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Accept My Financial Aid
Once financial aid awards are available (typically by July 1 for continuing students), students will receive an email notification directing them to review their respective awards online.
Upon reviewing the awards, students should accept or decline the aid that has been offered. To proceed with the processing of aid, students are required to acknowledge that they have read, understand and will comply with the terms and conditions of their respective awards.
First time recipients of some awards (Federal Perkins, Federal Direct Stafford loans and federal work study) will be required to complete additional paperwork before the aid can be finalized.
Citizens and eligible non-citizens (permanent residents).
American University awards financial aid to students based on a combination of demonstrated financial need, academic achievement in high school or college (transfers) and the availability of funds. The Financial Aid Office determines student's eligibility for need-based aid using financial data received from the College Board's CSS Profile and the Department of Education's Free Application for Federal Student Aid (FAFSA). Based on this financial data reasonable Expected Family Contribution (EFC) is calculated.
The EFC is the anticipated amount that students can contribute from their respective resources plus an amount that parents can reasonably contribute from their resources. AU uses this information to calculate the family's financial need. Financial need is determined by subtracting the EFC from the cost of attending the university for an academic year.
The EFC is based on the financial data that has been submitted to the Department of Education on the FAFSA for federal aid consideration. The Department uses a federally-regulated needs analysis formula to determine the EFC. For Institutional need-based aid consideration the EFC is calculated based on the financial data provided on both the FAFSA and the CSS Profile.
Washington Mentorship students are eligible to receive Federal and Institutional financial aid during the Spring semester, after completing their first semester of fall, non-degree coursework