NC State Grant Return Policy

The North Carolina State Education Assistance Authority (NCSEAA) along with the College Foundation of North Carolina (CFNC) has established a return policy for state funded grants. The NC Scholarship is offered at Sampson Community College. State grants are awarded to students based on the completion of the semester. Student(s) that are awarded state grants must complete more than 35% of the semester or they will owe a repayment to the NCSEAA.

State grant recalculations are based on the last day attended by the student as reported on the withdrawal form by the instructor. The Financial Aid Office is responsible for completing the return to funds calculation. If determination is made that a portion of the state funds has been unearned and will need to be returned to CFNC, the college is required to return these funds back to the state within 45 days. Students are responsible for paying any portion of the charges that are outstanding after the Title IV calculation has been determined. The Finance Office will place a hold on the students’ accounts. Students will not be allowed to register for classes or receive a transcript until the outstanding balance is paid in full.

Important note: Student(s) that are receiving both federal and state aid are required to complete at least 60 percent of the semester to have earned their entire federal and state aid. The NC State Grant Return Policy only applies to students that receive only state aid and no federal aid.

This policy is not the same as the Sampson Community College refund policy.