Financial Resources

Your questions may also be answered in the list of most common student FAQs.

Financial Assistance

There are several financial resources available to assist enrolled undergraduate, graduate and professional students who are experiencing impacts due to the coronavirus pandemic.

If you are in need of financial assistance as a result of the pandemic – and are enrolled in classes –  you’ll need to request COVID-19 Financial Assistance, administered by the Office of Scholarships & Student Aid. Here are a few things to keep in mind:

  • Enrolled students can apply for financial assistance by visiting the COVID-19 Financial Assistance page, and the deadline to request summer assistance is June 28, 2020. (Note there are separate forms for undergraduate and graduate students.)
  • In order to be eligible for any financial assistance, you must have completed the Free Application For Student Aid (FAFSA). If you haven’t already done so, you want to complete the online FAFSA application right away – the Office of Scholarships and Student Aid offers tips on how to apply for Financial Aid.
  • If approved, you will receive financial assistance as a refund. The fastest and easiest way to receive refunds is through Direct Deposit, so if you aren’t already set up, take a few minutes to do that now! Here are instructions on how to set-up direct deposit. 

Financial Resources

The Student Impact Fund was created to help undergraduate, graduate and professional school students who are adversely affected by natural disasters, including the COVID-19 pandemic. Funds can be used for emergency support for unmet individual basic needs of food, safety and shelter, and other critical needs to continue in school, and is one of the ways that Carolina funds financial assistance for students.

Corona Virus Aid Relief and Economic Security (CARES) Act

The Coronavirus Aid Relief and Economic Security (CARES) Act, which establishes and funds the Higher Education Emergency Relief Fund (HEERF), directs institutions of higher education – including UNC Chapel Hill – to provide emergency financial aid grants to students for expenses related to the disruption of campus operations due to coronavirus.

  • The University will distribute the full amount of CARES Act funding designated for students using guidelines established by the United States Department of Education.
  • CARES Act grants are awarded directly to students for qualifying expenses such as food, housing, technology, childcare, medical needs and other expenses resulting from the disruption to campus.
  • Grant amounts will vary by student and are unique to each student’s circumstances. To comply with federal requirements, CARES Act funding will be targeted to students who can demonstrate need through the FAFSA.
  • While we are incredibly grateful for the CARES Act funding, we expect it to only meet a portion of the total needs of our students. We continue to work to secure additional funding from private and other institutional sources.

For more information about CARES Act funding, please visit the University’s coronavirus website. For additional information about financial support for COVID-19 pandemic-related hardships, visit the Office of Scholarships and Student Aid.