The information below describes the rights and responsibilities of students receiving financial aid assistance and, specifically, federal student aid at Albertus Magnus College. More information on consumer information is provided on the Albertus Magnus College Public Disclosure page and the Financial Aid Policies page.
Student's Right to Know:
- Students have the right to know the criteria for continued student eligibility for each type of financial aid awarded.
- Students have the right to know the satisfactory academic progress standards that students must meet to receive financial aid, and the required criteria to re-establish eligibility if a student fails to meet satisfactory academic progress.
- Students have the right to know the method by which financial aid disbursements will be made to the students and the frequency of those disbursements.
- Students have the right to know the general terms and conditions are applicable to any Federal Work-Study employment provided to a student as part of the student’s financial aid package.
- Students have the right to know the terms of any loan received, see federal student loan repayment options with Loan Simulator, the necessity for paying loans, and the loan exit counseling information the school provides.
Student’s Responsibilities:
- Students agree to notify the Financial Aid Office of any changes to the information used to determine my Financial Aid Offer Letter.
- Students agree to respond to requests for information from the Financial Aid Office.
- Students agree to review the Financial Aid Award Guide on the Albertus Magnus College website and Net Partner award fund descriptions and acknowledge the enrollment requirements to receive certain types of financial aid.
- Students agree to notify the Office of the Registrar if at any time I stop attending classes and officially take a leave of absence or withdraw from the College. I also understand it is advised to speak with the Financial Aid Office to see if my withdrawal will impact my current aid award.
- Students agree to notify the Financial Aid Office if I am, or I become incarcerated while I am in attendance at Albertus Magnus College and receiving financial aid.
- Students agree to notify the Financial Aid Office, if I (or a parent who has borrowed from the Federal Parent PLUS loan program) am convicted of or pled guilty or no-contest to a crime involving fraud in obtaining federal student aid funds.
- Students agree to notify the Financial Aid Office if I (or a parent who has borrowed from the Federal Parent PLUS loan program) am subject to a lien for a debt owed to the United States.
- Students agree to use federal student aid funds received during the award year solely for educational expenses related to attendance during that year.
Semester Requirements for Federal, State and Financial Aid from the College:
- Undergraduate students must be enrolled in a minimum of 12 credits to be eligible to receive financial aid from the College and six credits to be eligible for federal and state financial aid.
- Students may only receive federal aid for coursework that is required for their degree.
Consent for Electronic Records and Communications:
- By accepting this Financial Aid Offer Letter, students consent to the use of an electronic record and electronic transactions related to my financial aid.
- Such transactions may take the form of electronic transmission and acceptance of these terms and Financial Aid Offer Letter via Net Partner, and myAlbertus Portal, via email to student's Albertus or personal email accounts as well as submission of electronic forms or other required financial aid information requested.
- If you do not consent, or later wish to withdraw your consent, you must contact the Financial Aid Office regarding non-electronic transactions.