If you are a recent high school graduate considering a Mount Olive College education, your first concern should not be the burden of how to pay for it. Finding the “right fit,” the best academics, and the most positive environment should be your top priority. That’s why making college as affordable as possible is one of our primary goals at Mount Olive College.
In order to assist in offsetting the cost of paying for college, Mount Olive College is committed to helping each and every incoming freshman student obtain the best financial aid package available. Our dedicated financial aid counselors are ready and available to meet with you individually to discuss the best options for you.
Explore the page below to learn how to apply for financial aid as a new student at Mount Olive College.
Applying for Financial Aid
The Free Application for Federal Student Aid (FAFSA) is used to determine what a family can contribute toward educational expenses per academic year. All incoming students except non-US citizens must complete a FAFSA.
To apply for need-based financial aid, you will need to submit a completed FAFSA. It is available at public libraries, local high school guidance offices and financial aid offices. You may obtain a PIN number at any time by visiting www.pin.ed.gov. In order for your FAFSA information to be sent to Mount Olive College, please include the school code of 002949. Paper copies are also available online at www.fafsa.ed.gov.
The FAFSA asks for financial information about you and your family, like income and asset information, as well as your academic background. You will receive a Student Aid Report (SAR) based on the information you reported in your application. Be sure to check your SAR for errors and let us know if there are any corrections. We will develop a financial aid package for you based on the information in your SAR.
Requirements for Receiving Financial Aid
To be eligible for financial aid, you must meet the following general requirements:
- US citizen or permanent resident
- Officially accepted as a degree-seeking student to Mount Olive College
- Maintain satisfactory academic progress in a major course of study
- Not be in default on an educational loan or owe a refund on a grant received at another college
Mount Olive College Scholarships
Merit-based scholarships are available for students meeting the requirements set forth by the Office of Admissions. These awards are renewable annually and are mutually exclusive:
- High school grade point average of 2.8 or higher
- A minimum SAT score of 920 or ACT of 19
- $3,000 per year for four years
- High school grade point average of 3.2 or higher
- A minimum SAT score of 1020 or ACT of 22
- $4,000 per year for four years
- High school grade point average of 3.7 or higher
- A minimum SAT score of 1020 or ACT of 22
- $6,000 per year for four years
- Free Will Baptist Tuition Grant: The FWB Tuition Grant is awarded to full-time students who are admitted into the traditional program at Mount Olive College and are members of an OFWB congregation that supports the Convention of Original Free Will Baptists. These scholarships are awarded annually to qualified OFWB Church members who want an opportunity to attend their own college. Scholarships are based on church membership. Scholarships are renewable each year based on maintaining satisfactory academic progress (SAP).
- Herring Scholarships: Herring Scholarships are available to students who live in the city limits of Mount Olive or are Duplin County residents. Students must also file a Free Application for Federal Student Aid (FAFSA). The amount of this scholarship varies.
- Athletic Scholarships: Scholarships are available in basketball, tennis, baseball, lacrosse, soccer, volleyball, softball, cross-country, track, cheerleading, and golf and are contingent upon a student’s fulfilling obligations to the athletics program.
- Departmental Scholarships: Several departments offer scholarships to students pursuing a particular major or who will be performing in a group. Scholarship amounts vary and may require portfolio review or audition.
- NC Need Based Scholarships: North Carolina residents who attend private colleges may be eligible for the NC Need Based Scholarship, which is variable according to need and availability. In order to be eligible, students must be an NC resident and complete a FAFSA.
Mount Olive College also participates in federal grant programs. US citizens and permanent residents who apply for and have financial need may be eligible for the Pell Grant.
For more information about financial aid services at Mount Olive College:
Mount Olive College is a private institution rooted in the liberal arts tradition with defining Christian values. The College, sponsored by the Convention of Original Free Will Baptists, has locations in Mount Olive, New Bern, Wilmington, Goldsboro, Research Triangle Park, Washington and Jacksonville.