Tuition & Financial Aid
Salem is dedicated to admitting qualified students and working with individual families to meet financial needs. Through need-based grants, low-interest loans, work-study programs, merit-based scholarships, and payment plans, Salem makes every effort to meet financial concerns and tailor a financial aid package to suit each individual.
Financial aid has met more than half of the monetary needs of current Salem students. The tuition and cost for a Salem student living on campus during the 2005-06 school year is $26,226. The breakdown of these costs is as follows:
Tuition: $16,975
Room and Board: $9,251
Financial Aid Facts:
70% of students receive financial aid.
The average financial aid award is $14,404.
Grants and Scholarships can range from $1,000 to $17,000.
Components of a Financial Aid award:
Scholarships
Grants
Loans
Work-Study
The average award is made up of 67% scholarships or grants, 21% loans and 12% work-study funds.
Salem is proud of the fact that Money Magazine ranked Salem as the third "best buy" among women's colleges in the nation the past several years. Salem has been among the top 10 women's colleges seven years in a row.
Applying For Financial Aid:
Eligibility for financial aid from Salem is determined by your documented financial need: the difference between Salem's total cost and what your family can contribute. This need is determined when you fill out the Free Application for Federal Student Aid (FAFSA). Salem's financial aid office figures need by adhering to a standard formula. Determining factors include taxable and nontaxable income, assets, family size, number of dependents in college, and unusual circumstances.
Additional Information:
Salem's Title IV code: 002960
Link to all school codes: www.ed.gov/offices/osfap/students/apply/search.html
Admitted students who complete the financial aid application by March 1 will receive priority in funding.
If you have questions about the FAFSA call toll free 1-800-433-3243.
Helpful Links for Financial Aid Information:
www.fafsa.ed.gov - complete the FAFSA online.
www.wiredscholar.com - general financial aid information and outside scholarship search.
www.finaid.org - general financial aid information.
www.fastweb.com - outside scholarship search.
Loan Information:
Salem College participates in the Federal Family Education Loan Program (FFELP) which includes Federal Stafford Loans and Parent Loans for Undergraduate Students (PLUS). To be eligible for these loans, you must first complete the Free Application for Federal Student Aid (FAFSA). After completing the FAFSA and turning in all the necessary documents, you will receive an award letter stating the Stafford loan type and amount you are eligible for. If your parents are interested in the PLUS loan, they must request it separately.
When you apply for the loan we will mail you several forms to complete. During the process, you will need to select a lender from our preferred list of lenders below. You can find out more about what they can offer you by going directly to their web site or by calling the Financial Aid Office and requesting a FFELP Fact Sheet.
Preferred List of FFELP Lenders:
Citibank - www.studentloan.com or call (800) 967-2400
College Foundation of NC - www.cfnc.org or call (888) 234-6400
College Loan Corporation - www.collegeloan.com or call (888) 972-0852
Educaid/Wachovia - www.educaid.com or call (800) 338-2243
National Education - www.nationaleducation.com or call (800) 353-3357
Student Loan Xpress - www.studentloanxpress.com or call (866) 759-7587
SunTrust - www.suntrusteducation.com or call (800) 552-3006
Financial Aid Staff Contacts:
Ronnette King, Director of Financial Aid - rking@salem.edu
(new student awarding, special condition forms)
Christy Chesnut, Assistant Director of Financial Aid - christy@salem.edu
(loan certification, work study, returning student awarding)
Ashley Nelms, Financial Aid Counselor - nelms@salem.edu
(document management, general information)
The Salem College financial aid office is located on the second floor of Lehman Hall on South Church Street.
The financial aid office may be reached at 1-800-32-SALEM.
Downloads:
| File (click to download) | Description | Size |
| Workstudy Application | Forms for 2006-2007 academic year | 50KB |
| NCLTG Application | 2006-07 NC Legislative Tuition Grant Application | 81KB |
| Financial Aid | Financial aid information sheet | 32KB |
| Estimate | Early estimator for financial aid | 31KB |
| Summer Application | Forms for 2005-2006 academic year | 299 KB |
| Verification Worksheet | Forms for 2006-2007 academic year | 252 KB |
| Professional Judgment Application for Dependent Student Students |
Forms for 2006-2007 academic year | 222 KB |
| Acrobat Reader | Software required to view and print these files | Varies |
