Types of Financial Aid

 

James H. Porter Academic Scholarships (APPLICATION)

Porter Academic Scholarships are made possible through a trust fund created by James H. Porter and authorized by the Board of Regents of the University System of Georgia.   The scholarships are provided as an incentive to attract academically talented students to the University. 

Eligibility requirements are as follows:   (1) resident of Georgia; (2) full-time undergraduate student with a composite SAT score of 1000 or a 22 on the ACT or better and with a high school GPA of 3.0 or better; or full-time graduate student with an undergraduate GPA of 3.3 or better and have scores on the GRE of at least 1110, NTE or WCET of 600 or better, or GMAT of 500 or better; (3) meet all other requirements established by the Board of Regents.

Athletic Scholarships

The Director of Intercollegiate Athletics should be contacted for information.

Music Scholarship

Interested students should contact the Chairperson of the Department of Fine Arts.

Marie H. Dixon Scholarship

The Marie H. Dixon Scholarship is presented by the Albany State University Alumni Association to perpetuate the memory of its president emeritus.   This award is made to one eligible student who is either enrolled at Albany State University or intends to enroll at the institution.

The ASU Alumni Association grants one $1,000 scholarship annually.   The recipient must meet the following requirements:

  • A minimum 2.5 grade-point average
  • Exhibit outstanding leadership abilities through specific activities and events
  • Demonstrate a financial need

For more information or to apply, contact the office of Alumni Affairs at (229) 430-4658.

HOPE Scholarship

The HOPE Scholarship Program is funded through the Georgia Lottery.   The program will assist entering freshmen graduating from a Georgia high school, with a "B" average in a college preparatory curriculum.   The scholarship provides assistance, which includes tuition, mandatory fees and a book allowance up to $150 per semester.

Students who are not academically eligible for a HOPE Scholarship immediately after high school graduation may be eligible for a HOPE Scholarship after attempting 30, 60 or 90 hours of study, or students who lost HOPE due to not maintaining a 3.0 grade-point  average may be eligible to regain HOPE after attempting 60 or 90 hours of study.   Eligibility under both categories can be considered by completing the HOPE Evaluation Request Form. The assistance from the scholarship is the same as that of a freshman receiving HOPE.  

For more information on HOPE Scholarship go to: https://secure.gacollege411.org/Financial_Aid_Planning/HOPE_Program/Georgia_s_HOPE_Scholarship_Program_Overview.aspx

Georgia Public Safety Memorial Grant

The son or daughter of any Georgia public safety officer who is killed or permanently disabled in the line of duty is eligible for this grant.   The program, which is funded by the Georgia Lottery for Education, covers the Cost of Attendance at a Georgia public post-secondary institution, minus other gift aid received, including the Law Enforcement Personnel Dependents Grant.

For more information on Georgia Public Safety Memorial Grant go to: http://www.gsfc.org/gsfc/gsfc_index.cfm

Robert C. Byrd Scholarship Program

This scholarship program is available to students who demonstrate outstanding academic achievement.   The purpose of the program is to promote student excellence and achievement and to recognize exceptionally able student who show promise of continued excellence.   The recipient receives a stipend of $1,500 for the academic year.

For more information on the Robert C. Byrd Scholarship go to: http://www.gsfc.org/gsfc/gsfc_index.cfm

Ty Cobb Scholarship

This scholarship is awarded annually to sophomores, juniors and seniors.   Recipients must be a Georgia resident, demonstrate financial need, and posses a 3.0 grade-point average or better.   Applications can be obtained by writing: Ty Cobb Foundation, P.O. Box 725, Forest Park, GA   30051.

Alice Minor Stubbs Hawthorne Scholarship

This scholarship was established in memory of Mrs. Hawthorne to inspire youths to beat the odds and obtain a college education.   The scholarship covers tuition and fees at Albany State University.   The recipient must meet the following requirements:

  • Be enrolled in the ASU College of Business
  • Major in marketing or management
  • Maintain a grade-point average of 2.5 or better
  • Entering junior or senior status

External Scholarships

Numerous Scholarships are available through external sources such as local churches, clubs, professional organizations, private foundations and civic groups.   High school students should also check with their high school libraries and guidance counselors.   The FAO posts on a continuous basis through ASU-INFO (e-mail) scholarship announcements that are received in the FAO.   The World Wide Web is a great and helpful resource when searching for scholarships, and many provide free information.   Listed below are some reputable scholarship Web sites.

Grants

How to apply for Federal Aid

Federal Pell Grant

The fund makes financial assistance available to eligible students attending approved post-high school institutions.   Eligibility and actual amount of aid are determined by the Office of Education.   This is a need-based program for undergraduates with no repayment required.   Completion of the Free Application for Federal Student Aid (FAFSA) is required.

For more information on the Federal Pell Grant go to:
http://www.fafsa.ed.gov   and  http://www.pin.ed.gov

Federal Supplemental Educational Opportunity Grant (SEOG)

The Supplemental Educational Opportunity Grant Program is for students with exceptional financial need who, without the grant, would be unable to continue their education.

This is a federally-funded grant program for undergraduate students who have not earned a bachelor's degree.   To be eligible, a student must be enrolled at least half-time.   The maximum award for an academic year is $4,000; however, because of limited funds, awards generally do not exceed $1,000 per academic year.   This award is based on need with no repayment required.

Employment

Federal Work-Study Program

The Federal Work-Study Program provides jobs for students who need financial aid and who must earn a part of their educational expenses.   Students must be enrolled at least half-time.   In arranging a job and determining how many hours per week a student may work under this program, the student's financial need, class schedule and academic progress will be taken into account.   This program is based on need.

 

Loan Programs

Applying for Loans

Federal Perkins Loan

(Formerly NDSL)

Funds are provided to the University for the purpose of making low-interest, long-term loans available to students who demonstrate need.   Loans are available to both graduate and undergraduate students.   Repayment of a Perkins Loan begins nine months after the student leaves college, graduates or drops below half-time.   The interest rate is 5%.   Free Application for Federal Student Aid (FAFSA) form is required.

William D. Ford
Federal Direct Subsidized Loan (Sub)

These loans are for students who demonstrate financial need.  The federal government is the lender.  The institution administers the program.  The interest rates are variable and adjusted each year.  The interest rate will never be greater than 8.25 percent.  Subsidized means the federal government pays the interest of these loans while the student is in school on at least a half-time basis. A loan fee of 3% is deducted from each disbursement.  The federal government retains this amount as an origination fee, which reduces the cost of supporting low-interest loans. Payment begins six months after the student leaves college.  Free Application for Federal Student Aid (FAFSA) form is required.

William D. Ford
Federal Direct Unsubsidized Loan (Unsub)

The unsubsidized loan is not based on financial need.  The government does not pay the interest on these loans.  Same terms and conditions as the subsidized loan.  Free Application for Federal Student Aid (FAFSA) form is required.

William D. Ford
Federal Direct PLUS Loan

Federal PLUS loans are for parents with good credit histories who want to borrow to help pay for their dependent students' education.  The first payment on a PLUS Loan is due within 60 days after the final loan disbursement. The interest rates are variable and adjusted each year. The interest rate is capped at 9%.   A loan fee of 4% is deducted from each disbursement.  Free Application for Federal Student Aid (FAFSA) form is required.

Veterans Assistance Programs

Veterans, active duty personnel, and eligible dependents are encouraged to take full advantage of benefits available through the Veterans Administration.  Those students eligible for benefits should apply for Admissions to the University and complete the Admissions process.  An application for VA Education Benefits should be completed prior to entering the institution. The Veteran or other eligible persons are advised to have money available to cover the first semester's tuition and fees at the time of enrollment.  Albany State University does not participate in advanced payment with the VA.  Interested persons should contact the Veterans Affairs component of the Registrar's Office for information and assistance pertaining to eligibility and application for Veterans Educational Benefits at (229) 430-4638.