Alabama A & M University Financial Aid and Scholarships
Students Receiving Aid
87%
Total Aid Amount
$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%.
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