Packaging Policy

The AAMU Financial Aid Award Packaging Policy: The award packaging covers a student’s financial need with different types of financial aid. A student’s need is therefore funded on a first-come, first-served basis, based on fund availability. Funds are distributed in the following sequence: The Pell Grants is considered to be the first source of aid to the student, therefore packaging Federal Student Aid, FSA, funds begins with Pell eligibility. When the Office of Student Financial Aid Office is notified that the student is a recipient of any types of scholarships, it is added to the student award’s as part of Estimated Financial Aid (EFA) after the calculation of the Federal Pell Grant (If applicant is Pell eligible). Aid is packaged in the following order: 

1. Federal Pell Grant
2. Scholarships
3. Alabama Student Assistance Grant/Knight (ASAP)
4. Federal Supplemental Educational Opportunity Grant (FSEOG)
5. Federal Work-Study (FWS)
6. Federal Carl D. Perkins Loan
7. Federal Direct Subsidized Loan
8. Federal Direct Unsubsidized Loan
9. Federal Direct Parent Loans for Undergraduate Students (PLUS)
10. Private Loans

Financial need is determined by subtracting the Expected Family Contribution from the Cost Of Attendance. 

Cost of Attendance 

• Expected Family Contribution (EFC)*
• Financial Need
   

Note: There are limited funds in the campus-based programs. If the funds are not available at the time a student is awarded, the packaging process will go to the next available aid source until the need has been met.