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Federal & State ProgramsFinancial Aid

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Federal and State Financial Aid Programs

The following federal and state financial aid programs are available to College of The Albemarle (COA) students. If you’d like more information about any of these programs, please contact the Financial Aid Office.

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Federal Pell Grants assist undergraduates in paying for their education after they complete high school or earn their High School Equivalency Diploma (HSED). The Federal Pell Grant is the largest federal student aid program, and provides a foundation to which other assistance may be added.

Unlike loans, grants aren’t paid back unless you don’t complete the term of enrollment.

To apply for a Pell Grant, students need to complete the Free Application for Federal Student Aid (FAFSA). The student must be a U.S. citizen or permanent resident enrolled in an eligible program. The student must demonstrate financial need and meet eligibility requirements. Additionally, the student must not already have a baccalaureate degree and must be making Satisfactory Academic Progress (SAP). The amount of awards will be determined upon FAFSA results, cost of attendance, and enrollment status.

Year-Round Pell Grants and Summer Aid

The FSEOG is a grant from the government for undergraduate students with exceptional financial need. To apply for FSEOG, students need to complete the FAFSA. The student must be a U.S. citizen or permanent resident enrolled in an eligible program. The student must demonstrate financial need and meet eligibility requirements. Additionally, the student must not already have a baccalaureate degree and must be making Satisfactory Academic Progress (SAP). Funding is limited and the minimum award is $100. Priority is given to students who apply early.
FWS provides part-time jobs for enrolled students with financial need, allowing them to earn money to help pay educational expenses. Students must complete the FAFSA to be considered for this need based financial assistance. Students must have unmet need as determined by the FAFSA and also be making Satisfactory Academic Progress (SAP).
The NC Scholarship is a grant offered by the state to residents of North Carolina. All students who complete the FAFSA are screened for eligibility. Award amounts are determined by the state based upon FAFSA results and enrollment status. Students must be residents of North Carolina for tuition purposes, enrolled in at least six credit hours per semester as an undergraduate student in an eligible degree, certificate, or diploma program, and must not have a baccalaureate degree. Students must also be making Satisfactory Academic Progress (SAP). Funds are not available for the summer semester.

2024 – 2025

The Next NC Scholarship is a financial aid program that helps most North Carolinians from households making $80,000 or less pursue higher education by fully covering tuition and fees at College of The Albemarle. The best part? It’s money that doesn’t have to be repaid.

The scholarship award can be used for things beyond tuition, including fees, books, food, and housing. Students with the greatest need for financial aid could qualify for additional funding to help make paying for college more manageable.

Who is eligible to receive the Next NC Scholarship?

To receive the Next NC Scholarship, you must be:

  • A North Carolina resident who is eligible for in-state tuition
  • A high school graduate (high school equivalency completers are eligible)
  • From a household with an annual Adjusted Gross Income (AGI) of $80,000 or less
  • Enrolled in an eligible undergraduate curriculum program for the 2024-2025 academic year
  • Taking at least 6 credit hours per semester (part-time students will receive a partial award)
  • Meeting the Satisfactory Academic Progress standards of College of The Albemarle
  • A student who has completed the 2024-2025 FAFSA, with a resulting Student Aid Index (SAI) at or below 7,500 (once complete, the financial aid office will determine and confirm eligibility.)

How do I apply for the Next NC Scholarship?

  • Applying is simple. Just submit the FAFSA form. If you’re eligible, you’ll receive the Next NC Scholarship. There are no additional forms to fill out.
The Longleaf Commitment is a grant program for 2022 North Carolina high school graduates who will attend one of our state’s “Great 58” community colleges starting in the Fall 2022 semester. High school students may be eligible to receive this grant – not a loan – for tuition and fees toward a degree or to attain transfer credit. Full-time eligible students are guaranteed to receive $700 to $2,800 per year, for a total of two years. Less than full-time students may receive a partial award. The Longleaf Commitment Grant Program ends at the conclusion of the 2024 spring semester.
More Information

This program provides funding for North Carolina students pursuing programs leading to careers in areas with critical need, including nursing, teaching, allied health fields and medicine.

To receive funds through this program, you’ll be asked to sign a promissory note agreeing to work in North Carolina after graduation, in an approved position, for one year per academic year of funding. Students who don’t perform the required service will need to repay the loans in cash, with interest.

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CFNC

COA no longer participates in the William D. Ford Direct Loan program.