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Types of Financial Aid

The following types of financial aid are available for Medical Imaging students. Typically, students will receive a combination of aid depending on financial need and availability of funds. Complete details are available on the university financial aid office website.

  • Federal Pell Grant – Based on financial need; up to $5,550 per academic year; first-time baccalaureate students only.
  • Georgia HOPE Scholarship – Not based on financial need; must be Georgia resident; requires a 3.0 cumulative grade point average at  30th, 60th and 90th semester hour benchmarks; $3,600 per academic year; first-time baccalaureate students only.
  • Georgia Tuition Equalization Grant – Not based on financial need; must be Georgia resident and full-time student at Georgia private college; $350 per semester.
  • Martin V.B. Teem Scholarship – Based on financial need; approximately $500-$1,000 per semester.
  • Lettie Pate Whitehead Scholarship – Based on financial need; approximately $1,000-$2,000 per semester; must be Christian female from Southeastern U.S.
  • Allied Health Tuition Loan – Based on financial need; approximately $2,000-$3,000 per semester; 4.22% interest rate; 6-month grace period; no interest assessed until grace period expires; up to 10 years to repay; requires a parent to cosign.
  • Direct Federal Subsidized Stafford Loan – Based on financial need; 3.4% interest rate for 2011-12; interest rate for 2012-13 will increase to 6.8% unless Congress extends the current rate; no interest assessed until borrower leaves school; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); no cosigner required. (See chart on next page for amounts.)
  • Direct Federal Unsubsidized Stafford Loan – Not based on financial need; up to $20,000 (minus any subsidized Stafford funds) per academic year; 6.8% interest rate; interest is assessed as soon as student receives full disbursement of loan but student can allow interest to accumulate and accumulated interest is added to loan amount when student begins repayment; up to 10 years to repay (may be extended up to 25 years depending on total indebtedness); no cosigner required. (See chart on next page for amounts.)

Stafford Loan Amounts

Borrowing Limits for Dependent Students

Years Subsidized Unsubsidized Total
1 $3,500 $2,000 $5,500
2 $4,500 $2,000 $6,500
3, 4, and 5 $5,500 $2,000 $7,500

Borrowing Limits for Independent Students

Years Subsidized Unsubsidized Total
1 $3,500 $6,000 $9,500
2 $4,500 $6,000 $10,500
3, 4, and 5 $5,500 $7,000 $12,500
  • Direct Federal PLUS Loan – Not based on financial need; 7.9% interest. This loan is for the parents of dependent students. The maximum loan amount is the cost of attendance minus any other financial aid that has been awarded for the same time period. The parent borrower must pass a credit check or have a credit-worthy cosigner.  The repayment period begins 60 days after the loan is fully disbursed, but the borrower can defer payment during the time of the student’s enrollment and through the six-month period after the student’s last date of enrollment.  Interest begins to be assessed once the loan is fully disbursed; however, the borrower can choose to allow the interest to accrue while the student is enrolled and for six months afterward. Any accrued interest will be capitalized.
  • Private Loans – Students are encouraged to take advantage of all institutional and federal aid before turning to private loans, which may have higher interest rates and/or lack some of the other benefits of federal aid. However, students who have reached federal loan limits or fail to meet certain academic requirements may need to look to private loans for assistance. These loans are available from some banks that participated in federal loans previously. Borrowers must be credit-worthy or have a credit-worthy cosigner. Check the Office of Financial Aid website for more information.
  • Veterans Benefits – the university Office of the Registrar is responsible for certifying the eligibility and enrollment for students receiving veteran’s educational benefits. More information is available at http://www.registrar.emory.edu/students/va/va_edu_benefits.html.
  • Emory Payment Plan – This plan is available to help students pay any balance owed to the university for tuition and fees over the course of the semester. Rather than paying the entire balance at the beginning of the semester, students make four scheduled monthly payments. There is a $60 fee to enroll in the payment plan. (There is no payment plan for summer semesters.) For details, see http://www.emory.edu/studentfinancials/Student_EPP.htm.

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