Types of Financial Aid

Print this Page

Types of Financial Aid

Financial aid is awarded based on your individual financial need and eligibility, and may include various types of aid. This is called your financial aid package.  Your package may include any combination of the types of aid described below. Financial aid is contingent on maintaining satisfactory academic progress.

Grants:  Need based gift aid that do not have to be repaid.

  • Federal Pell Grants are awarded by the US Department of Education.  Federal Pell Grants are the foundation of federal student financial aid.  The amount of a student’s Pell Grant award is based on the Expected Family Contribution (EFC), cost of attendance, enrollment status, and whether the student attends school for a full academic year or less.  A student may not receive Pell Grant funds at more than one school at a time.
  • Federal Supplemental Education Opportunity Grants (FSEOG)are grants for undergraduates with exceptional financial need; that is students with the lowest estimated family contributions (EFC). Students must qualify for the Federal Pell Grant to be eligible for this program.  Funding for this program is limited. Early filing is strongly recommended to see if you qualify.
  • North Carolina Community College Grants (NCCCG)are for legal residents of North Carolina who are enrolled at least half time (six semester hours) and are maintaining satisfactory academic progress.
  • North Carolina Educational Lottery Grant (NCELS) are awarded to NC residents who enroll for at least six credit hours as an undergraduate at an eligible NC College.
  • Federal Work Study Program offers employment opportunities to eligible students who wish to earn money to assist with educational costs. This grant is administered based on the availability of funds. If interested in this program, students should indicate this interest when completing the FAFSA and/or contact the Financial Aid Office.
  • Child Care Assistance Program Grants are available for students enrolled full-time. Grants are limited and are based on greatest need. Contact the Financial Aid Office for additional information.

 Scholarships: Gift aid based on academic performance, talent or achievement. A number of scholarships are made available through the state, the R-CCC Foundation, Inc., various individuals, businesses, and civic and service organizations

 Scholarships at Roanoke-Chowan Community College includes, but is not limited to:

  • Golden Leaf Scholars Program
  • State Employees’ Credit Union Foundation
  • Wells Fargo Technical Scholarship
  • Allen Ryan Todd Scholarship
  • George W. Ballard Scholarship
  • R-CCC Foundation Scholarships
  • Northampton County Farm Bureau Scholarship
  • Rotary Club of Windsor
  • Colon Furr Scholarship

 For more information regarding scholarships, please refer to the “Scholarship Information” tab.

 Loans: Borrowed money, depending on the loan agreement, must be repaid with interest or service.

  •  Forgivable Education Loans for Service was established by the NC General Assembly for qualified students who are enrolled in an approved program and agree to work in North Carolina in areas with a critical need for additional employees such as nursing, teaching, allied health fields, or medicine.  For more information, please visit www.cfnc.org/FELS. You must apply through www.cfnc.org.

 Other:

  •  WIA – Workforce Investment Act – NAFTA/TAA – North American Free Trade Agreement/Trade Adjustment Assistance of Dislocated Worker programs are federally funded programs that help cover the costs of tuition, fees, books and/or supplies for students enrolling in certain programs and who, according to the Employment Security Commission/Job Link Guidelines, and are economically disadvantaged. Detailed information can be obtained from the local employment security office.