Ozoma doesn’t know what she would have done without the Carolina Covenant Scholars program, which relieved a lot of her anxiety about paying for college.
“It was just nice, especially with everything that had just happened,” said Ozoma, a sophomore pre-nursing major. “I’m not exactly sure what I would do if I had to worry about paying for school and everything else.”
The Carolina Covenant program, which promises a debt-free graduation to eligible low-income students, plays a crucial role in UNC’s affordability. Earlier this week, UNC was ranked the third most economically diverse college among the nation’s top schools by a New York Times blog.
The next public university was the University of Virginia at No. 49.
The study ranked schools with a graduation rate of at least 75 percent by calculating a College Access Index ? a number was based on factors including the share of freshmen receiving Pell grants and the cost of attendance for low- and middle-income families.
Since 2008, the share of incoming students receiving federal Pell grants at UNC has gone from 13 to 21 percent.
The average cost of attendance for low- to middle-income families included tuition, fees, room and board. It also took federal, state and institutional financial aid into account.
UNC’s net price from the 2012-13 school year was $7,600 — the 14th lowest on the list.