Financial Aid Options at AMG
Financial aid comes in a variety of forms for those who qualify. It’s the ideal way to bridge the gap between what you’re able to contribute and the actual cost of attending school.
Federal student aid is available to all students who meet the basic eligibility requirements. Financial aid includes grant programs and loan programs. Grants are awarded based on financial need, while student loan programs are available to all eligible students, regardless of the student’s financial situation.
Our financial aid representatives provide guidance and assistance to students to help determine the types of financial aid that may be available. We’ll walk you through the process step by step, starting with the important task of filling out the Free Application for Federal Student Aid (or FAFSA.)
SOME EXAMPLES OF THE TYPES OF FINANCIAL AID
YOU MIGHT QUALIFY FOR INCLUDE:
Federal Pell Grant
Federal Pell Grants are usually awarded only to undergraduate students without a bachelor’s or a professional degree. A Federal Pell Grant, unlike a loan, does not have to be repaid except under certain circumstances. The actual Pell Grant award depends on the student’s financial need, the college’s cost of attendance, the student’s enrollment status, and the academic year in which the student is enrolled.
William D. Ford Federal Direct Loan Program
The William D. Ford Federal Direct Loan Program is a low-interest loan program offered through the federal government to help pay the cost of a student’s education after high school. These loans come in the form of subsidized and unsubsidized loans. Loans are a form of financial aid that must be paid back to the lender with interest over an extended period of time. All students who file the FAFSA will, at a minimum, automatically qualify for a Direct Student Loan from the federal government.
Subsidized and Unsubsidized Loans
- Subsidized Loans — Subsidized student loans are available for students who have demonstrated financial need. They have slightly better terms than unsubsidized student loans because the U.S. Department of Education pays your interest while you are in school and for a six-month grace period after you graduate.
- Unsubsidized Loans — Unsubsidized loans are available to students regardless of financial need. Students are responsible for repaying interest during all periods.
At AMG Medical Institute, we're dedicated to ensuring that financial considerations don't hinder your medical education. Explore our diverse financial aid options, and contact our experienced financial aid representatives for a personalized consultation today. It’s time to embark on your journey to a fulfilling medical career with confidence.