Financial Aid FAQ

At AIC, we’re here to answer all your questions about financial aid. Here are answers to some of the most common questions.

Q:Does AIC Offer Merit/Academic Scholarships?
A:Yes, AIC awards 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 continues to maintain satisfactory academic progress.

Q:If I receive an Academic Scholarship from AIC, may I also receive need-based aid?
A: Yes. Getting an Academic Scholarship does not prevent you from receiving other financial assistance. However, the scholarship will be considered as a resource when determining eligibility for need-based aid

Q: Does AIC Offer Athletic Scholarships?
A: AIC offers many different athletic scholarships each year- in fact nearly a third of the undergraduate population participates in some time of athletic sport! all decisions regarding athletic scholarships are made by the athletics department. If you would like to learn more about athletics at AIC please reach out to the Office of Admission

Q: If I am not eligible for a Pell Grant, does that mean I am not eligible for any need-based financial aid?
A: No. A large number of undergraduate students who are not eligible for a Pell Grant receive other need-based financial aid by submitting the FAFSA.

Q: I do not live with my parents and they do not claim me as a dependent. Do I have to provide their financial information on the FAFSA?
A: 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. To learn more about dependent and independent status, take a moment to watch us.

Q: When can I expect to receive a financial aid award letter from AIC?
A: Awards are sent to students who have been admitted to AIC approximately 2–4 weeks after the FAFSA has been received electronically.

Q: What aid can I expect in future years? Will my financial aid package remain the same?
A: Students are required to complete the application for financial aid each year (the FAFSA). 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 awards 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?
A: 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 adjusted

Q: Do I have to reapply for financial aid every year?
A: Yes, you will need to submit the FAFSA annually. It is best to start the process during October or November preceding the upcoming academic year.

Q: What are the most common myths about financial aid?
A: Financial aid myths come in many shapes and sizes, to learn more about federal financial aid programs and the FAFSA watch the video below.
Q: If I borrow Federal Student Loans can I afford to pay them back?
A: Repayment options for federal student loans are incredibly flexible and there is always an option to suit your individual financial status.

I received a Presidential Scholarship because I had a good GPA in high school. I was surprised at the amount I got; it showed me that keeping my grades up in high school paid off.

Also, the physical therapy program at AIC takes six years, when it’s actually seven at other schools. That saves me a whole year of tuition.

Stefanie - Physical Therapy Major
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