At American National University (ANU), we recognize the fact that many students need some type of financial assistance in order to make this initial investment in their futures.
To help meet these needs, American National University funded awards of more than $1 million in institutional grants & scholarships over the last few years.
Financial Aid Solutions Tailored to the Individual Student
To ensure that qualified and deserving applicants are given adequate financial assistance, our Financial Services Team will sit down individually with prospective students to identify available sources of financial assistance; some through the federal or state government and others through the University. We are committed to supplying possible funding solutions for those who qualify.
The Yellow Ribbon GI Education Enhancement Program (The Yellow Ribbon Program) is a provision of the Post 9/11 Veterans Educational Assistance Act of 2008. This program allows institutions of higher learning (degree granting institutions) in the United States to voluntarily enter into an agreement with VA to fund tuition expenses that exceed the highest public in–state undergraduate tuition rate. The institution can contribute up to 50% of those expenses and VA will match the same amount as the institution. Institutions that voluntarily enter into a Yellow Ribbon Agreement with VA choose the amount of tuition and fees that will be contributed. VA will match that amount and issue payment directly to the institutions. Most times this is done during the summer term when VA funding has reached its maximum during the year.
Application: Military services students with military education assistance funding are evaluated for eligibility during financial aid appointments.
Award: The grant will be awarded up to 50% of the Chapter 33 tuition payment.
BLUE RIBBON GRANT
The Blue Ribbon Grant is designed to recognize and assist veterans, active–duty military personnel, spouse and dependents by providing additional grant funds upon the exhaustion or expiration of military education benefits to support the individual to enhance their educational benefits.
Eligibility: American National University provides a grant of up to 35% of the total amount that is paid toward the direct cost of education on behalf of an individual qualified by the Veterans Administration under Chapter 30, 31, 33, 35, 1606, Military Tuition Assistance or State National Guard. (MYCAA recipients are not eligible)
Application: See the Financial Aid Office staff for an application
Award: Eligible students may accumulate up to a maximum of $18,000 to extend or complete their programs of study, or assist a current spouse or qualified dependent at American National University. Once earned the accumulated grant amount may be utilized to pay tuition and fees at American National University in any academic program or degree level. The grant can be used in any program or degree level and the grant funds must be used within 10 years of the last day of the term the Blue Ribbon Grant was earned.
The military student earning the grant may elect to transfer the earned grant to a current spouse or qualified dependent under the age of 30. In the event of such transfer, the grant will be considered earned, transferable, and payable toward the transferee spouse or qualified dependent’s account following the completion of any term in which the military student’s benefits are paid toward the transferor’s tuition and fees.
PRIVATE LOAN SUPPLEMENTAL GRANT
The American National University Private Loan Supplemental Grant assists students who utilize private loan funds to finance their tuition and fee costs at American National University.
Eligibility: American National University students who are financing such costs with private loan funds may qualify. The grant amount depends upon the number of courses financed by the private loan funds. Students who are taking Federal Direct Loans will not quality for this grant.
Application Process: Students are reviewed for eligibility at the time the institution becomes aware of their private loan.
Award: The maximum grant amount is equal to 40% of the amount of the private loan required to fund their education. Continued eligibility is determined at the time of reapplication.
BUSINESS PARTNERSHIP GRANT
The Business Partnership Grant was designed to provide additional assistance to students receiving employer tuition assistance, who are attending the University in order to obtain new job skills or to upgrade existing job skills
Eligibility: Eligible students are identified through association with a company that has entered into a tuition assistance agreement with the University. Continued eligibility is dependent on the continued receipt of employer tuition assistance. This award is not available to those who are enrolled as international students.
Award: Awards are made up to $1 for every $2 of employer tuition assistance received, limited to the amount of unpaid tuition costs.
WORKFORCE DEVELOPMENT GRANT
The Workforce Development Grant is awarded and funded by American National University. It is designed to assist eligible displaced or disadvantaged students in financing an education to help them enter or reenter the workforce or to transition into another career.
Eligibility: Eligibility is based on a student’s status as dislocated or disadvantaged, as determined through their association with local, state, or federal job training programs such as WIOA or TAA; the amount of a student’s remaining tuition and fees after the application of other aid; and the availability of grant funds. Students are required to utilize grant and scholarship funding available through local, state, and federal sources such as WIOA, TAA, Pell, SEOG, etc., institutional grants and institutional scholarships before they may be considered for the Workforce Development Grant. Students may receive this grant for subsequent years if eligibility criteria are met.
Award: If eligibility is established, awards are made annually, in an amount not to exceed $7,500 or the amount of a student’s remaining tuition and fee costs after the application of other financial aid, whichever is less. No more than $1,500 will be awarded per term.
HEALTH INFORMATION MANAGEMENT ALUMNI SCHOLARSHIP
The Health Information Management Alumni Scholarship has been established to assist the graduates of the American National University’s Medical Billing and Coding diploma program who are pursuing their Associates Degree in Health Information Management at ANU.
Eligibility: Students must be enrolled in the Health Information Management program no later than February 18, 2024. Students receiving the Health Information Management Alumni Scholarship will maintain their eligibility as long as they remain continuously enrolled.
Awards: The total scholarship of $1,125 per term and a $4,500 lifetime maximum per student.
The International Tuition Deposit Grant is designed to reward new international students who continue their education past the first term of studies. The purpose of the grant is to help international students to continue to work towards reaching their goal of obtaining a career education.
Eligibility: Each calendar year, new incoming international students who are enrolled in a program of study at American National University, have completed the first term and enrolled for the second term, qualify for this one–time grant, subject to availability of funding as described below.
Application Process: There is no application process for this grant. All new incoming international students who start their second term of study are eligible.
Award: Eligible students will be awarded the one–time grant amount up to the amount paid by the student for Matriculation fees. Grant payments are applied directly to students’ tuition and fee charges on their student accounts.
Continued Eligibility at American National University: No continued eligibility as this is a one–time grant.
The award year for the grant is defined as July 1st to June 30th. The total amount of funds allocated by American National University for the grant is $500,000 each award year. The availability of the grant will be evaluated at the end of each calendar year.
UNIVERSITY TRANSFER SCHOLARSHIP
The University Transfer Scholarship is designed to enhance collaboration between educational institutions and facilitate continued higher education for international students. It is offered to students from Universities and Colleges or English as a Second Language programs within the United States who transfer their I‐20 to American National University. The scholarship is a one‐time award of $1,000, credited to the student’s account their first term of enrollment, and is non‐renewable. The lifetime maximum award may be exceeded by an additional $1,000 in the event a student transfers to American National University or its affiliates due to the completion of a degree. This scholarship may not be combined with any other scholarship program and is available to students who enroll prior to May 5, 2024.
NEW – UNIVERSITY PARTNERSHIP SCHOLARSHIP
The University Partnership Scholarship is designed to enhance collaboration between educational institutions and facilitate continued higher education for students. It is offered to students from Universities and Colleges outside of the United States with whom American National University has signed a Memorandum of Understanding and certain Program Agreements. The agreements either relate to joint programs or to the acceptance of academic credits earned in certain other specific programs.
Initial Eligibility: Each calendar year, international students who have met the following criteria may qualify for this scholarship:
Have completed the portion of the joint program or completed specific programs as indicated in the Memorandum of Understanding and Program Agreements; and
Be enrolled in a designated program of study at American National University as specified by the signed agreements between both educational institutions.
Application Process: The application process consists of the submission of the following to an International Admissions Officer:
A completed American National University international student application and application fee
A letter by the University or College with which American National University has a Memorandum of Understanding and Program Agreements.
Award: Eligible students will be awarded $305 per course for each degree level Associates, Bachelors and Masters as determined in the Memorandum of Understanding and Program Agreements. Scholarship payments are applied directly to students’ tuition and fee charges on their student accounts.
Continued Eligibility at American National University: Continued eligibility (from term to term and level to level), is contingent on students’ continuous enrollment at the university. However, students who have had an interruption in their attendance due to a return to their home country for Visa purposes or health issues may have the requirement for continuous enrollment waived and be eligible to receive the remainder of their award. Such students should discuss their situations with their Campus Director who will forward the information to the Sr. Executive Vice President of Operations who will make the final determination of eligibility. The certification of receipt of the University Partnership Scholarship will be based upon the date that the application for admission is received by an International Admissions Officer. The award year for the scholarship is defined as July 1st to June 30th. The total amount of funds allocated by American National University for the scholarship is $305,000 each award year. The availability of the scholarship will be evaluated at the end of each calendar year. This scholarship cannot be combined with any other grants or scholarships including the Partnership for International Education Scholarship.
This grant has been established by American National University to provide administrators, at the direction of the President, with the ability to assist students in overcoming financial barriers to program completion, including but not limited to students who have experienced a reduction in eligibility for Title IV funds, students who are not eligible for Title IV funds, students whose schedules have created undue financial hardships, and students for whom a financial barrier due to a prior withdrawal from enrollment exists. It is the intent of the University in establishing this grant that its parameters be construed as widely as necessary to effectuate the goal of reducing financial barriers to enrollment, re–enrollment, and program completion.
This program was established for undergraduate students with financial need who have not earned a bachelor’s, graduate or professional degree. All undergraduate academic programs offered at ANU meet institutional eligibility requirements. Student eligibility is determined according to a formula established by the federal government. For the 2022-23 award year, the Federal Pell Grant annual award is up to $6895 for a full-time student. Eligible students who attend less than full-time or who attend less than the full award year are eligible to receive a reduced award. Beginning with the 2017-18 award year, eligible students may receive up to 150 percent of their Federal Pell Grant Scheduled Award. To be eligible for the additional Pell Grant funds, the student must be enrolled at least half-time in the payment period(s) for which the student receives the additional Pell Grant funds in excess of 100 percent of their scheduled award.
Students apply for this program by submitting the Free Application for Federal Student Aid (FAFSA). The completion of the FAFSA results in the calculation of an Expected Family Contribution (EFC)*, which is used along with other factors to determine the student’s eligibility for this grant. These factors include the academic year structure of the University, the student’s enrollment status, and cost of attendance. Pell eligible students may receive no more than the equivalent of 12 semesters of full time Pell disbursements during their lifetime. The amounts received under the 150 percent provision will be included in determining the student’s Pell Grant duration of eligibility and Lifetime Eligibility Used. Additional eligibility requirements for future award years will depend on the federal rules in place at that time.
* An increased Pell amount is awarded to otherwise Pell-eligible children of soldiers whose parent or guardian died as a result of U.S. military service in Iraq or Afghanistan after September 11, 2001, if the student was less than 24 years old when the parent or guardian died or was enrolled at an institution of higher education at the time of the parent or guardian’s death, and who has a Pell-eligible EFC other than 0.
IRAQ AND AFGHANISTAN SERVICE GRANT
This program was established for non–Pell Grant eligible children of military personnel killed as a result of service in Iraq or Afghanistan after September 11, 2001, if the student was less than 24 years old when the parent or guardian died or was enrolled at an institution of higher education at the time of the parent or guardian’s death, and who meets all other criteria for Pell Grant eligibility. Awards are made under the same terms and conditions as for Pell Grant and disbursements are calculated in the same manner as for Pell Grants.
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT
This program was established for undergraduate students with exceptional financial need who have not earned a bachelor’s, graduate or professional degree. Priority is given to Federal Pell Grant eligible students with the lowest Expected Family Contribution (EFC) figures (based on the federal formula). Awards are made in the amount of $150 for each term of the award year. All undergraduate academic programs at ANU meet the institutional eligibility requirements. Students apply for this program by submitting the Free Application for Federal Student Aid (FAFSA) by the deadlines published each year. Availability of funds depend on the authorization given to the University by the federal government.
FEDERAL DIRECT LOANS
Federal student loans are made available to students attending college on at least a half-time basis through the William D. Ford Federal Direct Loan (Direct Loan) Program. Under this program, the U.S. Department of Education is the lender. All programs at American National University are approved to participate in the Federal Direct Loan Program. Within this program, there are two types of federal student loans – direct subsidized loans and direct unsubsidized loans. A student may qualify for one or both depending on the student’s need and other factors. In general, the federal government pays interest on Direct Subsidized Loans while attending school at least half-time, for the first six months after leaving school (referred to as a grace period) and during a period of deferment. However, this benefit does not apply to all borrowers. See the Financial Aid Office or go to www.studentaid.gov to determine whether, and under what circumstances, the interest subsidy benefit applies to you. Students with Direct Unsubsidized Loans are charged interest from the time the loan is disbursed until it is paid in full. The maximum amount of federal student loans that can be borrowed depends if the student is an undergraduate, a graduate or professional student or parent. An undergraduate student can borrow each academic year in Direct Subsidized Loans and Direct Unsubsidized Loan in the range from $5,500 to $12,500, depending on the year in school and dependency status. A graduate or professional student can borrow up to $20,500 each academic year in Direct Unsubsidized Loans. Graduate students are ineligible for Direct Subsidized Loans but may borrow through the Direct Unsubsidized Loan program.
If the student is a first-time borrower on or after July 1, 2013, some students’ Direct Subsidized Loan eligibility is limited to a time period equal to 150% of the length of their program. This is called the “maximum eligibility period” . The maximum eligibility period is based on the published length of the program of study. This means that the maximum eligibility period can change if the program of study changes. The published length of each program can be found within the academic section of the catalog.
Please go to https://studentaid.gov/understand-aid/types/loans/subsidized-unsubsidized for more information regarding annual and aggregate loan limits and other financial aid information. Interest rates, fees, and loan limits are subject to legislative changes that may affect continuing eligibility. After a student graduates, leaves school or enrollment status goes below half-time the grace period will begin. During this period, repayment information will be sent to the student by the loan servicer. Payments are usually due monthly and will be discussed with the student and the loan servicer when determining the repayment arrangements. The loan servicer will provide the options available to repay the federal student loan.
Students may complete and submit the application for federal student aid, complete entrance counseling and sign the master promissory note at https://studentaid.gov. Note that Federal Stafford Loan information is submitted to the National Student Loan Data System, and information about the loans is accessible there to certain guaranty agencies, eligible servicers and eligible institutions of higher education.
FEDERAL DIRECT PLUS LOANS
All academic programs offered at the institution meet the Federal institutional eligibility requirements. Graduate students and parents of undergraduate dependent students are eligible to apply through the Federal Direct PLUS Loan Program. Such loans are available for students attending the University on at least a half-time basis through the William D. Ford Federal Direct Loan program. The Department of Education is the lender of this loan program. These Direct PLUS loans enable borrowers to borrow up to the cost of attendance minus other financial assistance received. The cost of attendance is determined by the University. Eligibility is determined, in part, upon the credit history of the borrower. A credit check is performed during the application process. Students and parents may complete and submit the application for federal student aid, complete entrance counseling and sign the master promissory note at https://studentaid.gov
Students and parents can request a deferment of loan repayment while the student is enrolled at least half-time and for an additional six months after the student graduates, leaves school or drops below half-time enrollment. If a deferment is not requested, payments will begin after the loan is fully disbursed (paid out). Repayment is made in monthly installments until the loan is paid in full.
Interest rates, fees, and loan limits are subject to legislative changes that may affect continuing eligibility. Additional information is available at www.studentaid.gov. Graduate students must complete entrance counseling prior to the receipt of a loan disbursement. Parent borrowers in certain, limited situations may have to complete entrance counseling as well. You may contact your Financial Aid Office for more information.
The Department of Education website, provides more information regarding annual and aggregate loan limits.
“Note that Direct PLUS Loan information is submitted to the National Student Loan Data System, and information about the loans is accessible there to certain guaranty agencies, eligible servicers and eligible institutions of higher education.”
PROFESSIONAL JUDGMENT: SPECIAL AND UNUSUAL CIRCUMSTANCES
On a case-by-case basis, American National University (ANU) has the discretion to assess extenuating circumstances that currently impact the student’s cost of attendance, the data utilized for calculating their Estimated Financial Contribution (EFC), and/or their dependency status. The purpose of professional judgment is to ensure that students receive an appropriate amount of financial aid to meet their educational expenses based on their individual circumstances. It provides flexibility for financial aid administrators to consider factors beyond the standard formula, offering a more accurate representation of a student’s financial need.
The following are a list of types of requests and some examples of extenuating circumstances:
Request for Special Circumstances for change to the Cost of Attendance – This may include an increase of childcare costs, increase of commuting expenses required for the program of study, increase of rent and utilities, and/or increase of purchasing special books and supplies.
Request for Special Circumstances for change to the Expected Family Contribution (EFC) – This may include loss or significant change in parents’ and/or dependent student’s income; loss or significant change in student’s (or spouse’s, if married) income; excessive medical and dental expenses for most current tax year (not covered by insurance) in excess of amount included in the Federal Methodology Formula (required method of calculating the EFC.)
Request for Unusual Circumstances – This includes a dependency override or a parent refusal status based on the student’s situation and determination is made based on the documentation submitted. If the situation warrants confirmation, the University may require documentation from a third party, e.g. teacher, counselor, medical authority, member of the clergy, prison administrator, government agency or court to establish the unusual circumstances.
Forms are available at the Financial Services Office and will be forwarded to the student as soon as requested. Documentation to support the extenuating circumstances must be received no later than 60 days of enrollment to be considered. ANU will review requests and communicate results to students as soon as practicable.
Not all students are eligible to borrow through the federal loan programs, and some students with financial need may prefer to participate in private loan programs. Accordingly, American National University participates with a variety of private lenders who make educational loans to students. The terms, loan limits and eligibility criteria vary between lenders, and the Student Services Office can assist in reviewing a student’s private loan options.
Additional information regarding the federal aid programs is available in the VA Catalog or in the Financial Services Office.
Tennessee Student Assistance Award (TSAA) – The Tennessee Student Assistance Award Program (TSAA) was established to provide non-repayable financial assistance to financially-needy undergraduate students who are residents of Tennessee. Applicants must be enrolled or accepted for enrollment, at least half time, at a public or an eligible non-public postsecondary institution in Tennessee. The TSAA is a state-funded grant program. Award recipients must be residents of TN and attending the Roanoke campus. Additional eligibility requirements apply.
College Access Program Grant (CAP) – CAP Grants help Kentucky’s financially needy undergraduate students attend eligible public and private colleges and universities, proprietary schools, and technical colleges. Award recipients must be residents of KY and attending the Louisville or Pikeville campuses. Additional eligibility requirements apply.
Kentucky Educational Excellence Scholarship (KEES) – The KEES program provides scholarships to students who earn at least a 2.5 GPA each year of attendance at a certified Kentucky high school. The better you do in high school, the more you earn toward college. You may also earn awards for ACT/SAT scores and Advanced Placement (AP), International Baccalaureate (IB) or Cambridge Advanced International (CAI) test scores. Home school and GED graduates may earn awards based on their ACT scores. Award recipients must be residents of KY and attending the Louisville or Pikeville campuses. Additional eligibility requirements apply.
THIRD PARTY PROGRAMS
EMPLOYER TUITION ASSISTANCE PROGRAM
Some employers encourage the professional development of their employees by providing tuition reimbursement to their employees. Students can contact their employers to see if they currently have or will develop an Employer Tuition Assistance Program. The University will partner with employers to increase the amount of tuition assistance offered through its Business Partnership Grant (see page 74). The University will be pleased to send information about these programs to any employer interested in learning more about our course offerings or degree requirements.
American National University is approved by the State Approving Agency for the education and training of eligible veterans and their dependents. To inquire about specific programs, contact the Financial Services Office.
WORK STUDY PROGRAMS
FEDERAL WORK STUDY PROGRAM
This program provides part–time employment for students with financial need. Jobs are available on and off site, providing student service and community service employment opportunities. Work schedules may not conflict with students’ class schedules. Employment under this program is dependent on the availability of federal funds. Applications for this program are available in the Financial Services Office. Award amounts are determined based on the hourly rate and hours required for the FWS job, generally for the period of an academic year. Continued eligibility depends upon federal rules and guidelines in place for each year.
INSTITUTIONAL WORK STUDY PROGRAM
American National University offers an institutional work study program which provides additional opportunities for students to help finance their educations. Whenever possible, work study employment is designed to improve students’ business skills and to provide experience for the business specialization in which they are enrolled. Students interested in this program should contact their Financial Services Office.
VETERANS AFFAIRS WORK STUDY PROGRAM
Qualified students enrolled at a rate of three–quarter time or greater in a college degree, vocational or professional program may “earn while they learn” under the Department of Veterans Affairs(VA) Work Study Allowance Program. This program is open to all individuals eligible for the following VA education programs, not just veterans, and permits eligible students to perform services related to the VA in return for a monetary allowance equal to the prevailing federal or state minimum wage, whichever is higher. The VA education programs are Post–9/11 GI Bill®, Montgomery GI Bill®–Active Duty, Reserve Educational Assistance program, Montgomery GI Bill®–Selected Reserve, Post–Vietnam Era Veterans‘ Educational Assistance Program, Dependents‘ Educational Assistance Program, Vocational Training and Rehabilitation for Veterans with service connected disabilities, and the Fry Scholarship. Eligible dependents under 38 U.S.C. Chapter 35 may use work study only while training in a state. Services a VA work study employee performs must be related to VA work, such as working at a VA facility, at educational institutions, or in certain veteran support capacities. For additional information and application procedures, please contact the school‘s veteran affairs office or the VA Regional Office at (800) 827–1000 or visit the VA website at www.va.gov.