Support

Enrollment Requirements

Your financial aid is based on full-time enrollment, which equals three units per semester. If you enroll for less than three units, your financial aid will be adjusted.

In order to be eligible for financial aid, students must be enrolled at least half-time. If you enroll for less than 1.5 units, your financial aid will be canceled.

Aid eligibility will be based on your enrollment status at the end of the add/drop period for each semester.

How/Why Your Aid May Change

Changes to Your Financial Aid Package

Your financial aid offer may be revised for any of the following reasons:

  • Notification of additional financial aid resources not listed on your award notification.
  • Less than full-time enrollment.
  • Change in family circumstances.
  • Changes resulting in verification of your information.
  • Reduction in state or federal financial aid funding.

If your financial circumstances change, you may be eligible for more or less aid.

Students are encouraged to complete the FAFSA each year by the March 1 deadline for entering students, January 1 for continuing students. Note to our continuing students, your eligibility for financial aid may change significantly, especially if you have a different number of family members in college so we encourage you to apply each year.

Special Programs

Funding for Special Programs at Albion

Certain Albion programs fall outside the spectrum of conventional financial aid. These include off-campus study, participation in certain Albion institutes, and summer programs.

To help Albion students participate in these programs, special grants and scholarships have been made available.

Off-Campus Programs

Albion Grants for Off-Campus Study

  • Off-Campus Program Grants (OCP Grant Application) are competitive scholarships awarded in the amounts of $250, $500, and $1,000. These grants are applied to the cost of semester or year-long programs.
  • The Sebold Gift, a competitive $500 grant, is awarded to one OCP student each semester to cover extra expenses associated with a proposed project while doing the off-campus study.

Other Off-Campus Study Scholarship Resources

  • IIE Passport provides a comprehensive Web site of scholarships, fellowships, and grants for those studying outside the U.S. This site allows you to search for funding by country, field of study, or various other criteria. Note that many of the funds will not be applicable to Albion-approved programs.
  • Albion-approved program scholarships. You may find scholarship opportunities offered by your off-campus program (e.g., CIEE, SIT, IES, Boston University, Center for Cross-Cultural Studies, etc.). Some programs offer travel grants that can be applied to airfare. If you receive an award, contact the CIE Office.

Summer Study

Currently financial aid is not available for those students who choose to study during the summer at Albion. Students in the Gerstacker Summer Institute are the exception.  In order to receive funding for the summer students must complete a planning session with a student financial services counselor prior to enrolling for summer coursework.

Off-Campus Programs

Albion does not award scholarships for summer off-campus study. However, students who participate in off-campus programs during fall and/or spring semesters may use 75% of their base-level Albion academic scholarship, (e.g., Distinguished Albion Scholars Program, Trustee Scholarship, Presidential Scholarship, Webster Scholarship, Ferguson Scholarship, Kresge Scholarship or Briton Award), and 100% of need-based financial aid to study off-campus.

Please check with the Student Financial Services Office to determine your status regarding other Albion scholarships you may hold.

Albion Grants for Off-Campus Study

  • Off-Campus Program Grants (OCP Grant Application) are competitive scholarships awarded in the amounts of $250, $500, and $1,000. These grants are applied to the cost of semester or year-long programs.
  • The Sebold Gift, a competitive $500 grant, is awarded to one OCP student each semester to cover extra expenses associated with a proposed project while doing the off-campus study.

Other Off-Campus Study Scholarship Resources

  • IIE Passport provides a comprehensive Web site of scholarships, fellowships, and grants for those studying outside the U.S. This site allows you to search for funding by country, field of study, or various other criteria. Note that many of the funds will not be applicable to Albion-approved programs.
  • Albion-approved program scholarships. You may find scholarship opportunities offered by your off-campus program (e.g., CIEE, SIT, IES, Boston University, Center for Cross-Cultural Studies, etc.). Some programs offer travel grants that can be applied to airfare. If you receive an award, contact the CIE Office.

Other Scholarship Sources

You also may want to investigate the following funding sources:

  • Benjamin A. Gilman International Scholarship (for students currently receiving Pell Grants). Apply online at https://gilmanapplication.iie.org/.
  • David L. Boren Undergraduate Scholarships for Study Abroad, http://www.borenawards.org/. The National Security Education Program (NSEP) provides scholarships to undergraduate students who wish to study languages and cultures pertinent to U.S. national security. Boren Scholarships provide up to $20,000 to U.S. undergraduate students to study abroad in areas of the world that are critical to U.S. interests and underrepresented in study abroad, including Africa, Asia, Central and Eastern Europe, Eurasia, Latin America, and the Middle East. The countries of Western Europe, Canada, Australia, and New Zealand are excluded.

Other Financial Resources

529 Plans

Investing in a 529 Plan allows you to prepay tuition today that your child can later use at Albion or any college. You should consult your financial planner for information regarding 529 plans.

Michigan Education Trust (MET)

MET allows parents, grandparents, businesses, and others to pre-purchase undergraduate tuition for a child residing in Michigan at any Michigan university or college, including Albion.

Federal Tax Benefits

There are a few tax benefits available for educational expenses. The IRS Educational Benefits Center is the best resource for determining if you might be eligible.

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