Financial Aid

Financial Aid

How to Apply

Complete the financial aid undergraduate or graduate application on Banner Self-Service and upload all the required documents. It is essential to read the instructions carefully before filling out the application. Applications that have missing information or missing documents will be considered incomplete and will not be evaluated.

Prospective students should first create a username and password using the signup link. Make sure to save your username and password. 

To log in to Banner Self-Service, click here.

After you log into Banner, log in to secure area to submit a financial aid or a scholarship application.

If you face any technical issues, send an email.

Eligibility

For Undergraduate Students

To be eligible for institutional financial aid awards as an undergraduate student, you must:

  • Be a degree-seeking, full-time candidate (not less than 12 credit hours per semester)
  • Have submitted your AUC application for admission and received an AUC ID number
  • Demonstrate financial need
  • Not be on probation (cumulative GPA not less than 2.0 for current undergraduate students)

Business students who will be enrolled and accepted in the Co-op course will not be granted financial aid during the entire Co-op experience. However, financial aid for the following semester will be unchanged, given that the student applies for renewal of his/her financial aid. Students will still be automatically considered for the Co-op scholarship.

For Graduate Students

To be eligible for institutional financial aid awards as a graduate student, you must:

  • Be a degree-seeking candidate
  • Have submitted your AUC application for admission and received an AUC ID number
  • Demonstrate financial need
  • Not be on probation (cumulative GPA not less than 3.0 for current graduate students)

Non-degree, PhD, and EMBA students are not eligible for financial aid.

Selection

In awarding financial aid, we consider your individual circumstances, the demand for aid from all students, and University resources. The financial aid application and supporting documents are reviewed and verified. Students or their parents may be asked for an interview or to submit additional documents.

Financial Aid Tips

Read the financial aid tips to help you complete the online financial aid application successfully. Note that incomplete applications that have missing or inaccurate information will not be processed. To view the tips, click here.

Required Supporting Documents For Undergraduate students

Make sure to upload all of your required supporting documents below that apply to your case before submitting your application on your Banner Self-Service; otherwise, your application will not be evaluated.

For Income

  1. HR letter of father/mother with net annual income for the prior year (January 1 - December 31) after deducting taxes and social insurance if father/mother is employed. The letter must clearly state all variables (bonus, profit shares, and others). Any loan payments should not be deducted from the father’s annual income. Monthly salary statements or monthly payslips are not accepted.
  2. Official statement of father/mother pension if father/mother is retired.
  3. Business or clinic net annual income/loss statement from the Certified Public Accountant (CPA) for prior year if father/mother is self-employed after deducting taxes and business-related expenses.
  4. Updated rental contract of real estate generating income.
  5. Handwritten declaration confirming total family savings (both mother and father) and annual interest generated. No bank statements are required.

For Family Expenses

  1. Loans or installments statement, including the schedule of payments and maturity date
  2. Siblings' school/university enrollment letter, clearly stating their annual tuition and bus fees for the prior year. Payment receipts are not valid.
  3. Up-to-date residence rental contract if the family is living abroad.
  4. Medical reports and medical payment receipts and/or insurance premiums. 

Other Required Documents

  1. Up-to-date statement from the social insurance office to prove unemployment status if father/mother is unemployed. A copy of their national ID is not valid.
  2. Proof of unpaid leave for mother/father.
  3. Divorce certificate.
  4. Death certificate.

To view templates of the required documents, please click here

Required Supporting Documents for Graduate students

Make sure to upload all of your required supporting documents below that apply to your case before submitting your application on your Banner Self-Service; otherwise, your application will not be evaluated.

For Income

  1. HR letter of student's net annual income for the prior year after deducting taxes and social insurance. The letter must clearly state all variables (bonus, profit shares, and others). Any loan payments should not be deducted from the student’s annual income. Monthly salary statements or monthly payslips are not valid (an original hard copy may be required upon request).
  2. HR letter of spouse's net annual income for the prior year after deducting taxes and social insurance. The letter must clearly state all variables (bonus, profit shares, and others). Any loan payments should not be deducted from the spouse’s annual income. Monthly salary statements or monthly payslips are not valid (an original hard copy may be required upon request).
  3. Business or clinic net annual income/loss statement from the certified public accountant (CPA) for the prior year if the student/spouse is self-employed after deducting taxes and business-related expenses (an original hard copy may be required upon request).
  4. A complete copy of to date rental contract of real estate generating revenue.

For Expenses

  1. Loans and/or installments statement, including a schedule of payments and maturity date.
  2. School/university enrollment letter for children/spouses stating their annual tuition and bus fees for the prior year. Payment receipts are not valid.
  3. A complete copy of up-to-date residence rental contact.
  4. Medical reports and medical receipts payments, in case of expenses that exceed EGP 2,000 per family member per year.
  5. Proof of annual medical insurance premium.

Other Required Documents

  1. Up-to-date statement from the social insurance office to prove unemployment status (like uninsured) if a student/spouse is unemployed. A copy of their national ID is not valid.
  2. Proof of unpaid leave.
  3. Proof of student loans for international students.

Steps to Upload Documents

Follow the steps below to upload your documents:

  1. Go to "upload documents" section in the application
  2. Click on "first time to upload"
  3. Click on the "+" sign on the very top left of the page
  4. Choose your file and upload your documents
  5. Then click on the "save" button on the very right bottom of the application without changing any of the information
  6. If you would like to view, add or remove any page to the uploaded document, click on "view, add or remove pages" not on "frst time to apply"
  7. Do not forget to submit your application after you are done.

Aid Duration and Renewal

Institutional financial aid awards are usually for one academic year; you must submit a Renewal form every year if you continue to demonstrate financial need. No financial aid is offered in the summer and winter sessions. Students who did not attend the university for one semester have to email the financial aid office to review the status of their financial aid awards before the assigned deadline of the financial aid application for their readmission/registration semester.

Students who have a recent major change in their family’s financial status and need to reconsider their financial aid award for the next academic year must send us an email to give them access to the Reconsideration Application before the assigned deadline for each semester.

Note that students applying for reconsideration will have to upload and submit new updated documents to support their application and their current awards will be cancelled and their financial status will be reevaluated based on the new financial status.

Students will have to select only one out of the two applications (Renewal or Reconsideration) to apply for. If the two applications are submitted, the renewal form will be cancelled and we will proceed with the reconsideration application. Submitted reconsideration applications with no or missing documents will not be further processed and will also be denied.

Financial Aid Deadlines 

Spring 2022

Undergraduate Students

The application will be available on Banner Self Service for all new and current undergraduate students who did not apply in fall 2021 starting October 17, 2021.

Deadline: December 1, 2021

*Note: New undergraduate students who apply for admissions after December 1, 2021, must send us an email.

Graduate Students

The application will be available for all new and current graduate students who did not apply in fall 2021 starting October 17, 2021

Deadline: December 1, 2021

Fall 2021

Undergraduate Students

Student Type Financial Aid Application Deadline Financial Aid Decision Notification
Current/continuing AUC students applying for financial aid for the first time or for renewal April 15* Maximum by August 31
New students applying for admissions to AUC before March 1 20 days after receiving an AUC ID number With admissions provisional acceptance letter provided submitting a complete financial aid application with all required documents 
New students applying for admissions to AUC after March 1 20 days after receiving an AUC ID number Within 20 days from submitting a complete financial aid application with all required documents 

*Or the end of the first business day if April 15 is a holiday or weekend

Financial Aid Availability

Financial aid funds are limited, thus if you plan to apply for financial aid, do so as early as possible.

Graduate Students

Deadline: April 15, 2021