U.S. Federal Loan
The Financial Aid Office at the American University in Cairo (AUC) assists U.S. citizen and dual citizen undergraduate and graduate students by awarding U.S. federal financial aid to help pay for their post-secondary education. U.S. citizens and eligible non-citizens attending AUC may be eligible for the William D. Ford Federal Direct Loan Program to assist them financially in their education.
Because AUC is a foreign institution, other U.S. federal financial aid that is awarded on campuses located in the United States, such as Federal Pell Grant, Work Study and Perkins Loans are not available at AUC.
AUC can certify Stafford Loans (both Subsidized and Unsubsidized) and PLUS loans (Graduate PLUS and Parent PLUS) for students enrolled in degree-seeking programs.
- Direct Subsidized Loans are loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college.
- Direct Unsubsidized Loans are loans made to eligible undergraduate and graduate students. The student does not have to demonstrate financial need to be eligible for the loan.
- Direct PLUS Loans (Graduate PLUS and Parent PLUS) are loans made to graduate students and parents of dependent undergraduate students to help pay for education expenses not covered by other financial aid.
Direct Loan Funds that come directly from the Federal Government must be repaid, with interest. The maximum Direct Loan amount you can borrow each academic year depends on your academic level in school and whether you are a dependent or independent student. For students who are eligible for a Direct Subsidized Loan, the U.S. Department of Education pays the interest while you’re in school at least half-time, during the first six months after you leave school (your grace period) and during a deferment (a postponement of loan payments). Direct Unsubsidized Loans do not require a student to demonstrate financial need. The borrower is responsible for paying all interest on Direct Unsubsidized Loans.
To qualify for Federal US Loans, a student enrolled at AUC must meet certain requirements in order to receive federal financial aid. For more information about eligibility, click here.
Loans Limits, Cancellations and Repaying
For information on loan limits, cancellations and repaying, click here.
Degree students at AUC may apply and receive summer financial aid; however, the opportunities tend to be more limited. The academic year begins with the fall semester and ends with the summer semester.
Many students utilize the full value of their financial aid eligibility during the fall and spring semesters, which means a student may not have any remaining financial aid eligibility for the summer. For example Student A is an undergraduate junior and received a $5,500 federal subsidized loan for the school year. $2,750 was disbursed to the student in the fall semester, and $2,750 was disbursed to the student in the spring semester. Because the student used his or her full eligibility for the federal subsidized loan during the fall and spring semesters, there is no remaining federal subsidized loan eligibility for the summer semester.
Students who will be taking classes during the summer should notify their financial aid counselor, log in to their VFAO account, and submit a Request for Additional Funds form (found in Forms and Documents). On that form, they should state that they will be attending AUC during the summer semester and enter the number of registered credits.
After you submit your Virtual Financial Aid Office Interview application for financial aid and your enrollment at AUC is verified, you will receive a financial aid award letter. This letter spells out the details of your financial aid package.
Please note that AUC will not be able to process your federal loans unless your VFAO interview is complete and matched with your FAFSA. Once your interview is complete, your file will go through the verification process. If additional information is needed in order to process your file, you will receive a tracking letter in your email requesting the specific documentation.
Otherwise, once your file has been thoroughly reviewed, AUC will start processing your loans within 10 business days. You will then receive an award letter in your email. That award letter will have all the information you may need: the amount of aid, the type or types of aid and the anticipated disbursement dates. After you receive the award letter, you have until the anticipated disbursement date to decline any part of the awarded funds. You will have 30 days from the date that your student loans are credited to your student account to decline a portion or all of your student loans.
Your financial aid awards may be revised for any of the following reasons:
- Your residency has changed.
- Your enrollment status has changed.
- You have declined one or more awards.
- We have been notified that you received other aid or had other resources (Scholarships, Private Loans, Veteran's Benefits, etc.) of which we were unaware when the previous awards were made.
- Your data and/or your parent data on the FAFSA was incorrect and the error has been corrected.
If you wish to make changes to your award letter or have questions please contact us via the VFAO Student Support Site or contact us.