Financial Aid: Funding Your Education
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For assistance with your financial aid application or other questions, contact ALU’s Director of Financial Aid at 213-252-5100 x205 or finaid@alu.edu. We look forward to hearing from you!
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:
- Associate of Science in Business Administration
- Associate of Science in Criminal Justice
- Associate of Science in Paralegal Studies
- Bachelor of Science in Business Administration
- Bachelor of Science in Criminal Justice
- Bachelor of Science in Legal Studies
- Master of Science in Law
- Master of Science in Criminal Justice
- Master of Business Administration
- Juris Doctor
Financial Aid Eligibility Requirements
Financial Aid is available to those who qualify. To be considered eligible, the following must apply:
- Valid Social Security Number, except for students from the Freely Associated States (e.g. Marshall Islands, Federated States of Micronesia, and the Republic of Palau).
- U.S. citizen, national, or eligible non-citizen
- High school diploma or equivalent
- Maintaining satisfactory academic progress while attending ALU
- Satisfactory repayment status of prior Federal student loans
- Satisfactory payment arrangements of prior Federal grant overpayments
- Enrolled in an eligible program of study
How to Apply
- Complete the Free Application for Federal Student Aid (FAFSA) online at www.studentaid.gov. Be sure to include ALU’s school code 042438 in the School Section of the FAFSA. If you have already completed the FAFSA, update it online to include the ALU school code). The FAFSA must be completed each year.
- Additional documentation may be required by the ALU Financial Aid Office; if so, you will be notified via email.
- Students who wish to borrow federal student loans must also complete a Master Promissory Note (MPN) and Entrance Loan Counseling at www.studentloans.gov.
Timeline for Applying
Applicants are encouraged to complete the FAFSA when they apply for admission to ALU before the start of school. After a student is admitted, and the Financial Aid Office receives the applicant’s FAFSA information. The Financial Aid Office will then determine the student’s financial aid eligibility and send the student a Financial Aid Award notification. The student must sign and return the Award notification to indicate that they accept the financial aid award(s).
Applicants are encouraged to complete the FAFSA when they apply for admission to ALU before the start of school. After a student is admitted, and the Financial Aid Office receives the applicant’s FAFSA information. The Financial Aid Office will then determine the student’s financial aid eligibility and send the student a Financial Aid Award notification. The student must sign and return the Award notification to indicate that they accept the financial aid award(s).
Types of Financial Aid Available at ALU
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 – Bachelor’s degree – Dependent Student | ||
| Subsidized Loan | Unsubsidized Loan | |
| 1st year | $3,500 | $2,000 |
| 2nd year | $4,500 | $2,000 |
| 3rd year | $5,500 | $2,000 |
| 4th year | $5,500 | $2,000 |
| Undergraduate – Bachelor’s degree – Independent Student | ||
| Subsidized Loan | Unsubsidized Loan | |
| 1st year | $3,500 | $6,000 |
| 2nd year | $4,500 | $6,000 |
| 3rd year | $5,500 | $7,000 |
| 4th year | $5,500 | $7,000 |
| Graduate – Master’s and JD | ||
| Subsidized Loan | Unsubsidized Loan | |
| Per year | N/A | $20,500 |
*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).
Contact Us
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.
Financial Aid Administrator
213-252-5100 x205
finaid@alu.edu
Office hours: Monday-Friday, 9:00 a.m.-6:00 p.m., PT
Financial Aid Resources
Learn more about student loan repayment, how to use the IRS Data Retrieval Tool, and find links to important forms.
FAQ
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.
Consumer Information
Review ALU's catalogs and other relevant statistics.
Request Information
Explore how ALU’s online distance education courses can work for you. As one of the top distance education universities in California for non-traditional students, our Admissions team has the information you need to help you with your application and succeed with our school. Additional information is available for those who seek transfer credit or want to study at ALU as an international student.
If you prefer to speak to our Admissions Team directly, give us a call at 213-252-5100.
We are open between the hours of 9:00 AM & 6:00 PM PST Monday through Friday
