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Loan & Money Management

“Learn about student federal loan repayment based on your current student loan process from starting school, about to graduate or leave, and graduated or left school. Visit and the HHS Poverty Guidelines for more information. 

Student Manual

Financial Aid Manual

Financial Literacy

AOMA is committed to offering an affordable education that is accessible to students from a variety of backgrounds. In an effort to reduce student indebtedness, AOMA encourages students to explore a variety of sources for funding their education. In situations where other funding sources do not exist and when students choose to fund their AOMA education through student loans, AOMA encourages students to budget carefully. Careful financial management before, during, and after enrollment can reduce overall debt and create a solid financial platform from which to begin an acupuncture practice after graduation.


Sample Budget Calculator
Sample Budget Calculator Source:

Budgeting and Borrowing Overview

Source: 2012 US Dept. of Education Federal Student Aid Conference


A Financial Aid staff member is available to help students develop and follow a personal budget. Careful budgeting can help minimize the amount a student needs to borrow. In addition, students are urged to consider the following suggestions so that they might identify areas of strength and/or weakness in their own attitudes and practices related to finance and budget:

Identify Needs Vs Wants

Needs are basic items that a human needs to survive such as food, shelter, clothing, and transportation. Additional needs to sustain or improve quality of life entail health costs, such as medicine and insurance. Wants are things that we do not need to survive but wish we could have if we were able acquire them. Ask yourself if you can live without something. What would happen if you did not have the item in question? Would you still survive without this object or experience?

Minimize Expenses

Write down a list of all of your monthly spending - everything to the last dime, including cash donations or other outlays that do not entail actual purchases or bill payments. This step may require you to start keeping all your spending receipts for a whole month. Then, separate the receipts by needs and another stack by wants. The best way to categorize these is to determine what is needed to survive. Remember, expenditures related to items/actions that are not needed to survive will be your wants receipts. The next step is to write your needs figures down on a budget sheet. Total the numbers. Any debt needs to be paid and should be on your budget list until it is paid off. Try to eliminate debt as soon as possible with the smallest balance to the largest being last. Have an emergency financial plan.

Responsible Borrowing

brought to you by Federal Student Aid

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