Financial Aid, Scholarships, and Fellowships
The UNC-Chapel Hill Residential MPA program provides financial assistance to many of its students. Research assistantships or partial scholarships are available to top candidates. Furthermore, some students become involved with School of Government projects or work with other university, governmental, or nonprofit organizations as paid part-time graduate assistants. Students coming from other states are encouraged to gain North Carolina resident status after their first year. Information on current tuition rates for in-state and out-of-state students is available through the Office of Student Accounts. Tuition for the MPA@UNC program is charged at a per credit rate of $1,200 per credit.
Students apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. The FAFSA should be completed annually for each academic year of enrollment in the MPA program. Please note applicants will not be reviewed for financial aid until they are officially admitted into the program.
Loans are available on the student’s own initiative from the Insured Student Loan Program. Information about this program is available from the Office of Scholarships and Student Aid, 300 Vance Hall, P.O. Box 1080, Chapel Hill, NC 27514, 919-962-8396, firstname.lastname@example.org.
Federal Direct Loans
The Federal Direct Loan program is available to all U.S. Citizens and Permanent Residents who meet basic Federal requirements (i.e. student has never defaulted on a Federal loan and/or is not currently involved in filing bankruptcy). Students are eligible to borrow a maximum of $20,500 per academic year through the Federal Direct Loan Program. See page 4 for terms and conditions of this loan program.
Federal Direct Graduate PLUS Loans
Federal Direct Graduate PLUS Loans provide additional funding for those students (U.S.
Citizens and Permanent Residents only) whose costs exceed the maximum Direct Loan eligibility of $20,500 per academic year. Students should exhaust their Federal Direct Loan eligibility before pursuing a Direct Graduate PLUS Loan. The interest rate for Graduate PLUS loans is a fixed 7.9%. See page 4 for terms and conditions of the Federal Direct Graduate PLUS loan program.
Private loans provide additional funding for those students (U.S. Citizens and Permanent Residents) whose costs exceed the maximum Direct Loan eligibility of $20,500 per academic year. Students usually exhaust their Federal Direct Loan eligibility before pursuing a private education loan. The interest rate for private education loans is variable and is based on either the Prime Rate or LIBOR. See page 4 for general terms and conditions for private loans.
To receive benefits, you must apply through the Department of Veterans Affairs. For instructions and application forms, please visit the VA website or contact the VA by phone at 1-888-GIBILL1. The submission of electronic applications using the VONAPP process is strongly encouraged. Information about the VA Application Process can be found on the University Registrar’s Website.