How Scholarships Work
Q: How will the scholarships work to an in-state public college or university?
A: In the case of a two-year or four-year North Carolina public college or university, Say Yes provides a tuition scholarship to cover the tuition costs (up to the designated tuition cap) that are not covered by Federal Pell Grant and state need-based aid or scholarships granted by the institutions themselves. In order to receive a Say Yes Scholarship, eligible students must complete the Free Application for Federal Student Aid (FAFSA) and the Say Yes Certification Form.
The Say Yes Scholarships will be provided by the local Scholarship Board to eligible GCS students graduating high school starting in the Spring 2016 and enrolling in any North Carolina public college or university beginning in the Fall 2016.
For students interested in attending any of the public universities or community colleges in North Carolina, the following has been approved by the Scholarship Board based on continuous enrollment in Guilford County Schools and family income.
*This is the working policy for the 2018-2019 school year. The Scholarship Board will continue to meet to refine policies.
*Students who graduate early and who have been enrolled continuously in Guilford County Schools are still eligible for scholarships.
An example may be helpful to understand how the program is designed. While tuition among the sixteen public North Carolina colleges and universities varies, the average across the system is about $4,500. Using this as an example, for a Say Yes eligible student receiving $3,480 in Federal Pell Grant, state need-based aid, and institutional aid, the Say Yes Scholarship would cover the gap between the total tuition and this aid, which would be $1,020 toward the cost of tuition in this scenario, if he/she meets the continuous enrollment and income criteria referenced above.
|Full time undergraduate tuition-at a UNC institution
|Less awarded pell grant, state, and institutional gift aid
|Say Yes Scholarship
Students and families would still be responsible for the cost of fees, room and board, books, and other costs of attendance.
Say Yes Opportunity Grant
If a student wants to attend any North Carolina public two or four-year college or university and they receive the maximum amount of Pell Grant funding (covering their tuition cost) they can receive a Say Yes Opportunity Grant. Opportunity Grants are $350 for all students. The grant can be applied to room/board and other costs of attendance.
No tuition scholarships will be processed or awarded to students with missing or incomplete financial aid paperwork.
Q: What about private colleges and universities?
A: Eligible GCS graduates enrolled in a GCS school since 9th grade also have access to tuition scholarships at schools within the Say Yes Higher Education Compact. As long as a student is continuously enrolled in GCS from 9-12 grades, they will be processed for the Say Yes Scholarship.
Family Income Requirement – For Private Colleges and Universities
Member institutions in the Compact will typically provide tuition scholarships (covering tuition and mandatory fees, but not room and board or books), after Federal Pell Grant, state need-based aid and other scholarships are applied, to eligible GCS graduates whose family income is at or below $75,000. Some partner colleges may consider a family’s assets in considering the awarding of Say Yes Scholarships. Some Say Yes private college partners, however, may choose to cover at least a portion of other college expenses.
Please note that some of the private college partners have a higher income cap and we encourage families to contact the school(s) directly.
Say Yes Choice Grant
Eligible students whose family income is above $75,000 may be eligible for Say Yes Choice Grants of up to $5,000 – from the local scholarship fund – to help cover part of the cost of tuition. The Choice Grant, which is provided by the local scholarship fund, is valued at up to $5,000 annually.
GCS graduates must have been enrolled in a GCS school since 9th grade in order to be eligible for a Choice Grant. The Choice Grant, when combined with Pell, state, and institutional aid, cannot exceed the cost of attendance. Similarly, if the school covers tuition for a family whose family income is above $75,000, the student is not eligible for a Choice Grant.
For questions related to how income is calculated, students and parents should contact the particular institutions of interest.
To provide an example, for a Say Yes eligible student with a family income at or below $75,000 receiving $10,940 in Federal Pell Grant, state need-based aid, and institutional gift aid, the Say Yes Scholarship would cover the gap between the total tuition and the gift aid, which would be $18,000 toward the cost of tuition in this scenario (Table 2). This Say Yes Scholarship to attend a Say Yes private college partner institution would be provided directly by the institution.
|TABLE 2: Say Yes Private Partner College
|Full time undergraduate tuition-full year
|Less awarded Federal Pell Grant, state need-based aid, and institutional gift aid
|Say Yes Compact Award
Q: How many semesters is Say Yes funding available to each qualified student?
A: The tuition scholarship will be available to full-time students attending a four-year institution for a total of eight semesters over the five years after high school graduation. For students attending a two-year program, the scholarship will be available for a total of four semesters over the three years following high school graduation. A student will still be eligible to receive the Say Yes Scholarship if he or she transitions from a two-year to a four-year college or university, provided it is an in-state public institution or a Say Yes Higher Education Compact partner institution.
To remain eligible, students must remain in good academic standing. This means retaining a 2.0 GPA, completing 12 credit hours a semester, and maintaining financial aid eligibility.
Q: How do current GCS High School seniors apply for Say Yes Scholarships?
A: Student’s must complete the Say Yes Registration Form by June 1st of their senior year – though some private colleges and universities in the Say Yes Higher Education Compact prefer that the form be submitted as early in the year as possible. Students must also complete the Free Application for Federal Student Aid (FAFSA), available at https://fafsa.ed.gov, and be deemed eligible to access Federal Aid. (Some private colleges also require the CSS/Student profile.) No tuition scholarships will be processed or awarded to students with missing or incomplete financial aid paperwork.
Q: What should Guilford County High School seniors be doing now?
A: High School seniors should seek out the college and guidance counselors at their high schools for advice on the process of applying to two-year and four-year colleges and universities, as well as other post-secondary institutions. Application deadlines are often on or before January 1st. General information, as well as information on particular institutions, can also be found on the “Big Future” website of the College Board, as well as in guidebooks like the Fiske Guide to Colleges. Many institutions require standardized tests like the SAT or ACT, though some do not – a list that can be found at www.Fairtest.org. Finally, many colleges and universities accept the Common Application. The College Foundation of North Carolina also provides online resources and guidance for North Carolina students and their families.