Emory Advantage

Emory Advantage is Emory University's financial aid initiative to help students from families with annual assessed incomes of $100,000 or less who demonstrate a need for financial aid. The program reduces the amount of money borrowed to pay for an undergraduate Emory degree. The goal is to make an Emory education attainable for any qualified student, regardless of income.

A high-quality student body is composed of diverse ideas, perspectives, backgrounds, and life experiences. Emory is committed to opening our doors to any qualified student who wants to pursue a world-class education and to use their talents to impact the world. Giving students the opportunity to graduate with little or no debt eases the financial burdens that can limit postgraduate career or education choices.

The Loan Replacement Grant (LRG) replaces loans for dependent undergraduate students whose families' annual assessed incomes are $50,000 or less. Grants replace need-based loans to cover expenses including tuition, room, and board. The eligible grant amount represents the student's self-help portion normally given in the form of a loan.

The Loan Cap Program (LCP) caps cumulative need-based debt at $15,000 for dependent undergraduate students whose families' annual assessed incomes are between $50,000 and $100,000. With the Loan Cap Program, students receive a standard financial aid award for freshman and sophomore years. This estimated award could include federal or state aid, institutional loans or grants, or Work-Study. After a student has accrued a total of $15,000 in need-based loans, Emory will provide grants to cover any remaining need-based funding incurred through degree completion. Students enrolled at Emory prior to the 2007-2008 academic year are not eligible for the Loan Cap Program.

Eligibility

Both programs are available to eligible undergraduate students at Emory University studying in Emory College, Oxford College, Goizueta Business School, and Nell Hodgson Woodruff School of Nursing. Eligibility to receive these aid awards assumes on-time progression toward degree completion, including up to eight semesters of study. These programs are available to students who meet citizenship requirements, satisfy eligibility standards for institutional need-based financial aid, and are considered dependent on their families for financial support. These programs are available to students earning their first undergraduate degree; students earning a second undergraduate degree are not eligible to receive aid through these programs.