Federal Student Aid Award

Federal Student Aid Award

Awarding Federal Student Aid

Student Aid Report (SAR)

Once a student completes the FAFSA, they will receive a Student Aid Report (SAR) that summarizes the data from the FAFSA and determines the student’s official Expected Family Contribution (EFC).

Receiving your SAR

  • The student will receive a copy of their SAR within a few days of submitting the FAFSA if an email address was supplied on the FAFSA. The email will contain a secure link to access your SAR online.
  • If an email address was not provided on the FAFSA, the student will receive a paper copy of their SAR in the mail approximately four weeks from the date the FAFSA was submitted.
  • If additional information is needed from the student, the EFC may not appear on the SAR.

Reviewing your SAR

After receiving your SAR, carefully review the information for mistakes. If you believe your information is incorrect, you may fix any mistakes by writing the correct answers on the Information Review Form located on the back of the SAR. Once the Information Review Form is complete, you can:

  • Contact AAU’s Financial Aid Office to determine if the corrections may be submitted electronically, or
  • Mail the form to the address designated on the SAR.

Cost of Attendance

The Cost of Attendance (COA) is the total amount needed to attend college each year. Each school determines its annual average COA using a formula established by Congress. A student’s eligibility for financial aid will not be based on individual preferences and spending habits, but rather on standard budget allowances.

A student’s cost of attendance will include:

  • Tuition and fees
  • Books, supplies, loan fees and miscellaneous personal expenses
  • Room and board expenses
  • Dependent care
  • Costs related to disability

The cost of attendance for students attending AAU does include expenses related to the direct and indirect costs students may incur. The figure used to determine the indirect cost allowance is the national average obtained from the U.S. Bureau of Labor and Statistics.

Financial Aid Disbursement Schedule

Pell Grants

Pell Grants are paid in installments over the course of a program of study. Pell funds are disbursed per session according to student’s enrollment status for the semester.

Each semester is comprised of two sessions; therefore Pell Grant recipients will have two Pell Grant disbursements per semester. A student must meet census before any disbursements are made.

Student Direct Loans

Student loans will be disbursed to the school in two equal payments per semester. The first payment will be applied to the student’s school account no sooner than 30 days after the semester start date. The second payment will be applied to the student’s school account no sooner than 60 days after the first semester payment.

After a student loan is disbursed to a student’s school account, the business office will process any stipends due to the student within 14 days of the date of disbursement.


Stipends will only be issued after all tuition, books and other institutional charges have been paid. Once all financial obligations due to the institution are met any excess funds or stipends due to students will be disbursed. Disbursements to students will be made within 14 days after payment of tuition and other financial obligations due to the institution.

Apply for Federal Student Aid

AAU helps students every step of the way. Learn how to apply for Federal Student Aid funding to be considered for financial aid awards.

Federal Student Aid Eligibility

To receive federal student aid, you must meet certain requirements. Find out exact details of federal student aid eligibility.

Federal Student Aid Types

AAU participates in the grants and loans available through Federal Student Aid administered by the U.S. Department of Education.

Financial Aid FAQ

Check out some frequently asked student financial aid questions here.

Financial Aid Resources

Explore the AAU Financial Aid resources page for helpful phone numbers and links on FA funding.