New freshman and transfer students admitted to AUP are eligible to receive an academic scholarship, based on merit, which can be combined with a traditional need-based tuition grant.
Merit-based scholarships are in the amount of € 1,000, € 2,000 or € 3,000 per year, depending on an applicant’s overall credentials.
Total aid may go up to 50% of tuition.
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To apply for AUP scholarships and grants, students must:
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(1) File the FAFSA if they are an American or a permanent resident of the US.
(2) Complete a Student Financial Assistance application (upon reception of your admissions application The Student Finance Center will then send you a Financial Aid application - See Admission Criteria and Application Steps for details)
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(3) Return the financial aid application along with the appropriate tax documentation or official income statements.
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Once a student is awarded a tuition grant, he or she must be enrolled full-time and must maintain a minimum cumulative GPA (Grade Point Average) of 2.5 in order to keep the award for subsequent semesters. To maintain an academic scholarship award, a minimum cumulative GPA of 3.0 is required. Continuing AUP students who are not currently receiving tuition grants, must maintain a minimum GPA of 3.0 in order to qualify.
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Stafford Loans - Stafford Loans are United States federally guaranteed loans that come in two forms: subsidized and unsubsidized. A student must be either an American citizen or green card holder in order to qualify. Subsidized loans are based on financial need and the U.S. government pays the interest on the loan while the student is enrolled in school at least half time. Unsubsidized loans are open to certain dependent students and all independent students and are not need based. Loan repayment begins six months after graduation or if a student drops below half-time status.
Parent Loan for Undergraduate Students (PLUS) is a United States federal loan available to parents of dependent undergraduate students to help finance their child's education. Parents may borrow up to the Cost of Attendance, less the amount of any other financial aid received. A credit check is required for the PLUS loan, so a good credit history is required. If an application for a PLUS loan is refused, the student may be eligible to borrow additional money under the Unsubsidized Stafford Loan program. Repayment for PLUS loans begins soon after funds are disbursed. | |||
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Tuesday, 18 September 2012
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