Financial Aid Terms

Financial Aid Terms

Cost of Attendance (COA) - a calculation determined by the financial aid office to help determine a student's financial need - program,tuition, fees, transportation, child care, uniforms, books, and housing are all factored into this equation to accurately encompass the needs of our students
 
Dependent - a student that does not meet the requirements for Independent status (see  "independent")
 
Full-Time - 12 credit hours or more - students must be enrolled full-time to receive their maximum awarded amount of Pell Grant money (amount is pro-rated based on enrollment less than 12 credit hours)
 
Three - Quarter-Time - 9-11 credit hours - students must be enrolled at least three-quarter-time to be eligible for the North Carolina Need-Based Program
 
Half-Time - 6-8 credit hours - students must be enrolled at least half-time to be eligible for Federal Direct Loans
Independent - if the student can answer "yes" to any of the following questions, they are considered "independent" for financial aid reasons:
Born before 1-1-1991?
-As of today, are you married?
-Working on a Master's/Doctorate Program?  (answer is "no" for all Carolinas College of Health Sciences students)
- Are you currently serving on active duty in the U.S. Armed Forces for purposes other than training?
-Are you a veteran of the U.S. Armed Forces?
- Have Children You Support?
- Dependents Other Than Children/Spouse?
- Orphan or Ward of the Court?
- At any time since you turned age 13, were both your parents deceased, were you in foster care or were you a dependent or ward of the court?
- Emancipated minor as determined by a court in your state of legal  
  residence?
- In legal guardianship as determined by a court in your state of   
   legal residence?
- On or after July 1, 2013, did your high school or school district homeless
   liaison, determine that you were an unaccompanied youth who was
   homeless or were self-supporting and at risk of being homeless?
Last modified: Tuesday, February 24, 2015, 2:15 PM