Types of Financial Aid
The goal of financial aid at UMA is to make college affordable for a broader spectrum of able students. Eligibility for many UMA financial aid programs is based on the calculation of a student's financial need as determined through the Free Application for Federal Student Aid (FAFSA). For more information on how financial need is calculated, click here to visit the Federal Student Aid web site.
Most financial aid awards at UMA are offered to help pay for education- related expenses which the student and/or family cannot afford.
UMA participates in Federal Title IV Financial Aid programs and State Financial Aid programs as well as providing University grants and scholarships.
For more information on the types of assistance available at UMA, please select from the list below:
- Scholarships - assistance which does not have to be repaid, usually but not always dependent on financial need
- Waivers - assistance which does not have to be repaid, but which is restricted to members of specified groups
- Grants - assistance which does not have to be repaid but which is dependent on financial need
- Loans - assistance which must be repaid, often at a below market interest rate. Loans are not usually dependent on financial need although the interest rate charged may be.