Financial Aid
Federal and State Grants & Loans
Federal
Pell Grant
$661 to $6,495 / year- Must have financial need
- FAFSA Expected Family Contribution must range from $0–$5,846
Federal Supplemental Educational Opportunity Grant (FSEOG)
Up to $1,000 / year- Must have financial need
- Must be eligible for the Pell grant
- First-come, first served
Federal Work Study Program (FWSP)
Up to $1,000 / year- Must have financial need
- Requires an interview
- Students can review and apply for open positions at umo.joinhandshake.com/login. If hired, a portion of the student’s wages may be funded by the Federal Work Study Program
Federal Direct Parent PLUS Loan
Varies upon credit approval- Must complete FAFSA
- Complete online application at studentaid.gov/plus-app
- Applicant must be creditworthy and a dependent student’s biological, adopted, or step-parent
- Annual Amount: Varies upon credit approval and student’s financial aid budget
Federal Direct Student Loan (Subsidized & Unsubsidized)
- Cannot be in default
- Must have financial need for a subsidized loan
- First-time borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling
Annual Loan Amounts
Dependent — Freshmen
Up to $5,500
Dependent — Sophomore
Up to $6,500
Dependent — Junior / Senior
Up to $7,500
Independent* — Freshmen
Up to $9,500
Independent* — Sophomore
Up to $10,500
Independent* — Junior / Senior
Up to $12,500
* Or dependent students with a PLUS loan denial
State
North Carolina Need Based Scholarship
- Complete FAFSA
- Must be a permanent resident of NC
- FAFSA Expected Family Contribution is $0 to $16,000
- Must be enrolled full time or ¾ time
Annual Scholarship Amounts
Traditional Undergraduate Students
$672 to $8,640
Adult Undergraduate Students
$1,000 to $2,000
Ready to Get Started?
Apply for Financial Aid
Complete your FAFSA and include UMO’s school code 002949 to get started.
