Terms and Conditions of Your Financial Aid Award

Knowing your rights and responsibilities regarding financial aid is important in helping ensure that the financial aid application, award and disbursement processes go as smoothly as possible. This is where you’ll also learn about what happens regarding financial aid if you have to withdraw from classes before a semester is over.

Please Note:If accepting Terms and Conditions for 2021-22. I understand that my award letter is based upon reasonable estimates on the part of UNC and all costs and aid are subject to change. I understand I should check Ursa regularly for additional information and\or requirements to be completed.

If you decide to accept financial aid awards, they

will have conditions attached. It is important that you understand & agree to these conditions before accepting awards.

Half-time status is required for Federal Student loan consideration

Like all agreements, you are deciding to accept awards that will have conditions attached. It is important that you understand & agree to these conditions before accepting awards.

I authorize all financial aid funds accepted to be applied to my university bill including indirect charges such as library, health insurance & parking, etc. I understand if I wish to revoke this authorization, I may do so by contacting the Office of Financial Aid.

I have read and agree to the Rights and Responsibilities of Financial Aid as well as the Guide to the Awards information which includes, but is not limited to, the following:

• If I fail to attend, drop or withdraw from classes, I may have to repay part or all of my aid especially if in module courses.

If I repeat a previously passed course more than one time, it will not count towards full-time enrollment consideration for Federal Student Aid.

If a refund is automatically generated between the time in which the student drops and the loan is reduced, the student will be responsible for returning that refund to UNC

I must be enrolled at UNC in a degree-granting program. I understand that certificate programs are not eligible for aid nor are students in a seeking/undeclared status if they already have a bachelor’s degree.

If an Undergraduate, I must enroll in and maintain at least 12 credit hours per semester to be considered full-time or at least 6 credit hours for half-time status for each term.

If a Graduate student, I must enroll in and maintain at least 9 credit hours per semester to be considered full-time or at least 5 credit hours for half-time status for each term.

Only course work that is required for my degree will count towards my enrollment status. Once I complete the requirements for a single degree, even if I haven’t applied for graduation, I am no longer eligible for aid for that program. The fact payday loans Connecticut state that I might be getting a dual degree and haven’t completed the requirements for the second degree doesn’t change this.

Any work study funds listed/awarded are simply for a potential job while attending UNC. To receive these monies, I would need to secure a qualified work study job and work the hours required to earn this money. I understand I cannot work during scheduled class times.

If a Pell Grant is offered, the amounts reflect full-time status for Fall or Spring semesters. Payment is adjusted based upon enrolled hours (12+ hours = full-time, 9-11 hours = three-quarter-time, 6-8 hours = half time, 1-5 hours = less than half-time. Summer Pell will reflect enrollment status for summer semester.

Students who drop below half time after their aid has disbursed will not receive any additional credit that may be created. If a credit is created due to the drop then the student’s loan(s) will be reduced by that credit and returned to the lender.