- Campus Life
Q. Does AIC offer Academic / Merit Scholarships?
Yes, AIC does award Academic Scholarships to undergraduate students who exhibit strong academic achievement at the high school level, or in the case of transfer students, at the post-secondary level. The Admissions Office is responsible for making those decisions based upon the analysis of the academic record, SAT scores and class rank. Academic Scholarships are renewed each year as long as the student maintains a cumulative GPA of 2.0 or better average.
Q. If I receive an Academic Scholarship from AIC, may I also receive need-based aid?
Yes. Receipt of an Academic Scholarship does not preclude receipt of financial assistance. However, the scholarship will be considered as a resource when determining eligibility for need-based aid.
Q. How do I process educational loans?
Q. If I am not eligible for a Pell Grant, does that mean I am not eligible for any need-based financial aid?
No, A large number of undergraduate students who are not eligible for a Pell Grant receive other need-based financial aid.
Q. I do not live with my parents and they do not claim me as a tax exemption. Do I have to provide their financial information on the FAFSA?
A student's dependent/independent status is determined by the answers to the questions in Step 3 of the FAFSA. If you cannot answer "yes" to any of the questions, then yes, you must provide parental information on the form, even if you are not receiving any financial help from them.
Q. When can I expect to receive a financial aid award letter from AIC?
Awards are sent to students approximately 2-4 weeks after the FAFSA has been received electronically for a student who has been admitted to the College.
Q. What aid can I expect in future years? Will my financial aid package remain the same?
Students are required to complete the application for financial aid each year. The financial aid "package" is based upon the student's calculated need each year. In the event the family income does not change significantly from one year to the next, AIC will attempt to maintain the financial aid award levels throughout a student's tenure at the college. However, dramatic changes in the family's income may impact the amount offered in any given year.
Q. What happens if I receive a scholarship from an outside source?
Scholarships received from an outside source will be allowed to fill the amount of "unmet need" in a student's financial aid package. If, the scholarship, in combination with other forms of aid, exceeds the student's need, AIC will reduce the loan aid first. If all loan aid has been reduced to $0, grant aid will then be reduced. Federal Work-Study will not be reduced.
Q. Do you have endowed scholarship funds that I may apply for? If so, how do I apply?
AIC offers endowed scholarships to undergraduate students who have completed at least one academic year at AIC and have maintained a 3.0 cumulative grade point average. Students are required to submit a separate application for endowed scholarships each year during the Spring semester. The applications are available in the Financial Aid Office and must be received no later than April 1.
Q. Do I have to reapply for financial aid every year?
Yes. It is best to start the process during January or February preceding the upcoming academic year.