Types of Aid
Grants are gift aid that is not repaid. Only undergraduates who have not previously received a bachelor's degree are eligible. Grants are awarded to those who exhibit exceptional financial need and apply for aid by the priority filing date. Several types of grants are described below:
Federal Pell Grant
Pell Grants are awarded to eligible undergraduate students who do not have a bachelor's degree. Award amounts are based on the assumption of 12 eligible hours per semester. Some Federal Pell Grant recipients are eligible for partial awards for less than half-time enrollment.
Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG is awarded to undergraduate students who do not have a bachelor's degree and who demonstrate exceptional financial need. Award amounts vary and are determined by the availability of funds.
Teach Grant Program
Through the College Cost Reduction and Access Act of 2007, Congress created this program that provides grants funds for postsecondary students who are completing coursework in a federally designated critical-need area of education and agree to serve for at least four years as a full-time highly qualified teacher in a low-income school.
Eligible students may receive up to $4,000 per year (amounts are prorated if enrolled less than full-time) in EACH Grant funds. Failure to complete the four year service agreement will result in the grant being converted to a Federal Direct Unsubsidized Stafford Loan in which you must repay in full, with interest accrued from the date of disbursement.
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Scholarships are gifts based upon varied criteria and do not require monetary repayment. Academic excellence, civic participation, college major, high school or college activities, and honors are just a few of the criteria used for selecting recipients.
Contact your academic college or department for information on scholarships that are awarded within your college or department. We also encourage you to contact high school counselors and civic organizations, such as churches and businesses, for information on scholarships that are not administered by the Admissions or Financial Aid Offices.
ROTC Scholarships
The Army has scholarship plans that provide most of the cost of education for students enrolled under their program. Contact the Army unit on the AUM campus for further information.
AIR FORCE Scholarships
Contact the Air Force Unit on the Alabama State Campus for further information.
EMPLOYMENT
Part-time employment, either on campus or off campus, enables students to earn money to apply toward educational expenses. Faulkner has several programs available:
Federal Work-Study Program
Federal Work-Study Program funding is awarded to undergraduate and graduate students who enroll at least half-time and demonstrate financial need. Federal Work-Study awards vary from $750-$800 per semester and are earned during the period of enrollment.
Off-Campus Employment
The Montgomery area offers a great opportunity for part-time employment during the school year. Contact the Career Services Office at (334) 386-7512 for more information.
Loans
The Federal Stafford Loan Program, both subsidized and unsubsidized, is available to graduate students through the Financial Aid Office.
Other Lenders
- Contact Financial Aid Office
Alternative Loan Program
Bar Study Loan Program