Office of Financial Aid & Scholarships
Office of Financial Aid & Scholarships is dedicated to helping students and their families make attending Anderson University affordable by informing, counseling and assisting students and parents with finding financial assistance in a timely and equitable manner. For the 2019-2020 award year, 100% of traditional students received financial aid with an average award for freshmen of $29,730 from all sources, making AU one of the most affordable, independent colleges or universities in South Carolina.
How to Apply for Financial Aid
Create a Federal Student Aid ID (FSA ID) before starting a FAFSA on the web for the first time. You will use your FSA ID to sign your FAFSA each year. If you are considered a dependent student for federal financial aid purposes, your parent will also need to create an FSA ID to sign your FAFSA. Complete your Free Application for Federal Student Aid (FAFSA) online by March 1st each year. This application opens on October 1st each year. Use the IRS Data Retrieval Tool when completing a FAFSA.
Complete and submit any outstanding forms and documents. Before aid can be applied to your account, you may be required to submit additional information to the Office of Financial Aid & Scholarships. The documents you need to submit are listed in the Financial Aid section of the Finance tab in your Self-Service student portal. For the fall semester, the deadline to submit documents to the Office of Financial Aid & Scholarships is July 19.
Students who complete a FAFSA and are eligible for Federal Direct Student Loans made available by the Department of Education Direct Lending program must complete Loan Entrance Counseling and a Master Promissory Note (MPN) online at https://studentaid.gov/ to borrow these loans. If you complete these steps and borrow federal loans, then you do not need to complete these steps again each year. To decline or cancel loans, email FinAid@AndersonUniversity.edu.
Additional loan funding may be available in the form of Federal Direct PLUS Loans for Parents or Graduate/Professional students and Private Student Loans for students and parents. Information about other sources of funding like outside scholarships is available here.
Check your AU email account, phone, mail, and Self-Service portal regularly for updates from the Office of Financial Aid & Scholarships. Anderson Central will communicate with you about your bill.
Complete a FERPA Form each year after August 1st for the upcoming academic year. Your student record, including information about your financial aid, is confidential and will be not be shared with anyone but you unless you provide written permission via the FERPA form.
Scholarship resources are limited and the University reserves the right to place a cap on the number of scholarships offered or awarded at any time, or reduce or increase scholarships at its discretion. Completion of the Free Application for Federal Student Aid (FAFSA) is required for AU students receiving full tuition and fee scholarship awards and AU student athletes receiving athletic aid.
Types of Financial Aid
Financial aid is financial support that can help fund your degree at Anderson University. Types of financial aid include scholarships, grants, and loans. Sources of financial aid include but are not limited to Anderson University, the State of South Carolina, the U.S. Department of Education, and outside sources.
Scholarships are funds that do not need to be repaid and are typically awarded based on grades, test scores, and other merit-based qualifications. Grants are also funds that do not need to be repaid and are typically awarded based on need. Loans are borrowed funds that need to be repaid. After you complete a FAFSA, you will receive an award notice showing the aid you may be eligible to receive.