Education is one of the most important goals that any person can achieve. It lays the foundation for great career opportunities, which leads to an improved quality of life. So it is important to have a plan of action to determine the best way to pay for your education.
Our staff understands the many challenges students face, so we are committed to help you identify the best possible financial aid options that are available for you. Whether it is Federal Financial Aid (FASFA), Rehabilitation Scholarship opportunities, Florida Prepaid, Student loans or tuition reimbursement, our goal is to help you attain the education for a career in the healthcare industry.
AMA Scholarships
Payment Options
- Registration Fee paid at time of signing enrollment agreement with balance due for each term to be paid one week prior to each term start date.
- Registration Fee paid at time of signing enrollment agreement and balance to be financed (subject to approval) or payment plans.
- Full payment at time of signing enrollment agreement.
- We accept the following methods of payment; cash, money order, check, Visa, MasterCard, or other Major Credit Card.
Emergency Broadband Benefit Program
Dear Students,
As part of the Consolidated Appropriations Act of 2021, Congress has appropriated $3.2B to help low-income households pay for broadband service and connected internet devices. This program may provide discounts for eligible consumers.
If you have received Federal Pell Grant information in the current award year, you may be eligible.
For more information on the application, eligibility criteria or general assistance, please visit https://
Higher Education Emergency Relief Funds
American Medical Academy has submitted to the Department of Education a signed Certification and Agreement participation for HEERF (Higher Education Emergency Relief Funds) CARES Act. AMA intends to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students.
AMA received a total of $136,631.00 from the Department of Education, pursuant to the institution’s Certification and Agreement {for} Emergency Financial Aid Grants to students.
The total amount to be distributed to students will be $136,631.00 under Section 18004(a)(1) of the CARES Act.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES Act as of September 1, 2020 is $136,631.00
The total number of students at the institution eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965, and thus eligible to receive Emergency Financial Aid Grants to students under Section 1800(a)(1) of the CARES Act, is 134 students. These funds were made available to students during the months of May through September1, 2020.
As of September 1, 2020, 134 students received Emergency Financial Aid Grants under Section 18004(a)(1) of the CARES Act.
There are two groups of students: Group One (1) are active students receiving Financial Aid at AMA and Group Two (2) are active students not receiving Financial Aid at AMA. Group two (2) students who had not already done so, were advised to complete a FAFSA application in order to become eligible to receive the grant.
Estimated Family Contribution (EFC) has been used to calculate and determine how much each student will be receiving in Group One (1). A portion of the grant was equally divided amongst those in Group Two (2) who had provided eligibility by submitting a FAFSA application.
Students were required to complete a CARES Act application to receive these grants. You may spend the money on expenses related to COVID-19 as you indicated on your application, including housing, food, utilities, childcare, technology, medical or education.
Students should contact the school’s financial aid department with any questions.
Institutional 1st Quarterly HEERF Report
Institutional 2nd Quarterly HEERF Report
- Veteran Benefits (VA)
- Federal Financial Aid (FAFSA)
- Florida Prepaid
- Private Student Loans
- Company-Paid Reimbursement Programs
VETERAN STUDENT TRAINING ASSISTANCE PROGRAM
Welcome fellow veterans, thank you for your service, contribution, support and sacrifice you have given our country. Congratulations in seeking and pursuing a career in one of the noblest professions in the ever growing field of medicine. American Medical Academy has dedicated personnel and instructors to ensure your career as a medical professional.
You may access the VA Benefits Application online at www.VA.gov
For Post 9/11 GI Bill® (Ch 33) students and VA Vocational Rehabilitation and Employment (Ch 31) students, our tuition policy complies with 38 USC 3679(e) which means Post 9/11 and Vocational Rehabilitation and Employment students will not be charged or otherwise penalized due to a delay in VA tuition and fee payments. For eligibility consideration, a Post 9/11 GI Bill® student must submit a VA Certificate of Eligibility (COE) and a Vocational Rehabilitation Student must provide a VAF 28-1905 form. You will also need to submit a copy of your DD214. Please see 38 USC 3679(e) for complete details.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at www.benefits.va.gov/gibill
FEDERAL FINANCIAL AID (FAFSA)
Financial aid is any grant, loan or scholarship to assist a student in meeting their educational expenses. Federal and state agencies and/or the School itself usually provide funding. Most financial aid is based on the student’s financial need as determined by the federal government’s system of need analysis. Financial need is based on federal regulations and information provided by the student and/or student’s family on the Free Application for Federal Student Aid (FAFSA). The amounts and types of financial aid that a student can receive are determined by federal, state and institutional guidelines. Students who wish to be considered for financial assistance offered by/through the College must complete and submit the FAFSA.
Federal Pell Grant
A Federal Pell Grant, is a federal grant awarded based on financial need and unlike a loan, does not have to be repaid. Federal Pell Grants usually are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree. (In some cases, however, a student enrolled in a postbaccalaureate teacher certification program might receive a Federal Pell Grant.) You are not eligible to receive a Federal Pell Grant if you are incarcerated in a federal or state penal institution or are subject to an involuntary civil commitment upon completion of a period of incarceration for a forcible or nonforcible sexual offense. The FAFSA is available online at http://www.studentaid.gov
Federal Loans
Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. AMA participates in the Federal Direct Loan Program (FDLP) allowing students and their parents to borrow money to help with the student educational costs.
Difference between Direct Subsidized Loans and Direct Unsubsidized Loans
Direct Subsidized Loans have slightly better terms to help out students with financial need.
Direct Subsidized Loans:
- Direct Subsidized Loans are available to undergraduate students with financial need.
- Your school determines the amount you can borrow, and the amount may not exceed your financial need.
- The U.S. Department of Education pays the interest on a Direct Subsidized Loan
- while you’re in school at least half-time,
- for the first six months after you leave school (referred to as a grace period*), and
- during a period of deferment (a postponement of loan payments).
Direct Unsubsidized Loans:
- Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.
- Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive.
- You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.
- If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).
Am I eligible for a Direct Subsidized Loan or a Direct Unsubsidized Loan?
To receive either type of loan, you must be enrolled at least half-time at a school that participates in the Direct Loan Program. Generally, you must also be enrolled in a program that leads to a degree or certificate awarded by the school. Direct Subsidized Loans are available only to undergraduate students who have financial need. Direct Unsubsidized Loans are available to both undergraduates and graduate or professional degree students. You are not required to show financial need to receive a Direct Unsubsidized Loan.
For more information, please contact AMA’s Financial Aid Department.
ON OUR SITE
- Learn the Basics – Start here to learn what you need to know about available programs, costs, and rights and responsibilities.
- Apply for Aid – Know the basics? Then you are ready to get started on your applications. Here, you’ll learn about the process of applying for financial aid, including but not limited to grants, work programs, and loans – while meeting deadlines.
- Receive Funds – When your aid is ready, how will you receive it? In this section, you’ll learn how to get the money you need to pay for your education.
- News and Tools – Want to know what a repayment loan will look like or what college life will cost? Special calculators can help you crunch the numbers. Also, get news updates and see student guides that can help you get a handle on the future.
- Verification Forms – Verification is a review process in which the Financial Aid Department determines the accuracy of various data elements reported by the student/parent on the student’s Free Application for Federal Student Aid (FAFSA). The following link provides these forms for verification.
FLORIDA PREPAID
American Medical Academy (AMA) is a participant for the Florida Prepaid College Foundation. In order to use your prepaid tuition at AMA, you must first notify Florida Prepaid of your intention to use your prepaid tuition at AMA by signing a transfer form. Once the proper documentations arrive to AMA from Florida Prepaid, an invoice is generated with your course tuition amount for processing. Student planning to use their Prepaid Tuition should do so early to ensure clearance before class starts.
Private Financing Program
Private financing programs are available to help students meet the costs of education by providing long-term financing options. Students should exhaust all federal Title IV assistance available, including the Federal Direct Stafford Loan and the Federal Direct Graduate PLUS Loan, before considering a private student loan program. The repayment terms of federal programs may be more favorable than the terms of private loan programs. Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide. Federal Direct Loans are available to students regardless of income. For additional information, students should contact the School’s Financial Aid Office.
COMPANY-PAID REIMBURSEMENT PROGRAMS
Many companies or institutions will pay or reimburse employees for their tuition upon successful completion of a course or program. AMA provides documentation of course or program completion, as required by such plans. For any further information or request of student verification contact 305.271.6555 and speak with an admissions counselor.
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