Step 1: What an ABF Award Covers

What We Fund

Please note that ABF’s funding is based on a student’s need, with merit being a key factor in our award decisions.  Our awards are meant only to supplement a student’s other sources of college funding. While most applications are successful, we cannot guarantee that funding will be provided.

  • Education Levels: Undergraduate, graduate, and vocational
  • Locations: Educational institutions in The United States or Canada
  • Expenses: Tuition, books and housing
  • Funding Type: Complementary aid: we are needs-based and bridge funding gaps; we are not a primary aid source
  • Awards Types: Loans, grants, or both — award offers depend on a review of the application
  • Award Distribution: Loans are made payable to students and grants are made payable to educational institutions
  • Award Duration: One academic year, one academic semester, or one vocational course; we do not fund course work completed in the past
  • Award Average (current):  $4,500 (combined loan and grant)
  • Loan Repayment: 12-month grace period upon graduation, 3% interest rate, 10 year repayment term, or a minimum of $38/month

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