- University Life
Protecting the value, moderating the cost
American University understands that paying for your college education may seem daunting, especially in these hard economic times, and we are committed to utilizing our considerable resources to help motivated students attain a valued degree at a reasonable cost.
Advance Planning: Unique to university budgeting in higher education, AU’s budget follows a 2-year cycle. In March 2015, the AU Board of Trustees approved a university budget for the next two years (Academic Years 2015-16 and 2016-17) that carefully balances the most important needs of our constituents with sound financial management, and maintains momentum for the strategic priorities of the institution.
Moderate Increases: The 3 percent increase in tuition and fees for the current academic year will also be below the national average according to the College Board, continuing a 10-year trend where AU’s average tuition and mandatory fee increases have been below the national average. We will be vigilant in our commitment to moderate increases going forward and will increase financial aid, commensurate with any increase in tuition.
A Focus on the Process: Most recently, we’ve focused on our financial aid distribution process. Since 2009, we have shifted our institutional expenditures from merit to need-based aid to mitigate cost, increase affordability and decrease student indebtedness. We have also committed to funding low income Pell-eligible students.
Financial Literacy: AU recognizes there is not enough information, especially for students and their families who utilize private loans. Therefore, AU is ramping up its efforts to educate students and families about AU costs and promote smart financial decisions. Last spring, the Financial Aid Office created a financial literacy workshop focused on all aspects of money management including debt and budget planning. The program will continue this year.
Tuition Payment Plan Options: American University offers the American Payment Plan (APP) to all students as an alternative to paying your bill in full at the start of each term. The plan splits your Fall or Spring semester balance into convenient monthly payments, with no interest charged. By budgeting ahead for the upcoming term's charges, you may be able to reduce the amount of loans needed for the school year.
Reaching Out to Those in Need: AU has established an Emergency Financial Aid Fund to ensure that students whose situations change significantly are able to continue their studies through to graduation, despite financial challenges they may face on the way. The Class of 2012, many of whom either faced economic hardship themselves or witnessed classmates struggling to stay in school, decided that their senior class gift would be a donation to the Emergency Financial Aid Fund. After hearing of the senior class’s efforts, AU’s deans matched dollar for dollar the donations from students graduating in their school or college. The end result--$14,000 was added to the fund.
Did you know that AU is among the top schools with the highest graduation rates for D.C. TAG students? D.C. TAG students are Washingtonians who earn grants up to $10,000 to attend a public college in another state or a private college in D.C.
For the most up to date undergraduate costs of attendance, please visit the Student Accounts page.
Early Decision I: FAFSA and CSS/Financial Aid PROFILE: Nov. 10
Early Decision II: FAFSA and CSS/Financial Aid PROFILE: Jan. 10
Regular Decision Freshman: FAFSA and CSS/Financial Aid PROFILE: Jan. 10
Transfer: FAFSA and CSS/Financial Aid PROFILE: Mar. 1
Current (Continuing) AU Students: FAFSA: May 1