OFFICE OF
Undergraduate
Admission

Need-Based Aid

Your education may be the most important investment you and your family ever make. It is an investment and a commitment that will pay off for the rest of your life. While the responsibility of paying for an Emory education lies with you and your family insomuch as you are able to pay, we want to help you acquire the education you deserve and we offer an array of programs toward that end.

A family’s entire financial portfolio, including income, assets, and other earnings will be considered for eligibility to receive financial aid. In addition to the FAFSA, Emory uses the CSS PROFILE because it provides more insight into a family’s financial circumstances. The FAFSA is used to determine federal aid eligibility and the CSS PROFILE determines institutional aid.

The Emory University Office of Financial Aid offers three basic types of need-based financial aid: grants, work-study and low interest loans.

  • A grant is gift assistance that does not have to be repaid.
  • A work-study award must be earned on an hourly basis and you get paid twice monthly.
  • Low-interest loans must be repaid after you are no longer enrolled at least half-time at a postsecondary institution.

Emory is committed to awarding aid based on financial need determined by a thorough review of each family’s circumstances. Most students with financial need receive a combination of all three of these and the average total need-based package is just under $37,000 per year for Emory College students and just over $30,000 per year for Oxford College students. Sixty percent of Emory University students receive some sort of financial aid.

Emory Advantage

Emory Advantage is a debt-relief program that makes the cost of a private college education like that at Emory more affordable. A high-quality student body is composed of diverse ideas, perspectives, backgrounds, and life experiences. Emory is committed to opening our doors to any qualified student who wants to pursue a world-class education and to use their talents to impact the world. Giving students the opportunity to graduate with little or no debt eases the financial burdens that can limit postgraduate career or education choices. The goal is to make an Emory education attainable for any qualified student, regardless of income.

Families who demonstrate financial need and have total incomes of $50,000 or less receive a Loan Replacement Grant to make their Emory education a reality. Grants replace the Federal Subsidized Stafford Loan or loan self-help that is normally awarded in the financial aid package.

Emory’s Loan Cap Program limits total four-year, Federal Subsidized Stafford Loan debt to $15,000 for those families with total incomes between $50,000 and $100,000. Under this plan, you’ll receive a standard financial aid award including federal or state aid, institutional loans or grants and work-study. This program does not replace unsubsidized federal Stafford loans or parent loans or loans secured while attending another institution. Students who fall in this category typically graduate with significantly less debt than the average student loan borrower.

There is no separate application for the Loan Replacement Grant or Loan Cap Program. All incoming students who apply for institutional need-based financial aid will be considered for these programs. Students must submit an application for financial aid each year to assess current eligibility. Students are expected to make satisfactory academic progress in order to receive aid.