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SOME FREQUENTLY ASKED QUESTIONS ON FINANCIAL AID - Who is eligible for financial aid? - Can a graduate student receive both financial aid and graduate assistantship? - How many students receive grants? And how much grant aid does each student receive? - How is financial need determined? - How is high scholastic achievement rewarded? - How and when should I apply for financial aid? - How are AUB Merit Scholarships different from other financial aid grants? - Can a student get a loan to pay some of his/her college costs? - Can a student pay some of his/her college costs by working on campus? - How should I apply for the Work Study Program? Q Who is eligible for financial aid? A Any student applying for admission may ask to be considered for financial aid, but only those students who have been accepted for admission and those whose families demonstrated financial need can receive awards. Priority is given to undergraduate students seeking their first bachelor degree. Graduate students may apply but may not receive more than 20% of their tuition if eligible. Q Can a graduate student receive both financial aid and graduate assistantship? A No, a graduate student cannot receive financial aid and graduate assistantship at the same time. A student who is on financial aid and then receives a graduate assistantship will have his/her financial aid ended effective the implementation of the graduate assistantship contract. Q How many students receive grants? And how much grant aid does each receive? A In 2007-08, 2,735 students (or about 82% of all financial aid applicants) received financial aid in the form of grants, with awards ranging from a few hundred dollars to the full cost of tuition and an average award of $3,523. Of the total financial aid recipients, 2,391 were undergraduate students representing 40% of all undergraduates at AUB. Click here to see the number and percentage of students receiving scholarship aid over the past five years. Q How is financial need determined? A AUB performs a financial analysis of the information collected on the Financial Aid Application completed by a student and his/her family. Supporting documentation is also collected. Several factors, including family income, assets such as home(s), car(s), and other property, number of school age siblings, and major changes in financial status are used when evaluating a family’s financial strength and ability to pay tuition costs. An interview is usually required for new students living in Lebanon. Further need assessment may require a house visit. Evaluations are then made by the Interfaculty Committee for Financial Aid. Every attempt is made to treat all families equitably. Q How is high scholastic achievement rewarded? A Financial need is a necessary condition for a financial aid grant. Small merit awards are also granted to needy students with high scholastic achievement records. More financial aid is awarded to students with financial aid high need and excellent scholastic achievement records than to students with low need and average scholastic records. Q How and when should I apply for financial aid? A Financial Aid Applications are available at the Office of Financial Aid or may be downloaded from this site. Applications must be completed by the applicant and his/her parents and submitted along with photocopies of all supporting documents by February 2, 2008, for first-time applicants, and by March 31, 2008, for previous financial aid applicants applying for the fall semester of academic year 2008-09. Previous applicants can apply online but should submit IN PERSON photocopies of all supporting documents. Q How are AUB Merit Scholarships different from other financial aid grants? A AUB Merit Scholarships are awarded on the basis of academic achievement alone; need is not a criterion, and no application for financial aid is required. AUB Merit Scholarships are awarded to the best ten new students each year and they cover full tuition for all the years a student is an undergraduate (assuming the student maintains a minimum 85% average). Q Can a student get a loan to pay some of his/her college costs? A To-date, three groups of students may receive a student loan from private banks through AUB. These are the medical students, undergraduate nursing students starting their second year, and students enrolled in the Faculty of Engineering and Architecture also starting the second year and on. Students do not apply separately for the loan. It is a necessary condition to have a need-based grant in order to be considered for the loan. Other conditions are set by the private lenders. Q Can a student pay some of his/her college costs by working on campus? A Yes. Full-time undergraduate and graduate students are offered the opportunity to work on campus whether or not they hold a grant, scholarship, or assistantship. In 2007-08 about 10% of undergraduates held campus jobs. Q How should I apply for the Work Study Program? A The program is administered by the Office of Student Affairs (not the Office of Financial Aid). Enrolled students should apply at the Office of Student Affairs early in the semester by completing an application available at that office. |
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