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Financial Aid and Student Accounts

Tuition for 2008-2009 has been set at $1178 per credit hour. The Office of Financial Aid will post a detailed cost guide in the coming weeks. If you are looking for information regarding payment plans or standard tuition and fees, please visit Student Accounts, or see below for information on financial assistance.

       

Newly admitted students will be receiving notice of their financial aid package by mail. The financial aid package will include need-based and merit-based aid awards and conditions. Below is more information on need-based aid and the services offered by AU's Office of Financial Aid.

       

Need Based Aid

       

American University's Office of Financial Aid is your point of contact for need-based aid.

       

Federal Stafford Loans
Graduate students who qualify for federal loans may borrow up to $18,500 every two semesters. All federal loan programs require the FAFSA be filed before eligibility can be determined. To be eligible for federal need and non-need based loans, graduate students must be:
    # A U.S. citizen or permanent resident
    # Enrolled in a degree-granting academic program
    # Enrolled in at least 6 credit hours per semester

       

All new students and first time borrowers who are eligible for federal loans are offered loans through the American University School as Lender Program. These loans will be serviced by Citibank.

       

Remember...Federal loans must be re-paid. Repayment will begin six months after graduation or after dropping below half-time status. Federal interest rates are variable but will never exceed 8.25 percent on a federal loan. Please contact Financial Aid for current interest rates.

  Federal Grad PLUS Loans
The Graduate PLUS Loan is available to graduate students to finance up to the cost of attendance minus other financial aid. For additional information and application instructions, please see http://www.financialaid.american.edu.

 

Private Loans
   
Those students who need more than $18,500 over two semesters may take out a private loan to help cover any remaining educational expenses. The amount you may borrow in an outside loan varies. Please check with your counselor for the amount that you may receive. You may use any lender of your choice. If you need suggestions, please see our outside lender list.

 

Alternative Student Loans
Private educational loans are available to eligible students and are provided by nationally recognized lending or banking institutions. It is recommended that students first complete the FAFSA to be considered for the Federal loan programs prior to applying for an alternative loan.

         

Payment Plans
   
Information about payment plans is available from Student Accounts.
    E-mail studentaccounts@american.edu.

       

If you have any further questions, please contact the Office of Financial Aid at:

       

Financial Aid Building
    American University
    4400 Massachusetts Avenue, NW
    Washington, DC 20016-8001
    Phone 202-885-6100
    E-mail:financialaid@american.edu

       

Office hours: Monday, Tuesday, Thursday, and Friday from 9:00 a.m.-5:00 p.m., and on Wednesday from 9:00 a.m.-7:00 p.m., Eastern Time