The following types of financial aid are available for AA students. Typically, students will receive a combination of aid depending on financial need and availability of funds.
- Martin V.B. Teem Scholarship – Based on financial need; approximately $500 to $1,000 per semester.
- Lettie Pate Whitehead Scholarship – Based on financial need; approximately $1,000-$2,000 per semester; must be Christian female from Southeastern U.S.
- Allied Health Tuition Loan – Based on financial need; approximately $2,000 per semester; 4.22% interest rate; 6-month grace period; no interest assessed until grace period expires; up to 10 years to repay; requires a parent to cosign.
- Direct Federal Unsubsidized Stafford Loan – Not based on financial need; up to $20,500 (minus any subsidized Stafford funds) per academic year; 6.8% interest rate; interest is assessed as soon as student receives full disbursement of loan but student can allow interest to accumulate and accumulated interest is added to loan amount when student begins repayment; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); no cosigner required.
- Direct Federal GradPLUS Loan – Not based on financial need; can borrow up to the Cost of Attendance (see below) minus any other aid student is receiving; 7.9% interest rate; repayment begins 60 days after student receives full disbursement of loan but student can request a deferment until 6 months after leaving school; interest accumulates if student defers payments while enrolled; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); student must pass a credit check or have a credit-worthy cosigner.
- Private Loans – Students are encouraged to take advantage of all institutional and federal aid before turning to private loans, which may have higher interest rates and/or lack some of the other benefits of federal aid. However, students who have reached federal loan limits or fail to meet certain academic requirements may need to look to private loans for assistance. These loans are available from some banks that participated in federal loans previously. Borrowers must be credit-worthy or have a credit-worthy cosigner. Check the Office of Financial Aid website for more information.
- Veterans Benefits – the university Office of the Registrar is responsible for certifying the eligibility and enrollment for students receiving veteran’s educational benefits. More information is available at http://www.registrar.emory.edu/students/va/va_edu_benefits.html.
- Emory Payment Plan – This plan is available to help students pay any balance owed to the university for tuition and fees over the course of the semester. Rather than paying the entire balance at the beginning of the semester, students make four scheduled monthly payments. There is a $60 fee to enroll in the payment plan. (There is no payment plan for summer semesters.) For details, see http://www.emory.edu/studentfinancials/Student_EPP.htm.