seniors with student debt: N/A%
    Average debt: $N/A

Glossary

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