Graduate Degree Programs

Financial Aid for Modular Graduate Programs

The Financial Aid Office's mission is to serve the student body, provide financial means, promote financial knowledge, and facilitate access to higher education. We help students finance their education by using a variety of sources:

  • loans
  • federal work study programs

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

  • First-time freshmen: March 15
  • Returning and transfer students: April 15

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 = Aid Offer

Loans

Loans to support your education will be credited to your balance when we receive the funds from the lender.

Federal Perkins Loan

When you demonstrate high financial need, this program provides a nine-month grace period after graduation before repayment must begin. Interest is fixed at 5%. A Master Promissory Note must be completed when you start school.

Federal Direct Unsubsidized Stafford Loan

You may qualify for this non-need-based federal loan. Interest is currently fixed at 5.41% but may be subject to change. While in school and in any deferment periods, you are responsible for paying the interest. Dependent students may be eligible for additional unsubsidized funds with a Direct PLUS Loan denial.

Origination Fees

A 1.072% origination fee will be assessed on all Federal Direct Stafford Loan Disbursements whose first disbursement occurs on or after December 1, 2013.

Work Study

You 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. Each week, you may work an average of eight hours (but no more than 20 hours) each week during the academic year, or 35 hours per week during periods of non-enrollment, such as vacation breaks. Wages meet federal minimum-wage standards. The College pays work study students semi-monthly with a check made available in the Business Office.

Federal Community Service Work Study Program

You may earn funds by working off-campus at non-profit organizations that benefit the community by meeting the human, educational, environmental, and public safety needs of low-income individuals.

Satisfactory Academic Progress

All financial aid recipients must maintain Satisfactory Academic Progress (SAP) in order to receive assistance. To be in good academic standing, full-time undergraduate students must meet the following minimum requirements:

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, bachelorʼs 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

FAFSA School Code

When you complete the FAFSA, be sure to include the College's school code: 001374.

Office Hours

8:30 a.m. – 4:30 p.m. Monday
8:30 a.m. – 7 p.m. Tuesday-Thursday
8:30 a.m. – 4:30 p.m. Friday

Contact Us

Financial Aid Office
Aquinas Hall, Room 107
(800) 935-6621 toll-free
(203) 773-8508 local
(203) 773-8972 fax
financial_aid@albertus.edu

Calendar

August 1

All Missing Documents Due

Code of Conduct

We adhere to Connecticut's Financial Aid Code of Conduct.