Hey everyone, I'm from out of state and considering applying to the University of North Carolina at Chapel Hill, but the tuition cost has me a bit worried. I've been hearing that the tuition for out of state students is significantly higher. Is anyone familiar with just how much the difference tends to be? Additionally, are there any scholarships or financial aid options that could help offset these costs?
Yes, like several other public universities, UNC Chapel Hill has different tuition rates for in-state and out-of-state students. The cost for out-of-state students is indeed higher. While the costs can change from year to year, a ballpark figure for out-of-state tuition, fees, and room and board would be around $60,040 annually, compared to around $27,036 for in-state students.
The good news is, there are options for financial aid that can help offset the costs. A primary source is the Free Application for Federal Student Aid (FAFSA), which you should definitely complete. This can make you eligible for federal grants, work-study programs, and loans that can help to cover your costs, namely the student aid index (SAI) which replaces the once used expected family contribution (EFC). Keep in mind, applying early for the FAFSA can often lead to more aid, as some assistance is first-come, first-served.
UNC Chapel Hill itself also offers several scholarships for both in-state and out-of-state students. The scholarships range and can be based upon factors like academic excellence, leadership, service, talent, or other areas. Remember, scholarships don't need to be repaid, so they are a great way to help fund your education.
For a detailed estimate, consider taking advantage of UNC Chapel Hill’s net price calculator, which will provide you a personalized estimate of your potential financial aid and out-of-pocket costs.
Remember, though the initial sticker price might seem high, the actual cost after financial aid may be significantly lower, so don't let the cost deter you from applying!
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