Student Authorizations

Effective July 1, 2017, the College will no longer hold credit balances on student accounts. Albertus Magnus College has partnered with BankMobile Disbursements, a refund management provider, in order to provide more flexible options for receiving refunds. Students have three choices for receiving their refunds:

  • electronic deposit into an existing bank account
  • electronic deposit to a Vibe account offered by BankMobile
  • paper check mailed to the address on file.

Effective July 1, 2017, the College will no longer hold credit balances on student accounts. Albertus Magnus College has partnered with BankMobile Disbursements, a refund management provider, in order to provide more flexible options for receiving refunds. Students have three choices for receiving their refunds:

  1. Update your mailing address on file at the College
  2. Look for a green envelope from BankMobile Disbursements
  3. Make your choice online

**Financial aid loan recipients who wish to have excess funds returned to their lender should contact Financial Aid Office as soon as possible to adjust their aid to Tuition and Fees Only**

For more information regarding BankMobile, please visit their website. View contract and profile information here.

Parent PLUS Loans (PPLUS)

If a credit balance occurs due to Parent PLUS Loans disbursements, the credit will be sent to the parent via check to his/her home address.



For students who withdraw, drop out, are dismissed, or take a leave of absence from the College, the following refund schedule will be applied towards institutional charges. Please be aware that based on the refund calculations applied, a student is responsible for any outstanding charges owed to Albertus Magnus College. All fees (Application Fee, Registration Fee, Add/Drop Fee, Information Technology Fee, Course Lab Fees) are non-refundable.

NOTE: any student who is a financial aid recipient prior to or at the time of withdrawal must see the Director of Financial Aid. For further details, contact the Financial Aid Office.

Tuition Charges Refund Schedule:

100% refund - The first calendar day of classes
90% refund - the 2nd to the 7th calendar day of classes
50% refund - the 8th to the 51st calendar day of classes
0% refund - The 52nd calendar day and beyond of classes

Room and Board Charges Refund Schedule:

Room and board charges will be pro-rated on a weekly basis.
After the 21st day (day one starts on the first calendar day of classes) of the semester NO REFUNDS WILL BE GIVEN.
No refunds will be given when a student is suspended or expelled from a residence hall due to a disciplinary action.