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Financial Aid

Home > Financial Aid

Financial Aid

Belmont Abbey College is committed to private higher education of outstanding quality while also being one of the most reasonably priced colleges or universities in the country.

SEE WHAT IT MEANS FOR YOU

Find the financial aid, scholarships, and grants just right for you

We have an array of opportunities available to make college affordable for all types of students. Find what’s relevant to you below!

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Cost Breakdown

Incoming Undergraduate Tuition 2023-2024
Tuition for full-time traditional students (12 — 18 credit hours per semester) $19,500 / annually
Additional credit hours (above 18) $650 / credit hour
Part-time day tuition (1 — 11 credit hours) $650 / credit hour
Annual housing
O’Connell or Poellath (all first-year freshman) $5,996
Annual Meals
Basic Meal Plan (14 meals/week w/ $200 flex dollars) $4,886
Unlimited meal plan (w/ $100 flex dollars) $5,116
*both meal plans are subject to a 7% NC sales tax
Enrollment Deposit
New resident student $400
New commuter student$200
Returning student (resident/commuter)
$300
Pay Your Deposit
  • List Arrow Commuting Students
  • List Arrow Resident Students

Estimated Costs for Traditional Students

2023-2024 Estimated Cost of Attendance for Traditional Students
Living on Campus

The following chart reflects estimated costs for students who plan to live on campus:

Direct Costs:
(Paid to Belmont Abbey)
Tuition$19,500
Food$5,356 (estimated)
Housing $6,700 (estimated)
Indirect Costs:
(Estimated expenses not paid to Belmont Abbey)
Books/Supplies$1,700
Transportation$1,100
Personal$1,800
Loan Fee$770
Total Estimated Cost of Attendance
$36,926
2023-2024 Estimated Cost of Attendance for Traditional Students
Living with Parents

The following chart reflects estimated costs for dependent students who plan to live with their parents:

Direct Costs:
(Paid to Belmont Abbey)
Tuition$19,500
Indirect Costs:
(Estimated expenses not paid to Belmont Abbey)
Food$2,900
Housing$1,650
Books/Supplies$1,700
Transportation$1,900
Personal$1,800
Loan Fee$770
Total Estimated Cost of Attendance
$30,220
2023-2024 Estimated Cost of Attendance for Traditional Students
Living Off-Campus

The following chart reflects estimated costs for dependent students who plan to live off-campus, but not with parents:

Direct Costs:
(Paid to Belmont Abbey)
Tuition$19,500
Indirect Costs:
(Estimated expenses not paid to Belmont Abbey)
Food$2,900
Housing$6,300
Books/Supplies$1,700
Transportation$1,900
Personal$2,400
Loan Fee$770
Total Estimated Cost of Attendance
$35,470
2023-2024 Estimated Cost of Attendance for Traditional Students
Living Off-Campus

The following chart reflects estimated costs for independent students who live off-campus:

Direct Costs:
(Paid to Belmont Abbey)
Tuition$19,500
Indirect Costs:
(Estimated expenses not paid to Belmont Abbey)
Books/Supplies$1,700
Food$2,900
Housing$14,000
Transportation$1,900
Personal$2,400
Loan Fee$120
Total Estimated Cost of Attendance
$42,520

Students attending only one semester may divide the cost in half.

Merit Awards

Merit Awards range from $3,500 to $5,000. The awards are based on a student’s transcripts and are not stackable with Honors and Premier Scholarships.

Trustees award

Award Amount: Up to $5,000
Qualifications: Average Unweighted GPA of 3.6

Chancellor’s award

Award Amount: Up to $4,000
Qualifications: Average Unweighted GPA of 3.5

Presidential award

Award Amount: Up to $3,500
Qualifications: Average Unweighted GPA of 3.0

Honors and Premier Scholarships

Apply before February 15th for preferred consideration.

Honors College

Qualifications: 3.5 Unweighted GPA
Duration: Renewable for up to 4 years. Students must be full-time and maintain at least a 3.0 GPA.

The Honors College offers two different scholarship programs:

The Honors College Scholarship

  • Award Amount: $8,500 annually
  • Awarded to students who apply, interview, and are accepted into the Honors College.

The Honors College Fellowship

  • Award Amount: $18,500 annually (full-tuition)
  • Awarded to a maximum of five new students annually who apply, interview, and are accepted into the Honors College.
  • Candidates are required to submit an Honors College Fellowship essay (prompt provided) by February 6th.
  • Attendance at the Honors College Scholarship Weekend (February 11-12th) is required.
  • Following the weekend Honors College fellowship recipients will be notified. The Honors College fellowship is not stackable with any other institutional award.
  • List Arrow Learn more about the honors college
Hintemeyer Catholic Leadership Award

Award Amount: $6,500
Qualifications: 3.2 Unweighted GPA
Duration: Renewable for up to 4 years. Students must be full-time and remain in good academic standing
Contact: Admissions@bac.edu, 704-461-6665

  • List Arrow Learn more about the Hintemeyer Catholic Leadership Award
St. Thomas More Scholarship

Award Amount: $5,500
Qualifications: 3.5 Unweighted GPA
Duration: Renewable for up to 4 years. Students must be full-time and maintain at least a 3.0 GPA
Contact: Admissions@bac.edu, 704-461-6665

  • List Arrow Learn more about the St. Thomas More Scholarship
Father John Oetgen Scholarship

Award Amount: $5,500
Qualifications: 2.75 Unweighted GPA
Duration: Renewable for up to 4 years. Students must be full-time and maintain at least a 2.5 GPA
Contact: Admissions@bac.edu, 704-461-6665

  • List Arrow Learn more about the Father John Oetgen Scholarship

Stackable Grants

Out-of-State Grant*

Amount: $1,000
Requirements: Non-weighted high school GPA of 3.25 or above, must fill out the FAFSA

Athletic Scholarships

Amount: Varies
Requirements: Contact your coach for additional information.

*Cannot be stacked with an athletic scholarship.
  • List Arrow Learn more about our athletics program

Federal and State Aid

We want to be sure that you are aware of all of the potential aid available to you, so that you can get the most out of your time at Belmont Abbey College without carrying the burden of heavy costs.

A great resource for financial help comes in the form of Federal and State aid. A variety of types of financial aid, from grants (which most often do not have to be repaid) to loans, are available. Review the grants and loans below, and be sure to apply to those that would be beneficial to you. Please note that promptly filling out the FAFSA will help you receive as much aid as possible.

FEDERAL PELL GRANT

The Pell grant provides college funding for students with a high degree of unmet financial need. The 2022-2023 minimum award is $692. The 2022-2023 maximum award is $6,895.

  • List Arrow LEARN MORE ABOUT THE PELL GRANT
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT (FSEOG)

This grant ranges from $200 to $4000 per academic year, depending on a student’s need and availability of funds. It does not have to be repaid, except in very specific circumstances.

  • List Arrow LEARN MORE ABOUT THE FSEOG
NORTH CAROLINA NEED BASED SCHOLARSHIP

If you are a legal resident of North Carolina and enrolled for at least 9 credit hours, you may be eligible for this scholarship. In addition to the FAFSA, you must complete the online NC Residency Determination Service.

  • List Arrow LEARN MORE ABOUT THE NC NEED BASED SCHOLARSHIP
FEDERAL STUDENT LOAN PROGRAMS

Two types of Federal student loans are available:

Subsidized Stafford Loans do not accrue interest until a student is no longer enrolled on a half-time basis. This is a fixed-rate loan, with the interest rate set each year on July 1. Stafford Loan borrowers at Belmont Abbey College are required to complete an online Master Promissory Note and Loan Entrance Counseling.

Unsubsidized Stafford Loans are for students who do not meet the financial need criteria for a subsidized loan. With this loan, the student must pay the interest while still in school. If you can’t make the interest payments, they can be added to your principal balance. The interest rate is set each year on July 1, and is a fixed rate loan. Stafford Loan borrowers at Belmont Abbey College are required to complete an online Master Promissory Note and Loan Entrance Counseling.

  • List Arrow LEARN MORE ABOUT UNSUBSIDIZED STAFFORD LOANS
FEDERAL LOAN PROGRAMS FOR PARENTS

PLUS Loans are available for every creditworthy parent who is a U.S. citizen or eligible non-citizen, and who has completed the FAFSA. Please apply by June 1. A delay can prevent the loan from being credited to your student’s account prior to first-semester tuition due date of July 1. PLUS Loan borrowers at Belmont Abbey College are also required to complete an online PLUS Application and Master Promissory Note.

  • List Arrow LEARN MORE ABOUT FEDERAL LOANS FOR PARENTS

Outside Scholarships

Pursue as many outside scholarships as possible to make your Abbey education even more affordable.

GOLDEN LEAF SCHOLARSHIP

The Golden LEAF Scholarship Program is designed to assist current high school seniors and North Carolina community college transfer students. Recipients must be from certain rural counties, demonstrate both financial need and merit, and plan to attend participating North Carolina colleges and universities. The scholarship is funded by the Golden LEAF Foundation through a grant to the North Carolina State Education Assistance Authority. The number of years of scholarship support depends on the degree sought and the number of credits transferred

  • List Arrow LEARN MORE
GOLDEN DOORS SCHOLARS PROGRAM

Golden Door Scholars invests in education and career access for high-performing DACA students. Their approach includes four-year college scholarships for high-performing high school grads and professional development and internship support. Since 2013, Golden Door has awarded scholarships to 45 exceptional students from an applicant pool of over 2,200 students.

  • List Arrow LEARN MORE
COLLEGE FOUNDATION OF NORTH CAROLINA

College Foundation of North Carolina (CFNC) is a free service of the State of North Carolina that helps students plan, apply, and pay for college. CFNC is a partnership of Pathways, the N.C. State Education Assistance Authority, and College Foundation, Inc. High school seniors from qualifying counties are eligible for up to a $12,000 scholarship ($3,000 per year for four years) to attend participating colleges and universities.

  • List Arrow LEARN MORE
THE CARDINAL NEWMAN SOCIETY ESSAY SCHOLARSHIP

The Cardinal Newman Society is pleased to announce its annual Essay Scholarship Contest. The winning essay writer will be awarded $5,000 toward the cost of attending a college recommended in The Newman Guide.

  • List Arrow LEARN MORE
SALLIE MAE SCHOLARSHIP SEARCH

College scholarships are financial aid for college that you can apply for through organizations, websites, scholarship tools, and more. Scholarships can be need-based, merit-based, or based on things like your hobbies, field of study, ethnicity, religion, and more. You don’t need to be number one in your class or at all.

  • List Arrow LEARN MORE
ANSWER SCHOLARSHIP

The ANSWER Scholarship offers moms 25 years and older with school-aged children an opportunity to receive a scholarship to further their educations. Scholarship recipients are provided a volunteer mentor to help with professional development and networking for career development.

  • List Arrow LEARN MORE

Private Student Loans

ALTERNATIVE LOAN PROGRAMS

Alternative loans are non-federal loans for students. These loans are creditworthy so the student will need a creditworthy cosigner. The cosigner is someone who will be responsible for repaying the loan if the student fails to repay. Students considering borrowing an alternative loan should investigate the terms of the loan prior to applying. Federal loans should always be considered prior to applying for an alternative loan

  • List Arrow Compare Alternative Loans.

Work Study Program