Types of Financial Aid

Overview: Types of Financial Aid

FEDERAL DIRECT LOANS

Direct Unsubsidized Loans

 Non-need based

 Must complete Entrance Counseling and a Master Promissory Note on www.studentaid.gov.

 Accrues interest from date of disbursement

 Payments are deferred until graduation or until a student ceases enrollment

 Can borrow up to cost of attendance or $20,500 annually, whichever is lesser

 

Graduate PLUS Loans:

 Must apply and be approved on www.studentaid.gov

 Can borrow up to cost of attendance

 Student must complete a PLUS Master Promissory Note on www.studentaid.gov

 

ALTERNATIVE LOANS

 Private bank loans with varying interest rates based on credit

 Often have no loan fee

 Loan Vendor Options (or choose any loan vendor of your choice)

 

TEACH GRANT

(MEd & CAGS Student Only)

 Students must notify AIC of their interest in the Teach Grant by emailing financialaid@aic.edu

 Must complete Teach Counseling and an Agreement to Serve each year at www.studentaid.gov

 Must maintain a cumulative GPA of 3.25

 Information on who qualifies: www.studentaid.gov

Financial Aid

General contact information for the Financial Aid Office.

Find your Financial Aid Advisor.

Use this link to view all the options and information offered by the Office of Financial Aid.