Federal Aid

  • The Subsidized Federal Stafford Loan is a low-interest need-based loan. The maximum amount available for an academic year is $8,500. Under the Direct Stafford Loan program the interest rate is fixed at 6.8 percent. No interest is charged while you are enrolled at least half-time.
  • The Unsubsidized Federal Stafford Loan with assistance up to $12,000 is available to students who do not qualify for subsidized loan support or who wish to supplement the subsidized loan. The same low interest rate is charged on the unsubsidized loan from the time the loan is disbursed. No payment is required until you graduate, withdraw or drop below half-time status.
  • Students may borrow up to $20,500 in Stafford Loan support through a combination of subsidized and unsubsidized loans.
  • The Direct Loan Grad PLUS program allows students to borrow up to the cost of attendance less other aid received at a fixed interest rate of 7.9 percent. After graduation students may consolidate Grad PLUS with other federal loans. To qualify for a Grad PLUS loan you must file the Free Application for Federal Student Aid (FAFSA) and meet eligibility requirements for receipt of federal aid.
  • The Perkins Loan is a low-interest, need-based loan administered by the university. The interest rate is 5 percent. Repayment begins six to nine months after graduation, withdrawal from school or change to less than half-time enrollment. Because funding is limited the FAFSA must be filed by March 1 for consideration.

American University Washington College of Law
Policy on Student and Third-Party Access to their
Financial Aid Records*


In consideration of the contractual nature of the financial aid process, avoiding miscommunication, and in the interest of protecting student financial data and ensuring compliance with federal rules regarding dissemination of information to borrowers, the Washington College of Law Financial Aid Office has adopted the following policy regarding third party access to financial aid records.

  • The Financial Aid Office will only release student information and records to the student. If students wish to share information or records with others, they may do so on their own accord. (Appropriate accommodations will be made as necessary on a case by case basis.)
  • Students have the option of having a third party present at any financial aid information discussion/exchange (including but not limited to outstanding requirements and other sensitive data) ONLY if the student is present.
  • Financial aid correspondence is directed to the student's AU assigned email account ONLY.

Further, the student must provide verifiable identifying information to access his /her file when contacting the office by telephone.

*The university policy on confidentiality of student records can be found in the WCL Catalog and in Academic Regulation 90.10.00 at www.american.edu/american/registrar/AcademicReg

Employment


  • The Federal Work-Study Program is available to students eligible for employment as Deans Fellows or Legal Rhetoric Writing Fellows. The FAFSA must be filed by March 1.