Financial Aid
& scholarships

You’ve got the will. And by taking this step, you’ve got the way.

At Atlantis University, we’re offering a wide range of options to minimize your costs, while delivering you an education hat’ll give you thehighest return on your investment.

Understanding
Types of Aid

If you need money for college, you might be considering different options. But before you apply for one, it’s important to understand how they work.

What is a scholarship?

Scholarships are funds awarded to students based on certain factors, such as academic achievement or financial need.

What is a grant?

A grant is a type of financial aid that does not have to be repaid in most circumstances. It’s usually awarded by the federal and state governments and by colleges and universities.

What is the difference between grants and scholarships?

Grants and scholarships are both types of gift aid. Gift aid is money that does not need to be earned or repaid, unlike student employment and student loans.

Although the words grant and scholarship are often treated as synonyms, grants tend to be based on financial need, while scholarships tend to be based on merit.

What is a student loan?

If you don’t have the money to pay for college, a student loan will enable you to borrow money and pay it back at a later date, with interest.

What types of student loans are available?

There are two main types of student loans:

  • Federal student loans funded by the U.S. government
  • Private student loans funded by banks and other financial institutions

Generally, federal student loans are cheaper, more available and have better repayment options than private student loans.

Federal
Financial
Aid

Federal Financial Aid is money from the U.S. Department of Education to help you pay for your college tuition and expenses.

Types of federal financial aid

There are two types of federal aid: federal grants and federal loans.

Federal grants

There are two main types of student loans:

  • Federal Pell Grant

    Pell Grants are only awarded to undergraduate students who display exceptional financial need and have not yet earned a bachelor’s or a professional degree.

  • Federal Supplemental Educational Opportunity Grant (FSEOG)

    This is a federal grant awarded to undergraduate students with exceptional financial need to help pay for their education.

Federal loans

  • Direct Subsidized Loans

    Loans for undergraduate students with financial need to help cover the cost of education expenses not covered by other financial aid.

  • Direct Unsubsidized Loans

    Loans for both undergraduate and graduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need.

  • Direct PLUS Loan

    Low interest loans designed to help students and parents pay for a college education not covered by other financial aid.

Another way to pay for your studies

The Federal Work Study (FWS) program gives part-time employment to undergraduate students who need income to help meet the costs of postsecondary education.

When available, Atlantis University provides part-time jobs for financially needy students through this program. Generally, students work 15-20 hours per week. Part of this program is community service.

How to apply for Federal Financial Aid

While it may seem daunting, applying for Federal Financial Aid is just a series of relatively simple tasks. Follow these steps to complete your application:

Step 1: Create a Federal Student Aid (FDA) ID using your own personal information.

Step 2: Complete and submit the Free Application for Federal Student Aid (FAFSA) form.

Step 3: Review your financial aid offer notification. Allow three to five days for your application to be processed. As you’re reviewing your award, keep in mind that these are loans that need to be paid back.

Step 4: Before accepting all that’s offered, it’s important that you only accept what you need. Use our Net Price Calculator to determine what your monthly payments will be when you complete your program.

Step 5: Follow the instructions for accepting your award.

Step 6: Complete a Master Promissory Note (MPN). This is a contract between you and your lender that states the terms and conditions under which you promise to repay the loan.

Don’t worry, you’re not in this alone.

We’re here to answer all of your questions and be sure that you have a true understanding of the costs to complete your program, your available funding sources, and what you need to do to make it all come together.

Federal
Financial
Aid

Federal Financial Aid is money from the U.S. Department of Education to help you pay for your college tuition and expenses.

Types of federal financial aid

There are two types of federal aid: federal grants and federal loans.

Federal grants

There are two main types of student loans:

  • Federal Pell Grant

    Pell Grants are only awarded to undergraduate students who display exceptional financial need and have not yet earned a bachelor’s or a professional degree.

  • Federal Supplemental Educational Opportunity Grant (FSEOG)

    Pell Grants are only awarded to undergraduate students who display exceptional financial need and have not yet earned a bachelor’s or a professional degree.

Federal loans
  • Direct Unsubsidized Loans

    Loans for both undergraduate and graduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need.

  • Direct PLUS Loan

    Low interest loans designed to help students and parents pay for a college education not covered by other financial aid.

  • Direct PLUS Loan

    Low interest loans designed to help students and parents pay for a college education not covered by other financial aid.

Another way to pay for your studies

The Federal Work Study (FWS) program gives part-time employment to undergraduate students who need income to help meet the costs of postsecondary education.

When available, Atlantis University provides part-time jobs for financially needy students through this program. Generally, students work 15-20 hours per week. Part of this program is community service.

How to apply for Federal Financial Aid

While it may seem daunting, applying for Federal Financial Aid is just a series of relatively simple tasks. Follow these steps to complete your application:

Step 1:

Create a Federal Student Aid (FDA) ID using your own personal information.

Step 2:

Complete and submit the Free Application for Federal Student Aid (FAFSA) form.

Step 3:

Review your financial aid offer notification. Allow three to five days for your application to be processed. As you’re reviewing your award, keep in mind that these are loans that need to be paid back.

Step 4:

Before accepting all that’s offered, it’s important that you only accept what you need. Use our Net Price Calculator to determine what your monthly payments will be when you complete your program.

Step 5:

Follow the instructions for accepting your award.

Step 6:

Complete a Master Promissory Note (MPN). This is a contract between you and your lender that states the terms and conditions under which you promise to repay the loan.

Don’t worry, you’re not in this alone.

We’re here to answer all of your questions and be sure that you have a true understanding of the costs to complete your program, your available funding sources, and what you need to do to make it all come together.

Scholarships

Atlantis University offers scholarships available to students who meet the criteria set by us. Amounts may range from $500 to $5,000 per semester and they can be used to pay for tuition, room, fees, books, supplies, equipment, dependent child care expenses, transportation, and rental or purchase of a personal computer.

The application process is simple. Just use our step-by-step guide:

Step 1: Apply to Atlantis University

Make sure you fill out an application to the university before you apply for any scholarships. But if you’re already a student, find and apply for the scholarship you’re interested in, right away.

Step 2: Find the right scholarship for you

Review our requirements carefully to make sure you meet the qualifications. You may only qualify for one type of scholarship.

AU Academic Scholarship: Funded by us and offered to applicants who have achieved academic excellence. Students must maintain a 3.50 GPA.

AU Financial Scholarship: Funded by us and offered to applicants who have an unmet need and don’t receive any other scholarships that cover some or all the cost of tuition. The criteria includes an acceptance by the AU Board of Directors.

AU Graduate Scholarship: Funded by us and provided for applicants who have graduated from one of our programs and are continuing their studies with Atlantis University. Students must have earned a degree program with a minimum of 3.00 GPA.

Asian Graduate Scholarship: Funded by us and provided for applicants who have successfully graduated from a recognized higher education institution in the Asian continent or from an Asian background, and are continuing their studies with Atlantis University. An original transcript must be received by the registrar office.

Hispanic Graduate Scholarship: Funded by us and provided for applicants who have successfully graduated from a recognized higher education institution in Latin America or from a Hispanic background, and are continuing their studies with Atlantis University. The criteria includes an acceptance by the AU Board of Directors.

Step 3: Apply for a scholarship

Before applying, make sure you have a completed scholarship form. There’s one for each type of scholarship. Contact us. We’ll provide you with all the documentation you need.

Step 4: Register for classes

Once you’ve applied for a scholarship, you can register for classes at Atlantis University.

Again. You won’t be in this alone.

We’re here to answer all of your questions. We can also offer you a listing of websites for additional scholarship benefactors. Chat with us and let’s make it work together.