Admissions & Financial Aid

Financial Aid for New Dimensions Graduate Programs

The Albertus Magnus College Financial Aid Office’s mission is to serve the student body, provide financial means, promote financial knowledge, and facilitate affordable access to higher education. The Financial Aid Office assists students in financing their education by using a variety of sources including: scholarships, grants, loans, and work-study programs.

Complete the FAFSA

Start the process by completing the Free Application for Federal Student Aid (FAFSA). Referring to a FAFSA Tutorial may answer any questions that arise while you complete the form.

Be sure to use the College's school code: 001374

Deadlines for Priority in Awarding Funds

  • Two weeks prior to start of term

Applications received after these dates will be processed based on availability of funds.

Financial aid offers are based on demonstrated need, which is calculated as Cost of Attendance (COA) minus Expected Family Contribution (EFC):

COA - EFC = Demonstrated Need

Loans

Loans to support your education will be credited to your balance when we receive the funds from the lender.

Federal Direct Subsidized Stafford Loan

With demonstrated need, you may apply for this federal loan and borrow up to $3,500 as a freshman, $4,500 as a sophomore and $5,500 as a junior or senior. A six-month grace period is provided after graduation or if you fall below half-time enrollment before repayment must begin. Interest is currently fixed at 3.86% but may be subject to change. While you remain in school, the government pays interest on all subsidized loans.

Federal Direct Unsubsidized Stafford Loan

You may qualify for this non-need-based federal loan. Interest is currently fixed at 6.21% but may be subject to change. While in school and in any deferment periods, you are responsible for paying the interest. Interest rates are typically reset in July.

Origination Fees

A 1.073% origination fee will be assessed on all Federal Direct Stafford Loan Disbursements whose first disbursement occurs on or after December 1, 2013.

Work-Study

Federal Work-Study Program

Students may also qualify to participate in the Federal Work-Study Program, which employs students on-campus. A 2.0 Cumulative Grade Point Average must be maintained to participate in the Federal Work-Study Program. Wages meet federal minimum-wage standards.

Federal Community Service Work-Study Program

Students may also qualify to participate in the Federal Community Service Work-Study Program, which employs students off-campus. A 2.0 Cumulative Grade Point Average must be maintained to participate in the Federal Work-Study Program. Wages meet federal minimum-wage standards.

Satisfactory Academic Progress

All financial aid recipients must maintain Satisfactory Academic Progress (SAP) in order to receive assistance. To be in good academic standing, graduate students must maintain a minimum 3.0 cumulative average at the end of each academic year. Graduate students have seven years from the date of first enrollment to complete all required coursework, regardless of enrollment level.

FAFSA School Code

When you complete the FAFSA, be sure to include the College's school code: 001374.

Hours of Operation:

8:30 a.m. – 4:30 p.m. Monday
8:30 a.m. – 7:00 p.m. Tuesday-Thursday
8:30 a.m. – 4:30 p.m. Friday

Contact Us

Financial Aid Office
Aquinas Hall, Room 107
(800) 935-6621 toll-free
(203) 773-8508 local
(203) 773-8972 fax
financial_aid@albertus.edu

Calendar

December 15, 2014

Priority Deadline for December Graduate Exit Loan Counseling

December 16, 2014

Priority Deadline for Spring Alternative/PLUS Loans

January 5, 2015

Deadline for all Missing Financial Aid Documents for the Spring Semester

Code of Conduct

We adhere to Connecticut's Financial Aid Code of Conduct.