Auburn University of Montgomery (AUM) Financial Aid and Scholarships
Students Receiving Aid
72%
Total Aid Amount
$23.131M
Financial Aid Official Website
www.aum.edu/admissions/scholarships-and-financial-aid/financial-aid
As many as 98% of the students at AUM get some sort of financial aid, and the total amount of assistance/loans provided is more than $17,193,005 in a year. Notably, a total of 56% of the applicants to Auburn University at Montgomery receive the Federal Grant every year. On the other hand, 93% of the candidates get the Student Grant, 89% receive the Institution Grant, and 56% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,386, while the same comes to $798 for State Grant receivers and $2,851 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,192. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At AUM, an estimated number of 62% of the applicants choose to go for student loans.