| Type of Aid |
|
Description |
|
Criteria |
AMDA National
Scholarship Award |
|
AMDA funded program. Awards range from $1000 to $10,000. |
|
Audition for first-year admission. |
| AMDA Grant |
|
AMDA funded program. Awards range from $250 to $1000. |
|
Financial need. |
AMDA Institutional
Assistance |
|
AMDA-funded program. Awards range from $250 to $1000. |
|
Financial need. |
| Federal Pell Grant |
|
Federally-funded grant program. Awards range $400 to
$3,725 based on formula issued by U.S.
Department of Education. |
|
Financial need etermined by filing FAFSA. Students
who do not have a Bachelor's Degree, U.S. Citizens or Permanent residents
must file FAFSA form. |
| Federal SEOG |
|
Federally-funded grant program. Awards range from $400
to $800. |
|
Pell-eligible students only |
|
Federal Work Study |
|
Federally-funded on campus student mployment
program. |
|
Pell-eligible students only. Student interest. U.S.
Citizens or Permanent
Residents. |
| On-campus Employment. |
|
AMDA funded on-campus student employment program. |
|
Student interest. |
Federal Family
Educational Loan
Program |
|
Subsidized Student Loan. Students may borrow up to
$2625 in first year and up to $3500 in second
year. Repayment begins six months after separation with a variable interest
rate capped at 8.25%. |
|
Financial need. U.S. Citizens or Permanent residents.
Must file
FAFSA form. |
|
|
Unsubsidized Loan. Students mayborrow up to $2625 in first year
and
up to $3500 in second year. Variable interest rate beginning on the
date
of disbursement is capped at 8.25%. |
|
Students not eligible for subsidized loans. U.S.
Citizens or Permanent residents. Must file
FAFSA form. |
|
|
PLUS Loan. Parents may borrow up to the cost of education
less other
financial aid as determined by the AMDA Financial Aid Office. Repayment
begins as soon as loan is dis
bursed with a variable interest rate beginning at the date of disbursement
capped at 9%. |
|
"Dependent" student status according to federal guidlines
as determined by the AMDA Financial Aid Officer. U.S.
Citi-
zens or Permanent residents. Must file FAFSA form. |
|
|
Additional unsubsidized loans.Independent students,
and students whose parents are unable to borrow
a PLUS loan may borrow an additional $4000 in an unsubsidized student
loan. Variable interest rate
beginning on the date of disbursement is capped at 8.25%. |
|
Must file FAFSA form. |
