Complete the FAFSA

Start the process by completing the Free Application for Federal Student Aid (FAFSA). Referring to a FAFSA Tutorial may answer any questions that arise while you complete the form.

Be sure to use the College's school code: 001374

Deadlines for Priority in Awarding Funds

  • Four weeks prior to Mod start

Applications received after these dates will be processed based on availability of funds.

Financial aid offers are based on demonstrated need, which is calculated as Cost of Attendance (COA) minus Expected Family Contribution (EFC):

COA - EFC = Demonstrated Need

Loans

Federal Direct Stafford Loan Program

The William D. Ford Federal Direct Stafford Loan Program is awarded to students who have not met their annual loan limit, who have unmet need, and who have not met their Cost of Attendance (COA).

Federal Direct Graduate PLUS Program

The William D. Ford Federal Direct Graduate PLUS Loan Program (GPLUS) is an unsubsidized loan for graduate students.

Work-Study

Federal Work-Study Program

Students may also qualify to participate in the Federal Work-Study Program, which employs students on-campus. A 2.0 Cumulative Grade Point Average must be maintained to participate in the Federal Work-Study Program. Wages meet federal minimum-wage standards.

Federal Community Service Work-Study Program

Students may also qualify to participate in the Federal Community Service Work-Study Program, which employs students off-campus. A 2.0 Cumulative Grade Point Average must be maintained to participate in the Federal Work-Study Program. Wages meet federal minimum-wage standards.

Gainful Employment

In order to be eligible for funding under the Title IV programs, an educational certificate program must prepare students for "gainful employment in a recognized occupation." Federal requirements mandate that institutions disclose gainful employment information and other statistics in relation to certificate programs.

Non-degree programs, including all certificate programs, are considered Gainful Employment Programs subject to the new regulations. Certificate programs include undergraduate certificate programs, post baccalaureate certificate programs, graduate certificate programs, and post-graduate certificate programs.

Programs Exempt from Gainful Employment

The following educational programs offered are not subject to the new Gainful Employment Program regulations:

  • Programs that lead to a degree, including associate’s degrees, bachelor’s degrees, graduate degrees, and professional degrees
  • Programs that are at least two years in length that are fully transferable to a bachelor’s degree program
  • Preparatory courses of study that provide course work necessary for enrollment in an eligible program

For additional information related to the Gainful Employment Disclosure click here

Calendar of Events

November 15, 2017

Annual FAFSA Day

November 20, 2017

Coffee Conversation: Savings

December 15, 2017

Spring Semester and Module 3 Document Deadline

January 22, 2018

Coffee Conversation: Personal Finances/Living Independently

February 13, 2018

Module 4 Document Deadline

February 26, 2018

Coffee Conversation: Trouble/Financial Difficulty Warning Signs

March 15, 2018

Priority Freshman FAFSA Deadline

March 19, 2018

Coffee Conversation: Taxes

April 15, 2018

Priority Returning Student FAFSA Deadline

April 23, 2018

Coffee Conversation: Repayment

April 23, 2018

“Money Smart Monday” Event

June 1, 2018

Priority ADP FAFSA Deadline

July 1, 2018

Transfer Student Deadline

July 27, 2018

18-19 Fall Semester and Module 1 Document Deadline

Authorization to Manage Funds Form & Excess Funds Form

The Authorization to Manage Funds Form and the Excess Funds Form are no longer required in the 2017-2018 Academic Year. Albertus Magnus College will no longer manage your excess funds. In order to provide more flexible refund options, Albertus Magnus College has partnered with BankMobile Disbursements, a refund management provider to deliver refunds. Any excess funds remaining on your account after current charges are paid will be automatically issued to you based on your selected refund preference. You have the option to:

  • Deposit their refund to an existing account
  • Deposit their refund to a BankMobile vibe checking account
  • Receive a paper check delivered by USPS

You can go online to select your refund preference. Please note that refunds for Parent PLUS Loans are sent via paper check to the parent by mail.

We encourage you to reduce your overall loan debt prior to a credit accruing on your account. Let us know in person, in writing, or by email as soon as possible; you have 30 days after the funds disburse to cancel your loan(s). If you would like to cancel your loans after 30 days, you must make payment arrangements with the Business Office prior to cancelling the loan(s).

If you have any questions, please contact the Financial Aid Office at (203) 773-8508 or at financial_aid@albertus.edu.

New for 2017-2018

Beginning in the 2017-2018 Academic Year, the Financial Aid Office will disburse financial aid for modular-based programs on a semester basis with Module 1 and Module 2 being considered the Fall Semester and Module 3 and Module 4 being considered the Spring Semester. Aid for the semester will disburse once enrollment is confirmed. If you change your enrollment after disbursement, disbursed aid is subject to be recalculated.

If you have any questions or concerns about your financial aid, please contact us at (203) 773-8508 or at financial_aid@albertus.edu.