$5,095

Avg. Federal Grant

$6,278

Avg. Federal Loan

$42,706,297

Total Aid Awarded

Alabama A & M University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$42.706M

Financial Aid Official Website

www.aamu.edu/admissions/fincialaid/pages/default.aspx

It is interesting to note that, every year, around 90% of students at AAMU receive some kind of financial aid, while the total amount of assistance/loans provided is $25,919,080. More information regarding the financial assistance schemes can be accessed on AAMU’s official financial aid page at http://www.aamu.edu/admissions/fincialaid/pages/default.aspx. The total percentage of candidates applying to Alabama A & M University who receive the Federal Grant is 71%. On the other hand, 87% of the candidates get the Student Grant, 64% receive the Institution Grant, and 71% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,299, the State Grant receivers and Institution Grant beneficiaries get $5,215 and $8,585, respectively. And, for the Pell Grant awardees, the average aid amount is $5,042. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Alabama A & M University, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

71%

State Grant Aid

5%

Institution Grant Aid

68%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$5,095

State Grant Aid

$7,281

Institution Grant Aid

$8,255

Pell Grant

$4,957

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,596

$30,001 - $48,000

$8,513

$48,001 - $75,000

$6,494

$75,001 - $110,000

$3,532

Over $110,000

$5,349

Student Loans for Alabama A & M University

Average Loan Amount Average Loan Amount received per year.

$6,427/Year

Students Taking Out Loans

72%

Loan Default Rate

18.2%

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#N/A

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