Undergraduate Financial Aid
Financial aid was provided to about 80 percent of our undergraduate students from a variety of sources in 2009-10.
The financial aid program is available only to students who have been accepted for undergraduate admissions.
Students are expected to study full-time to facilitate timely completion of their programs. Financing the Commercial Pilot Development Program study through concurrent employment is difficult and may be limited by the type of financial support.
Students without financial support from external sources, may need to use student loans to meet their expenses.
Loan funds, available only for U.S. citizens and permanent residents, and may not be sufficient to meet the full cost of education.
Although the cost of education may vary from person to person, the Financial Aid Office develops an estimate of living expenses, which is used to determine loan eligibility.
Federal Grants
You may qualify for one or more of these federal grants as part of your need-based financial aid award:
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant (SEOG)
- Federal Academic Competitiveness Grant
- National SMART Grant
To be considered for the Grant program, you must file the FAFSA application by the deadline.
Outside Scholarships
The Academy recommends that prospective students apply for grants from national, industrial, or foundation sources for which they may be eligible. Information may be obtained from the financial aid office. from United States Information Service. or from other references found on the internet.
2009–2010 AIAA Foundation Scholarship and Graduate Awards
The AIAA Foundation funds a number of scholarships to both undergraduate- and graduate-level students. This furthers a key part of its mission: supporting the success of future aerospace professionals.
AIAA Foundation Undergraduate Scholarship Program
The AIAA Foundation's undergraduate scholarship program offers 30 scholarships of $2000 - $2500 to college sophomores, juniors, and seniors each year. All recipients can apply to renew their scholarship annually until they graduate..
AIAA Foundation Graduate Award Program
Through the annual graduate scholarship program, the AIAA Foundation presents ten graduate awards worth $5000 each and four graduate awards of $10,000 each.
UAA Scholarship Deadline Approaching - December 15, 2009
The primary purpose of the Airports Council International-North America (ACI-NA) Commissioners Committee Scholarship is to provide scholarships for academic achievement to students who are working towards a degree at accredited educational institutions and pursuing careers in airport management or airport administration.
Up to three scholarships per Fall and Spring Semesters may be awarded in amounts up to $2,500 per recipient to an undergraduate and/or graduate student. Previous scholarship recipients may reapply for another annual scholarship.
The NASA Aeronautics Scholarship Program is now open
It is expected that approximately 20 two-year undergraduate scholarships will be awarded annually to students at least two (2) years of full time study left to complete their degree as of Fall 2009. Application deadline January 11, 2010.
The Parent Contribution
While you and your parents have the primary responsibility for paying for college, financial aid can bridge the gap between the total costs and your ability to pay.
Student Responsibility
We expect you to participate in paying for a portion of your college costs. To meet this expectation, you may choose to use job earnings and outside scholarships. We do not expect you to need to borrow student loans, although they are available to you.
Loans, Scholarships and Other Financial Aid
U.S. Department of Education's Student Aid on the Web Site
National Student Loan Data System (View Federal loans by borrower)
Northwest Education Loan Association (NELA) (Loan management services for Stafford and PLUS Loans.)
Locating Financial Aid of Funding Your Education
American Academy of Aeronautics provides information and resources to assist students and their families in locating financial aid and other sources of funds to help finance their education. Eligibility is based on financial need.
Sources of funding may include:
- Loans from federal sources (Perkins, Stafford, and PLUS loans)
- Scholarships and Grants from :
• Federal agencies
• State agencies
• Outside Private organizations
• American Institute of Aeronautics
- Federal Work-Study Programs
- Student Employment
- Loans from individual lenders
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