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National Application Center :: campus tours :: Montreat College costs & financial aid

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Montreat College

Montreat College
P.O. Box 1267
Montreat, NC 28757-1267

Official telephone: (828) 669-8012
Toll-free telephone: (800) 622-6968
Fax number: (828) 669-0120
Website: www.montreat.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2014 academic year.
FINANCIAL AID OFFICE
Financial aid officer: Jeff Holliday,
Executive Director of Enrollment Management
Contacting the office: 800 545-4656 (toll free)
828 669-0120 (fax)
financialaid@montreat.edu
FAFSA number: 002948

EXPENSES
Undergraduate tuition: $24,740; $24,740 out-of-state
Additional required fees: $200

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A
State Aid FormMarch 1yesN/A
Date award notification begins: March 1
Applied for financial aid:
100% of first-year students
90% of full-time undergraduates
82% of part-time undergraduates
Determined to have financial need:
80% of first-year students
91% of full-time undergraduates
95% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
106% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
95% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
88% of first-year students
91% of full-time undergraduates
92% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
79% of first-year students
87% of full-time undergraduates
0% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
54% of first-year students
43% of full-time undergraduates
2% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
82% for first-year students
72% for full-time undergraduates
33% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$22,228 for first-year students
$18,198 for full-time undergraduates
$1,492 for part-time undergraduates
Average need-based gift award:
$23,156 for first-year students
$20,753 for full-time undergraduates
$21,480 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,785 for first-year students
$5,250 for full-time undergraduates
$4,422 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,422 for first-year students
$4,156 for full-time undergraduates
$4,422 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
7% of first-year students
7% of full-time undergraduates
0% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$10,536 for first-year students
$8,240 for full-time undergraduates
$0 for part-time undergraduates
Students who received a non-need-based athletic award:
73% of first-year students
61% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$333 for first-year students
$3,206 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 95%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
Parent loans packaged to meet need: yes
First-year loan package range: $5,500 - $25,000
Undergraduate loan package range: $7,500 - $25,000
Percent of undergraduates who have borrowed through all loan programs: 65%
Average student debt upon graduation: $19,899
Types of payment plans:
  • College Funds Installment Payment Plan.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • athletic scholarships
First-year scholarship/grant award range: $1 (full tuition)
Undergraduate scholarship/grant award range: $1 (full tuition)

ADDITIONAL INFORMATION

Tuition/Room and Board for 2007-2008:

Full-time tuition - $17,314/year

Room and Board - $5,786/year

Total on-campus - $23,102/year

  

Financial Aid Information for Accepted Students:

1. Request a PIN from the Department of Education at www.pin.ed.gov.  You must have this number to complete your Free Application for Federal Student Aid (FAFSA).     

2. Complete the FAFSA online at www.FAFSA.ED.GOV as soon as possible after January 1.

3. Complete the Montreat College Scholarship Application.

4. Students receiving a loan for the first time will need to complete the appropriate paperwork, including the Stafford Entrance Counseling Interview and the Master Promissory Note (MPN).

To complete the Master Promissory Note, visit one of Montreat's three preferred lenders:
Citibank- www.studentloan.com
National Education- http://www.nationaleducation.com
College Foundation- http://www.cfnc.org
The Master Promissory Note is available online at each one of these sites. Students will need their Department of Education PINs in order to sign the MPN electronically.

To see other applicable forms you may need to fill out, please visit the financial aid website.

If you have questions about financial aid or would like to check the status of your financial aid application, please call the Financial Aid Office at 800-545-4656 or e-mail financialaid@montreat.edu.          
 
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