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ALBERTUS MAGNUS COLLEGE
Financial Aid The Albertus Magnus College Financial Aid Office’s mission is to serve the student body, provide financial means, promote financial knowledge, and facilitate 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.
Merit Scholarships Albertus Magnus College annually awards merit scholarships to both first-time freshmen and transfer students. The Office of Admission selects all award recipients and requires a completed admission application be submitted no later than March 15th to be considered for a merit award. All eligible students must enroll at Albertus Magnus College full time and attend a regionally accredited high school or postsecondary institution. All scholarships are renewable, provided the student maintains the minimum cumulative grade point average (G.P.A.) required of the scholarship that has been offered; additionally, the student must maintain a full-time status in the Traditional Undergraduate Day Program, with a minimum of 12 credit hours per semester, to retain his or her merit award. Merit scholarships are awarded for up to eight consecutive semesters only. Students are eligible to receive only one merit award from Albertus Magnus College upon admission. Please note that high school grade point averages are subject to recalculation by the Office of Admission at the time of admission. Merit scholarships and institutional financial assistance are not available to international students at this time. Presidential Scholarship The Presidential Scholarship awards a 75% tuition reduction to entering freshmen with a minimum 3.5 cumulative G.P.A. and minimum combined SAT scores in Critical Reading and Math of 1100, with no component score lower than 450, or an ACT equivalent score of 24. This scholarship is renewable annually, provided the student maintains a 3.3 cumulative G.P.A. Mohun Scholarship Mother Stephanie Mohun, O.P., and the Dominican Sisters of Saint Mary of the Springs founded Albertus Magnus College in 1925. The Mohun Scholarship is awarded to students who graduate from a Catholic high school. Criteria for each Mohun Scholarship follows. • $15,000 tuition reduction to students with a minimum 3.3 cumulative G.P.A.; renewable with a 3.2 cumulative G.P.A. • $11,000 tuition reduction to students with a minimum 3.0 cumulative G.P.A.; renewable with a 3.0 cumulative G.P.A. • $7,500 tuition reduction to students with a minimum 2.7 cumulative G.P.A.; renewable with a 2.5 cumulative G.P.A.