UNC- Greensboro today is announcing the UNC-G Guarantee, a need-based financial aid program that will guarantee eligible students a college education with little or no debt.
The program will begin this fall and was created thanks to a $6 million gift from an anonymous donor - one of several such mysterious gifts that arrived on the doorsteps of various universities last year.
"The UNCG Guarantee gives us an enormous opportunity to enhance student success at UNCG, and especially for our students who need the most help financially," said Chancellor Linda Brady in a Tuesday press release.
The program, similar in concept to the Carolina Covenant program unveiled several years ago at UNC-Chapel Hill, will at first provide financial support to 30 to 40 first-year students. It is expected to fund 130 to 140 students over four years. But that's just about 12 percent of all the UNCG students who would qualify, and the university hopes to raise funds to expand the program in the future.
The application deadline is April 1. Students chosen for UNCG Guarantee will receive a financial aid package that includes funds from the program’s newly created Lula Martin McIver Scholarship Endowment and other private gifts, along with federal and state grants.
The aid package will include tuition and fees; on-campus room and board; and books, supplies and other educational expenses. Currently, $14,500 per year covers these costs for in-state students.
