$4,622

Avg. Federal Grant

$5,312

Avg. Federal Loan

$122,098,818

Total Aid Awarded

American University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$122.099M

Financial Aid Official Website

www.american.edu/financialaid/

Accredited by the Middle State Association and recognized by the University Senate of the United Methodist Church, American University stands tall as a globally recognized institute. Being on the list of affordable universities, 56% of students studying at American University receive financial aid, which nearly sums up to $122,098,818.

Scholarships

The following scholarships are awarded to students at American University:

  • Freshman Merit Award: This award consists of many scholarships for which the student does not need to fill up different applications for different scholarships. It consists of scholarships such as the Presidential Scholarship, Frederick Douglass Scholarship, etc. These scholarships are renewable as long as the students remain eligible for it as per the criteria that are determined by the financial assistance office. Students who are within the Top 10-15 ranks are considered eligible for a merit award and may receive an amount of $8,000 to $22,000 annually.

  • PHI THETA KAPPA Scholarship: This scholarship, that’s worth $10,000, is exclusive to transfer students who are members of the Phi Theta Kappa Society and possess an aggregate GPA score of 3.2, with a minimum of 12 credits per semester, whereas students must successfully complete academic with overall 30 credits. 

  • Tuition Exchange Scholarships: This is a merit-based scholarship that is solely based on academics. In this scholarship, the student offered the amount of $38,000 per year, and to remain eligible for this scholarship student must satisfy the required criterion set by the university. Students need to maintain a GPA of 3.2 and complete every academic year with overall 30 credits, whereas students need to opt for a minimum of 12 credits per semester.

  • United Methodist Graduate Scholarship: This scholarship is exclusively for the graduates where a graduate student serves as an active member of the United Methodist Church.

Grants

  • Pell Grant:  Pell Grant is offered to the student who did not earn their bachelor’s degree and they want to enrol in the university to earn their first bachelor’s degree. This grant is awarded to those students who exhibit the financial need and in the need of great financial aid.

  • Supplemental Educational Opportunity Grant:  SEOG is a supplementary grant which is granted along with a Pell grant who demonstrated the crucial financial help by fulfilling FAFSA.

  • AU Grant: Irrespective of the other grant student received this institutional grant adjusted along with them and replaced with any other award to meet the expenses if any restriction is implied on the student need and AU grant is only applicable to tuition alone. Students cannot use the award amount to pay for any other expenses.

  • Supplemental AU Grant: This grant is available for students in addition to the AU grant, whereas students need to exhibit the significant need for financial aid through FAFSA.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

19%

State Grant Aid

2%

Institution Grant Aid

63%

Pell Grant

19%

Average Aid Awarded

Federal Grant Aid

$4,622

State Grant Aid

$503

Institution Grant Aid

$30,194

Pell Grant

$4,655

Financial Aid breakdown is very crucial for any student and family to get the general idea of how good is the university in providing aid to their students, how many percentages of students receive what kind of aid, what is the most popular trend of financial aid at the university. The financial aid breakdown is based on various factors such as expected family income, cost of attendance, financial aid eligibility, etc.

  • Around 19% of students receive federal grant aid, with an average of $4,622.

  • Approximately, 19% of the student receives a pell grant, which amounts to an average of $4,655.

  • Only 2% of students receive state grants, with just an average of $503.

  • 63% of the students receive the institutional grant at an average of $30,194.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$42,669

$30,001 - $48,000

$43,080

$48,001 - $75,000

$37,466

$75,001 - $110,000

$31,289

Over $110,000

$18,355

To take a decision on which university to choose is very vital for any student and family because it requires lots of analysis to understand and determine which college falls in the point of their income group and what kind of financial aid they receive. That is why the financial breakdown is performed for family incomes, which have been categorized into 5 income groups. This can potentially help you in making decisions on which financial aid to apply for, and can also help give you a clearer picture on the overall analysis.

The average federal assistance received for a student with a family income ranging from $0-$30,000 is $42,669, while a student with a family income ranging from $ 30,001-$48,000 is $43,080. The student has a family income ranging from $48,001-$75,000; the average federal aid received by them is $37,466. In contrast, the student with an annual income ranging from $75,001-$110,000 the average federal aid is around $31,289 is given. The student has an annual income level of over $110,000; the average amount of federal aid provided is $18,355 which decreased sharply by the previous income range group.

Student Loans for American University

Average Loan Amount Average Loan Amount received per year.

$7,801/Year

Students Taking Out Loans

56%

Loan Default Rate

1.8%

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