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Federal Financial Aid

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Office of Financial Aid

111 Taylor Center

The Office of Financial Aid administers and coordinates various types of undergraduate financial aid at Auburn University at Montgomery: grants, loans, and work-study. The Office of Financial Aid also works with university departments and outside agencies to coordinate disbursement of scholarship funds.

Students may apply for federal financial assistance for the next academic year beginning on October 1. Financial Aid requests are based on the results of a processed Free Application for Federal Student Aid (FAFSA). The FAFSA may be completed at www.studentaid.gov and must be renewed annually. Students are encouraged to submit the FAFSA by the school’s March 1 priority date each year.

Attendance monitoring is required by the U. S. Department of Education to support any disbursements made to eligible students receiving federal financial aid. Failure to begin attendance in any course for which a student is registered may require a reduction and/or cancellation in financial aid awarded.

Students receiving federal financial aid (Title IV funds) who withdraw from the University are subject to the Return of Title IV regulations. If a student withdraws (or ceases to attend) prior to completing over 60 percent of the term, a prorated portion of the federal financial aid must be considered unearned and returned to the federal program(s) and could cause the student to owe the University a balance upon withdrawal. See the Return to Title IV Funds Policy section for more details.

For more information on the application process, policies, and other general financial aid information, please visit the Financial Aid section of the Auburn University at Montgomery website.

Federal Financial Aid Programs Grants

Grants are a type of financial aid that does not have to be repaid and are typically based on demonstrated financial need.

Auburn University at Montgomery offers several types of grants:

  • The Federal Pell Grant is available to undergraduate students who have not received a baccalaureate degree and demonstrate financial need as determined by the results of the FAFSA.

  • The Federal Supplemental Educational Opportunity Grant (FSEOG) is available to Pell Grant recipients who demonstrate extreme need as determined by the results of the FAFSA. Since FSEOG funds are limited, students meeting the March 1 priority date are given priority consideration.

  • The Alabama Student Assistance Program (ASAP) is available to Pell Grant recipients who demonstrate extreme need as determined by the results of the FAFSA. Since ASAP funds are limited, students meeting the March 1 priority date are given first consideration.

  • The Federal TEACH Grant is available to students who are completing or plan to complete coursework needed to begin a career in teaching. Details on the requirements and service obligation attached to the TEACH Grant are available on the Financial Aid section of the Auburn University at Montgomery website. The grant may be converted to a Federal Direct Unsubsidized Loan if the service obligation is not met by the recipient.

Student Loans

Student loan programs provide long-term, low-interest loans for students and/or parents. Students must be degree-seeking and enrolled at least half-time (six undergraduate hours) each term to qualify for federal loans. Not all students are eligible to borrow from all loan programs.

Auburn University at Montgomery offers several types of federal loans:

  • The Federal Direct Subsidized Stafford Loan is available to students who demonstrate financial need as determined by the results of the FAFSA. Interest on this loan does not accrue during eligible periods of enrollment.

  • The Federal Direct Unsubsidized Stafford Loan is based on the cost of education as well as annual and aggregate loan limits. Students do not have to demonstrate financial need to be eligible for this loan. Interest on this loan begins to accrue upon disbursement.

  • The Federal Direct Parent Loan for Undergraduate Students (PLUS) is available to the parents or adopted parents of a dependent student to meet the cost of education not met by other financial aid assistance. Students do not have to demonstrate financial need for the parent to apply for this credit-based loan. The repayment period on this loan begins 60 days after the loan is fully disbursed.

Federal Work-Study Program

The Federal Work-Study Program is a federally funded program that provides part-time employment opportunities in various offices on campus and in the community to students who demonstrate financial need as determined by the results of the FAFSA. Students are paid at an hourly rate (typically minimum wage). Since funds are limited, students meeting the March 1 priority date are given priority consideration.