Types of Financial Aid
The Office of Scholarships and Financial Aid at CVCC provides a variety of programs to assist students in financing their college education.
There are four types of aid awarded to students attending CVCC: Grants, Federal Direct Student Loans, Federal Work-Study and Scholarships.
Federal Grants: The federal government offers grants for students who are eligible. To apply, a student must complete a Free Application for Federal Student Aid (FAFSA).
- Federal Pell Grant is a federal grant based upon need as determined by the FAFSA and does not have to be repaid. Students must be enrolled and currently working on their first associate degree and must maintain Satisfactory Academic Progress (SAP). The maximum award for 2018-2019 is $6,095 depending on the student's Expected Family Contribution (EFC) and enrollment status.
- Federal Supplemental Educational Opportunity Grant (SEOG) is a need-based federally funded program awarded to students with the most financial need need as determined by the FAFSA information and does not have to be repaid. The award amount at CVCC is based upon the current year's allocation.
State Grants for NC Residents: North Carolina Residents are eligible for grants through the state. To apply, a student must complete a FAFSA. North Carolina does not have a deadline date to apply, however, students are encouraged to apply early for best consideration of funding. Available grants are listed below:
- North Carolina Education Lottery Scholarship (NCELS) is available to needy North Carolina residents attending eligible colleges and universities. The grant ranges from $100 to $3000 per year. Eligibility and award amount determined by the state.
- North Carolina Community College Grant (NCCCG) is available to needy North Carolina residents attending eligible community colleges. The grant ranges from $100 to $1,500 per year. Eligibility and award amount determined by the state.
For additional information for NC students, please visit College Foundation of North Carolina.
- Student Loan Information
CVCC does not participate in the William D. Ford Federal Direct Loan Program.
- Alternative Loan Options
Alternative educational loans are non-federal loans offered through banks to supplement financial aid awards. To apply for a private loan, visit our FASTChoice Private Loan page.
- Federal Work-Study
The Federal Work-Study (FWS) program provides students with an opportunity to work part-time to assist with educational costs. The program consists of jobs on and off campus for community service opportunities. Eligible students must be enrolled at least part-time, eligible to receive federal aid and have demonstrated financial need as determined by the FAFSA application. For more information about CVCC's Federal Work-Study Program, visit our Federal Work-Study page or log into "MyCVCC Portal."
Scholarship requirements and application procedures vary depending upon the criteria set by the scholarship provider. Many scholarships require a separate application that must be obtained directly from the scholarship provider. Please review Scholarships for more information about CVCC’s opportunities.