Understanding Your Financial Aid Offer Letter

The Financial Aid Office works with you to ensure you and your family understand the Financial Aid Offer process and encourages you to reach out with questions or concerns at any time to ensure a pleasant and successful aid application at Albertus Magnus College.

Financial Aid Offer

Your Financial Aid Offer is based on demonstrated need, which is calculated as Cost of Attendance (COA) minus Student Aid Index (SAI):

COA-SAI=Demonstrated Need

Your SAI is calculated based on the information reported on your Free Application for Federal Student Aid (FAFSA). You will receive notification that your Estimated Financial Aid Offer can be viewed in Net Partner.

Revised Financial Aid Offers

All awards are subject to adjustment based on changes in enrollment, changes in housing status, changes in need, need analysis, failure to maintain Satisfactory Academic Progress (SAP), and conflicting information on the National Student Loan Data System (NSLDS). Revisions are made in a timely manner when the Financial Aid Office is notified of a change in your eligibility. You will receive a Revised Financial Aid Offer notifying you that there has been a change to your Financial Aid Offer detailing the cause of the revision. You will be able to view the revision in Net Partner.

Admissions-named Scholarships

These scholarships and awards are offered at the time of Admission to the College. Please contact your Admissions Counselor if you have any questions regarding these awards.

First-year Student Merit Awards

Merit Awards are awarded to students of exceptional academic promise:

Presidential Scholarship  $32,000

Mohun Scholarship  $30,000

Devaney Scholarship  $28,000

St. Thomas Aquinas Scholarship  $22,000

Promise Award  $18,000

Select Awards

Students may receive these awards in addition to the merit scholarships above:

St. Catherine of Siena Award  $4,000

Awarded to graduates of Catholic high schools, Catholic college preparatory schools, or Catholic colleges or universities.

Legacy Award  $1,000

Awarded to the children, step-children, and grandchildren of Albertus Magnus alumni.

The Catherine DeRicci Honors Program Award  $2,000

To be awarded to students who have been invited to join and agree to participate in the Albertus Magnus Honors Program.

Pillar Award- Phi Theta Kappa  $1,000

Awarded to accepted transfer students that provide documentation of Phi Theta Kappa membership.

Transfer Student Scholarships

A transfer student may be eligible for a transfer scholarship ranging from $9,500 to $24,000.

All merit scholarships are subject to change. Students must be enrolled full-time for consecutive terms and remain in good academic standing to be eligible to receive any annual scholarship.