Your financial aid eligibility is based on your demonstrated need, calculated using information submitted on your Free Application for Federal Student Aid (FAFSA):

Demonstrated Need = Cost of Attendance (COA) - Student Aid Index (SAI)

You can view, accept, or decline your financial aid offer through your online Net Partner portal. Financial aid offers are divided equally across terms (half for the Fall semester and half for the Spring semester).

Financial aid offers may be revised due to changes in:

• Enrollment status (e.g., dropping from full-time to part-time)
• Housing or meal plan changes
• Financial need adjustments based on updated information
• Failure to maintain Satisfactory Academic Progress (SAP)
• Conflicting information flagged on the National Student Loan Data System (NSLDS)

First-year merit scholarship award amounts:

• Presidential Scholarship: $33,000
• Mohun Scholarship: $31,000
• Devaney Scholarship: $29,000
• St. Thomas Aquinas Scholarship: $25,000
• Promise Award: $20,000
• Transfer Student Scholarships: $10,000 to $27,000

Note: Merit scholarships require full-time continuous enrollment and good academic standing.

• St. Catherine of Siena Award ($4,000): For graduates of Catholic high schools or transfers from Catholic colleges/universities.
• St. Dominic Award ($1,000 – $3,000): Awarded for participating in eligible extracurricular activities during the academic year ($1,000 per activity, up to 3), including Community Service (10+ hours), Choir/Music, Non-athletic Student Leadership, or E-Sports.
• Catherine DeRicci Honors Program Award ($2,000): For students invited to and enrolled in the Albertus Magnus Honors Program.
• Legacy Award ($1,000): For children, stepchildren, or grandchildren of Albertus Magnus College alumni.
• Pillar PTK Award ($1,000): For accepted transfer students who provide proof of Phi Theta Kappa (PTK) membership.

• Albertus Magnus College Grant & Award: Need-based and non-need-based funds awarded directly by the Financial Aid Office.
• Multiple Family Member Discount: A 10% tuition discount when two or more siblings attend simultaneously as full-time day students.
• Connecticut Roberta B. Willis Scholarship Program (RWSP):
  • Need-Merit Award: Requires high school rank in the top 20th percentile or SAT 1200 or more / ACT 25 or more. The high school deadline is February 15.
  • Need-Based Grant: For CT residents enrolled at least half-time in a degree program.
• Connecticut Minority Teacher Incentive Program (MTIP): Grants and loan payment stipends for minority undergraduates in teacher preparation programs (nomination form due October 15).
• Silver Horn Scholarship Fund: A one-time emergency scholarship for students experiencing unexpected financial hardship. Requires at least 54 earned credits (min. 25 at Albertus), good SAP standing, a valid FAFSA, and a formal letter of hardship with documentation.

• Federal Direct Stafford Loan (Undergraduate): Subsidized and unsubsidized federal loans featuring a 6.52% interest rate (for 2026–2027) and a 1.057% loan origination fee.
• Federal Direct Parent PLUS Loan: Credit-based unsubsidized loan for parents of dependent students, featuring a 9.07% interest rate (for 2026–2027) and a 4.228% origination fee. If a parent is denied, the student may qualify for additional unsubsidized Stafford loan funds.

Work-Study Waitlist: Federal Work-Study priority goes to returning students who previously held positions. Unassigned students must sign up for the Work-Study Waitlist via the myAlbertus portal (placement does not guarantee a job).

Identifying Account Refunds/Credits: When viewing your statement under "My Account/Web Services" on myAlbertus, a negative sign (-) in front of a balance indicates an account credit or pending refund.

Submit the Free Application for Federal Student Aid (FAFSA) and enter the Albertus Magnus College school code: 001374.

Priority deadlines for funding are four weeks prior to the start of your module. For the GOLD Scholarship, submit your FAFSA at least two weeks prior to the module start date.

Financial aid awards are determined using the standard federal formula:

Demonstrated Need = Cost of Attendance (COA) - Student Aid Index (SAI)

• Bartolomé de las Casas Scholarship: Up to $500 annually for spouses or children (including stepchildren/adopted children) of service members or veterans who are new, full-time undergraduate students. Requires submission of a DD214 or DD220 Member-4 page.
• Francisco de Vitoria Scholarship: Up to $500 annually for full-time honorably discharged veterans (proof via DD214 Member-4 page required).
• The Pillar Award: Up to $1,000/year ($500/semester) for full-time undergraduate members of Phi Theta Kappa admitted after Fall 2019.
• Federal Pell Grant & Iraq and Afghanistan Service Grant (IASG): Need-based federal grants awarded based on FAFSA results and Title IV eligibility.
• CT Roberta B. Willis Scholarship Program (RWSP): Need-based grants and need/merit scholarships available to qualifying Connecticut residents.
• Silver Horn Scholarship Fund: A one-time emergency grant to cover unexpected financial hardship. Applicants must have completed at least 54 credits (with a minimum of 25 completed at Albertus) and maintain Satisfactory Academic Progress (SAP).

Undergraduates can apply for:

• Federal Direct Stafford Loans (subsidized/unsubsidized)
• Federal Direct Parent PLUS Loans (for dependent students)

• GOLD Scholarship — 25% off tuition
  Eligibility: Albertus Magnus College undergraduate alumni pursuing a Master’s degree.
  Requirements: Enrolled in 6 credits/module or 9 credits/semester consecutively; maintain a 3.0 GPA.


• Graduate Excellence Scholarship — 25% off tuition
  Eligibility: Graduates from other institutions with a cumulative undergraduate GPA of 3.5 or more.
  Requirements: Enrolled in 6 credits/module or 9 credits/semester consecutively; maintain a 3.0 GPA.

Note: Neither of these graduate scholarships can be combined with other tuition-based discounts.

• Federal Direct Graduate PLUS Loan (GPLUS): Unsubsidized federal loan options for graduate students needing aid beyond Stafford limits.
• Federal Work-Study Program: On-campus part-time work available to eligible graduate students who maintain at least a 2.0 cumulative GPA.

The One Big Beautiful Bill Act (signed July 4, 2025) introduced sweeping changes to federal student loan programs effective July 1, 2026:

• Graduate PLUS Loans: Phasing out beginning July 1, 2026 for new borrowers. Continuously enrolled students who previously borrowed may retain eligibility for the lesser of 3 academic years or until expected time to credential.
• Graduate Lifetime Loan Limits: The annual limit remains $20,500, but a new lifetime borrowing limit of $100,000 applies to new graduate students ($138,500 for continuously enrolled existing borrowers).
• Parent PLUS Loans: Capped at $20,000/year per student with a $65,000 lifetime limit for new borrowers starting July 1, 2026. Existing borrowers retain current limits for up to 3 years or until program completion.
• Part-Time Loan Proration: Federal loan eligibility is now automatically reduced in direct proportion to registered credits for students enrolled less than full-time.

Disclaimer: This information reflects good-faith understanding as official U.S. Department of Education guidance is finalized. For official updates, visit studentaid.gov.

Yes. Students must submit a new FAFSA annually to continue receiving aid.

Returning Student Deadline: The priority renewal deadline for returning students is April 15 to receive maximum aid consideration. Late renewal risks losing aid and becoming responsible for full tuition out-of-pocket.

FAFSA Release Date: The FAFSA opens annually on October 1.

Location: Aquinas Hall, Suite G1
Phone: (800) 935-6621 | (203) 773-8508
Email: financial_aid@albertus.edu