Current Students
Welcome, Panthers! Below, you will find helpful information about the financial aid process. Please feel free to contact our team with any questions.
Apply for aid
All applicants seeking federal financial aid must file the Free Application for Federal Student Aid each year. The FAFSA/Renewal FAFSA becomes available October 1, with a deadline of March 1st.
- Complete your FAFSA
- Federal School Code - 002885
Fafsa Verification process
Your FAFSA may be selected for review in a process called verification. The College may ask you to confirm the information reported on your FAFSA. If a student is selected for verification, s/he will be notified by the Office of Financial Aid and be required to fill out the designated forms on the ACPHS Online Financial Aid System. If you have questions about verification, please contact the Office of Financial Aid as soon as possible so that your financial aid is not delayed.
institutional aid
The Office of Financial Aid will evaluate eligibility annually, based upon issuance of final grades for the spring term. All awards are subject to adjustment due to changes in enrollment status, or receipt of other federal, state or private funds. In addition, awards will be adjusted as part of required corrections or verification of data reported on the student’s FAFSA.
Awards will be renewed on a first-come, first-served basis until funds are expended. Awards may not be renewed to students who do not adhere to the FAFSA filing deadline of March 1. Awards will not be renewed to students with incomplete financial aid paperwork after May 1.
For a detailed breakdown of institutional, federal, and state aid, visit the Scholarships, Grants & Loans webpage.
considerations for additional aid
目前寻求额外援助的学生可以通过在线经济援助系统填写经济援助等待名单申请表. This application became available on August 1, 2022.
Financial Aid Eligibility & Award Inquiries
Office of Financial Aid
O'Brien Building
106 New Scotland Ave.
Albany, NY 12208
(518) 694-7256
financial_aid@thinkutils.com
Billing & Payment Inquiries
Office of Student Accounts
Library Building
106 New Scotland Ave., LIB 309
Albany, NY 12208
(518) 694-7205
student-accounts@thinkutils.com
All students are expected to apply for federal and state grant programs for which they may be eligible. Students are also expected to use the Federal Direct Stafford Loan Program when necessary. 学生需要每年提交联邦学生援助免费申请(FAFSA)或更新FAFSA,以确定经济援助资格.
Students must have unmet need in order to qualify for need-based aid. 学院将通过从学生的就读费用中扣除联邦预期家庭捐款来确定学生未满足的经济需求. Need-based awards are limited and offered on a first-come, first served basis to students who meet the College's financial aid deadlines.
ACPHS’s Federal Title IV Code is 002885
The filing deadline for the FAFSA is February 1 for new students and March 1 for returning students. Students are encouraged to submit the FAFSA or Renewal FAFSA electronically. Students without Internet access may mail the paper FAFSA form to the federal processor. The federal processor will conduct an analysis of family income, assets, number in household and number of family members attending college using the federal methodology formula.
The federal methodology formula is approved by the U.S. Congress each year to determine the expected family contribution. Students selected for verification or correction must submit copies of student, 配偶和父母在5月1日前签署国税局税务记录和W-2表格以及联邦验证工作表,并将其提交给财政援助办公室. 随后在5月1日之后被选中进行验证的学生必须在财政援助办公室书面通知后60天内提交这些文件. The Office of Financial Aid cannot process financial-aid awards for students who do not meet the above deadlines.
经济援助办公室将根据以下公式确定学生的经济需求:就读成本减去预期家庭贡献等于经济需求. In addition to filing the required forms and demonstrating financial need, the student must continue to maintain satisfactory academic progress to remain eligible for federal, state and institutional financial-aid awards.
确定经济援助资格和学生贷款延期的学生入学状态仅包括学位履行所需的课程. 你注册的学位课程不需要的课程不符合付款或学生贷款延期的条件.
联邦法规要求财政援助办公室监督参加全球十大赌博靠谱的平台的学生的学业进展. It is important to note Standards of Academic Progress (SAP) are separate from, and in addition to, 学术地位政策和发展要求在目录的学术规定部分建立. All students regardless of major, 年级水平和课程负担将按照联邦和机构援助资格的相同标准进行评估.
Frequency of SAP Evaluations
The Office of Financial Aid will review SAP annually in June, after spring semester grades are posted. 对于没有获得第四章援助的学生,这个标准比学院的学术地位政策更严格.
Qualitative Standard
All students must be in good academic standing with the College. 就读理学学士学位或药学博士学位的学生必须保持最低累积平均绩点(GPA)为2.0 at the end of each academic year. Beginning in the 2011-2012 academic year, all Doctor of Pharmacy students must have a minimum cumulative GPA of 2.5 to graduate. Students enrolled in a Master's degree program must maintain a minimum cumulative GPA of 3.0 at the end of each academic year.
Quantitative Standard (Pace of Progression)
All students must progress toward degree completion at a defined cumulative rate. Completed coursework is defined as any course for which a student receives a passing grade.
Doctor of Pharmacy Example
|
Fall Semester |
Spring Semester |
Total Attempted |
Must earn at least |
1st Year |
17 |
18 |
35 |
35 hours x 50% = 18 credit hours |
2nd Year |
18 |
17 |
70 |
70 hours x 67% = 47 credit hours |
3rd Year |
16 |
18 |
104 |
104 hours x 67% = 70 credit hours |
4th Year |
18 |
17 |
139 |
139 hours x 67% = 93 credit hours |
5th Year |
18 |
18 |
175 |
175 hours x 85% = 149 credit hours |
6th Year |
18 |
18 |
211 |
211 hours x 95% = 200 credit hours |
Master's Degree Example
|
Fall Semester |
Spring Semester |
Total Attempted |
Must earn at least: |
1st Year |
9 |
9 |
18 |
18 hours x 67% = 12 credit hours |
2nd Year |
9 |
9 |
36 |
36 hours x 67% = 24 credit hours |
Bachelor's Degree Example
|
Fall Semester |
Spring Semester |
Total Attempted |
Must earn at least : |
1st Year |
16 |
17 |
33 |
33 hours x 67% = 22 credit hours |
2nd Year |
16 |
17 |
66 |
66 hours x 67% = 44 credit hours |
3rd Year |
15 |
19 |
100 |
100 hours x 67% = 67 credit hours |
4th Year |
16 |
16 |
132 |
132 hours x 67% = 88 credit hours |
Process for Pass/Fail Courses, Incompletes, Withdrawals, Repetitions, and Transfer of Credit
- Courses with grades of P in a Pass/Fail courses will be counted in the quantitative standard only.
- Course incompletes and withdrawals are counted in the quantitative standard only.
- Repeated courses will be counted in the quantitative standard only.
- Transfer credits will be counted in the quantitative standard only.
- Students who change their major will be placed on the chart for the semester in which they are entering.
Loss of Financial Aid Eligibility
If students fail to maintain SAP, 他们将失去资格,直到他们将累积GPA提高到最低标准和/或弥补学分不足.
Appeals
Students who fail to make SAP due to very serious circumstances, such as injury, illness, the death of a relative or other special circumstances, 对他们成功完成课程的能力造成重大影响的项目是否会向财政援助主任提出申请. 学生应向财政援助主任提交一封信,并附上证明禁止学生制作SAP的不寻常或特殊情况的文件. 这必须包括对情况的全面描述和至少两名可以验证信息的合格人员的文件.
In addition, 学生必须解释他们的情况发生了什么变化,这将使学生在下一次评估中满足SAP的要求. In cases of student injury, student illness or death of an immediate family member, 经济援助署署长在向经济援助上诉委员会提出上诉前,可决定覆核上诉. The student must submit a letter of appeal and associated documentation to his/her case by June 29. Within 2-4 weeks after the due date, the Financial Aid Appeals Committee will review the appeal, make a recommendation and send a letter of response.
Financial Aid Probation
如果学生未能通过SAP,并且成功地就其失去的经济援助资格提出上诉,则会被分配到试用期状态. Students in this status will have their financial aid reinstated for one payment period. At the end of that payment period students will be reevaluated for federal and institutional aid eligibility.
Academic Plan
If the Financial Aid Appeals Committee determines, based on the student's appeal, that it will take more than one payment period for the student to meet progress standards, a status of probation will be assigned and an academic plan will be developed. 处于这种状态的学生将在一个付款期结束时对其进度进行审查,以确定学生是否符合学术计划的要求. If the academic plan is being followed, the student will regain eligibility for Federal Student Aid, as long as they continue to meet the requirements set forth in the academic plan. 学生可以通过解释发生了什么、做出必要的改变以及他们将如何继续满足SAP的要求来呼吁改变他们的学术计划.
Reestablishing Aid Eligibility
If students fail to maintain SAP, 他们可以通过将累积GPA提高到最低标准和/或在没有联邦或机构援助的情况下弥补学分不足来重新获得资格.
Maximum Time Frame for Degree Completion
学生必须在学术课程公布长度的150%的最长时间内完成学位. 参加药学博士课程的学生必须在9年内完成他们的教育目标(6年× 150%)。. 参加任何学士学位课程的学生必须在6年内完成他/她的教育目标(4年× 150%)。. 注册硕士学位课程的学生必须在课程长度的150%内完成他/她的教育目标.
For federal student loan borrowers, federal regulations require that you complete an exit interview when you graduate, withdraw, or take a leave of absence from the College. We strongly encourage you to complete your exit interview online.
- Complete Your Stafford Loan Exit Interview
- Complete Your Health Professional and/or Perkins Loan Exit Interview
- Complete Your Graduate PLUS Exit Interview
The following information will help you manage your student loans and the different aspects of managing your debt. For more information, please visit http://studentaid.ed.gov/sa/.
Debt Management - Strategies
- Develop a budget on paper to include items like rent, car payments, utility bills, food, clothing, insurance, entertainment, and any other outstanding debt you may have.
- Know your student loan rights and responsibilities as a student loan borrower.
- Pay any interest that accrues on your loans during your deferment or grace period.
- Understand your debt obligations and limit use of other debt vehicles such as; credit cards, lines of credit, or additional loans.
Repaying Your Loan
As a student borrower you will not be obligated to pay on a student loan until after your grace period is over. Most grace periods will be six months, with the exception of the Perkins loan, which has a grace period of nine months and the Health Professional Student loan, which has a grace period of one year. You have the option as a borrower to pick from one of the following four repayment plans:
- Standard Repayment Plan – Fixed monthly payments and a loan repayment period of 10 years from the date of separation from the school.
- Extended Repayment Plan – Fixed or graduated monthly payments and a loan repayment of up to 25 years.
- Graduated Repayment Plan – Monthly payments will be lower when you begin payment and then will increase gradually in two year increments. The loan has a 10 to 30 year repayment period. The minimum monthly payment will vary to cover the accumulated interest.
- Income Contingent Repayment Plan – Monthly payment amount will be based on your annual income, family size, and total amount of loans. As your income level changes, so will the monthly payment. If your loans are not fully repaid within 25 years, the remaining balance will be forgiven, but you will pay tax on that forgiven amount.
- Income-Based Repayment Plan – Monthly payment amount will be 10-15% of discretionary income. As your income level and family size changes, so will the monthly payment. If your loans are not fully repaid within 20-25 years, the remaining balance will be forgiven, but you will pay tax on that forgiven amount.
Payment of Interest & Capitalization
As a student who has borrowed money to pay for school, 根据你的收入水平,你可以从所得税中扣除部分或全部应计利息.
Contact a tax advisor and/or visit IRS Tax Benefits for Education at www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center and IRS Information for Students at www.irs.gov/Individuals/Students for detailed information on tax credits, deductions, or other tax benefits for postsecondary school.
Please remember that the Subsidized Stafford interest is paid for you while you are in school, where the Stafford Unsubsidized interest accrues. If you choose not to pay any interest while you are in deferment or your grace period, then capitalization will occur and your unpaid interest will be added to the principal of your loan.
Avoiding Delinquency & Default
If you foresee having trouble repaying your student loans, then contact your lender immediately to discuss your options, rights, and responsibilities. If you fail to make payment on your loans without contacting your lender, then you may be put in Default. If your loans are placed in default, the lender will contact you for the full amount of the loan with interest, the debt will show up as a collection on your credit report, wages could be garnished, eligibility for Federal Aid will be lost, and the rights that go along with the Federal Aid will also be lost. You can check if you are in a Default status or the amounts you have borrowed at www.nslds.ed.gov/nslds_SA/. To verify your status with the College you can log onto http://www.studentclearinghouse.org/.
- Deferment – Allows you to temporarily stop making payments on a student loan. Deferment is offered to enrolled students that are at least half time, unemployed, or facing economic hardship.
- Forbearance – If you can’t make your scheduled payments, but do not qualify for a deferment, a forbearance allows you to temporarily stop making payments on a student loan, make smaller payments, or extend the repayment period of the loan. Common reasons for getting a forbearance are illness or financial hardship.
Discharge & Cancellation/Forgiveness
Your loans may be discharged or forgiven in the result of the following examples:
- If you are a full time, low income elementary or secondary school teacher.
- Your school closed before you completed your program.
- 你的学校在主本票上伪造了你的签名,或者在你没有资格获得贷款的时候证明你有资格获得贷款.
- 你退学了,但学校没有按照书面政策或联邦法规给你退款.
- If you are totally and permanently disabled.
- A discharge in a bankruptcy.
- Death.
Loan Consolidation
There are many advantages in consolidating your student loans and they are as follows:
Advantages
- Paying one single monthly payment.
- Extending payment term.
- Lower monthly payment.
- Better interest rate.
Disadvantages
- Extending payment term.
- Paying more money back over the term of the loan.
- Variable interest rates that may become locked in.