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Types of Aid

Federal


FAFSAThe Free Application for Federal Student Aid (known as FAFSA) is a form that should be completed annually by current and prospective college students – undergraduate and graduate - to determine their eligibility for financial aid.

Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid. These grants are usually awarded only to undergraduate students who have not earned a bachelor's or a professional degree.

Subsidized Loan

Federal student loan for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Subsidized loans are based on financial need. The federal government pays the interest on the loan while the student is enrolled in school at least half-time. Dependent student borrowing limits for subsidized and unsubsidized Stafford Loans are as follows:
  • $5,500 for Freshman year
  • $6,500 for Sophomore year
  • $7,500 for Junior year
  • $7,500 for each remaining year
  • $31,000 total for all undergraduate years

Unsubsidized Loan

Federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Unsubsidized loans are not based on financial need. Interest begins accumulating as soon as funds are disbursed and until the loan is paid in full.

PLUS Loan

Federal loan that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. PLUS loans can help pay for education expenses not covered by other financial aid.

Grad PLUS Loan

Federal student loan available to students attending graduate school and professional school, that offers a fixed interest rate and flexible loan limits. Eligibility does not depend on demonstrated financial need, but students need to file FAFSA to qualify. The Grad PLUS Loan allows you to borrow up to the full annual cost of attendance minus other financial aid received.
GI BillChapter 30 - Available for qualified active duty and those separated/retired from active duty in the armed forces within the last 10 years. (rare exceptions to 10-year rule).

Chapter 33 – Post 9/11 GI Bill – For anyone with at least 90 days of aggregate service since 09/10/01. Valid for 15 years from the last date of qualifying service. Veterans with eligibility for other programs must make an irrevocable election to switch to Chapter 33.
Chapter 1606 – Available for current members of guard/reserve units who meet specific requirements.
Chapter 1607 (REAP) – Guard/Reservist who have been activated for 90 or more days since 9/11. Ninety days of service to one year pays 40% of active duty rate, over 1 year but less than 2 years pays 60%, over 2 years pays 80%.

For all of these, payments are made directly to the individual monthly by check or direct deposit.

VA Vocational
Rehabilitation
Chapter 31 - Available only for qualified veterans with a service connected disability. Pays tuition, fees, books and supplies to the school and a monthly allowance to the vet.

Military Dependents Education BenefitsChapter 35 - Available to spouse and/or children of a vet who is 100% permanently and totally disabled or who died after such a service-connected disability was established. It is also available for dependents of a MIA or POW service member (dependent children may also be eligible for the NC Vet Child scholarship)

State


Forgivable Education Loans for Service (FELS)

Established by the North Carolina General Assembly in 2011, the Forgivable Education Loans for Service (FELS) provides financial assistance to qualified students enrolled in an approved education program and committed to working in critical employment shortage professions in NC. Students must be a NC resident to be eligible.

Golden Leaf Scholars Program

Funded by the Golden LEAF Foundation, the Golden LEAF Scholars Program is designed to assist current high school seniors and North Carolina community college transfer students. Recipients must be from certain rural counties, demonstrate both financial need and merit, and plan to attend participating NC colleges or universities.
NC Need Based Scholarships

Created by the 2011 North Carolina General Assembly, this is a need-based program for NC residents attending private institutions of higher education located in NC. Students must be enrolled as an undergraduate for at least nine credit hours to be eligible.

NC Veteran Children ScholarshipThis is a program funded by the State of NC for dependents of NC POW’s or deceased/disabled veterans. Applications are available at most high schools and the NC Department of Veteran Affairs.

Military Tuition Assistance (TAP)Active duty military and current members of guard and reserve can receive up to 100% reimbursement of tuition. The Financial Aid Office processes TAP forms, or reservists can mail these forms directly to the address on the TAP form. The military unit, not LR, provides forms.

Scholarships

Child of a Lutheran Minister

Undergraduate students who have a parent that is an ordained Lutheran Minister may be eligible for a scholarship from LRU.

Engaged Scholars Program

In addition to financial incentives, the Engaged Scholars program encourages undergraduate students to participate in academic development, active learning, and leadership opportunities that extend beyond the traditional classroom.

Friends in Faith

Matching gift program through which LR will match a scholarship of up to $500 received from an undergraduate student's Lutheran church. A student's home congregation can complete a form to apply for this matching gift scholarship.

Legacy

Undergraduate students whose parents or grandparents are graduates of Lenoir-Rhyne may be eligible for a $1,000 scholarship – just for being a legacy.

LR Scholars

Students who are accepted to LR can be considered for LR Scholars, which provides financial awards based on academic performance, GPA and test scores.

Martin Luther Fellows

Available exclusively for undergraduate North Carolina ELCA students, the program rewards outstanding student contributions to church and community. A student's home congregation can complete a form to submit a student for consideration.

Merit Scholarships

Students who are admitted to LR during the Priority or Early Notification periods, who meet certain criteria, are invited to compete for merit scholarships as part of LR’s Scholarship Day competition.

Phi Theta Kappa

Undergraduate students who are members of Phi Theta Kappa - Community College Honor Society may be eligible to receive a $1,500 scholarship through LR.

Talent Scholarships

Lenoir-Rhyne recognizes the talents of its student body. Scholarships are available for students gifted in music, theatre, debate, and/or athletics.

Teaching Scholars

Scholarships of up to $5,500 per year, for four years of study, are available to qualifying students aspiring to become educators. The program features extensive work experience by placing students directly in classrooms of the Hickory-area school districts to learn from seasoned professionals.

Tuition Advantages


Alumni Advantage

LRU graduates have the opportunity to pursue a master’s degree or take graduate level courses at a significantly discounted rate for most of the 26 graduate programs offered through its three campuses.

LR Partners

LRU is dedicated to helping local businesses build a more highly prepared workforce. Employers who become an LR Partner can offer their employees the opportunity to pursue a bachelor’s or master’s degree at LRU at a discounted tuition rate.

Membership & Tuition Exchange

The Council of Independent Colleges and Tuition Exchange Inc. includes a network of member colleges and universities willing to accept students, tuition-free, from families of full-time employees of other participating institutions. Institutions agree to import a limited number of students on the same admission basis as all other students, without regard to the number of students it exports.

Other Aid

Community Scholarships

Students applying for college should be sure to check with their high school advisors for other scholarship opportunities available through the community or region. Many churches, schools, businesses and other organizations offer educational scholarships to deserving students.

SALT

LR has partnered with SALT, a program of the American Student Assistance, to equip students with the necessary tools to better manage their money for college and beyond. Students can create a free account to access a wealth of resources, including a scholarship and internship finder.

Net Price Calculator

The Lenoir-Rhyne University Net Price Calculator is a valuable tool in assisting you in planning and projecting the cost of attendance.