Entrance Counseling


Entrance Counseling

Entrance counseling explains your rights and the obligations you agree to meet as a condition of accepting a Direct Loan. More information about entrance counseling is available at: https://studentaid.gov/entrance-counseling/.

Exit Counseling

Provides important information to prepare to repay your federal student loan(s). Exit counseling is available at: https://studentaid.gov/exit-counseling/.


The Free Application for Federal Student Aid; must be completed each year for federal and state aid consideration.

Financial Aid

Funds offered to students to assist with educational costs. Can include Grants, Loans, Employment Opportunities (work-study), or scholarships. Typically used to refer to aid that requires the submission of the FAFSA.

Financial Need

A figure that represents a student’s eligibility for need-based aid; is determined by subtracting a student’s EFC (produced by the FAFSA) from the total Cost of Attendance.

Fixed Tuition

For North Carolinians this means the tuition rate will not increase during the first eight consecutive semesters of Fall and Spring enrollment from when you first enroll and being at Carolina.


An FSA ID consists of the account username and password that give you access to the U.S. Department of Education’s online systems and that can serve as your legal signature when completing electronic documents such as the FAFSA, and loan requirements.

Graduate Student

A student who has already earned a bachelor’s degree and is pursuing additional education in specific field in a graduate, or grad professional school program.


Aid that is awarded based on financial need. This type of aid does not have to be paid back as long as you remain enrolled while you are receiving in.

Half-Time Enrollment

Half-time enrollment for the academic year is defined as 6 hours for undergraduate, and 4.5 hours for graduate/professional school enrollment. If you are enrolled in less than half-time you are not eligible for federal loan programs. Additionally, if you drop below half-time enrollment borrowed loans can begin to go into repayment.