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Financial aid is awarded on the basis of outstanding scholarship, accomplishments, talent, and/or financial need. By using a combination of available assistance from federal, state, and University sources, AU will attempt to meet your financial need as calculated through completion of the Free Application for Federal Student Aid (FAFSA). The following information should answer many of your questions. If you have other questions, please contact the Financial Aid Office at financialaid@ashland.edu.

How much will my family pay for my education? Don’t just look at the price tag – financial assistance will reduce the cost for almost all families. So, you must apply for financial aid to determine how much your family will pay for your AU education. You can obtain an early indication of the amount of aid for which you may qualify by completing our online Financial Aid Estimator .

Am I eligible for financial aid? AU offers financial assistance to all students who have been accepted for admission to the University; will be enrolled at least half-time (6 credit hours per term) in a degree program; are not on disciplinary probation; and are meeting the standards required in the Financial Aid Satisfactory Academic Progress Policy.

To receive University funds, you must enroll on a full-time basis during the fall or spring semesters and pay the comprehensive rate of tuition. This excludes students in the Evening and Weekend, Nursing, and LCCC programs from institutional assistance although they are eligible for federal and state aid. Students attending less than half-time may qualify for a Pell Grant or part-time Ohio Instructional Grant.

Do I have to reapply for financial aid every year? All financial aid administered by AU is awarded annually. If you are awarded financial assistance for one year, you must reapply and meet established criteria in order to receive financial assistance in subsequent years.

Does living off campus affect my financial aid? Living off campus may affect your financial aid. If you currently live on campus and plan to move off, contact the Financial Aid Office to determine if your award will be affected by your housing change.

When do I receive my financial aid? Your financial aid will be disbursed to your account prior to the beginning of the term for which it has been awarded if all required paperwork has been received. Please note that Federal Stafford Loans, Federal Parent Loans, Federal Perkins Loans and Key Bank Alternative Loans are not credited to your account until ten days before each term begins and will not be reflected on your billing statement prior to that date. In addition, Federal Stafford Loans that have been awarded for one semester only will post in two disbursements, with the first installment disbursing ten days before the term begins and the second installment disbursing at the midpoint of the semester. Federal Stafford Loans for first-time freshmen do not disburse until 30 days into the semester.

Am I eligible for financial aid as an AU student enrolled in the Evening/Weekend, Nursing, or Lorain County Community College programs? AU students enrolled in these programs pay significantly less than the comprehensive tuition rate paid by regular, full-time undergraduate students. Therefore, you are not eligible for institutional grants and scholarships, but may be eligible for federal and state gift aid. In addition, if you are a student in the AU Evening/Weekend program at North Central State College (NCSC), you are eligible for only 73% of the normal federal aid amounts due to the shorter terms.

I will be attending another institution while I am enrolled at AU? What do I do about financial aid? If you will attend AU and another institution simultaneously, you may be eligible for federal and state aid through a consortium agreement.

Will I be eligible for financial aid while enrolled in a Study Abroad Program? While enrolled in study abroad or affiliate programs, you are not eligible for AU grants or scholarships. However, you may be eligible for federal and state aid, including federal loans. If you are planning to study abroad, contact the Study Abroad Coordinator in the Financial Aid Office for further information. Additional information on financial aid for study abroad is available at www.ashland.edu/cardev/cdc/abroad/regfininfo.html.

How do I apply for financial aid? Get step-by-step instructions to apply for undergraduate financial aid:

• Incoming undergraduate students
• Returning enrolled undergraduate students

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