A debt-relief program that makes the cost of a private college education like that at Emory more affordable and easier to plan for, Emory Advantage is intended for students whose total family assessed income is $50,000 or less and who demonstrate a need for financial aid to make their Emory education a reality. It involves a Loan Replacement Grant that replaces the normally awarded need-based loans with institutional grants. Students who fall in this category would graduate from Emory debt free.

Emory’s Loan Cap Program limits total four-year, need-based debt to $15,000 for those families with total family assessed incomes between $50,000 and $100,000 who demonstrate a need for financial aid. Under this plan, you’ll receive a standard financial aid award including federal or state aid, institutional loans or grants and work-study. This program applies only to need-based loans and does not include unsubsidized federal Stafford loans or parent loans secured while attending another institution. Students who fall in this category would graduate from Emory with only $15,000 of debt.

To learn more, go to http://www.emory.edu/FINANCIAL_AID/emory_advantage/.