The Base Loan
For students who qualify for institutional aid, a portion of financial need is first met with a combination of loans, called the base loan. The base loan includes Unsubsidized Direct Loans and AMS loan funds. The base loan amounts are determined annually, assessing anticipated institutional resources and the projected aggregate need of financial aid applicants.
The Base Loan amount for first-year students in 2012-13 is $28,500. Our continuing student base loans range from $31,000-33,000, increasing a bit each year, from year two to year four. Student need is first met by the base loan. All remaining need after the base loan is met with AMS Scholarship. See Financial Aid Awards for sample aid packages and calculations.