Traditional Undergraduate Aid Sources

We work to help you secure financial aid packages that are as individualized as your situation. Here, we’ll cover available sources for aid, including VA benefits, grants, scholarships, loans, and student employment programs.

Types of Aid

VA Benefits

We accept VA benefits including Chapters 30, 33, 35 and the Yellow Ribbon program (only our traditional student population qualify for the YR program). All questions regarding VA payments or other VA/military questions should be directed to the VA School Certifying Official at You can also contact the U.S. Department of Veterans Affairs at 1.888.442.4551 or visit their website at Montreat College reserves the right to reduce institutional grants and scholarships based on outside resources you are receiving.  If you are eligible for the Yellow Ribbon Program, we match the Yellow Ribbon Award up to full tuition and required fees.


Federal Pell Grant (PELL)

The Pell Grant is a federal grant that provides funds up to $5,920 based on financial need. Eligibility is determined by completing the Free Application for Federal Student Aid (FAFSA). Disbursements will be made directly to your student account in the first half of each semester.

Federal Supplemental Educational Opportunity Grant (FSEOG)

FSEOG grants are awarded by our financial aid office based on financial need. To qualify, you must also be a recipient of a Pell Grant and have completed the FAFSA.


North Carolina Need-Based Scholarship (NCNBS)

This scholarship is restricted to students with financial need. Eligibility is determined by the NC State Educational Assistance Authority, and awards are based entirely on the FAFSA form—you must file the FAFSA to be eligible. For more information about the North Carolina Need-Based Scholarship, visit

Merit Scholarships

Montreat College offers merit scholarships to students based on academic achievement. These scholarships may be combined with other grants or scholarships, but cannot be combined with athletic scholarships. Rather, student-athletes receive a scholarship offer from their respective coach that is based on academic achievement, character, and athletic ability. All scholarships and awards are contingent on students maintaining Satisfactory Academic Progress.

For First-Time Freshmen

  • The Trustee Scholarship is awarded to students with an Academic Index* of 84 and greater. Financial value:
    • Residential students: $8,000/year (four-year value: $32,000)
    • Commuter students: $4,000/year (four-year value: $16,000)
  • The Presidential Scholarship is awarded to students with an Academic Index* between 77.00-83.99. Financial value:
    • Residential students: $7,000/year (four-year value: $28,000)
    • Commuter students: $3,500/year (four-year value: $14,000)
  • The Provost Scholarship is awarded to students with an Academic Index* between 69.00-76.99. Financial value:
    • Residential students: $6,000/year (four-year value: $24,000)
    • Commuter students: $3,000/year (four-year value: $12,000)
  • The Anderson Scholarship is awarded to students with an Academic Index* below 69. Financial value:
    • Residential students: $5,000/year (four-year value: $20,000)
    • Commuter students: $2,500/year (four-year value: $10,000)

*Academic Index is calculated by the following formula: (GPA x 10) + (SAT x .0375)

For Transfer Students

  • The Bell Scholarship is awarded to transfer students with a combined college GPA between 3.50 and above. Financial value:
    • Residential students: $8,000/year (four-year value: $32,000)
    • Commuter students: $4,000 per year (four-year value: $16,000)
  • The Gate Scholarship is awarded to transfer students with a combined college GPA between 3.00-3.49. Financial value:
    • Residential students: $6,000/year (four-year value: $24.000)
    • Commuter students: $3,000/year (four-year value: $12,000)
  • The Howerton Scholarship is awarded to transfer students with a combined college GPA between 2.50-2.99. Financial value:
    • Residential students: $4,000/year (four-year value: $16,000)
    • Commuter students: $2,000/year (four-year value: $8,000)

Academic Department Scholarships


Montreat College offers cybersecurity scholarships for new and transfer students interested in studying cybersecurity. The award is $2,000 per student, renewable annually, if student maintains eligibility requirements.
Requirements for eligibility:

  • Must be a new or transfer student
  • Must have a GPA of 3.25 or higher
  • Must have a demonstrated interest in the cybersecurity major and a career in cybersecurity

Download the Cybersecurity Scholarship Application.

The deadline to apply for the fall 2018 scholarship is March 15, 2018. Please send completed applications to: Kelli Burgin, Assistant Professor of Cybersecurity (

Outdoor Education/Outdoor Ministry

The Wetzel-Hagaman Awards were established at Montreat College to prepare the next generation of Christian outdoor leaders and educators. Penny Hagaman and Jake Wetzel invested their lives in many Montreat students over the years. The Outdoor Education Department established this award in their honor (see below).

  • Amount: Awards are for $2000 each ($1000 each semester) for incoming majors in Outdoor Education and Outdoor Ministry. Awards are only for the freshman/first year of study at Montreat College.
  • Number of awards: Up to ten awards will be given.
  • Application criteria: For details about the application process contact Dottie Shuman, Professor of Outdoor Education ( An application form and essay are required for each applicant.
  • Due date: The deadline for all applications and essays is March 1, 2018.

Outside Scholarships

Scholarships from sources or organizations outside Montreat may be based on items like need, ability, grades, profession, and heritage. Every scholarship has unique requirements and eligibility criteria. The following websites may be helpful in your search for scholarships:

Refer to this article, 10 Ways to Nab a Scholarship to Pay for College, for other sources of outside scholarships.

Keystone Scholarship

This scholarship is available for our traditional undergraduate students enrolled in our Traditional School of Arts and Sciences. It is based on need as determined by the FAFSA. It cannot be combined with athletic scholarships for student-athletes.


Federal Stafford Loan

Federal loans are commonly used. To apply, you must complete the FAFSA. If awarded, you will sign a Master Promissory Note (MPN) online using your FSA ID. The MPN is a multi-year binding document that must be signed before your loan can be certified. The MPN states the terms and conditions of your loan, including a repayment schedule, interest rate, deferment, and cancellation policy. Due to the multi-year nature of the MPN, you’ll be able to receive Federal Direct Loans without having to sign additional promissory notes as long as you remain eligible for Federal Direct Loans—for up to ten years. You should keep a copy of all documents for your records for (at least) the duration of your repayment period. Here are some additional details:

  • To be eligible as a first-time Direct Loan borrower, federal regulations require that you complete an Entrance Interview for Federal Direct Loans. It will remain valid for up to ten years after your first disbursement of Direct Loans.
  • If you have loans at another college, you will not need to do a new MPN and Entrance Interview through Montreat College.
  • These variable interest rate loans have a cap of 8.25 percent.
  • Repayment begins six months after you cease to be enrolled at least half-time.
  • Borrowers have up to ten years to repay, depending on the amount borrowed.
  • The subsidized portion is based on financial need, while the unsubsidized portion is available without regard to need.
  • The loan amount may not exceed the cost of attendance.
  • The amount of loan funds you may borrow depends upon your academic grade level, remaining financial need, and dependency status.

Federal Perkins Loan

These low-interest loans are funded by the federal government and by previous borrowers’ repayments. You apply by completing the FAFSA, and loan eligibility is based on financial need. Annual limits apply. Here are the details:

  • First-time Perkins Loan borrowers receive information about debt management before receiving loan funds.
  • Students who receive a Perkins Loan on their award letter must sign their promissory note online.
  • Repayment begins nine months after you cease to be enrolled at least half-time.
  • Payments are quarterly.
  • You’ll have up to ten years to repay the loan, depending on amount borrowed.
  • Subsidized and Unsubsidized Loans must be accepted in order to receive the Perkins Loan.

Private Loans

Private education loans are credit-worthy loans available to students who need loan funds in excess of what the federal government supplies in order to bridge the gap between cost of attendance and the amount of federal, state and institutional aid awarded. These loans are offered by private lenders. Unlike federal loans, Private Education loans require a new application each time a student wishes to borrow a private loan. We have a comprehensive neutral list of lenders to help you make informed borrowing decisions. Find it here.

Student Employment

You can earn money toward your education while contributing to the campus community and building your resume. Student employment positions are located on campus and do not require transportation. Position pay starts at $7.50 per hour and require about 10 hours per week. Timesheets are due on the 5th of each month, and payday is the 15th of the month. Unfortunately, there are many more students eligible for work positions than there are positions available—a student employment position is not guaranteed. A complete listing of available positions are made available in June.  All students are eligible to apply for these openings.

If you have transportation and the heart to serve the community, you might also consider applying for a community service position. These positions contribute to the vibrant communities that help us thrive—in Black Mountain, Ridgecrest, and Montreat.

Learn more