FINANCING YOUR EDUCATION
AUA is committed to supporting all students in finding a means to finance their education. For citizens of the Republic of Armenia and holders of Armenian special passports for special residency status, AUA provides an automatic subsidy off the total cost of their education. In addition, the University offers need-based tuition assistance to citizens of Armenia with demonstrated financial need that may discount the cost of education further by up to 90%. There are also a limited number of scholarships available for academically gifted students.
International students are eligible for merit-based scholarships that may cover up to 50% of tuition. The University also offers a range of other tools to help you finance your education. See below for more information.
Financial Aid Options for ARMENIAN CITIZENS
Financial Aid Options for
Additional tools to support you in financing your education
All students automatically receive a payment plan that divides the total cost of tuition into eight equal installments paid throughout the year, as outlined in the education contract.
American University of Armenia has teamed-up with Byblos Bank Armenia to offer heavily subsidized student loans for its graduate students and undergraduate students in their junior and senior years of study. For more information about interest rates, loan amounts, repayment, fees, and more, please visit finaid.aua.am/loans.
A deferment is a temporary period during which a student is not required to make tuition payments. Deferments allow a student to temporarily suspend part of their tuition payments for a specified period of time, prescribed by an amendment to the main education contract.
Please schedule an appointment with the Financial Aid Coordinator to discuss the terms of a Tuition Fee Deferment and set a new payment schedule.
Effective academic year 2017-18 deferred payment option is available for freshman and sophomore students only. Graduate students, as well as junior and senior students may apply for student loans. For more detailed information on the given option please click here.
A form of self-help aid; a subsidized student employment program. Within the framework of the program, students may seek employment for up to twenty (20) hours per week within the university. Work study contracts are given every semester.
Students employed under work study program are expected to sign a work study form.