Looking for additional help to fund your college education? A variety of programs exist:
Direct Loan Program. View your Direct loans online, e-sign your Master Promissory Note (MPN), and complete your Entrance Counseling at studentloans.gov.
Education Tax Incentives. Learn about education tax incentives such as the HOPE Scholarship Credit, the Lifetime Learning Credit, and more at http://www.irs.gov.
Free Application for Federal Student Aid. Complete the FAFSA online at www.fafsa.ed.gov. You must use your FSA ID and password to electronically sign the application or print and mail in the signature page after completing the FAFSA. You may create an FSA ID by visiting https://fsaid.ed.gov/npas/index.htm.
KHEEA Online. View your previous KHEAA loans online.
Loan Forgiveness For Teachers. The U.S. Department of Education provides Stafford or Direct Loan forgiveness for certified teachers who teach for five consecutive years in a public or private nonprofit elementary or secondary school designated as a low-income school. For each complete year of teaching, $5,000 of loan debt is forgiven.
Loan Repayment and Loan Consolidation. Students who have student loans are responsible for completing an exit interview at the time of graduation, less than half-time enrollment, or withdrawal. Repayment of the loan begins six (6) months after leaving school. For repayment, loan consolidation, and deferment options, please review the Department of Education Web site.
National Student Loan Data System. Check your Stafford Loan history online. You will need your FSA ID and password to access your account.
Private Student Loans. Private student loans should be considered "last resort" opportunities. You should utilize all other financing options before applying for a private product. Remember, federal student loan programs are less expensive that private loans and should be considered first. Private loan interest typically begins accruing immediately and fluctuates with market rates. Undergraduate private loan borrowers will typically be required to have a cosigner.
The lender, not AUM, determines eligibility for a private student loan. However, the university is required to certify your enrollment and calculate the amount you can borrow. The total loan amount is limited to cost of education minus financial assistance. Private student loan checks are mailed directly to the AUM Cashier Office, and require both the university and student must endorse the check for the funds to be applied to the student AUM account.
The university does not endorse or recommend any specific private loan lenders or products. A nonprofit, independent website that provides information about private student loan programs and offers a comparison calculator.
Selective Service. Register or verify registration status with Selective Service. Males age 18 and above MUST be registered with Selective Service to meet eligibility requirements for federal and state aid programs.
Scholarship Search. The Internet’s largest free scholarship search engine, FASTWEB is available with just a click! Also check out StudentScholarships.org, Alabama's leading source for finding scholarship money!
Student Guide. View a guide on student financial aid provided by the U.S. Department of Education.
Vocational Rehabilitation. Students with disabilities may be eligible for financial assistance through Alabama's Department of Rehabilitation Services. Call 800-441-7578 to find the nearest office for assistance.