Financial Aid

Sister Maria Patricia Devaney Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.7 or better. Students with a cumulative GPA of 3.5 to 3.69 will receive half of the scholarship.

Presidential Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.3 or better for those students who started prior to 2006. Renewal of this scholarship based on maintaining a cumulative GPA of 3.2 or better for those students starting in 2006.

Mohun Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better.

Saint Thomas Aquinas Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better.

Longstreth-Rudnick Science Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better.

Honorable Richard C. Lee Scholarships for New Haven area students

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better for 25% and 50% scholarships and a 3.3 cumulative BPA for 75%scholarship who started prior to 2006. Renewal of this scholarship based on maintaining a cumulative GPA of 2.5 for 25% and 50% scholarships and a 3.5 cumulative GPA for 75% scholarship for those students starting in 2006.

Transfer Student Scholarship

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better.

St. Albert Award

Renewal of scholarship based on maintaining a cumulative GPA of 3.0 or better

Federal Perkins Loan

A federal loan program for students with a demonstrated high financial need.  A 9-month grace period is provided before repayment begins after graduation.  Interest is fixed at 5%.  Once students start school they will complete Master Promissory Note.

Federal Subsidized Stafford Loan

A federal loan offered to students with demonstrated need. Students may borrow up to $5,500 as a freshman, $6,500 as a sophomore, and $7,500 as a junior or senior. A 6-month grace period is provided before repayment begins after graduation, or when a student falls below half-time enrollment. Interest is fixed 6.0%, but may be subject to change. While in school the government pays interest on all Subsidized Loans.
• Preferred Lender List

Federal Unsubsidized Stafford Loan

A non-need based federal loan. Students who qualify for an unsubsidized Stafford Loan must either be of independent status, or obtain a Plus Loan denial letter. The interest rate is currently fixed at 6.8%, but may be subject to change. The student is responsible for the interest while in school and in any deferment periods.
• Preferred Lender List

Federal Pell Grant

A need-based award offered to students with very low Estimated Family Contribution (EFC). The EFC determines a student’s Pell Grant eligibility. The federal government determines award levels including the maximum and minimum amounts annually.

Federal Supplemental Education Opportunity Grant (SEOG)

Funded by the federal government and if offered to students with the highest need, typically Pell Grant recipients.

Albertus Magnus College (AMC) Grant

Awarded by the Financial Aid Office based on a student’s financial need.

Albertus Magnus College (AMC) Grant

Awarded by the Financial Aid Office based on a student’s financial need.

AMC VIP Grant

Awarded by the Admissions Office based on a student’s extra-curricular activities in high school. This grant is offered to a newly graduated high school student who will be a first time freshman. This fund is not renewed beyond the first year of college.

CT Independent College Grant (CICS)

Need-based and awarded to students who are Connecticut residents attending private institutions within the State

CT Independent College Minority Grant (CICSM)

Awarded to students with a demonstrated need who are Connecticut residents attending private institutions within the State. Students must be a minority, as defined by the Connecticut Independent College Grant program.

AMC Multiple Family Discount

Available when two or more siblings from a family simultaneously attend as full-time day division students. This second family member will be awarded a ten-percent discount for tuition costs. The discount remains in affect while both students maintain full-time day division status.

Federal Community Service Work-Study Program

This program provides the opportunity for students to work off-campus at non-profit organizations, primarily to benefit the community.  Priority is given to placing students in positions that meet human, educational, environmental, and public safety needs of low-income individuals.

Satisfactory Academic Progress Standards (SAP)

All Financial Aid recipients must maintain SAP in order to receive assistance.  To be in good academic standing, full-time day undergraduate students must meet the following minimum requirements:

Good Standing  Credits Attempted		Undergraduate C.G.P.A	Graduate C.G.P.A.
Freshman	1-23	2.0	3.0
Sophomore	24-53	2.0	3.0
Junior	54-83	2.0	3.0
Senior	84-12	2.0	3.0

Full-time students making SAP may receive financial aid for
up to six years of full-time attendance, or until the student is certified for graduation by the institution, whichever comes first.