Accelerated Undergraduate Tuition FAQs
The College offers different methods of payment for bills. An automatic payment plan that includes online enrollment and flexible payment options is available. Bills may also be paid through the Bursar's Office of the College. Checks and money orders should be made payable to Albertus Magnus College.
The College accepts cash, checks, money orders and most major credit credits. MasterCard, Discover, Visa and American Express are accepted in the Bursar's Office, on-line,and by phone for no fee.
Yes. On the myAlbertus portal, students can find when accessing "My Account/Web Services" a link titled "Make a payment" under the header "User Account." Once there, students can select the academic term they wish to pay.
Yes. The College offers a monthly payment plan through Transact, allowing you to make convenient, interest-free monthly payments. The plan is accessible through the Transact Student Account Portal, available via the myAlbertus portal under the “MyAccount/SelfService” tile.
Billing is semester based.
- *Fall - Mods 1 & 2
- *Spring - Mods 3 & 4
Billing will be on or around June 1st for the Fall Semester and November 1 for the Spring Semester. Registrations after that date will be billed as the registration occurs.
August 1st for Mods 1&2, January 1st for Mods 3&4.
Satisfactory financial arrangements must be in place on or before the due date. This includes either paying the balance in full or enrolling in a monthly payment plan through Transact, which can be accessed via the myAlbertus portal under the “MyAccount/SelfService” tile. The balance after estimated financial aid must be fully covered through one of these options.
Students who do not meet their financial obligations may be subject to the College’s late fee policy and may not be permitted to attend classes, reside in campus housing, participate in athletics, or use campus facilities. In addition, students with unpaid balances will not be able to register for future terms or receive official transcripts or a diploma.
For students who have a credit balance on their accounts due to overpayment or financial aid, refunds will be processed through Transact, the same secure portal where you make tuition and fee payments. Transact is your one-stop shop for viewing account activity, managing payments, and receiving refunds.
If the credit is the result of a Parent PLUS Loan only, the refund will be issued directly to the parent borrower. However, if the Parent PLUS Loan is disbursed on the same day as other financial aid, the refund will go to the student.
Students receiving financial assistance are subject to federal regulations and financial aid policies that govern how refunds are handled. These regulations may require a portion of the credit to be returned to the financial aid programs.
All refunds will be disbursed through Transact based on the refund method selected by each student, within the timeframe established by the U.S. Department of Education.
A student will not receive a diploma unless the Bursar’s Office certifies that all financial obligations to the College have been satisfied. However, students may request and receive an official transcript of their academic record regardless of account balance. Any student who is in default on a National Direct Student Loan taken at Albertus Magnus College will only be issued an unofficial (without the College seal) transcript.
The Internal Revenue Service (“IRS”) requires Form 1098-T to be mailed by January 31 to all students who had qualified tuition and other related educational expenses paid during the previous calendar year. The information reported on Form 1098-T is intended to help students evaluate their eligibility for education tax credits as part of their Federal Income Tax Return. It is up to the student to determine eligibility for the credits and how to calculate them. More information can be found in IRS Publication No. 970, Tax Benefits for Education. The College utilizes Box 1 to report qualified tuition and related expenses that were paid during the tax year.
A degree completion fee of $150 is assessed to all students completing their degree requirements. This fee covers the expense of awarding degrees, recording transactions, and graduation activities. This fee must be paid regardless of participation in the graduation ceremonies or actual receipt of the diploma.
The College will provide a bookstore voucher to eligible students who have a projected financial aid credit on their account. To be eligible, students must have all required financial aid documentation completed and accepted at least ten days prior to the start of the MOD or semester.
Bookstore vouchers will be issued by the Bursar’s Office beginning one week before classes start and through the first two weeks of the MOD or semester. Students may request an amount up to their projected credit balance, not to exceed $450.
After the second week of class, bookstore vouchers will no longer be available. At that point, students must wait for any remaining excess funds to be disbursed through Transact, the College’s secure payment and refund portal.
All bookstore vouchers are non transferable and non refundable.