A loan is financial assistance that enables students and/or parents to borrow money from the federal government or a private lender. Here are some key points about student loans:
Students must be enrolled at least half-time (6 undergraduate hours, 3 graduate hours) each term to qualify for federal loans. If you request a loan, we will always recommend the best loan program for which you are eligible. Not all students are eligible to borrow from all loan programs.
Federal Direct Subsidized Stafford Loan
A Federal Direct Subsidized Stafford Loan is awarded to undergraduate students on the basis of financial need. Students will not be charged any interest prior to repayment or during any authorized periods of deferment. During deferment, the federal government pays the interest on the loan until the time of repayment. Payment is automatically deferred until the borrower is no longer enrolled on at least half-time basis. At the time the borrower is no longer enrolled half-time, a six month grace period begins prior to entering repayment.
You may check current Interest rates and loan fees for Direct Loans here.
Federal Direct Unsubsidized Stafford Loan
A Federal Direct Unsubsidized Stafford Loan may be awarded to undergraduate and/or graduate students. The loan is not awarded on the basis of financial need. Students are responsible for any accruing interest during in-school and deferment periods. Interest accruing during those periods may be paid or capitalized as agreed by the borrower and lender. You may check current Interest rates and loan fees for Direct Loans here.
Payment is automatically deferred until the borrower is no longer enrolled at least half-time. At the time the borrower is no longer enrolled half-time, a six month grace period begins prior to entering repayment. Interest on Federal Direct Unsubsidized Loans continues to accrue during the grace period.
Federal Direct PLUS Loans
The federal Direct PLUS program is a popular financing option for graduate students, and parents of undergraduate students. You may borrow up to the Cost of Attendance (excluding any other financial aid). All funds are received electronically and applied to the student’s AUM student account to pay university authorized charges. You may check current interest rates and loan fees for Direct Loans here.
Undergraduate students whose parents do not qualify for a Direct PLUS Loan may request additional loan funds in the Federal Direct Unsubsidized Loan Program. The funds may be requested by contacting the Office of Financial Aid after receiving notification the Direct PLUS has been declined.
When it comes to repaying your federal student loan, there’s a lot to consider. Understanding the importance of repayment and the repayment details can save you time and money.
Loan Disbursement Rules
All Federal Direct Loans at AUM are disbursed in two payments. Loans awarded for a single semester are disbursed in two equal payments over the semester awarded: the first payment is disbursed at the beginning of the term or loan period, and the second payment is disbursed at the midpoint of the term or loan period. However, Direct Stafford Loan funds for first-time, first-year undergraduate student borrowers may not be released until 30 days after the first day of classes for their first semester. Loan funds will be applied directly to your AUM student account.
Undergraduate students must be enrolled for at least 6 hours for the Direct Stafford Loan and Direct PLUS Loan funds to be disbursed. Graduate borrowers must be enrolled at least 3 hours of graduate coursework for federal loan funds to be disbursed.
A Master Promissory Note (MPN) or agreement to repay the loan must be completed and signed prior to the loan approval and disbursement process.
Students must also complete online Federal Direct Stafford Loan Entrance Counseling before funds can be disbursed.
Terms and Conditions of Title IV, HEA Loans
The university does not endorse or recommend any specific private loan lenders or products. To link to a nonprofit, independent website than provides information about private student loan programs and offers a comparison calculator, click here.
Private Student Loans
Private student loans should be considered as your last resort of funding opportunities. You should utilize all other financing options before applying for a private product. Remember, federal student loan programs are less expensive than 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.
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AUM Entrepreneurs are Fueled by Warhawk…Driven by Passion… The AUM Entrepreneur Club schedules networking events with guest speakers and great food. Their aim is to help aspiring students who are starting their own businesses.
Open to students and faculty who are interested in mathematics outside of the traditional classroom setting.
You are likely to find the AUM Investment Club discussing the hottest investment topics from Bitcoin to Warren Buffett over pizza and drinks. Activities include keynote speakers, stock portfolio competitions, and network with local investors. AUM Investments Club encourages academic achievement and provides an opportunity to learn from professionals about the many career choices offered to business administration graduates. For more information contact the club advisor, Dr. Tewhan Hahn, at email@example.com or (334) 244-3231.
The College of Business offers 10 student clubs and organizations that are active on the AUM campus and in the River Region all year long. Through these organizations, students are continually exposed to professional opportunities and experiences offered by some of the top companies in the U.S.
Join your friends who promote good study habits and academic success. Meet professionals in the field for networking opportunities.
Hot investment topics like Bitcoin or Warren Buffett could be the theme of an AUM Investment Club meeting, where you’ll be part of the conversation over pizza and drinks. Other activities include keynote speakers, stock portfolio competitions, and networking with local investors.
Grubhub is the nation’s leading mobile food-ordering marketplace, with more than 20 million happy users! With Grubhub, you can order ahead from all AUM dining options and pick up your food. No waiting, no hassle!
Download the Grubhub app.
Select “Get Started” to set up your account
Once your account has been established select “Accounts” in the menu
Click the “Find Your Campus” button
Search for “Auburn University at Montgomery” in the search bar
Click the “Add Affiliation” button
Select the category that pertains to your status on campus
Click the “Add Campus Card” button
Enter your AUM email address and password
Click the “Sign In” button
Complete Duo authentication
Once your campus card is confirmed, click “Ok”
Select View Campus restaurants
Now you can place your order!
Navigate to the “My Grubhub” screen
Click on the “Account” icon
Select “Campus Dining”
Enter your AUM email address and password on MyAUM
Monday – Thursday | 11 A.M. – 8 P.M.
Friday | 11 A.M. – 4 P.M.
Monday – Thursday | 7:30 A.M. to 8 P.M.
Friday | 7:30 A.M. – 4 P.M.
Once you have registered, you may log in using your e-mail address and password.
– Click on Isolation & Quarantine Dining Support Venue.
– Choose a delivery location. This will be the isolation or quarantine building and room you are staying in.* Please do not enter your normal room and building assignment unless you are isolating/quarantining in that room.
– Please note orders must be placed by 11:59 pm CST the day before the delivery date.
– Please order all meals for Friday and Saturday by 11:59pm pm CST on Thursday.
– You are encouraged to order your meals up to 3-6 days in advance.
– Click continue.
– You will then be brought to the menu page.
– Please choose the meal and choices available from those listed.
– Click the add meal button.
– Repeat the above process to choose any additional meals for that same delivery time and day.
– Next click on view cart.
– Confirm your choices for accuracy. If you need to make a change please use the “Edit Order” button on the top.
– Select your payment method.
– You will see an order placed message.
– You will receive a confirmation email for your order. Please check your order for any errors.