Emory Advantage
Emory Advantage is Emory University's financial aid initiative to help students from families with annual total incomes of $100,000 or less who demonstrate a need for financial aid. The program reduces the amount of money borrowed to pay for an undergraduate Emory degree. The goal is to make an Emory education attainable for any qualified student, regardless of income.
A high-quality student body is composed of diverse ideas, perspectives, backgrounds, and life experiences. Emory is committed to opening our doors to any qualified student who wants to pursue a world-class education and to use their talents to impact the world. Giving students the opportunity to graduate with little or no debt eases the financial burdens that can limit postgraduate career or education choices.
The Loan Replacement Grant (LRG) replaces loans for dependent undergraduate students whose families' total annual incomes are $50,000 or less. Grants replace Federal Subsidized Stafford Loans to cover expenses including tuition, room, and board. The eligible grant amount represents the student's self-help portion normally given in the form of a loan. LRG awards were first made to incoming and continuing undergraduates during the 2007-08 academic year.
The Loan Cap Program (LCP) caps cumulative Federal Subsidized Stafford Loan debt at $15,000 for dependent undergraduate students whose families' annual total incomes are between $50,000 and $100,000. With the Loan Cap Program, students receive a standard financial aid award for freshman and sophomore years. This award could include federal or state aid, institutional loans or grants, or Work-Study. After a student has accrued a total of $15,000 in Federal Subsidized Stafford Loans while enrolled at Emory, grants will be provided to cover any remaining need-based funding incurred through degree completion. The first LCP awards were made to eligible continuing students during the 2009-2010 academic year. Students enrolled at Emory prior to the 2007-2008 academic year are not eligible for the Loan Cap Program.
A high-quality student body is composed of diverse ideas, perspectives, backgrounds, and life experiences. Emory is committed to opening our doors to any qualified student who wants to pursue a world-class education and to use their talents to impact the world. Giving students the opportunity to graduate with little or no debt eases the financial burdens that can limit postgraduate career or education choices.
The Loan Replacement Grant (LRG) replaces loans for dependent undergraduate students whose families' total annual incomes are $50,000 or less. Grants replace Federal Subsidized Stafford Loans to cover expenses including tuition, room, and board. The eligible grant amount represents the student's self-help portion normally given in the form of a loan. LRG awards were first made to incoming and continuing undergraduates during the 2007-08 academic year.
The Loan Cap Program (LCP) caps cumulative Federal Subsidized Stafford Loan debt at $15,000 for dependent undergraduate students whose families' annual total incomes are between $50,000 and $100,000. With the Loan Cap Program, students receive a standard financial aid award for freshman and sophomore years. This award could include federal or state aid, institutional loans or grants, or Work-Study. After a student has accrued a total of $15,000 in Federal Subsidized Stafford Loans while enrolled at Emory, grants will be provided to cover any remaining need-based funding incurred through degree completion. The first LCP awards were made to eligible continuing students during the 2009-2010 academic year. Students enrolled at Emory prior to the 2007-2008 academic year are not eligible for the Loan Cap Program.
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