Financial Aid Resources

Contact Us

Outreach Educators are available to assist students with the process of identifying and applying for financial aid and scholarships.

Please contact New College Institute if you have any questions about applying for financial aid, completing the FAFSA, or preparing for college.  We are available to speak with students of any age....and their parents who are considering completing their college degree as well.

Call Sammy Redd at (276) 403-5611 Email: sredd@newcollegeinstitute.org 

or Steve Keyser at (276) 403-5612  Email:  skeyser@newcollegeinstitute.org

Financial Aid Through Our Partner Institutions

Financial aid may be provided through our partner institutions.  Students who demonstrate financial need typically qualify for federal grants and loans.  To determine eligibility for any type of financial aid, students MUST first complete the Free Application for Federal Student Aid (FAFSA).  In addition, our partner institutions may offer scholarships and grants.  Contact the financial aid office of the college or university sponsoring your program at New College Institute.

Links:
     Averett University
     Longwood University
     Norfolk State University
     Old Dominion University
     Radford University
     University of Virginia
     Virginia Commonwealth University

Federal, State, and Institutional Financial Aid

Students must complete the Free Application for Federal Student Aid (FAFSA) by the college's priority deadline, typically in mid-February to early March, to qualify for all sources of state and institutional funding. Students can apply after the priority deadline with the understanding that some sources of aid will no longer be available.  The FAFSA is available online at www.fafsa.gov.  FAFSA priority deadlines for all Virginia colleges and universities can be found at http://tinyurl.com/prioritydeadines.

For complete information about federal student aid programs, visit www.studentaid.ed.gov.  Information about state aid can be found at http://tinyurl.com/virginiafinaid.  Check with your college's financial aid office for information about institutional scholarship funds available for current and prospective students.
                       

Local & Regional Scholarship Programs

High school counseling offices are the primary source of scholarship information for graduating seniors.  Deadlines for most local scholarships are in March/April, so students should monitor scholarship files in the counseling office beginning in January of their senior year.  Counselors often use school websites to provide scholarship information updates.

In addition to the wide variety of local scholarship programs, there are substantial funds available from regional trusts and foundations.  Major funders include:

Southside Tobacco Loan Forgiveness Program - http://tobacco.swcenter.edu
Provides students with a loan of up to $4000 per year to be applied toward undergraduate tuition and fees at a 4-year college or university.  One year of loan debt is forgiven for each year the student works in the Southern Virginia region following graduation.  There are no income or credit requirements to participate in the program. Funds are disbursed on a first come, first served basis.  The program begins accepting applications in early March.  Open to students in Southern Virginia, including the counties of Henry, Patrick, Franklin, and Pittsylvania and Martinsville and Danville City.  Contact Paul Farrar, Program Coordinator, at (434) 572-5484 for more information.

JT - Minnie Maude Scholarship - www.jtmm.org
Awards more than $1 million annually in scholarship funds to traditional age and non-traditional students in this region.  Individuals living in the following locations are eligible:  Henry County, Martinsville City, Danville City, Pittsylvania County, Halifax County, Rockingham County, NC, and Caswell County, NC.  The application deadline for traditional-age students is April 1.  Application deadlines for non-traditional students are February 1, June 1, and October 1.

Martinsville Area Community Foundation - www.martinsvilleareacommunityfoundation.org
Awards several hundred thousand dollars in scholarship funds to traditional age and non-traditional age students in this region. Students complete one application to qualify for a variety of local scholarships. Funding is available for undergraduate and graduate students living within a 200 mile radius of Henry County Circuit Court in Collinsville.  Deadline is April 1.

Burroughs Scholarship Trust (as of 2011, this will be administered through the Martinsville Area Community Foundation)

Hughes Memorial Foundation - www.hughesmemorialfoundation.org
Provides scholarships for needy and/or at-risk traditional age students living in Southern Virginia, including Henry County, Martinsville City, Patrick County, Franklin County, Danville City, Pittsylvania County, and Halifax County.  Funding is available for undergraduate students only. Applications are also accepted from students living in Stokes, Rockingham, Caswell, and Person Counties, NC.

Community Foundation of the Dan River Region - www.cdfrr.org
Provides scholarship assistance for traditional age students in Danville City, Pittsylvania County, and Caswell County, NC.  Funding is available for undergraduate students only. Deadline is March 3.

Frankin County Human Resource Association Scholarship - Application
Employees of a company which is a member of the Franklin County Human Resource Association or a child  of an employee of a member company are eligible to apply. You do not need to reside in Franklin County. Contact FCHRA for more information.

Community College Scholarship Programs

Scholarship funding is available through the foundations of each of the regional community colleges.  Visit the scholarship websites of your community college for details and applications.

Patrick Henry Community College - http://tinyurl.com/phccscholarships
Danville Community College - http://tinyurl.com/dccscholarships

New College Foundation Scholarships

The New College Foundation administers the Ben Gardner and Antoinette Haskell Scholarship Programs, along with the Stanley Family Foundation Scholarship and the New College Foundation Scholarship.  These scholarships are available to students pursuing undergraduate degrees at New College Institute.  

The 2012-13 Scholarship Awards include: (subject to change)

Tuition Tax Credits

Undergraduate and graduate students are eligible for federal income tax credits of up to $2500 for qualified educational expenses.  Qualified expenses include tuition, fees, and books and can be claimed for money that students pay out-of-pocket or through loans.

Students should receive Form 1098-T in the mail from their college and should claim the credit on their taxes.

For more information, visit http://tinyurl.com/tuitiontaxcredits.

Books and Websites

These books are great resources for students motivated to extend their scholarship search beyond local and regional programs.

        How To Go To College (Almost) For Free - by Ben Kaplan
        The Ultimate Scholarship Book 2009 - by Gen and Kelly Tanabe

Students are also encouraged to visit the following websites for information about regional and national scholarship programs.

        Fastweb - www.fastweb.com
        College Board - www.collegeboard.com