Receiving Your Aid

An Albion College men's soccer student-athlete.Determining your eligibility for financial aid is an important first step. Here, you’ll find additional information on securing your financial aid offer—and keeping it.

Requirements to Receive Aid

Students must meet requirements to receive federal and state financial aid. These include:

  • Being a U.S. citizen or eligible non-citizen
  • Being enrolled in a degree or certificate program
  • Being enrolled at least half-time
  • Being registered with Selective Service, if a male
  • Having a high school diploma, or equivalent
  • Meeting the financial need requirements

Students must also meet satisfactory academic progress standards.

Obtaining Your Aid

After completing your FAFSA, you'll receive notification from the Office of Student Financial Services regarding the funds you are eligible for, along with specific instructions on how to obtain those funds. This information is always available in your ACIS account.

Getting Your Bill

In early July the College begins sending notification of your bill. This notification is sent as an email to you. If you'd like to have your parents get a copy, you'll need to set them up as authorized users. You can do that at SOAR or by logging into ACIS and visiting the eBill section.

Understanding Your Bill

The charges reflected are only for the fall semester. Your financial aid offer and your financing plan are for the whole year, so the numbers will be different. Your bill will include your tuition, fees, housing,and meal charges.

Financial Aid on Your Bill

Some of your financial aid will be reflected on your bill.

Some won't—here's why:

  • Federal funds cannot be credited to your student account until ten days before the start of the semester. That includes Pell and Supplemental Grants as well as Direct Loans.

  • Michigan Tuition Grant funds will be applied when the State confirms your eligibility.

  • Work-Study/Albion Work funds must be earned.  You will be paid by a paycheck for the hours you work.  You may use those funds for incidential expenses or make a payment on your student account.
  • If you haven't completed all the requirements, we can't put funds on your account.

What Does 'Authorized Financial Aid' Mean?

These funds are all set and ready to pay. We are waiting until ten days before the beginning of the semester to put the funds on your student account (it's a federal rule, we can't put it on until then). These funds are already subtracted from the amount due on your bill.

What Are 'Memo Items'?

These are funds that are in process, meaning you are eligible for them, but you haven't completed all the requirements.