Welcome to Financial Aid
Ana G. Mendez University (AGMU) abides by the principle of equal educational opportunities for all students. The University obtains, receives, and administers a variety of financial aid funds in the form of grants, federal work study and loans for students that have financial need and are eligible. The student aid funds are provided by Federal and State governments, the Institution, and from private sector donations. Our Institution distributes these funds as efficiently as possible, benefiting a student with as many types of financial assistance programs for which they are eligible, to assist with the costs of achieving their academic and personal goals.
The Financial Aid section on the AGMU website outlines the policies and procedures that guide the distribution of these funds, in accordance with all regulations. The AGMU website also provides an overview of how to apply for financial aid, including how to complete the Free Application for Financial Student Aid (FAFSA) required for access to any federal financial assistance, and other general information for students.
To learn more about available programs or if you need additional information, please contact your campus Financial Aid Office.
What is Financial Aid?
Financial aid is money to help pay for your education (college, university, career school). Grants, work-study, loans, and scholarships help make your education more affordable.
Financial aid can come from federal, state, school, and private sources to help you pay for your post-secondary education.
Who is eligible?
Eligibility Requirements for Federal Student Aid:
You must meet certain requirements to qualify for federal student aid (grants, work study and loans).
Basic Eligibility Criteria
Our basic eligibility requirements are that you must:
- demonstrate financial need (for most programs);
- be a U.S. citizen or an eligible noncitizen;
- have a valid Social Security number (with the exception of students from the Republic of the Marshall Islands, Federated States of Micronesia, or the Republic of Palau)
- be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program;
- be enrolled at least half-time to be eligible for Direct Loan Program funds;
- maintain satisfactory academic progress in college or career school;
- sign the certification statement on the Free Application for Federal Student Aid (FAFSA®) form stating that
- you are not in default on a federal student loan,
- you do not owe money on a federal student grant, and
- you will use federal student aid only for educational purposes; and
- show you’re qualified to obtain a college or career school education by
- having a high school diploma or a recognized equivalent, such as a General Educational Development (GED) certificate;
- completing a high school education in a home school setting approved under state law (or—if state law does not require a homeschooled student to obtain a completion credential—completing a high school education in a home school setting that qualifies as an exemption from compulsory attendance requirements under state law); or
- enrolling in an eligible career pathway program and meeting one of the "ability-to-benefit" alternatives described below.
Additional eligibility requirements can apply in certain situations including for non-U.S. citizens, students with criminal convictions, and students with intellectual disabilities
Available Federal Financial Aid
- Federal Pell Grant: Limited to students in an undergraduate program who have financial need and have never earned a baccalaureate degree. Award amount is determined by completing the FAFSA. This aid does not have to be repaid in most cases.
- Federal Supplemental Educational Grant (FSEOG): Grant money awarded to students with the most financial need. This aid does not have to be repaid in most cases. Award amount is determined by the institution.
- Direct Subsidized Loan: Available for undergraduate students with financial need. Student is not responsible for interest while enrolled in school at least half-time. Amount determined by grade level in college. Repayment begins 6 months after completing or withdrawing from a program of study.
- Direct Unsubsidized Loan: Available to undergraduate and graduate students. Not based on need. Student is responsible for all interest accrued even while in school. Award amount is determined by grade level in college and dependency status. Repayment begins 6 months after completing or withdrawing from the institution.
- Direct Parent PLUS Loan: Loans made to parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid. Eligibility is not based on financial need, but a credit check is required. Amount cannot exceed the students cost of attendance.