Chowan University announced last week a surprising and welcome Christmas gift to students: a projected $1 million increase in Chowan-funded financial aid beginning fall 2019. This is on top of the over $17 million Chowan University awards annually, in addition to state and federal funds.

Chowan unveiled the $1 million plan, dubbed Faith to Finish, in a statement released Friday, November 30. The timing of the announcement was critical, as many college students and their families will make difficult decisions about the affordability of higher education over the winter break. “We hope that by announcing this increase at this time, more students will be able to stay the course and complete their education,” said Chowan University President Kirk E. Peterson.

Students who complete the FAFSA now will receive their 2019-20 award letter in short order. The Chowan University Business Office is poised to meet with students to help them determine exactly how much the new funding will impact their costs. To make this process even easier, Chowan held FAFSA Day on Wednesday, December 5, with staff on hand to assist students in completing the form. The FAFSA (Free Application for Federal Student Aid) is a form prepared annually by current and prospective college students in the United States to determine their eligibility for student financial aid. 

“Chowan University cares about helping students finance their education,” said Danny Davis, Vice President for Business and Finance. “We are committed to working closely with students and their families through the financial aid process and beyond to ensure their success.”  

The changes reflect months spent analyzing and refining the financial aid offerings at Chowan. In conjunction with other new initiatives such as Finish, a guided plan to help ensure students graduate in four years, the increased aid will empower more Chowan students to complete their education on time and at a lower cost.