Effective as of: 15.01.2016
Policy name: Financial Aid
Policy of Publication
Policy Number: ACAD20150019
1. Tuition Assistance
Tuition Assistance is need-based financial aid available to degree-seeking full-time students who are citizens of the RA and those individuals defined in Chapter 1, Article 6, Clause 3 of the Republic of Armenia Law on Higher and Postgraduate Professional Education.
Tuition Assistance is provided in accordance with students’ documented financial need. Tuition Assistance does not have to be repaid and typically ranges from 25% to 90% of the total tuition.
Students must apply for Tuition Assistance each academic year.
Information provided by applicants is confidential, and is subject to spot checks by financial aid officers. Decisions on allocation of aid are made anonymously by the Financial Aid Committee. Submitting incomplete or false information will result in denial or revocation of any tuition assistance, and exclusion from future Tuition Assistance.
Tuition Assitance awards are made for one academic year. To be eligible for Tuition Assistance, students must be enrolled full-time and maintain good academic standing (See Grade Policies). If students switch to part-time status, Tuition Assistance will be withdrawn. If students fall below good academic standing, tuition assistance will be withdrawn, but reinstated upon regaining good academic standing.
2. Academic Scholarships
Academic scholarships are annual merit-based financial awards. A limited number of academic scholarships are available to citizens of Armenia and international students as noted below.
A student’s financial situation is not considered for academic scholarships. Academic standing is the primary selection criterion for academic scholarships. However academic scholarships may also be in recognition of a combination of merit, special talent, skill, or ability.
2.1. University-Wide Scholarships
AUA offers university-wide academic scholarships to current full-time students after their first year of studies at AUA. This scholarship covers half the cost of annual tuition.
2.2. AUA/MoES Scholarships
AUA/MoES scholarships are merit-based full scholarships jointly covered by the Ministry of Education and Science of Armenia and AUA. These awards are made for one academic year.
2.3. Scholarships for International Students
International Scholarships are merit-based awards which cover up to 50% of tuition for international students.
3. Payment Options
Typically, AUA students pay tuition in equally disbursed installments as indicated in their educational contract. See Payment Options.
3.1. Deferred Payment
Deferred Payment is an alternative payment plan included and described in the students’ educational contract which allows students to temporarily suspend part of their tuition payments for a specified period of time, as described in an amendment to their main educational contract.
3.2. Work-Study within Tuition Support Program
Work-study within Tuition Support Program is a student employment program, available to full-time, degree-seeking students in good academic standing.
4. Financial Difficulties
In rare exceptional cases, students may be able to submit an application for financial aid after the deadline.