Financial Aid
Numerous financial aid options make the choice to pursue an advanced degree or credential much easier. From loans to scholarships, the following are a few opportunities available to prospective APU students.
Federal Aid
Federal Aid
Any student who wishes to apply for federal programs must be either a U.S. citizen, permanent resident, or an eligible noncitizen.
Federal Stafford Loan
The Federal Stafford Loan is a long-term, low-interest loan designed to provide students with additional funds for school. The loan comes in two forms:
Subsidized: The interest is paid by the government while the student is in school and during the grace period. The Subsidized Stafford is a need-based loan as determined by the FAFSA.
Unsubsidized: The student is responsible for the interest on this loan. However the interest may be capitalized and paid with the principle at repayment. The Unsubsidized Stafford is a non-need based loan as determined by the FAFSA.
Loan Limits:
• Teaching and Advanced Credentials, $12,500 annually up to aggregate
• Master’s and Doctoral, $20,500 annually up to aggregate
The interest rate on the Federal Stafford Loan is fixed at 6.8 percent.
Repayment on the Federal Stafford Loan begins six months after the student graduates, completes program, or drops below half time. All students applying for the Federal Stafford Loan must be admitted to a degree- or credential-seeking program and complete the FAFSA and Graduate Stafford Loan Worksheet. All students receiving a Federal Stafford Loan must complete a loan entrance before receiving loans and a loan exit upon dropping below half time, graduating, or exiting school. Entrance and exit processes can be accessed at www.apu.edu/graduatecenter/sfs/loan/.
Alternative Loans
Students who wish to apply for alternative loans must complete a separate application, have costs greater than their school budget, and be approved by the lending agency. Alternative loans must pay tuition in full before any refund will be given. Alternative loans are those monies received through any agencies or process other than the FAFSA.
