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Online Undergraduate Aid
The financial aid process can seem overwhelming – it doesn’t have to be.
We are here to help you every step of the way. We believe that a high-quality, Christian education should be accessible and affordable. That is why 100% of our undergraduate students receive financial aid assistance. Together, we will find a financial aid package that will make your journey to Anderson University a reality.
Undergraduate students can apply for financial aid as early as October 1 each year and may be eligible for institutional awards, federal & state financial aid, and outside funding. Types of financial aid are listed below.
Have any questions? We’re happy to help.
Office of Financial Aid & Scholarships
316 Boulevard, Anderson, SC 29621
864.231.7555 | [email protected]
FEDERAL GRANTS (FAFSA Required)
Pell Grants are a program for students who have not previously earned a baccalaureate degree. PELL Grants are considered to be the foundation of federal financial aid, to which aid from other federal and non-federal sources might be added. PELL Grants do not have to be repaid and can only be received for up to 12 full-time semesters of enrollment. Students can track their remaining PELL Grant eligibility on the Federal Student Aid website or the SAR.
The FSEOG is a program that awards a limited grant based on financial need, the availability of FSEOG funds at AU, and the amount of other aid received. To be eligible for consideration, a student must be eligible for a PELL Grant. For more information, please visit the Federal Student Aid website.
FEDERAL DIRECT LOANS (FAFSA Required)
Subsidized Loans are low-interest loans made by the US Department of Education (ED) that are awarded on the basis of financial need. No interest payments are required before repayment begins or during an authorized period of deferment. The federal government subsidizes the loan during these periods by paying the interest on behalf of the student. This loan does not require a credit check.
To determine eligibility, a student must complete a FAFSA and the AU financial aid process. Students must also complete an online Entrance Counseling session and sign a Master Promissory Note (MPN). Loan limits are determined by grade level. For more information, please visit the Federal Student Aid website.
The student must be enrolled in at least 6 credit hours each semester. Repayment begins 6 months after graduating or dropping below 6 credit hours. This 6-month period is referred to as the “grace period.”
Unsubsidized Loans are low-interest loans made by the US Department of Education (ED) that are not awarded on the basis of financial need. Students are charged interest from the time the loan is disbursed until it is paid in full. If the student chooses to have interest accumulate, the interest will be added to the added to principal amount (i.e., capitalization), and interest will then be charged based on the accumulated amount. Capitalization increases the amount that must ultimately be repaid. Students who choose to pay the interest while it accumulates will avoid capitalization and lower their loan payments. This loan does not require a credit check.
To determine eligibility, a student must complete a FAFSA and the AU financial aid process. Students must also complete an online Entrance Counseling session and sign a Master Promissory Note (MPN). Loan limits are determined by grade level. For more information, please visit the Federal Student Aid website.
The student must be enrolled in at least 6 credit hours each semester. Repayment begins 6 months after graduating or dropping below 6 credit hours. This 6-month period is referred to as the “grace period.”
This is available to parents of dependent students. The parent must be the student’s biological parent, adoptive parent, or student’s stepparent (if the biological or adoptive parent has remarried at the time of application).
Payments vary based on the amount borrowed and the interest rate in effect. Eligibility is determined by a credit check. Monthly repayment begins when the loan has been fully disbursed. The loan amount that can be borrowed cannot exceed the cost of attendance, less other aid awarded.
Before a parent can apply for this loan, the student must complete the FAFSA and be enrolled at least half-time. Parents must apply online at the Federal Student Aid website with the parent‘s FSA ID and password. If approved, the parent will be required to complete an MPN.
If the parent is denied this loan, a dependent student will be offered an additional Unsubsidized Loan based on his/her grade level. For more information, please visit the Federal Student Aid website.
SOUTH CAROLINA STATE AID
This scholarship is awarded to academically outstanding SC residents who attend an in-state college full-time. For more information, please visit www.che.sc.gov.
Application: Students must meet the academic criteria of the program and apply by the deadline dates (usually April 15 & June 15) of their senior year. Applications and additional information are available through the high school guidance office.
Eligibility: General eligibility requirements can be found at www.che.sc.gov. Academic requirements are as follows:
- For early awards:
- A minimum score of 1200 on the SAT (25 on the ACT) by the March national test administration, minimum 3.50 cumulative GPA on the SC UGP at the end of the junior year, and rank in the top 6% of the class at the end of the sophomore or junior year.
OR
- A minimum score of 1400 on the SAT (31 on the ACT) by the March national test administration and earn a minimum 4.00 cumulative GPA on the SC UGP at the end of the junior year.
- For late awards:
- Minimum score of 1200 on the SAT (25 on the ACT) by the June national test administration of the senior year, minimum 3.50 cumulative GPA on the SC UGP at the end of the senior year, and rank in the top 6% of the class at the end of the sophomore, junior, or senior year.
OR
- A minimum score of 1400 on the SAT (31 on the ACT) by the June national test administration of the senior year and a minimum 4.00 cumulative GPA on the SC UGP at the end of the senior year.
Continuation: Students must maintain a minimum cumulative GPA of 3.0 and earn 30 credit hours each academic year. Credit hours earned before high school graduation, hours exempted, CLEP, IB, and AP cannot be used to meet the credit hour requirement.
This is a merit-based scholarship that is available to SC students who attend an in-state college full-time. For more information, please visit www.che.sc.gov
Application: There is no application for this scholarship. Students must meet all general and academic requirements to receive the scholarship.
Eligibility: General eligibility requirements can be found at www.che.sc.gov. First-time freshmen attending an eligible four-year institution must meet two of these criteria:
- Earn a 3.0 cumulative GPA based on the SC UGP upon high school graduation.
- Score an 1100 on the SAT or 22 on the ACT.
- Rank in the top 30% of the graduating class.
Continuation: Students must maintain a minimum cumulative GPA of 3.0 and earn an average of 30 credit hours per year. Credit hours earned before high school graduation, hours exempted, CLEP, IB, and AP can be used to meet the credit hour requirement.
This scholarship is available to SC freshman students who do not meet the criteria for the SC LIFE Scholarship. For more information, please visit www.che.sc.gov.
Application: There is no application for this scholarship. The student must meet general and academic requirements.
Eligibility: Students who do not meet SC LIFE Scholarship requirements but who graduate from high school with a minimum 3.0 GPA on the SC UGP.
Continuation: This scholarship is for freshmen only. If the student earns at least 30 hours with a minimum cumulative GPA of 3.0, s/he can become eligible for the SC LIFE Scholarship in subsequent years.
This Enhancement is for Fellows and LIFE Scholarship recipients (sophomores, juniors, seniors) who major in science or math fields. For more information, please visit https://www.che.sc.gov/life-and-palmetto-fellows-math-and-science-scholarship-enhancements.
Application: There is no application for either Enhancement.
Eligibility: Students must meet all the eligibility requirements for the base scholarships to receive the Enhancement. In addition, the recipient must satisfy these additional requirements –
1) Be enrolled in an eligible math or science major. Approved disciplines within these majors include science, math, engineering, healthcare, computer science, and accounting.
2) Earn a minimum of 14 credit hours in any of the above disciplines prior to the student’s sophomore year of college. Credit hours earned before high school graduation, hours exempted, CLEP, IB, and AP can be used to meet the credit hour requirement for the Enhancement. However, these credit hours may not be used to meet the credit hour requirement for the base scholarships. AU academic advisors can recommend courses that meet Enhancement requirements.
Note: Students are responsible for checking the aforementioned URL for the most current list of courses and programs that satisfy Enhancement requirements.
Continuation: Students must remain in an eligible math or science major and meet all requirements for the base scholarship.
This is a need-based grant program for SC residents who attend an eligible in-state college on a full-time basis. For more information, please visit sctuitiongrants.org/
Application: The application to determine eligibility is the FAFSA, which students must complete online by June 30 each year.
Eligibility: Students must meet the following criteria:
- Students and parent(s), if dependent, must be a legal SC resident, domiciled in SC for a period of not less than 12 months prior to the start of the Fall Semester.
- The student must demonstrate need as determined by the FAFSA.
- Meet all eligibility requirements for federal (Title IV) financial aid programs.
- Enroll full-time at an eligible independent non-profit SC college.
Continuation: Students must satisfy AU’s SAP Policy and earn at least 24 credit hours during the previous academic year. The deadline for applying is June 30th for the following academic year.
OTHER FUNDING OPTIONS
Private student loans are the last resource for students who are not eligible for other financial aid or who may need additional funds to meet education expenses. Private student loans should be considered only when all other options have been exhausted, as they typically have higher interest rates than federal student loans, are credit-based, and do not always offer the same benefits as federal student loans. Students are responsible for finding the company through which they want to obtain the loan. Students can seek loan options through banks, credit unions, and other student loan services. Click here to access a tool that helps student research and apply for private student loans.
Many organizations offer their employees full or partial tuition reimbursement for furthering their education. Talk to your employer’s Human Resources Department to see if your organization offers tuition reimbursement benefits.
Persons with physical disabilities which are vocational handicaps are eligible for financial aid from a State Department of Vocational Rehabilitation. Information may be obtained from the Vocational Rehabilitation Department in the student’s home state.
AU has partnered with many different State prepaid tuition plans (often known as 529 College Savings Plans). Anderson Central handles all billing requirements for these plans.
These benefits can be awarded up to the cost of attendance as defined by Title IV regulation. Service members must be in good academic standing with AU to receive funding. The maximum amount is determined annually by the SC Commission on Higher Education (CHE). To determine eligibility, contact the Services Office.
This program can help students pay for tuition & fees that the Post-9/11 GI Bill doesn’t cover. AU is a qualified Yellow Ribbon School. Please email or call (864-231-2120) the AU Certifying Official for more information about using these educational benefits.
Eligible veterans can apply for their educational benefits through the US Department of Veteran Affairs (VA) website at https://www.va.gov/. The VA is the only agency that can determine eligibility for and award this benefit. For questions about eligibility, please contact your VA Regional Office.
After an application has been approved, the VA will send a Certificate of Eligibility to the applicant (i.e., the veteran). Applicants are then required to submit a copy of the Certificate of Eligibility and additional documents to the AU Certifying Official. Please email or call (864-231-2120) the AU Certifying Official to obtain all necessary forms and get answers to your questions.
Students with outside scholarships that require billing are handled by Anderson Central. Please email this office for additional information.
