by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Interested in understanding the financial aid resources available at AAMU and your eligibility? Find the answers you seek below.
$7,918.00 is the typical Alabama A & M University’s first year financial aid package. Approximately 89% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Alabama A & M University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Alabama A & M University.
54% of incoming freshmen (915 total) were awarded scholarships at Alabama A & M University, averaging $7,904.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 69% of freshman students (1169 total) obtained federal grant aid, averaging $5,687.00 a piece.
Amount of Financial Assistance Per Income Level
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.88% | $8,751.00 |
| Income 30k-48k | 7.94% | $8,066.00 |
| Income 48k-75k | 4.27% | $5,751.00 |
| Income 75k-110k | 1.66% | $5,562.00 |
| Income 110k + | 1.01% | $2,962.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
1440 AAMU undergrads obtain grant aid (this is about 89% of the entire undergraduate student population). The average amount these students receive is $7,918.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
