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To receive financial aid, the student must reapply each
year by completing a Free
Application for Federal Student Aid (FAFSA). The
FAFSA form is available on January 1 of every year.
In addition to completing a FAFSA each year, students must
meet enrollment and SAP standards.
- Students should complete a Free Application for Federal
Student Aid (FAFSA). Students who return their FAFSA application
later than the priority date will continue to be considered
for financial aid as long as the funds remain available.
- Students who have applied for admission to Methodist
should also submit the FAFSA. They should NOT wait for
an admissions decision before completing the FAFSA.
- Students should respond quickly to all requests for
financial aid information.
- Students should put their name and ID number on all
documents they submit as part of their application for
financial aid. They should also keep a copy of the forms
they submit and the materials they receive related to
financial aid.
- Students should ask questions regarding any parts of
the financial aid process that they find confusing.
Methodist University offers a broad program of financial aid through the use
of Federal, State, and Institutional funds. Since need is an essential factor in
the majority of decisions regarding the offer and award of financial aid, it is
necessary for an assessment to be made through a standardized and unbiased
approach. Methodist University recommends that the student complete the Free
Application for Federal Student Aid (FAFSA). This form includes the consideration for all types of
financial aid (Federal, State,
or Institutional). This is the only form that needs
to be completed for prospective Methodist University students. The FAFSA is for
U.S. residents only.
It is recommended that all students complete the FAFSA
form. However, if there is not a financial need or should
the student/parent choose not to complete the FAFSA, the
student may receive non need-based financial aid such as
academic or performance
based institutional scholarships.
Federal Aid
Most federally subsidized financial aid resources are classified as "need
based" programs. Accordingly, the submission of the FAFSA to the processor using an
approved "needs analysis" formula is required.
Federal programs include: Pell Grant, Supplemental Educational Opportunity
Grant (SEOG), Work Study Program, Perkins Loan, Federal Direct (student) Loan
(subsidized and unsubsidized). The Federal Pell Grant is an entitlement. The
SEOG, Work Study and Perkins Loans are awarded at the discretion of the
institution. The SEOG and Perkins programs are awarded to students with
exceptional financial need. Methodist University has defined exceptional need as
Pell Grant eligible.
State Aid
Effective 2012-2013:
The North Carolina General Assembly has established a new scholarship program for students at eligible institutions called the Need Based Scholarship (NBS). More details to come.
United Methodist Aid
- United Methodist Church Board of Higher Education and Ministry Programs
- The United Methodist Scholarship Program is a church wide educational service providing scholarships to help supplement the financial needs of today’s students. Funding for these scholarships is provided through offerings, wills, annuities, and other designated gifts.
Scholarships are awarded on an academic-year basis. A student is eligible to receive only one United Methodist scholarship or loan during any one academic year. All scholarship applicants must be full, active members of The United Methodist Church, for at least one year prior to applying. Applicants must also be citizens or permanent residents of the United States, must be full-time attaining their first bachelor’s degree, and must be attending an accredited educational institution in the United States.
- The United Methodist Student Loan Program: The United Methodist Student Loan Fund has the distinction of being one of the oldest student loan fund programs in the world. Since 1868, Methodists have provided financial assistance to their members. Supported though wills, annuities, special Sundays with offerings, and World Service dollars, the loan programs administered by this agency have enabled laity and clergy alike to fulfill their vocational dreams regardless of color or gender. The aggregated amount one may borrow has also been increased to correspond with the financial needs of today. Funds received on United Methodist Student Day for the UM Loan Fund are invested, loaned, and repaid over and over again. Student Day is observed by local congregations the last Sunday in November or on another date determined by the church.
Members of A.M.E., A.M.E. Zion, and other “Methodist” denominations are not eligible. For an updated listing of all the United Methodist Scholarships and loans available, please contact the Office of Loans and Scholarships General Board of Higher Education and Ministry at (615) 340-7344-Scholarship Department or (615) 340-7346-Loan Department or online at www.gbhem.org
Outside Scholarships
Free internet scholarship search programs can be found online at the following websites:
- Brokescholar.com
- CFNC.org
- Collegeboard.com
- Fastweb.com
- Finaid.org
- GBHEM.org
- Scholarships.com
- Umhef.org
There are numerous scholarship books available at most public libraries. Also, check with your high school guidance office (high school students), your local clubs or organizations, or the Office of Financial Aid for information about local or national scholarships. Pay particular attention to scholarship deadlines.
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The Office of Financial Aid
Search Methodist University
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