Subsidized Loan

Subsidized Loans are loans for undergraduate students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods.

To-Do List

Located in the Student Services Center of ConnectCarolina. Indicates we are missing a document from the student or can serve as an instructional item, items needed for our office will be marked as ‘financial aid items’.

Total Income

The sum of all positive income to a family including pre-tax deductions. Total income is not reduced by negative income reported on the tax return or certain business deductions for the use of the home, depreciation, or other household expenses. 

UNC Loan

UNC Loans are based on financial need and administered by the University. If you complete a FAFSA and are found eligible, a UNC Loan may be offered as part of your overall financial aid package.

Interest rates are fixed at 5%, and interest is deferred as long as you are enrolled at least half-time.

Undergraduate Student

A student who is seeking a bachelor’s degree.

Underloading

When a student is given permission by the university to be enrolled less than full-time (12+ credit hours) in any given semester.

University Loan

University Loans are based on financial need and administered by the University. If you complete a FAFSA and are found eligible, a University Loan may be offered as part of your overall financial aid package.

Interest rates are fixed at 5%, and interest is deferred as long as you are enrolled at least half-time.

Unsubsidized Loan

Direct unsubsidized loans are available to undergraduate, graduate, and professional students and they do not need to demonstrate financial need to qualify for the loan. PLUS, or parent loans, are also unsubsidized.

Verification

The process by which a financial aid office confirms the accuracy of the information submitted on the FAFSA and/or CSS Profile. Students are randomly selected for verification by the U.S. Department of Education. Required to be completed before an award can be offered to a student and/or funds can be released.

Visiting Student

When the school you are taking classes at is not where you will be receiving your degree, you are instead taking some classes as a visiting student that will transfer back to the school where you will receive your degree.