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Financial Aid for College
College is a significant investment in your future, so you might need help paying for college. We offer more than $36 million in financial assistance to AUM students annually. Let’s get started with applying for financial aid.
Financial Aid Options for College
It’s important to think about your financial future when you’re applying for colleges or continuing your education career for another year. AUM offers a wide variety of scholarships, grants, student loan options, and federal work-study programs to help you manage the financial demands that college can pose.
Federal Work Study
The Federal Work-Study Program is a federally funded program that provides part-time employment opportunities in various offices on campus and in the community to students who demonstrate financial need based on the results of the Free Application for Federal Student Aid (FAFSA). Students are paid at an hourly rate (typically minimum wage), and receive their pay through the university payroll system on a bi-weekly basis for hours worked. Federal Work-Study funds will not be credited directly to a student’s AUM student account.
Work-Study eligibility is determined each year as a result of early submission of the FAFSA and a student’s financial need.
Funding levels and the number of positions are limited, therefore, positions are not guaranteed to all eligible applicants or from one year to the next. Recipients must agree to work the hours required by these positions. The award amounts are typically made to allow you to work a maximum of 20 hours a week. Work schedules and positions are determined each semester, and are planned around the student’s class schedule. Priority consideration during the initial awarding period is given to students that complete the FAFSA by the March 1st priority date, and indicate you are interested in Work-study on the FAFSA.
Questions? We can help.
The Office of Financial Aid is here to help answer your questions about the financial commitment of college, how to create a solid plan for paying your student loans, what to expect when applying for scholarships and grants, and more. Visit our office, give us a call, or submit a question using our contact form, so you start feeling comfortable and confident about your financial plan for college.
Explore the forms you’ll need for these financial aid options.
Additional Financial Aid Resources
From planning financial aid for summer months to reviewing our formal financial aid policies, browse our additional financial aid resources.
Financial Aid FAQs
The financial aid staff is always willing to take the time out of their day to answer your questions. But if you’ve got a question that needs answering ASAP, there’s a good chance you can find the answer on our Frequently Asked Questions page. Explore our curated list of commonly asked questions about AUM financial aid.
Student Financial Counseling
You’re not alone in planning your financial commitment and journey at AUM. the AUM financial aid staff works hard to make an education at AUM affordable for every student. The Student Financial Counselors on campus are available to create an individualized plan to help you best tackle paying for your education.
Federal Financial Aid Penalties for Drug Violations
In accordance with U.S.Department of Education regulations, if a student is convicted of a drug offense after receiving Federal financial aid money, he or she must notify their respective Financial Aid Office immediately. Further, that student will become ineligible for further federal financial aid and will also be required to pay back any and all aid received after the conviction. Please see the current published information regarding this important regulation.
Entrance and Exit Loan Counseling
First time Federal Direct Loan borrowers at AUM must complete loan entrance counseling. This important information explains the mandatory process borrowers must undergo along with their responsibilities prior to accepting a federal loan. The primary reason for these efforts is to ensure that students have lower rates of delinquency in repaying their loans along with lower rates of defaulting on the loans.
The entire process is virtual and completed in 20-30 mins. Exit counseling provides important information to prepare you to repay your federal student loan(s).
If you have received a subsidized, unsubsidized or PLUS loan under the Direct Loan Program or the FFEL Program, you must complete exit counseling each time you:
