Overview

Emory Advantage is a financial aid initiative to reduce education debt for dependent undergraduate students at Emory University. The program benefits families with annual assessed incomes of $100,000 or less who demonstrate need for financial aid, easing debt burden and making Emory accessible for more students. The program is available to students who are considered dependent for financial aid purposes and rely on their families for financial support.

The University's strategic plan funds will support Emory Advantage for the first five years. It will be sustained by reallocating existing endowment streams and by raising at least an additional $75 million by the end of those five years in new endowment, or the equivalent in program funds and new endowment. These programs represent additional funding initiatives rather than a reallocation of existing programs and will not reduce financial aid or eliminate Work-Study for other students.

Schedule of Availability

The Loan Replacement Grant for families who demonstrate financial need and have annual assessed incomes of $50,000 or less will be available in the 2007-2008 academic year for incoming and continuing students. The Loan Cap Program for families who demonstrate financial need and have annual assessed incomes of $50,000 to $100,000 will be available beginning in 2007-2008 for incoming students. Undergraduate students enrolled prior to fall 2007 will not be eligible to participate in the Loan Cap Program.

How to Apply

There is no separate application for financial aid through Emory Advantage. All students who apply for institutional need-based financial aid will be considered. Continuing Emory students must submit an application for financial aid each year to assess current eligibility. Students are expected to make satisfactory academic progress in order to receive continued aid.

Programs and Expenses Covered

Financial aid from Emory Advantage can be applied toward any expenses included in the Cost of Attendance. This can consist of tuition, room, board, and other educational expenses such as books, supplies, and incidentals. The programs assume on-time progression toward degree completion, covering up to eight semesters of study.

Emory Advantage is available to full-time dependent undergraduate students attending Emory College, Oxford College, Goizueta Business School, and Nell Hodgson Woodruff School of Nursing. Students earning a second undergraduate degree are not eligible for this program.

Summer term is considered a nonstandard academic term and is not included in the Emory Advantage. Other need-based grant assistance may be available for summer study. Please contact the Office of Financial Aid for additional information.