by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at UNC Chapel Hill and what you may be eligible for? Explore the answers here.
University of North Carolina at Chapel Hill average financial aid offer for freshmen students is $14,182.00. Financial aid is provided to about 64% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of North Carolina at Chapel Hill you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by University of North Carolina at Chapel Hill.
40% of incoming freshmen (1647 total) were awarded scholarships at University of North Carolina at Chapel Hill, averaging $13,601.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 22% of freshmen (897 total) obtained a federal grant, for about $5,355.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.98% | $20,467.00 |
| Income 30k-48k | 5.33% | $18,491.00 |
| Income 48k-75k | 5.66% | $12,601.00 |
| Income 75k-110k | 3.98% | $5,132.00 |
| Income 110k + | 1.80% | $1,339.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 4167 undergraduate students at University of North Carolina at Chapel Hill around 64% (1788 total) receive some form of grant aid. The typical amount awarded was $14,182.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
