Accelerated Degree Program Student Checklist: Applying for Financial Aid 2014 / 2015
June 1, 2014 - Priority FAFSA Deadline
August 1, 2014 - All Remaining Missing Documents Due
September 22, 2014 - All Remaining Missing Documents Due for Module 2 Start
Free Application for Federal Student Aid (FAFSA) to be completed at www.fafsa.ed.gov, using the Albertus Magnus College School Code: 001374. Please note that the FAFSA is a free application.
Authorization to Manage Funds Form to be signed and returned to the Albertus Magnus College Financial Aid Office. This form documents how the student would like their federal financial aid funds managed.
Modular Aid Application to be signed and returned to the Albertus Magnus College Financial Aid Office. This form documents how many credits the student is planning on taking per Module.
Federal Direct Stafford Loan Master Promissory Note (MPN) to be completed at www.studentloans.gov. This procedure must be completed within 30 minutes; otherwise,confirmation will not be sent to the College, even though it will provide confirmation to the student. There is no save option.
Entrance Loan Counseling to be completed at www.studentloans.gov. This procedure must be completed within 30 minutes; otherwise, confirmation will not be sent to the College, even though it will provide confirmation to the student. There is no save option.
Any additional documents requested by the Financial Aid Office.
14 / 15 Loan Interest Rates Changes
14/15 Interest Rates are effecive for loans first disbursed on or after July 1, 2014 and prior to July 1, 2015. These rates will apply to all new Direct Loans made during this time.
Direct Subsidized Loan (Undergraduates) - 4.66%
Direct Unsubsidized Loan (Undergraduates) - 4.66%
Direct Unsubsidized Loan (Graduate or Professional Students) - 6.21%
Direct PLUS Loan (Parents and Graduate or Professional Students) - 7.21%
Perkins Loans (Undergraduate, Graduate, and Professional Students) - 5%
Sign Up for SALT!
Ever wished you had a money coach to help you make better decisions about spending, saving, and borrowing money? Whether you're trying to keep enough dollars in your pocket to enjoy the occasional recreation, or wondering how to manage your student loan debt, chances are money is on your mind-a lot. Now, you have a free resource to help thanks to Albertus Magnus College and a new educational program: SALT.
What Is SALT?
SALT was created by American Student Assistance® (ASA), a nonprofit organization, to help Albertus Magnus College students like you become more financially savvy. This program rewards you for making smart money decisions, and we're providing all of its services to you-including your membership as a gift-free of charge.
Activating your SALT membership allows you to take advantage of member-only features like:
- Interactive money management tools that show you how to take control of your finances.
- Loan advice from SALT's expert counselors.
- My Money 101 — a self-paced, online training resource that teaches you practical money management strategies for budgeting, credit management, and more.
- Access to thousands of jobs and internships to jumpstart your career.
Be on the lookout for more information from SALT, and if you haven't activated your SALT membership, visit www.saltmoney.org to join today!
Albertus Magnus College is offering SALT, a new membership program for our students and alums. SALT will help you take charge of your finances, track student loans, and look for scholarships, jobs and internships. Plus, it's free to our students and alums. Visit www.saltmoney.org to sign up.
Know What's Available
The Albertus Magnus College Financial Aid Office administers a combination of grants, loans, employment opportunities, and financing options. Students are considered for both federal and state need-based grant eligibility, which is determined by the student's financial circumstances. A wide range of loans and financing options are available, with programs to borrow long-term loans with low interest rates and flexible repayment plans.