Emory Advantage

Emory Advantage gives students the opportunity to graduate with little or no debt, easing the financial burdens that can limit postgraduate career or education choices. The program is designed for families with annual total incomes of $100,000 or less who demonstrate a need for financial aid.

Loan Replacement Grant

The Loan Replacement Grant replaces loans for dependent undergraduate students whose families' annual total incomes are $50,000 or less. Grants replace the Federal Direct Subsidized Loan offer typically provided in the aid package. The eligible grant amount represents the student's loan self-help portion of the aid package. Funds may be used to cover educational expenses including tuition, room, and board.

Loan Cap Program

The Loan Cap program caps cumulative Federal Direct Subsidized Loan debt at $15,000 for domestic, dependent undergraduate students whose families’ total annual incomes are between $50,001 and $100,000. With the Loan Cap program, students receive a standard financial aid package (which includes loans) until $15,000 in Federal Direct Subsidized Loan debt is accrued. The loan threshold includes debt obtained for Emory enrollment only.  After the loan cap is reached, grants will be provided to replace Federal Direct Subsidized Loan eligibility. 

Who Is Eligible?

There is no separate application for the Emory Advantage program. All students who apply for institutional need-based financial aid will be considered for this program. Continuing Emory students must submit an application for financial aid each year to assess current eligibility.

Both programs are available to eligible undergraduate dependent students at Emory University studying in Emory College, Oxford College, Goizueta Business School, and Nell Hodgson Woodruff School of Nursing. 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.

If you meet the criteria for the Emory Advantage program, your financial aid package will include a reasonable amount of Federal Work-Study. A work component is considered part of the student's self-help expectation.