ACTCM is approved to participate in U.S. federal and state financial aid programs and Canadian loan programs.

What does this mean? 

ACTCM students who are U.S. citizens or permanent residents may finance their educational costs using the low cost U. S. government guaranteed Federal Stafford Loan Program , the Federal Work Study Program , Federal Perkins Loans and Americorps. Canadian students may use the Canadian provincial and national loan programs. Other international students may be eligible for privately funded educational loans provided a cosigner is provided who is a U.S. citizen or permanent resident.

How do I get the money? 

All applicants who are U.S. citizens or permanent residents must complete the Free Application for Federal Student Aid (FAFSA) and meet other requirements. Students who are Canadian citizens must apply through the national or provincial Ministries of Education in Canada.

Who can apply? 

Eligible applicants must be admitted to the Masters Program, be enrolled at least half time, be making satisfactory progress toward completion of the program, and be US Citizens or permanent residents. Recipients of Canadian aid must be Canadian citizens or permanent residents enrolled full-time. DAOM students are eligible for privately funded educational loans but not for federal aid.

How do I get more information? 

Call, write or e-mail the Financial Aid Office at ACTCM. We also encourage you to drop in. Canadian students should contact the national or provincial Ministries of Education or utilize the Internet website:

http://www.hrsdc.gc.ca/en/learning/canada_student_loan/index.shtml

What period does this cover? 

For U.S. Citizens and permanent residents the 2007-2008 application covers periods of enrollment beginning Summer 2007 through Spring 2008. The 2007-8 application, which will be available January 2007, covers periods of enrollment beginning Summer 2007 through Spring 2008.

How much can I get? 

U.S. citizens or permanent residents may borrow up to $18,500 in the Federal Stafford Loan Program per 3 quarters of study. Up to $8,500 of this amount is interest free while enrolled. Additional funding, up to the full Cost of Education less other resources, is available in the Federal Grad Plus Loan program. The Grad Plus loan is intended to supplement the Federal Stafford Loan. Federal Work-Study awards are made in limited amounts to fund on-campus and community service employment. Federal Perkins Loans are made in small amounts to the applicants with the greatest financial need. Americorps awards are earned through public service. Eligibility for privately funded educational loans varies depending on lender policy and the student financial aid budget. Effective July 1st 2007, eligible students may receive up to $12,500 in an Unsubsidized Loan each year. A student can only received up to $20,500 in a combined total of Susubsidized and Unsubsidized Loans each year.

What is this money for? 

Financial aid funds are provided to cover direct educational costs and a modest and reasonable allowance for living expense.

How will funds be disbursed? 

Federal Stafford, Federal Grad Plus, private loans, and Federal Perkins Loans are disbursed in equal disbursements for each quarter included in the loan period. Stafford, Grad Plus and private loan funds will be delivered electronically by the lender to the school. Once funds are disbursed to the school, tuition and fees are deducted from the loan proceeds and any remaining balance is made available in the form of a school check normally on the 3rd Monday of each quarter after 2pm in Administration. Federal Work-Study funds are disbursed as earned by paycheck. Other aid is disbursed as directed by the funding agency.

What about tuition payment? 

ACTCM policies apply. New students are expected to pay a $300 deposit. .Tuition is normally due on the scheduled date of loan disbursements. Payment may be deferred at the discretion of the Office of Financial Administration if a financial aid application has been completed including loan certification by the Financial Aid Office. Payment plans are available from the Office of Financial Administration.

We are here to help you! 

The Financial Aid Office is adjacent to the Registrar on the Main floor of the College.

Current Office hours: Tuesday--- Thursday 10am---6pm

Telephone: 415-282-7600 x13 Fax: 415-282-0856

E-mail: FinancialAid@actcm.edu

Staff: Shandel Rosen Roberts, Financial Aid Director