For more information, please visit the Office of Financial Aid.
For you and your family, paying for college can be a challenge. We want to help you see how Augsburg can be an affordable choice for you.
Start by estimating your costs (tuition, fees, room and board, estimated cost of books, transportations costs and personal expenses). Next, we encourage you to apply for aid, even if you aren't sure you will qualify. After you receive a financial aid award notice from Augsburg, discuss it with a financial aid counselor to determine the best financing plan for you.
Types of Aid
Augsburg awards several types of financial aid including "gift aid" (scholarships and grants, both merit and need-based, from federal, state, or institutional sources), student loans, and work study.
How to Apply for Financial Aid
- Complete the FAFSA (Free Application for Federal Student Aid) Form.
- Financial aid award letters will be mailed beginning in early spring. For more detailed information on applying for financial aid, go to http://www.augsburg.edu/studentfinancial/day.html.
- Now's the time to talk through the finances. After you receive your award letter, schedule an appointment with a financial aid counselor to review your financial aid and discuss paying for school. We want to help make the process as smooth as possible for you, every step of the way.
Estimating your Aid
Your need-based financial aid is calculated using information gathered from the FAFSA which provides our financial aid office with your Estimated Family Contribution (EFC). The EFC will be the same for every school to which you apply. We compare your EFC to the total cost of attendance (tuition, fees, room and board, estimated cost of books, transportations costs, and personal expenses) to determine your demonstrated need at Augsburg.
It is important to note that although the FAFSA is a nationwide tool that takes certain prescribed numbers and runs them through a standard formula, we look at each student and family individually. If your family has a unique circumstance, such as impending loss of a job, health issues, etc, that is not reflected on the FAFSA, contact our Financial Aid office for instructions on how to communicate these circumstances.
Other Financing Options
Augsburg offers payment plans that may be used to finance the portion of tuition, fees, room and board not covered by financial aid.
Payment Plan Options 2012-2013
Full pay: Pay fall costs in full by September 5, 2012; Pay spring costs in full by January 1, 2013.
Semester Payment Plan: Students are eligible to enroll in a monthly payment plan to bridge any gaps between financial aid and their educational expenses. While on the plan, no-interest will accrue but there is an enrollment fee of $30 per semester. Log onto your Augsburg student account through Augnet, Records and Registration to sign up!
