Federal School Code: 002944
Phone: (828) 689-1123
Fax: (828) 689-1300
Email: Financial Aid Office
Campus Box 6686
Mars Hill, NC 28754
Individuals who wish to be eligible for federal assistance in paying for college must complete a FAFSA form. Forms are available in the Financial Aid Office in Blackwell Hall and online:
FAFSA on the Web (online application)
If you have a federal Stafford Loan as part of your financial aid package, you must do the following:
Do not be overwhelmed by the task of paying for your balance. There are multiple options available to assist you, and we are here to help as you make these important decisions.
Talk with your personal Financial Aid Counselor if you are interested in exploring any of the options listed below.
Federal Direct Parent PLUS Loan: Parents of dependents can apply for a PLUS Loan. This loan is in the parent’s name, with repayment beginning within 60 days of the final financial aid disbursement for the academic year. An application for the PLUS Loan is available to download.
NC Parent Assist Loan: Parents of dependents can apply for a College Foundation Loan. Available to NC Residents and out-of-state students attending NC schools. No application or origination fees are required for this loan.
Payment Plan: Our Business Office offers a payment plan option through College Foundation of North Carolina. No interest charges are involved, only an annual enrollment fee. For more information about this option contact CFNC at 1-866-866-2362.
Additional Federal Direct Unsubsidized Loans: You may be eligible to have an additional Unsubsidized Loan if your parent is denied for the PLUS Loan.
Private Education Loans: A private education loan is in your (the student’s) name, with principal payments deferred until six (6) months after you leave school or fall below half-time status—less than six (6) credit hours a semester. Credit approval is required for this loan and often students need a cosigner. You can apply online with one of the lenders listed below, or with the lender of your choice.
The state and federal governments publish a wealth of information on the web about financial assistance for college. Those of particular interest in Mars Hill University students include the following: