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Money Matters

FAFSA

Veterinary students receive most of their financial aid in the form of loans. Aid from most programs, including loans and scholarships, is awarded on the basis of financial need as determined by the Free Application for Federal Student Assistance (FAFSA). Applicants who anticipate the need for financial aid should complete the FAFSA online. The NC State University Title IV Financial Aid code to use when completing the FAFSA is 002972. It takes approximately four weeks for the FAFSA to be processed.

The NC State priority deadline for FAFSA filing is March 1.

Stafford Loans

The University Financial Aid Office administers the loan programs including the Federal Direct Stafford Loans (both subsidized and unsubsidized). The College of Veterinary Medicine also provides short-term loans in financial emergencies.

For more information about Stafford loans, see the University Financial Aid Office's web site at http://www.fis.ncsu.edu/financial_aid/

North Carolina Student Loan Program for Health, Science and Mathematics

The North Carolina State Education Assistance Authority offers low-interest loans of up to $8,500 per year which may be "forgiven" if students perform approved service for the State of North Carolina upon graduation. One calendar year of full-time employment in designated shortage areas is required for each school year a loan was received. Approved service areas include state facilities and educational systems, or designated veterinary science disciplines. The program staff must approve the employment site and receive annual verification of continued employment and compliance with all program regulations. For more information, see the NCSEAA web site at http://www.ncseaa.edu or call them at 919-549-8614.

Diversity Graduate Assistance Grant

This program provides stipends of up to $4,000 for the academic year, with an option of $500 in additional support for study in the summer session. Awards are only made to African-American students who are residents of North Carolina. Awards are only made to students who have been admitted to a doctoral program, the College of Veterinary Medicine, or to individuals who have been accepted to a master's degree program in a department offering the doctoral degree and who intend, and will be eligible, to pursue the doctoral degree at the same institution after completion of the requirements for the master's degree. Recipients must be enrolled as full-time graduate students as defined by the institution. The student must be admitted to full graduate standing and maintain a 3.0 grade point average.

For more information, please visit the Graduate School web site at http://www.fis.ncsu.edu/Grad/grants.htm or call 919-515-2872.

Scholarships

Scholarships for NC State College of Veterinary Medicine students are available on a limited basis through funds made possible by gifts from private benefactors as well as group donations.

Scholarships are awarded by the Faculty Scholarship Committee based on demonstrated financial need (as determined by the FAFSA) and academic achievement. In addition, some scholarships may require additional criteria established by the scholarship's donor, such as interest in a particular species or type of veterinary practice, community and volunteer involvement, or student activities.

Scholarship applications are made available online to current students in the spring and to incoming students after they have accepted an offer of admission. The Scholarship Committee meets during May to recommend student awards and DVM students receive their financial aid award reports in early June.

Scholarships from Other Sources

In addition to scholarships awarded by the college, some DVM students receive scholarships from private organizations such as kennel clubs or corporations.

The US Department of Agriculture sponsors the Saul T. Wilson, Jr. Scholarship Program in Veterinary Medicine, including up to $5,000 per year for undergraduate studies and $10,000 per year for graduate studies for tuition, books, tutors and laboratory fees, and paid employment during the summers with the Animal and Plant Health Inspection Service. Interested students can get more information from USDA/APHIS by calling 800-762-2738.

The College Foundation of North Carolina may offer more information about possible ways to finance your education. CFNC can be reached at 1-800-600-3453.

The U. S. Army offers a variety of scholarships for veterinary students. For more information about the Veterinary Health Profession Scholarship Program, contact Sergeant Sean Elwin at 919-872-3357, Sean.Elwin.usarec.army.mil, or see their web site at http://www.goarmy.com.

Costs of Attendance

The cost of education for full-time study at the NC State College of Veterinary Medicine includes tuition, fees, books, supplies, equipment, dues, immunizations and living expenses. The following estimate of expenses for veterinary students is based on proposed 2011-2012 tuition costs and federal cost of living estimates.

Effective the Fall 2010 semester, all students must be covered by Health Insurance. The mandatory health insurance offered through the university is currently $416.50 per semester for a single student. Covering family members increases the cost per semester. Complete rate information is available at: http://www.ncsu.edu/student_health/insurance/rates.html. Please add your cost to the totals below.

Annual estimates may change as fee schedules are altered periodically.

Counselors

Contact Johanna Donovan or Jeff Huckel with questions about money matters. Sid_Holloway is the CVM liaison in the Office of Scholarships and Financial Aid.