Financial Services Overview

Investing In Your Future

Choosing a University is an important decision and a significant investment into your future. It is important to consider an institution that offers the educational experience you require to accomplish your goals combined with clear information regarding affordability, methods of repayment and future debt. The US Census Bureau has shown that a college education will pay for itself with future earnings. However, today's economic conditions compel students and their families to explore options that don't leave you saddled with incredible debt requiring a lifetime of payments. 

Each year the University awards approximately 1.9 million dollars in tuition grants and scholarships to its student body and over 96% of our students receive some form of financial aid or assistance.


CarolinaU Achieve Scholarship 
CarolinaU will offer 50 undergraduate applicants who meet the following criteria free tuition* for the 2021-22 academic year.  To qualify, applicants must:
  • Be a new applicant to Carolina University using promo code “UPWARD”
  • Complete the enrollment process before August 10, 2021 (including enrollment deposit)  
  • Complete a FAFSA and have an estimated family contribution (EFC) of $1,500 or less
  • Have a high school GPA of 3.0 or higher
 
*Note: Tuition will be covered by a combination of Pell Grant and institutional financial aid (subject to our general scholarship rule) for full time enrollment (up to 15 credits per semester or 39 credits for the year)

 

Important Dates

 

October 1st

FAFSA opens for Fall 2021 semester — complete this as soon as possible

 

March 1st

Complete the Scholarship Application to be eligible for CU donor scholarships

 

July 25th

Financial Aid Documents and Payment Plans due for Fall 2021 semester

Net Price Calculator

We believe in offering an exceptional education at an affordable price point and we understand that price plays a major factor in your college decision. Our Net Price Calculator provides you with an estimate of what your tuition would be after receiving Federal and institutional financial assistance.

Net Price Calculator

 

Financial Services Checklist

 

TTU Perkins Loans

As part of the merger between Tennessee Temple University and Carolina University, the Temple Perkins Portfolio was liquidated.

Perkins Loans

Campus Work Study

Carolina University offers on-campus employment opportunities primarily to students with financial needs, but all students will be considered.

Work Study

 

Paras Loan Services

Paras Education Services (PES) is a financial consultant, helping all International Students to obtain study abroad loans @ 2% to 7% p.a. approx Interest (depending on Wall Street PLR) & repayment of 15/20 years, without any collateral, physical security or mortgage.

Paras Loan Services

 

Higher Education Emergency Relief Fund Disclosure

Carolina University (CU) is a recipient of funding from the Higher Education Emergency Relief Fund (HEERF) as part of the CARES Act (HEERF I), CRRSA Act (HEERF II), and the most recent ARP Act (HEERF III).  The US Department of Education (the Department) requires certain disclosures related to our participation in these programs as listed below. More information about the required disclosures can be found on the Department’s website.

  1. CU signed and returned to the Department the Certification and Agreement and the assurance that the institution has used, or intends to use, the applicable amount of funds designated under Section(a)(1) of the CARES, CRRSA, and ARP Acts to provide Emergency Financial Aid Grants to students for expenses related to the disruption of campus operations due to coronavirus.
  2. CU received the following amounts from the Department for Emergency Financial Aid Grants to these students:
    1. CARES: $203,931
    2. CRRSAA: $203,931
    3. ARP: $732,923 (not fully disbursed as of 6/30/2021)
  3. As of June 30, 2021, a total of $203,931 has been distributed to qualifying students under Section(a)(1) of the CARES Act, $203,931 has been distributed to qualifying students under Section (a)(1) of the CRRSA Act, and $200,000 has been distributed to qualifying students under Section(a)(1) of the ARP Act.
  4. The estimated total number of CU students eligible to participate in these programs is 1150.  
  5. As of June 30, 2021, the total number of students who have received an Emergency Financial Aid Grant to students under these Acts is 408.  
    1. CARES: 247 
    2. CRRSAA: 244 
    3. ARP: 239 
  6. Recipients of the CARES grant were determined by identifying undergraduate students who were eligible for Title IV aid (determined by a completed FAFSA) and also enrolled on the main campus during the Spring 2020 semester.  Students in a graduate, doctoral, or online campus program were excluded based on our interpretation of the Department's guidelines at that time regarding online students.  Base award amounts were determined using the following: $900 for residential students, $500 for full-time commuters, $250 for part-time commuters.  Additional “hardship” amounts were added in some situations based on independent statuses, family hardships, job losses, illnesses, and similar factors. A small portion was reserved for additional hardship grants as information was made available.  The CRRSAA and ARP grants were selected using a combination of factors including expressed need, demonstrated need, FAFSA data, Pell eligibility, and Covid-related hardships.  Students were asked to complete an online form that allowed them to share any economic factors, losses, and hardships that should be considered. Students were strongly encouraged to complete the form, but the form was not required in order to qualify.  Pell recipients and those with exceptional need were given first priority in these allocations.  Based on the most recent guidelines, all CU students enrolled since March 2020 were eligible for these grants.
  7. The initial instructions to students concerning the Emergency Financial Aid Grants can be viewed in these archived emails: 
    1. CARES Instructions to Students 
    2. CRRSAA Instructions to Students
    3. ARP Instructions to Students

Quarterly Reports for HEERF Expenditures:

 

Contact Financial Aid