Financial Aid

Financial Information

Contact

For specific financial aid information, please contact Campbell University’s Financial Aid Office at (910) 893-1310 or financialaid@campbell.edu.

Financial Aid

Investing in a college education is a major financial decision, and many students and their families need to look beyond their own resources for assistance. Below is a list financial aid options available to our students.

FASFA

All students need to complete the Free Application for Federal Student Aid (FAFSA)  for the appropriate academic year.  FAFSA needs to be completed each year. Campbell University's federal school code in the school release section of the FAFSA is 002913.

You will need your federal income tax forms and W-2 forms to complete the FAFSA, as well as information about any untaxed income you may have received and your assets.  You will also need this information for your spouse if you are married, or for your parents if you are required to report your parents' information.

Campbell's financial aid office will review the results of your FAFSA to determine if additional documents are needed to complete your financial aid file.  We try to notify students of their financial aid eligibility within 30 days of your file being completed.

The financial aid office will send you an award letter that describes the types and amounts of aid for which you qualify.  If you are interested in taking advantage of any of the loan programs listed on your award letter, you will need to complete and return to the financial aid office the Loan Authorization Form (LAF) that is included with your award letter.  If your eligibility changes at any time you will receive an updated Award Letter.

Common Types of Financial Aid

  • NC Student Loan Program for Health, Science and Mathematics
  • Forgivable Education Loans for Service
  • Federal Subsidized Stafford Loans
    • Fixed interest rate of 6.8%
    • Repayment begins 6 months after graduation, withdrawal, or dropping below half-time enrollment (grace period)
    • Interest that accrues while student is enrolled and during the grace period is paid by the government
    • Student must demonstrate financial need
    • Maximum for graduate/professional level students per academic year is $8,500
  • Federal Unsubsidized Stafford Loans
    • Fixed interest rate of 6.8%
    • Repayment begins 6 months after graduation, withdrawal, or dropping below half-time enrollment (grace period)
    • Interest that accrues while student is enrolled & during the grace period is student's responsibility; it can be paid as it accrues, or can be capitalized
    • Student does not have to demonstrate financial need
    • Maximum for graduate/professional level  students per academic year is $24,500
  • Federal Graduate Plus Loans
    • Fixed interest rate of 8.5%
    • Student must be classified as a graduate/professional level student
    • Repayment begins immediately, but can be deferred; student must contact lender to initiate the deferment process
    • Student does not have to demonstrate financial need
    • Maximum for graduate/professional level students per academic year is the difference between your cost of attendance and your other financial aid
    • Graduate Plus applicants must meet the lender's credit rating guidelines for approval
  • Federal Parent Plus Loans
    • This loan is only for parents of dependent undergraduate students
    • Fixed interest rate of 8.5%
    • Repayment begins immediately
    • Student does not have to demonstrate financial need
    • Maximum for dependent undergraduate level students per academic year is the difference between your cost of attendance and your other financial aid
    • Parent Plus applicants must meet the lender's credit rating guidelines for approval
  • Alternative Loans
    • Alternative Loans are not part of the Federal Student Aid Programs; each lender sets up their own product guidelines, including approval criteria, maximum annual amounts, maximum lifetime amounts, interest rates, and repayment terms
    • Variable interest rate, based on the student's (and/or cosigner's) credit rating
    • Many lenders will allow students to defer repayment until 6 months after graduation, withdrawal, or dropping below half-time enrollment
    • Student does not have to demonstrate financial need
    • Maximum for graduate/professional level students per academic year is the difference between your cost of attendance and your other financial aid or less if determined by the lender
    • Alternative Loans are an alternative to the Federal Graduate or Parent Plus Loans (not in addition to)

Disbursement of Funds

  • Financial aid will be disbursed to your student account by the University's business office shortly after classes begin each semester, or after you complete the financial aid application process, whichever is latest.
  • Your financial aid will be used to cover your tuition and fees (and room and board if you are living in University owned housing).  Any amount of financial aid you receive that exceeds the amount of your charges is considered to be a credit balance.

Students can retrieve their student account credit balances by completing a refund request form and submitting it to the University's business office.