Available for those who qualify.
Investing in higher education is a major decision. Abraham Lincoln University provides you with the resources and information necessary to make the best decision for your needs. Our Financial Aid Office is available to assist you with the cost of attendance and help you create a comprehensive financing plan that meets your budget and educational goals. Whether that means taking advantage of one of our 0% interest payment plans or applying for financial aid, we know the importance of funding your education, and the information below can help you get started.
For more information about Federal Financial Aid for select University programs please click here.
For help with the federal financial aid process, please contact ALU’s Financial Aid Office at (213) 252-5100 or email@example.com. We look forward to hearing from you!
Financial Aid is available to those who qualify. There are several requirements for you to receive federal financial aid. A few of the main ones include:
Federal Direct Loan Program
Federal Direct Loans are made directly from the U.S. Department of Education to students through the William D. Ford Federal Direct Loan Program. The two types of Direct Loans available at ALU are Subsidized Stafford Loans and Unsubsidized Stafford Loans. These loans offer a low, fixed interest rate with flexible repayment terms and MUST be paid back.
Direct Unsubsidized Loans (sometimes called Unsubsidized Stafford Loans) are federal student loans borrowed through the Direct Loans program that offer graduate students a low, fixed interest rate and flexible repayment terms. Demonstrated financial need is not required to qualify. A credit check or cosigner is not required. Students are responsible for paying the interest during all periods. If one chooses not to pay the interest while in school, during grace periods and deferment/ forbearance periods, the interest will accrue and be capitalized (that is, the interest will accumulate and be added to the principal amount of the loan).
Subsidized loans are based on demonstrated need which the government pays the interest on during the student’s enrollment (at least half-time) and in authorized deferment periods. On Unsubsidized loans, not a need-based loan, the student is responsible for paying the interest that accrues while in school and deferment/grace periods. Repayment begins six months after the student graduates or withdraws from school, or falls below half-time enrollment status.
Abraham Lincoln University is committed to providing the information and resources necessary to help every student achieve educational success. To accomplish this goal the financial aid staff will consider each student’s individual needs.