When it comes to paying for a college education, one of the first things for parents and students to know is the difference between scholarships and grants versus loans. A loan has to be repaid; grants and scholarships don’t.
Vance-Granville Community College President Dr. Rachel Desmarais said her school’s financial aid officers at each of the college’s four campuses are ready to help prospective students as they navigate the sometimes choppy waters of paying for post-secondary schooling.
The Next NC Scholarship is just one of the funding streams available to many state residents, Desmarais said on Monday’s segment of The Local Skinny!
Students in households that make less than $80,000 are eligible for at least $3,000 an academic year at a community college under the Next NC Scholarship. There are several other criteria to be eligible for the Next NC funds, including being a state resident already enrolled in a program and taking at least 6 credit hours.
Close to one-third of VGCC’s traditional student population use some type of financial aid to pay for their tuition and fees, she said.
Whether students are in a path for a certification, a two-year associate degree or want to transfer to a four-year college or university, Desmarais said it’s important to keep student loan debt as low as possible.
“The less debt you can accumulate during that time is important,” she said, adding that scholarships like the Next NC Scholarship and Pell Grants from the federal government both help students be able to afford college.
“They help individuals get that good job and not be stacked with debt,” Desmarais said.
“If you’re spending all your money repaying student loans, you’re not really getting ahead,” she noted.
Many high school seniors and their parents are in the process of completing the all-important Free Application for Federal Student Aid, which opened on Dec. 31, 2023.
VGCC will host a FAFSA Day on Saturday, Jan. 27 from 9 a.m. to 12 noon on the Main Campus in Henderson, Desmarais said. This is a time when families can learn more about the financial aid process and get help completing the online documents. The event will take place in Building 7, with check-in in the front lobby. There is plenty of nearby parking to accommodate participants.
“We’re here to help,” Desmarais said. “We enjoy meeting new folks and helping them walk through the financial aid process. We’re excited about helping people plan for college.”
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