Financial Aid 101 | Queens University of Charlotte

Financial Aid 101

Create Your Financial Aid Package

A financial aid package at any college or university will often consist of more than one type of financial support. No matter where you apply, your package might end up as a combination of scholarships, grants, loans and work-study.

At Queens, we offer several unique aid options available only to our prospective students. If you like what you see and hear about our school, let us help you get here. We are dedicated to working with you and your family to make this experience an affordable reality. The following show ways to supplement and support your education goals. Different categories of aid are broadly explained and then specific examples are provided within this guide.

If you like what you see and hear about our school, let us help you get here. We are dedicated to working with you and your family to make this experience an affordable reality.

FAFSA + Parent Plus Information

Queens University of Charlotte
The Free Application for Federal Student Aid, or FAFSA, is used by colleges and the federal government to determine your eligibility for grants, need-based scholarships, loans and workstudy programs.
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FAFSA Verification
If you see a note on your Student Aid Report or Queens tells you that you've been selected for FAFSA verification, don't worry: nearly one in three FAFSAs are!
Queens University of Charlotte
Parent PLUS Loans
Parent PLUS loans are one way to help your child pay for college, but they’re not for everyone. Here’s a quick overview of PLUS loans to help you decide if they’re a good option for you and your family.

Financial Checklists

Understanding Cost

The Queens' Net Price Calculator will give you a detailed estimate of what you could expect your first year at Queens to cost. We believe it is important to plan carefully and identify all of the possible components of your total expenses of attending Queens and therefore include a wide variety of costs to assist you in your planning. 

Aid Overview

Grants and scholarships are gifts offered by schools as well as the federal and state government that do not have to be repaid. For this reason, they are the first aid to consider as you begin researching what you might qualify for. The spectrum is broad and funds are awarded in many ways for a variety of accomplishments.

Loans are another way to invest in your education. Many have low interest rates which make them appealing - but make sure you understand the payment terms. These funds come from the federal government as well as private lenders. All federal loans are administered by The Department of Education directly through the student’s school. 

Federal work-study offers part time employment for eligible students who need supplemental income during college. Students get resume boosting experience while getting paid for meaningful work. Typically those with the greatest needs get priority. These funds do not have to be repaid.

Merit or Talent-Based Scholarships are given to students regardless of their financial circumstances. Merit and talent awards are typically the first type of aid one receives. The amount will vary and can cover up to the cost of attendance. These gifts are presented for academic or athletic success, community service or program-specific excellence. Grants may come from the school or another outside organization.

Graduate Student Aid: While we do offer some business school fellowships, most graduate students depend upon loans for their financial aid package.

Need-Based Aid: Determined by a student and his or her family’s financial situation, this aid helps cover the gap between the cost of attendance (COA) and the expected family contribution (EFC). Some schools require additional applications for need-based financial aid. Queens only requires the Free Application for Federal Student Aid (FAFSA) and in a few circumstances, a family resources worksheet.

An example of need-based aid for an academic year:

School’s Cost of Attendance  $48,000
Minus the Student’s Estimated Family Contribution - $23,000
Equals the Eligibility for Need Based Aid  $25,000
Minus a Merit Scholarship  - $10,000
= Unmet Need after Merit



Specific Types of Need-Based Aid:

Financial Planning Checklist for High Schoolers

Beginning July 1 before your senior year:

  1. Apply to college. Be thorough on your application. The more information you provide about your accomplishments and activities, the better your chances of receiving the highest merit award possible.
  2. Start applying for private and/or outside scholarships.

Beginning October 1 of your senior year:

  1. Complete the Free Application for Federal Student Aid (FAFSA) at Our school code is 002957.
  2. Apply for the Royal Scholarship Program at

Beginning in January of your senior year:

  • We anticipate mailing award letters by the end of January for all FAFSAs received by January
  • Before taking advantage of Federal Direct Loans, first-time borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) online at Parents of dependent students can also complete the Direct Parent PLUS Loan process at
  • Notify Student Financial Services of any scholarships you are receiving from institutions other than Queens

Reach Out

Financial aid can be daunting and confusing. We’re here to help. Reach out with any questions about tuition, aid, or the financial aid process to talk with a financial services counselor:


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