Financing Plan for Entering Students
We understand that putting all the pieces together to finance a college education can be confusing, so we've developed a personalized Plan to help navigate all the options to help pay your student account bill. You will receive your Plan with your financial aid award.
These are the items that will appear on your student account with the College. You'll need to pay these costs or have a payment plan in place before the start of the academic year.
Scholarships and Grants
Grants and scholarships do not have to be repaid. Your Albion Merit Scholarship is renewed for four years (two for transfer students), as long as you are making academic progress. You will need to agree to the Terms and Conditions in ACIS before your scholarship is credited to your account. Other grants and scholarships are usually based on financial need and a FAFSA needs to be completed each year to determine if you remain eligible for them. You may be required to submit a thank you note for your scholarship, check ACIS to get more information.
These funds are offered to you to help meet your costs; you do not have to accept them if you have other resources available. In order to receive loan funds you must complete a promissory note and entrance counseling. Instructions on how to do so are in ACIS. You are responsible for repaying those loans when you leave school. Loan funds can be applied to your student account when all the requirements are met.
Work-study funds are earned by working on-campus or with a community organization. You get a regular pay check that you can use to pay incidentals or apply to your student account.
You can use this section to calculate your contributions from savings, outside scholarships you've earned or funds you plan on borrowing through an outside bank or lender. You can add those up and place the total under the 'My Plan' section.
This section allows you to include contributions from savings or current income. It can also reflect resources from the PLUS Loan (a loan parents can borrow up to the cost of attendance) or available payment plans. Total those amounts and place that in the 'My Plan' section.
We've included your Albion costs that will be billed to you, as well as your financial aid resources. Using the amounts you've included from the student and parent resources sections, you can subtract all of your resources to determine your remaining direct cost. This is the amount you'll need to pay to the College.
These expenses are variable depending upon your spending patterns. The amounts we've listed are typical for most students, you can change them depending upon your spending habits.
Taking your remaining direct cost from above and adding your indirect costs you can see what's left. The goal is to have this amount equal zero, so you know all of your expenses are covered. If it's not then you'll want to either reduce your indirect costs, look at how to add some additional resources or a combination.
Understanding Your Award Letter
Financing Your Albion Education
It's a partnership we think is worth the investment.
With your financial aid award you'll receive a guide to help you understand your financial aid offer from Albion, provide you the starting point to developing your own personal Albion Financing Plan as well as navigate you through the first steps in paying your bill.
Financial Aid Offer
1. Cost of Attendance
Included in your cost of attendance are those expenses that are paid directly to the College (tuition, fees, room and board) as well as what we anticipate your other costs will be while attending. Those include your books and supplies, transportation and personal expenses which will vary depending on your spending habits, but we want to make sure you include those in your plans.
When comparing other aid offers, make sure you've included all of the same costs.
The amount on your College bill will include only tuition, fees, room and board.
2. Financial Aid Offered
We've listed all of the federal, state and institutional resources available to you. You can learn more about each of the funds and what you have to do to receive them by visiting your personal online financial aid award. We'll tell you more about that in the ACIS section below.
3. The Bottom Line
If you accept all of the financial aid offered to you, this is the amount your family will need to contribute. There are many ways to cover this portion. We'll help you understand all the options by completing your personal Albion Financing Plan.
4. What Now?
Visit ACIS. That's the Albion College Information System and has all your important information you'll need as a student; including your personal online financial aid award. Information on how to receive all your financial aid awards is included here. If we need more information to complete your file, we'll list that under the requirements section as well. This is a site you'll want to visit often.
Develop Your Albion Financing Plan. We understand that navigating the financial realities of paying for college is complex. We're here to help, starting with walking you through the pieces of your Plan. But, that's just the start. We'll work with you to help fill in the blanks and explore all the options available to you.
Read Your E-mail. We don't want you to miss out on any funds available and we want to make sure your bill is paid on time. Sometimes we need to remind you about deadlines or documents that we need. We'll let you know by email; so read and succeed.
Distinguished Albion College Community College Transfer Scholarship
Albion College has established the Distinguished Albion College-Community College Transfer Scholarship to recognize outstanding achievements by students at two-year colleges. This scholarship is offered to highly qualified applicants who wish to transfer to a liberal arts college for completion of their bachelor’s degree.
One student at each of the participating community colleges will be awarded the scholarship. Participating community colleges include:
- Grand Rapids Community College
- Jackson Community College
- Kalamazoo Valley Community College
- Kellogg Community College
- Lansing Community College
- Washtenaw Community College
Selection and Requirements
Candidates for this scholarship must be currently enrolled at a partnering community college and must have been admitted to Albion College. After a review, students whose credentials meet or exceed the scholarship requirements will be invited to interview with the Transfer Committee. Scholarship recipients will be announced at least 60 days prior to the beginning of the fall semester.
Eligible students must meet the following criteria:
- Completion of an associate's degree or minimum of 48 credit hours at a participating community college prior to entrance to Albion College.
- Admission to Albion College by May 1 for fall entrance.
- Completion and submission of a FAFSA to Albion by May 1.
- A 3.8 GPA or higher at the community college level. Academic rigor and performance will be assessed over the equivalent of three semesters of full-time college-level work.
- Student must be pursuing an academic major offered at Albion College.
- The recipient will be identified as a Distinguished Albion College- Community College Transfer Student.
- The scholarship will cover 75 percent of the student’s tuition for the first year of attendance. For the second year of attendance, the scholarship is renewable in the same amount, as long as the student is making satisfactory academic progress by achieving an annual GPA of 3.0 or higher and remaining in good standing.
- Eligibility for subsequent scholarship support after two years of attendance at Albion College will be based on the student’s progress toward degree completion.
Should the scholarship recipient also apply for need-based financial aid, College policies will be followed in awarding additional aid.
If you have any questions about the Distinguished Albion College-Community College Transfer Student Scholarship, please contact Wade Nichols, associate director of transfer recruitment, at
You'll study. You'll learn. You'll prepare for your future career. But when you're not doing that stuff, there are thousands of other things you'll want to do on campus. Here are ten things to consider about life outside the classroom.
Student government and other campus groups allow students to make real decisions and influence campus life. Find out how you can get involved.
Do you act, sing, or play an instrument? Look for theatre groups, choirs, or instrumental ensembles that fit your style. At a smaller school, you'll have a better chance to star in the show; at a big school, you may stand on an impressive stage.
Small colleges have more opportunities to join the team. Some have more specialized sports, like disc golf, equestrian, or curling. Find out your chances of making the team or leading it.
Supporting the team.
At larger schools, sports are often more competitive, and it can be harder for students to make the team. But these schools might also have a fiercely active fan base and play on the national stage. You may not know anyone on the team personally, but you'll still be part of the crowd.
Want to join a fraternity or sorority? Greek life is the cornerstone of social activity on some campuses and nonexistent on others. Ask a current student about the importance of Greek life.
Are you lost without your elliptical? Only feel at home in a weight room? Fitness facilities vary greatly at colleges of all sizes. If you'll be using them, make sure they meet your needs.
Many private colleges have a specific church affiliation, but nearly all of them welcome students of all faiths and offer campus groups and worship services for everyone.
You'll be busy during your college years, but you'll have to sleep eventually. Ask if you'll have roommates. Wi-Fi. Laundry facilities. Are the rooms comfy? Are there any unique housing options? See how you'll live for the next four years.
You'll eat a lot of meals in four years. Find out if you'll have to purchase a dining plan. See if you'll have access to options outside of the dining hall, like coffee bars or sandwich shops. And most importantly, stop by for lunch and check out the food for yourself.
College traditions often take the form of distinctive annual events. Ask around—you'll probably find surprising (and occasionally bizarre) traditions that will create your most cherished memories.