The Albertus Magnus College Financial Aid Office’s mission is to serve the student body, provide financial means, promote financial knowledge, and facilitate affordable access to higher education. The Financial Aid Office assists students in financing their education by using a variety of sources including: scholarships, grants, loans, and work-study programs.
Complete the FAFSA
Be sure to use the College's school code: 001374
Deadlines for Priority in Awarding Funds
- Two weeks prior to start of term
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 to support your education will be credited to your balance when we receive the funds from the lender.
Federal Direct Subsidized Stafford Loan
With demonstrated need, you may apply for this federal loan and borrow up to $3,500 as a freshman, $4,500 as a sophomore and $5,500 as a junior or senior. A six-month grace period is provided after graduation or if you fall below half-time enrollment before repayment must begin. Interest is currently fixed at 3.86% but may be subject to change. While you remain in school, the government pays interest on all subsidized loans.
Federal Direct Unsubsidized Stafford Loan
You may qualify for this non-need-based federal loan. Interest is currently fixed at 6.21% but may be subject to change. While in school and in any deferment periods, you are responsible for paying the interest. Interest rates are typically reset in July.
A 1.073% origination fee will be assessed on all Federal Direct Stafford Loan Disbursements whose first disbursement occurs on or after December 1, 2013.
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.
Financial Aid Policies
The Department of Education requires that all institutions of higher education disclose pertinent policies to the student body. All current Financial Aid Policies, including the Satisfactory Academic Progress Policy, can be found on the Consumer Information Page. Please contact the Financial Aid Office for clarification or for more information on any of the policies.
FAFSA School Code
When you complete the FAFSA, be sure to include the College's school code: 001374.
Hours of Operation:
8:30 a.m. – 4:30 p.m. Monday
8:30 a.m. – 6:00 p.m. Tuesday
8:30 a.m. – 6:00 p.m. Wednesday
8:30 a.m. – 6:00 p.m. Thursday
8:30 a.m. – 4:30 p.m. Friday
Contact UsFinancial Aid Office
Aquinas Hall, Room 107
(800) 935-6621 toll-free
(203) 773-8508 local
(203) 773-8972 fax
April 15, 2016
Priority FAFSA Deadline for Returning Day Students
April 18, 2016
What’s the Scoop on SALT? Event
April 20, 2016
What’s the Scoop on SALT? Event – RAIN DATE
April 24, 2016
Exit Counseling Fair
April 25, 2016
Exit Counseling Fair
June 1, 2016
Priority FAFSA Deadline for Professional and Graduate Studies Students
July 29, 2016
Missing Document Deadline
Code of Conduct
We adhere to Connecticut's Financial Aid Code of Conduct.
Federal Perkins Loan Update
The final year for the Federal Perkins Loan Program is the 2016-2017 Academic Year. There is no grandfathering provision in place after the 2016-2017 Academic Year. More information to follow.