Higher education is an important investment in your future. Abraham Lincoln University provides you with the resources and information necessary to make the best decision for your needs; we make finding aid simple, allowing you to reach your goals without taking on undue financial hardship. Our Financial Aid Office is available to help explain your educational costs and to help you create a comprehensive financing plan that meets your budget and educational goals. The options include enrolling in our 0% interest payment plans or applying for federal financial aid. The information below about federal financial aid can help you get started.
ALU offers Title IV federal student financial aid to eligible students in the following programs:
For more information about financial aid for select University programs, please click here.
For assistance with your financial aid application or other questions, contact ALU’s Director of Financial Aid at 213-252-5100 x205 or email@example.com. We look forward to hearing from you!
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; these loans MUST be paid back.
Federal Direct Unsubsidized Loans offer students a low, fixed interest rate and flexible repayment terms. Demonstrated financial need is not required to qualify; a credit check or cosigner is also not required. Interest begins to accrue at the time of disbursement to the student’s ALU account. Students are responsible for repaying the entire amount of the loan, including the interest accrued during all periods. Students may choose to pay the interest while enrolled in school; if not, the interest will be capitalized (that is, the interest will accumulate and be added to the principal amount of the loan).
Federal Direct Subsidized loans are awarded based on demonstrated need as a result of your FAFSA information. The federal government pays (subsidizes) the interest on the Federal Direct Subsidized Loan as long as the student is enrolled half-time and during authorized deferment periods.
Annual Federal Direct Loan Limits*
The amount you can borrow from the Direct Loans program is subject to annual and aggregate loan limits set by the U.S. Department of Education. Annual limits specify how much you can borrow each academic year. Aggregate limits specify how much you can borrow cumulatively through the Federal Direct Loan program.
|Undergraduate – BSCJ, BSLS Subsidized Loan||Dependent Student Unsubsidized Loan|
|Undergraduate – BSCJ, BSLS – Independent Student|
|Subsidized Loan||Unsubsidized Loan|
|Graduate – MSLS, J.D. Unsubsidized Loan|
*These figures represent the maximum annual borrowing limits; not all students will qualify for the maximum amount.
Federal Pell Grant Program
The Federal Pell Grant program is a need-based grant from the federal government that does not have to be repaid. It is designed to help undergraduate students who have not earned a bachelor’s or a professional degree and who can demonstrate need as determined by the Department of Education. The amount of the student’s Federal Pell Grant award is based upon need, the cost of attendance, enrollment status, and annual federal funding of the Federal Pell Grant program.
ALU does not participate in the Federal Direct PLUS loan program (Parent PLUS or GRAD PLUS).
Abraham Lincoln University is committed to providing the information and resources necessary to help every student seeking financial assistance to achieve educational success. Please do not hesitate to contact us if you have any questions about financial aid.
Director of Financial Aid
Office hours: Monday-Friday, 9:00 a.m.-6:00 p.m., PST
Have some questions? ALU's financial aid offices are open Monday-Friday from 9 a.m.-6 p.m. PST. Review our FAQ page to learn more about our school and making the right choice for your needs and goals.