How much do high assets/non-custodial parental income affect eligibility for the Carolina Covenant?

Colleges and Universities A-Z University of North Carolina - Chapel Hill
1

I was hoping someone here with knowledge of the Carolina Covenant can help me.

I live in a single-parent household of three (my mom, me, and my younger brother) that makes about $23,000. I think we qualify for the simplified needs test for FAFSA, but there is still the CSS profile, which takes assets into account. Last year, I inherited a semi-large sum of money (I think it all totals to about $15-20k). It is currently in a trust in my name that I can’t access until I am 26.

My parents are divorced, and my dad makes significantly more than my mom, but he doesn’t have custody of me, and provides little financial support. My question is if I would still be eligible for the covenant, because I think that my mom’s income makes us eligible, but I have no idea how the other factors come into play.

2

In state or OOS?

If you are instate then you might be eligible for UNC system grants which seem to be be based on FAFSA EFC and not the CSS Profile.

I know it is not what you asked.