Financial Aid for Undergraduates
GRANTS: A grant is "gift aid", an award that you do not have to repay. 9-11 hours = 75% In some cases your Pell grant may be eliminated if you are enrolled less than full-time. Check with the financial planning office before you change your hours if you have any questions. The Federal Supplemental Educational Opportunity Grant (SEOG) is a grant program based on students with exceptional need. In order to qualify for this program students must be eligible for a Pell Grant, apply very early, and meet certain other requirements in order to be considered. You must be enrolled at least half-time (6 hours) each term or you will lose eligibility for this grant and any funds you receive will have to be repaid. The State Student Incentive Grant (SSIG) is awarded to students with exceptional need. These funds are awarded by North Carolina; priority is given to students who complete their FAFSA early - March 15 deadline. The North Carolina State Contractual Scholarship Fund (SCSF) is sometimes available to students who are a legal resident of North Carolina and have demonstrated financial need. You must be a degree-seeking student and be making satisfactory academic progress. The award amounts vary depending upon the students need and availability of funds. WORK STUDY: The Federal Work Study Program provides students with part-time employment. Eligibility for this program depends on financial need and the availability of funds. Students earn minimum wage and are paid monthly for the number of hours they worked. Work schedules and positions are determined each term and should never conflict with class schedules. Work schedules and positions are determined each term between the student and the supervisor. (Resident Advisors are not awarded work study.) LOANS: Student loan programs offer long-term low interest loans. You must repay these awards. You must be enrolled at least half-time (6 undergraduate hours, 3 graduate hours, 4 divinity hours) each semester to qualify for student loans. Repayment for Stafford Loans begins six months after you graduate, withdraw, or drop below half time. First-time Stafford Loan Recipients at Gardner-Webb must complete "Entrance Counseling" before funds are disbursed. Recipients must also complete a Master Promissory Note. (You can do this online with most lenders.) The Federal Subsidized Stafford Loan is based on financial need as well as annual and aggregate (overall) loan limits. Funds from this loan are disbursed each term according to your award notification and promissory note requirements. Interest on this loan does not accrue during eligible periods of enrollment and certain grace periods. The Federal Unsubsidized Stafford Loan is based on the cost of education as well as annual and aggregate (overall) loan limits. Funds from this loan are disbursed each term according to your award notification and promissory note requirements. Interest on this loan begins to accrue as soon as you receive it. It is possible to receive both subsidized and unsubsidized loans in the same period. The Federal Perkins Loan is available to students with exceptional need. Repayment for this loan begins nine months after graduation or after you cease to be enrolled at least half-time (6 hours). The loan has an interest rate of 5%. Award amounts range from $1,000 - $2,000 depending upon the availability of funds. The Federal Parent Loan for Undergraduate Students (PLUS) is available to parents of dependent undergraduate students. Parents may borrow up to the cost of attendance minus all other financial aid. The repayment period begins within one or two months after the loan is fully disbursed. If this loan is denied for credit reasons the student may be eligible for additional unsubsidized loan funds. We are happy to provide you with a list of recommended lenders and more PLUS loan information on our site.
A Federal Pell Grant is an entitlement program that is based on financial need. The amount of your Pell Grant is determined by the Federal government based on the cost of enrollment at GWU and the information you provided on your FAFSA. To receive the Pell grant listed on your award letter, you must be enrolled full-time (at least 12 hours) for each term shown. If you enroll less than full time your grant will be reduced or eliminated. Pell grants are usually prorated as follows:
6-8 hours = 50%
1-5 hours = 25%
The North Carolina Legislative Tuition Grant (NCLTG) is a state entitlement for permanent residents of North Carolina offered by the state legislature to all students attending a private four-year institution in this state. To qualify you must complete the NCLTG application and be a full-time (12 hours) student. Your award will be decreased if you have earned over 140 hours in your degree program. You must be working on your first undergraduate degree to qualify for NCLTG. If you drop after the state deadline, your grant is still reduced. Please contact Financial Planning with any questions.
Institutional Endowed Scholarships are provided to students who meet specific guidelines established by donors to Gardner-Webb. Recipients are selected and invited to attend a luncheon in the Fall to meet donors. In most cases, recipients do not receive any additional funds from these scholarships.
The Gardner-Webb Work Program (GWWP) utilizes a portion of its institutional funds to provide employment opportunities on campus. The Gardner-Webb Work Program is administered like the Federal Work Study Program.