Financial Aid for Returning Students
Financial aid is available for students who are returning to Albright College for their sophomore, junior or senior years.
Applying for Financial Aid
Students who are returning to Albright and wish to receive financial aid must submit a Free Application for Federal Student Aid (FAFSA) annually. This is a requirement for all sources of aid, including state, federal and institutional funds. The FAFSA application is available after October 1st each year. The FAFSA can be found at https://www.studentaid.gov. When applying, you will need both your FSA ID and your parents’ FSA ID. The Albright College Federal school code for your FAFSA is 003229.
The filing deadline for completing the FAFSA is April 1st. Form completion by this deadline allows you to stay in-step with the financial aid processes. If the form is not completed by April 1st, you risk losing state, federal, and/or institutional aid.
Federal Verification of FAFSA Information
Upon completion of the FAFSA, your file may be selected for Federal Verification by the Department of Education. Albright College is mandated by federal regulations to request additional documentation from you before processing your financial aid. If your file is selected, the Financial Aid Office must receive the requested documentation BEFORE financial aid awarding is done. Failure to complete the submission of the requested documentation will result in the loss of all federal aid programs up to and including the Federal Pell Grant, Federal Direct Student and Direct PLUS Loans, Federal SEOG, and Federal Work Study. The Financial Aid Office will begin requesting the required documentation beginning in February of any given year and continue on a bi-weekly basis via hard copy, email and phone until the process is complete.
Federal verification can change the value of federal awards as well as need-based College grant aid. If verification changes any component of your financial aid award, you will receive notification via an award letter sent through your Albright College student email account. Opting out of completing the verification process is a choice, however, is not optional if you want to be eligible for federal and institutional funds. Failure to submit verification documentation before the start of the semester will result in no aid and you will be responsible for the payment of the full semester charges in order to begin school.
Awarding Process and Declining Aid
Upper-class awarding for the full academic year begins the beginning of June of any given year. Financial aid award letters will be sent to your Albright College student email account. If your file is selected for federal verification, no aid will be processed until verification is complete.
Students have the right to decline any awarded financial aid per academic year. If a student wishes to decline any financial aid, they must email us at email@example.com. We will make the requested adjustments and send a revised award letter to the Albright College student email account.
Satisfactory Academic Progress Policy for Title IV Federal Student Assistance (SAP)
Federal regulations (General Provision CRF 668.1) require that Albright College review the academic progress of a student before awarding Federal financial aid to assure the student has met and continues to meet the basic academic progress standards set forth by the College.
The Federal government requires a student receiving Federal aid to complete their degree within 150% of the published length of the academic program. Albright College also expects a full-time student to complete degree requirements within a maximum of 10 semesters and summer school (five years). The traditional academic
programs at Albright College are four years in length. The requirement for a bachelor’s degree is 31 units. To graduate within the traditional four years, a student must enroll for a minimum of 4 units per semester. Enrolling in 3 units per semester (minimum for a full-time status) extends graduation one full academic year. NOTE: Most aid programs only offer aid assistance for a total of 8 semesters. Therefore, extending past 8 semesters will make financing of the fifth year difficult.
All students enrolled at Albright College are subject to the academic standards of the college. As a participant in the federal financial aid programs (Title IV), students are also required to make satisfactory academic progress toward their degree using both qualitative and quantitative measures as defined below:
Qualitatively, your progress is defined as academic good standing at the College, or grade attainment of a cumulative GPA of 1.7 after your first year of attempted units, and a cumulative GPA of a 2.0 thereafter. Graduate students must maintain a minimum GPA of 3.0.
Quantitatively, you are required to complete 67% progress toward your graduation requirements. The measurement is the relationship between the cumulative units you have attempted to complete and those units you actually completed.
An aid recipient must display progress in both the qualitative and quantitative measures. If either test fails, the student is not making acceptable academic progress for the receipt of financial aid. Students are evaluated for progress at the end of the spring semester after final grades are submitted to Registrar. Students will be notified in June of any given year if they have not met the SAP guidelines for financial aid.
Students not making progress may appeal the results. A financial aid appeal form can be found on the financial aid website. Student must submit their appeal to the Financial Aid Office no later than July 15th for the fall semester and January 5th for the spring semester. If approved, the student will be placed on financial aid probation for a period of one academic year and will be required to establish an approved academic plan designed in coordination with the Albright Academic Learning Center.
Appealing Financial Aid Awards
You have the right to appeal your financial aid award based on circumstances beyond control of your family. Some examples of valid appeal grounds for federal financial aid reconsideration include significant out-of-pocket medical and dental expenses, catastrophic financial losses associated with a designated natural disaster, death of a parent, change in marital status, and loss of employment. A Special Circumstance Form can be downloaded here: 2020-2021 Special Circumstance