Undergraduates: Grants, Loans and Jobs

Grants 

A grant is offered to supplement a family's maximum financial effort. It is disbursed on a very limited basis and in a variety of amounts based on need and/or on academic merit. Only Moroccan students are eligible for financial aid.

A grant is need-based aid that does not need to be repaid. It is awarded to both undergraduate and graduate students. Students must demonstrate financial need and provide parental data to be considered for these funds. The grant award is determined on the basis of parents' income and asset information the student provides to the Financial Aid Office as well as on his/her academic profile. It is awarded for a maximum of eight enrolling semesters. A grant is not available during summer sessions.

  • Grant Renewal Policy

Undergraduate grant beneficiaries are eligible for an Al Akhawayn grant for a maximum of eight semesters. To be eligible for aid and to retain eligibility, a student must be making satisfactory academic progress by achieving a minimum semester grade point average (SGPA) of 2.00/4.00 at the end of each semester. Undergraduate students who fail to meet this requirement during the fall or spring semester are placed on financial aid probation for the following semester. If they are unable to achieve satisfactory academic standing at the conclusion of the probationary semester, they will be placed on "financial aid suspension" until such time that they satisfy the semester grade point average requirement. If, on the other hand, students obtain a semester grade point average below 1.50/4.00, they will lose their eligibility to receive financial aid for the following semester. Moreover, If the student obtains "W" or "WP" or "WF" in all courses at the end of any semester, s/he will be automatically placed on grant suspension for the following semester. The summer session GPA will not be taken into account either for probation, suspension or reinstatement.

The following table summarizes the data above:

Semester Status

Grant Decision

SGPA ≥ 2.00

Good standing. Grant is maintained for the following semester.

SGPA between 1.50-1.99

Grant probation. Grant may be maintained with the condition to obtain a SGPA of 2.00 or better for the following semester.

SGPA below 1.50

Grant suspension for the following semester until
student reaches a SGPA of 2.00 or higher.

SGPA below 2.00 after two
consecutive semesters

Grant suspension for the following semester until
student reaches a SGPA of 2.00 or higher.

At the end of any semester: SGPA with "W" or "WP" or "WF" in all courses.

Grant suspension for the following semester 

 

A separate financial aid system is available for AUI grant students who are enrolled in Language Center courses (with or without FAS courses) in their first or second semester at AUI.

At the end of the semester, students who are left with a maximum of 4 language center courses (for e.g. those passing from level 1 to level 2 and obtaining a minimum of “C” grade in their FAS and/or in regular courses), are eligible to maintain their grant for the following semester. However, if the undergraduate student obtains a failing grade of (D, F or WF) in a Language Center course in either level 1 or 2 or in the FAS course, the virtual SGPA is highly considered in case of grant probation or suspension. The minimum SGPA to maintain the grant for the subsequent semester for undergraduate language center students is also 2.00/4.00 as stated in the table above.

Loans

Bank Loans

  • Loan Term and Amount

A bank loan is a form of financial aid that must be repaid. The loan recipient can benefit from a maximum of 20,000 MAD per semester during nine enrolling semesters. This loan program provides undergraduate students, even those with no financial need, with long-term loans payable over a reasonably long period with especially an attractive interest rate of 7.5 percent. This interest rate is the same rate applied to the in-school, grace, and repayment periods. Repayment is made in the form of equal monthly installments and starts 12 months after the last bank receipt released to the order of Al Akhawayn or after a student's withdrawal from the university.

An undergraduate student may apply for a bank loan at any semester; however, the final decision is subject to bank approval based on adequate supporting documentation.

For more details, please see the table below: 

Description

Bachelor’s Candidate

Authorized Global Loan Amount

180,000 MAD

Maximum Amount Released per Semester

20,000 MAD

Maximum Loan Term

14 years

Studies Term

4 years + 6 months

Refunding Term

8 years + 6 months

Grace Period

12 months

Interest Rate during In-School Period

7.5% (Plus Tax)

Interest Rate during Refunding Period

7.5% (Plus Tax)

 

 

 

 

 

 

 

 

 

 

  • Applying for a Bank Loan

To apply for a bank loan, students should complete the Bank Loan Application Form, provide all the required documents, and submit them to the Financial Aid Office within the set deadline. The Financial Aid Office then makes a preliminary review for any missing documentation on the applicant's loan file and then transfers the file to the Bank Loan Committee for final review.

The bank loan process is very delicate and it takes significant time to go through all applications before taking any decision. Any missing document delays the smooth operation of the bank loan process.

Within the same framework, the Bank Loan Committee works in cooperation with the Financial Aid Office to satisfy parents' needs, but it is the primary responsibility of the bank to communicate the final decision to the loan applicant before the confirmation deposit period.

Any unused loan funds remaining in the student's account after withdrawal, or completion of studies will be returned to the bank and not to the student or to the individual responsible for making the loan payment.

Qualified applicants will receive an award notification by mail and/or e-mail with information about the amount of the loan offered before their regular registration at Al Akhawayn. Students whose loan application files are rejected are also notified via mail and/or e-mail.

State Guaranteed Loans

  • Loan Term and Amount

A state guaranteed loan is a form of financial aid that must be repaid. It is offered only to students admitted to the School of Science and Engineering and/or the School of Business.

The loan recipient can benefit from a maximum of 25,000 MAD per semester during 10 enrolling semesters. This loan program provides students, even those with no financial need, with long-term loans payable over a reasonably long period and with an attractive interest rate of almost 6.95 percent plus TVA (to be negotiated with the relevant bank). This interest rate is the same rate applied to the in-school and repayment periods. Repayment is made in the form of equal monthly installments and starts just after the last bank receipt released to the order of Al Akhawayn or after a student's withdrawal from the university.

A student may apply for the state guaranteed loan at any semester; however, the final decision is subject to the bank approval based on adequate supporting documentation.

For more details, please see the table below:

Description

Bachelor’s Candidate

Authorized Global Loan Amount

250,000 MAD

Maximum Amount Released per Semester

25,000 MAD

Maximum Loan Term

12 years

Studies Term

5 years

Refunding Term

6 years

Grace Period

1 year

Interest Rate During In-School Period

To be negotiated between the bank and the beneficiary

Interest Rate During Refunding Period

To be negotiated between the bank and the beneficiary

CCG Fees

1.5% + TVA

 

  • Applying for a State Guaranteed Loan

To apply for a state guaranteed loan, the student should respect the same procedure as that of the bank loan stated above. However, the applicant has also the possibility to submit his/her state guaranteed loan application file with the required documents at any bank he/she chooses throughout Morocco.

 

Student Employment

Student employment is an opportunity for an undergraduate student to work on-campus and earn a specified amount of money per semester. This program also encourages community service work. Students must complete the Student Employment Application form to be considered for a work-study award.

  • Applying for Student Employment

Before the end of the semester, all enrolled Al Akhawayn undergraduate students have the possibility to apply for a part-time job for the subsequent semester by completing the Student Employment Application form and submitting it to the Financial Aid Office. The Financial Aid Office reviews all the part-time job applications by checking eligibility for the work study requirements.Then, the Financial Aid Office proceeds into the work study assignment program.

Within the same context, some undergraduate students may be interviewed for job placement by their future supervisors. The Financial Aid Office also tries to take into consideration the students' interests and abilities as well as the needs of the various university departments. Part-time job supervisors are not authorized to hire any student without a letter of appointment delivered by the Financial Aid Office.

  • Student Employment Eligibility

Student employment is available to enrolled undergraduate students who have completed a minimum of 30 credits with a CGPA of 3.00 or better. The part-time job beneficiaries should also be aware that a part-time job is no longer automatically guaranteed from one semester to another. Rather, it is contingent upon a student's demonstrated financial need, work-study performance evaluation, vacancies available, and academic achievement.

Students are not allowed to benefit from two part-time job positions at the same time except with authorization from the Vice President for Academic Affairs. This program is not available during the summer session.

  • Student Employment Compensation

Once a part-time job beneficiary is assigned to a particular position, payment is credited to his/her accounts with the university at the end of the semester depending on the number of hours actually worked.

Part-time job beneficiaries are required to work a maximum of 10 hours per week (160 hours per semester) at the rate of 25 MAD per hour (4,000 MAD per semester). This number of hours may be exceeded to make up for missing hours in the case of absence, vacation, exam periods, and/or late assignment.

At the end of the semester, part-time job students left with a part-time job balance of more than 80 hours are placed on part-time job suspension for the subsequent semester.

  • Student Employment Assignment Areas

Undergraduate students meeting the eligibility requirements are assigned during the first week of classes to one of the positions offered in the following areas:

DEPARTMENT OR SCHOOL

 

Admissions Office 

Athletics Department

Business Services

Community Service Office

Financial Aid Office

Housing Services

Institute of Economic Analysis and Prospective Studies

Information Technology Services

Language Center

Library

Department of Development and Communication

Office of International Programs

School of Business Administration

School of Humanities and Social Sciences

School of Science and Engineering

Book Store

Student Activities Office