Admissions & Financial Aid

Frequently Asked Questions

General

  1. What are the current tuition rates and fees?
    2014 / 2015 Tuition and Fees
  2. What is the College's refund policy?
    Refund Policy
  3. Can I view my Student Account online?
    Yes via Web Services
  4. What are my payment options?
    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 Business Office of the College. Checks and money orders should be made payable to Albertus Magnus College.
  5. What form of payment does AMC accept?
    The College accepts cash, checks, money orders and most major credit credits. MasterCard, Discover and American Express are accepted on-line for a nominal fee, and MasterCard, VISA and Discover are accepted in the Business Office or by phone.
  6. Can I pay my Student Account online?
    Yes. The College accepts MasterCard, Discover and American Express on-line for a nominal fee
  7. Is a payment plan available?
    Yes. The College offers a monthly payment plan that allows you to make convenient interest-free monthly payments through Nelnet Business Solutions, an independent agency for your education expenses not covered by financial aid.
  8. When will I be billed?
    On or around June 1st for the Fall Semester and November 1st for the Spring Semester
  9. When is payment due?
    July 15th for the Fall Semester and December 15th for the Spring Semester
  10. Does the invoice need to be paid in full by the due date?
    Satisfactory financial arrangements need to be in place by the due date. This may include enrolling in the Nelnet Business Solutions monthly payment plan. The balance after estimated Financial Aid must be paid in full. A student who fails to meet his/her financial obligations may not attend classes, live in residence halls, participate in athletic programs, or utilize campus facilities.
  11. My bill has a charge for student health insurance. What is this?
    All full-time students are required by Connecticut state law to carry health insurance. You may enroll in or waive off of the College-sponsored accident and sickness policy. You must waive the student health insurance annually directly with Gallagher Koster by the deadline or you will be billed for the insurance automatically. In order to waive, you must provide proof of adequate insurance from another carrier. Information on the plan and instructions on how to waive can be found on the Gallagher Koster website
  12. Why do I have to waive out of the student health insurance plan?
    All full-time students are required by Connecticut state law to carry health insurance, therefore, you must show proof of adequate coverage to Gallagher Koster in order to waive the College-sponsored policy and reverse the charge on your bill.
  13. How do I waive out of the student health insurance plan?
    You must waive the student health insurance annually with Gallagher Koster.
  14. What is the deadline to waive out of the student health insurance plan?
    The annual deadline for the Fall Semester is September 12, 2012.
  15. How can I request a refund?
    For students that have a credit balance on their accounts, due to overpayment or financial aid, they can request to have that balance released to them in the form of a refund check. Credits that are a result of a Parent PLUS loan will be refunded directly to the parent who is the borrower on the loan. Students receiving financial assistance are subject to federal regulations and financial aid policy governing refunds, which determine what portion, if any, must be returned to the assistance programs. All refund checks are mailed to the home address on record with the College, within the timeline promulgated by the U.S. Department of Education.
  16. Can I register or get my transcript/diploma if I have a hold on my account?
    No. A student will not receive grade reports, be provided a transcript of one's record, or receive a degree unless the Treasurer certifies that all financial obligations to the College have been satisfied. 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.
  17. What is Form 1098T?
    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 billed to them 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 2 to report qualified tuition and related expenses that were billed during the tax year (as opposed to Box 1, which reports amounts paid).
  18. Why do I have to pay an initial deposit?
    A deposit fee is required of students who have decided to attend Albertus Magnus College. The fee is $400 for students who plan to reside on campus and $350 for students who will be commuting. These fees will be credited toward the first semester. The deposit fee is non-refundable after May 1 for both resident and commuter students.
  19. What is a dormitory deposit?
    All new resident students must pay a dormitory maintenance deposit for $350 upon initial notification of room assignment. This deposit is refunded upon graduation or upon withdrawal from the residence hall. The room must be inspected for dorm damage and all financial obligations must be met before the refund is issued.
  20. Why do I have to pay an Annual Registration Fee?
    All returning students are required to pay a non-refundable deposit which is due at the time of registration for the fall semester and is used by the College to help plan faculty staffing and courses for the next academic year. This fee is applied to tuition charges in the fall.
  21. What is a degree completion fee?
    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 once a student has completed 84 credits, regardless of participation in the graduation ceremonies or actual receipt of the diploma.
  22. Where do I pay the graduation fee?
    The $150 degree completion fee is due and payable once billed by the Business Office. Checks can be made payable to Albertus Magnus College.
  23. Can I take courses in the Accelerated Degree Program during the school year (fall and spring semesters)?
    Yes. Full-time day students of Albertus Magnus College holding junior or senior standing may enroll in the Albertus Magnus College Accelerated Degree Program courses, but the advisor and Vice President for Academic Affairs or the Academic Dean must approve them first. For billing purposes, these courses will be considered part of the student's overall load and will be billed at the full-time day program rates (including overload rates for more than 17.99 credits in any one semester).
  24. Can I take summer classes (MOD5) in the Accelerated Degree Program?
    Yes. During Summer MOD 5, a day student is allowed to take no more than a grand total of six credits at the Accelerated Degree Program tuition rate. Beyond six credits in the same Summer Mod or subsequent Summer Mods, the student will be required to pay the day program tuition rate.