University of Mount Olive Financial Aid Assistance: Scholarships, Grants, Loans & Work Study

If you are a recent high school graduate considering a University of Mount Olive education, your first concern should not be the burden of how to pay for it. Finding the “right fit,” the best academics, and the most positive environment should be your top priority. That’s why making college as affordable as possible is one of our primary goals at the University of Mount Olive.

In order to assist in offsetting the cost of paying for college, the University of Mount Olive is committed to helping each and every incoming freshman student obtain the best financial aid package available. Our dedicated financial aid counselors are ready and available to meet with you individually to discuss the best options for you.

Explore the page below to learn how to apply for financial aid as a new student at the University of Mount Olive.

Applying for Financial Aid

The Free Application for Federal Student Aid (FAFSA) is used to determine what a family can contribute toward educational expenses per academic year. All incoming students except non-US citizens must complete a FAFSA.

To apply for need-based financial aid, you will need to submit a completed FAFSA. It is available at public libraries, local high school guidance offices and financial aid offices. You may obtain a PIN number at any time by visiting www.pin.ed.gov. In order for your FAFSA information to be sent to University of Mount Olive, please include the school code of 002949. Paper copies are also available online at www.fafsa.ed.gov.

The FAFSA asks for financial information about you and your family, like income and asset information, as well as your academic background. You will receive a Student Aid Report (SAR) based on the information you reported in your application. Be sure to check your SAR for errors and let us know if there are any corrections. We will develop a financial aid package for you based on the information in your SAR.

Requirements for Receiving Financial Aid

To be eligible for financial aid, you must meet the following general requirements:

  • US citizen or permanent resident
  • Officially accepted as a degree-seeking student to University of Mount Olive
  • Maintain satisfactory academic progress in a major course of study
  • Not be in default on an educational loan or owe a refund on a grant received at another college

Scholarships

As one of the most affordable private colleges in North Carolina, the University of Mount Olive offers a competitive financial aid package including scholarships, grants, and loans. A summary of scholarships and grants including their criteria and award amount are listed below to help ease you through this process.

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA). For a list of what you’ll need to file, click here. You can complete the FAFSA at www.fafsa.ed.gov or go to www.studentaid.ed.gov for more information.

INSTITUTIONAL

  • Athletic Scholarships

    1. Based on level of talent and fund availability
    2. Annual Amount: varies
    • Baseball
    • Basketball
    • Cheerleading
    • Golf
    • Lacrosse
    • Soccer
    • Softball
    • Tennis
    • Track and Cross Country
    • Volleyball
  • Bridge Grant

    1. Must have financial need
    2. Minimum HS/College transfer GPA of 2.5
    3. Annual Amount: Up to $1500
  • Departmental Scholarships

    1. Criteria based on departments (click here)
    2. Annual Amount: varies
    • Band
    • Braswell
    • Chamber Choir
    • CFFA
    • Concert Choir
    • Free Spirit
    • Jazz Band
    • Progress Energy
    • Science and Math
    • Visual Communications
  • Gap Grant

    1. Minimum HS/College transfer GPA of 2.5
    2. Annual Amount: Up to $1500
  • Herring Scholarship

    1. Must be resident of Duplin County, NC or town of Mount Olive, NC
    2. Annual Amount: varies
  • International Scholarship

    1. Must be a non US citizen
    2. HS GPA must be equivalent to a minimum GPA of 2.5 in the US
    3. Annual Amount: 50% of tuition only
  • Leaders Scholarship

    1. HS GPA 2.8 or higher
    2. Minimum SAT score of 920 or ACT 19 OR UMO College GPA of 3.0 or higher & 30 earned credits each academic year
    3. Annual Amount: $3000
  • Merit Scholarship

    1. HS /College transfer GPA 3.2 or higher
    2. Minimum SAT score of 1020 or ACT of 22 OR UMO College GPA of 3.0 or higher & 30 earned credits each academic year
    3. Annual Amount: $4000
  • Ministerial Benefit Grant

    1. Must be a licensed or ordained minister within the Original Free Will Baptist Convention
    2. HS GPA must be equivalent to a minimum GPA of 2.5 in the US
    3. Annual Amount: Traditional Students - Up to 90% of tuition only
      Nontraditional Students - amount will vary dependent upon need and other grant aid the student is receiving
  • Presidential Scholarship

    1. HS /College transfer GPA 3.7 or higher
    2. Minimum SAT score of 1020 or ACT of 22
    3. Annual Amount: $6000
  • Residential Scholarship

    1. Must be a recipient of either the Leaders, Merit, Presidential, or Braswell scholarship
    2. Must live on campus
    3. Annual Amount: $1200

FEDERAL

  • Pell Grant

    1. Must have financial need
    2. FAFSA Expected Family Contribution must range from $0-$5157
    3. Annual Amount: $575 to $5730
  • Federal Supplemental Educational Opportunity Grant (FSEOG)

    1. Must have financial need
    2. Must be eligible for the Pell grant
    3. First-come, first served
    4. Annual Amount: Up to $1000
  • Federal Work Study Program (FWSP)

    1. Must have financial need
    2. Requires an interview
    3. Students can review and apply for open positions at http://www.collegecentral.com/umo. If hired, a portion of the students wages may be funded by the Federal Work Study Program
    4. Annual Amount: Up to $1000
  • Federal Direct Student Loan (Subsidized & Unsubsidized)

    1. Cannot be in default
    2. Must have financial need for a subsidized loan
    3. First-time borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling at www.studentloans.gov
    4. Annual Amount: Dependent Students
      Freshmen - up to $5500
      Sophmore - up to $6500
      Junior/Senior - up to $7500

      Independent Students
      (or dependent students with a PLUS loan denial)
      Freshmen - up to $9500
      Sophmore - up to $10500
      Junior/Senior - up to $12500

  • Federal Direct Parent PLUS Loan

    1. Must complete FAFSA
    2. Complete online application at www.studentloans.gov
    3. Applicant must be creditworthy and a dependent student’s biological, adopted, or step-parent
    4. Annual Amount: Varies upon credit approval and student’s financial aid budget

STATE

  • North Carolina Need Based Scholarship

    1. Complete FAFSA
    2. Must be a permanent resident of NC
    3. FAFSA Expected Family Contribution is $0 to $15000
    4. Must be enrolled full time or ¾ time
    5. Annual Amount: Traditional Students - $2100 to $7200
      Nontraditional Students - $680 to $1360
  • Golden Leaf Scholarship

    1. Be permanent resident of a rural county that is economically distressed in NC
    2. Must have financial need
    3. Must be a high school senior or community college transfer
    4. Must apply online at www.cfnc.org by March 1 (Applicants must be registered with CFNC in order to apply)
    5. Annual Amount: $3000

Departmental Scholarships

Art

  • Departmental Scholarship

    • $500-1,500 per scholarship, based on portfolio review
    • Criteria:
      1. Art or visual communications major
      2. Must maintain full-time status at the University of Mount Olive
      3. Must maintain a 2.5 cumulative GPA
      4. Must participate in departmental events

Agribusiness/Agriculture Education

  • FFA Scholarship Award

    • $500 renewable annually up to four years
    • Criteria:
      1. Agribusiness or agriculture education major
      2. Must maintain full-time status
      3. Must maintain a 2.5 cumulative GPA
      4. Must maintain membership in the University of Mount Olive FFA (CFFA) and attend meetings monthly
      5. Must participate in two community service/community awareness projects per semester and one fund-raising activity per year

Music

  • Charles and Margenette A. Hinnant Music Scholarship

    • Up to $3,000 renewable annually up to four years
    • Criteria:
      1. Demonstrate outstanding talent, academic ability, and good character
      2. Audition
      3. Letter of recommendation
      4. Maintain a 3.0 GPA in music courses overall
  • Ensemble Scholarships

    • Chamber Choir – up to $2,750 renewable annually up to four years
    • Free Spirit – up to $2,750 renewable annually up to four years
    • Concert Choir – up to $1,000 renewable annually up to four years
    • Chamber Ensemble – up to $1,000 renewable annually up to four years
    • Criteria:
      1. Must be a full-time student
      2. Audition
      3. Register for appropriate ensemble course
      4. Take an applied course each semester

Education

  • Braswell Education Scholarship

    • $6,500 renewable annually up to four years
    • Criteria:
      1. Teacher education major
      2. 3.2 high school grade point average
      3. Minimum SAT score of 1020 or ACT of 22
      4. Nomination by a high school teacher, principal, or community leader
      5. An essay, demonstrating language competency, on a topic determined by the Teacher Education Committee
      6. Students receiving the Braswell Scholarship are not eligible to also receive any merit-based scholarships

Please Note
Completion of the FAFSA is required to receive University of Mount Olive scholarships and grants. Awards are renewable for up to eight consecutive semesters of enrollment. Full-time enrollment at the University of Mount Olive is required. Awards are limited in quantity. Total financial aid cannot exceed the cost of tuition, fees, room and board. Additionally, institutional aid resources are limited and the University reserves the right to place a cap on the number of scholarships or grants offered or awarded at any time, or reduce institutional aid at its discretion.

For more information about financial aid services at the University of Mount Olive:

Visit Financial Aid Overview Page

The University of Mount Olive is a private institution rooted in the liberal arts tradition with defining Christian values. The University, sponsored by the Convention of Original Free Will Baptists, has locations in Mount Olive, New Bern, Wilmington, Goldsboro, Research Triangle Park, Washington and Jacksonville.