Arizona State University has made unprecedented increases in the amount of university gift assistance awarded to our students

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EXCELLENCE IS WITHIN YOUR REACH

In recent years, Arizona State University has made unprecedented increases in the amount of university gift assistance awarded to our students. In 2008-09, ASU awarded nearly half a billion dollars in all types of financial aid to more than 46,000 students, including almost $117 million in scholarships and $65 million in grant funding. The university, in partnership with alumni, civic groups, private foundations, individuals, and federal and state governments, remains committed to helping you reach your educational goals

Earning Power: The lifetime earning potential difference between having a high school diploma and a bachelor's degree is more than $1 million.

How Will I Pay for College?

Many of our students have asked this same question and worried about the answer. Good news! ASU has many financial aid options. Financial support is available in the form of scholarships, grants, Federal Work-Study, loans and outside resources. Almost everyone, regardless of income, can qualify for some form of financial aid. In fact, in 2007-08 more than 70 percent of all ASU students received some form of financial assistance.

How Will My Financial Need Be Calculated?

After filing the FAFSA, a student's financial need is calculated by subtracting the EFC from the student's COA. ASU then tried to meet as much of a student's calculated need as possible. See the steps you should take when applying for aid at ASU.

TYPES OF FINANCIAL AID AT ASU

Type of Aid Description
ASU Advantage ASU Advantage is the university's commitment to supporting Arizona students from low-income families, by covering the direct costs of attendance with aid that does not require repayment.
Scholarships Scholarships, gift assistance awarded on the basis of merit and/or need, do not have to be repaid.
Grants Grants are gift assistance awarded to qualified undergraduate students demonstrating exceptional financial need.

New federal program: Federal TEACH Grant
Student Employment On- and off-campus employment opportunities are available to students who wish to work in order to meet education expenses and/or believe the experience can be a valuable part of their education.
Student/Parent Loans Loans are funds provided to a student (or a student's parent in the case of a PLUS loan) for educational expenses. Loans require repayment.