Need-based aid (U.S. Federal loans)
Need-based awards are loans from the U.S. federal government that are administered by the American University Financial Aid Office. Two types of loans are offered:
Federal Direct Loan
Eligible students must be a U.S. citizen or permanent resident and be enrolled in a degree-granting academic program. Graduate students must be enrolled in at least six credits per semester to qualify for need-based assistance. Graduate students who qualify for federal loans may borrow up to $20,500 every two semesters. All federal loan programs require the FAFSA be filed before eligibility can be determined. Students who wish to apply for need-based assistance must submit the FAFSA (Financial Application for Federal Student Aid) by March 1.
Federal Graduate PLUS Loans
PLUS loans are intended to cover the amount of the total Cost of Attendance (COA) that is not covered by other financial aid. Students must have already completed the FAFSA to be considered for the Federal Direct loan prior to applying for the Federal PLUS loan.
For information regarding need-based financial aid and application procedures, visit the Financial Aid webpage, or to speak to someone in the Financial Aid office, please contact firstname.lastname@example.org or call us at 202-885-6103.