What is the Emory Advantage financial aid initiative?
Emory Advantage consists of two programs: a Loan Replacement Grant and a Loan Cap Program. For the Loan Replacement Grant, need-based student loans will be replaced with grants in initial financial aid awards for dependent undergraduate students from families with assessed incomes of $50,000 or less who demonstrate need. Institutional funding will be provided to cover educational costs normally covered by loans. For the Loan Cap Program, dependent students from families with assessed incomes falling between $50,001 and $100,000 may be eligible for a $15,000 need-based loan cap over the term of their undergraduate career. This initiative has been implemented to ease loan burdens for families and to help improve access for middle-income families. Emory’s goal for these programs is to make an Emory education affordable for any qualified student, regardless of family income.
Emory Advantage consists of two programs: a Loan Replacement Grant and a Loan Cap Program. For the Loan Replacement Grant, need-based student loans will be replaced with grants in initial financial aid awards for dependent undergraduate students from families with total incomes of $50,000 or less who demonstrate need. Institutional funding will be provided to cover educational costs normally covered by loans. For the Loan Cap Program, dependent students from families with total incomes falling between $50,001 and $100,000 may be eligible for a $15,000 need-based loan cap over the term of their undergraduate career. This initiative has been implemented to ease loan burdens for families and to help improve access for middle-income families. Emory’s goal for these programs is to make an Emory education affordable for any qualified student, regardless of family income.
