Financial Aid Fund

 

AUK’s Financial Aid Fund assists students who are experiencing financial difficulties during their studies. Below, you can find details on whether you are eligible, and how to apply.

Scholarships: The Financial Aid Fund is not a scholarship program. Scholarships are merit-based awards conferred at the time of admission to the University. If you are looking for a scholarship, please visit the scholarship’s page.

Eligibility Criteria:

  1. Applicants must be full-time, matriculated students registered for courses at AUK. Non-matriculated students enrolled in CAPA courses are not eligible. Part-time students and non-degree-seeking students are not eligible.
  2. Applicants must demonstrate a genuine need for financial assistance. Financial aid is provided to meet students’ educational costs that are not covered by other sources of funding.
  3. Student recipients of scholarships or financial support from other sources are eligible to apply for Financial Aid should they need further financial assistance.

Process:

  1. Applications are accepted throughout the year.
  2. Fill out and submit the online Financial Aid Application Form.
  3. Your application will require you to submit supporting documents. Either:
    1. Upload your supporting documents online. Or,
    2. Submit your supporting documents in person to Office No. 16 during standard working hours.
  4. Your application will be reviewed at the next meeting of the Financial Aid Committee. You will be informed of the decision of the Committee within two (2) weeks of the Committee’s meeting. The decision will be communicated by email.
  5. Financial Aid is approved and expended according to the University’s Financial Aid Policy. The decisions of the Financial Aid Committee are final and cannot be appealed.
  6. In the event of award, aid may be disbursed as a one-time payment or as a series of monthly payments; in the form of a bank transfer or as a cash remittance as per the decision of the Financial Aid Committee.

What should I be aware of before submitting an application?

You must be able to demonstrate a genuine need for financial assistance.

The application form requires you to disclose:

  • Details on sudden changes in your recent life circumstances, and why you are no longer able to cover your educational costs.
  • Profile information on your household, including family and parents, their levels of education, their professions, their income, and cases of family hardship (e.g. medical emergencies).
  • Details on property/assets owned by your parents/family.
  • Your bank account statements for the past three months (as applicable).

Please try to provide as much detail as possible. The more complete your application, the faster it will be processed by the Committee (as they will not have to contact you for more information).

Good luck!