Federal financial aid is disbursed (or paid) each semester after the 80% refund date,
with the exception of Federal Work-Study funds. Financial Aid pays —in order— your
tuition and fees, purchases at the ACM Campus Store, and your Willowbrook Woods housing
bill, if you are a resident.
Any remaining aid is available within two weeks as a student refund check, and will
be mailed to the address on file.
To keep your financial aid on track, be sure that your financial aid awards is an
“accepted” status in Self-Service, and that have your final, official high school transcript on file in Admissions
Office.
For Willowbrook Woods residents, remaining aid after payment of tuition and fees and
books is automatically applied to your housing bill. Residents may receive a refund
of remaining funds after that payment.
Federal Student Loan/Parent Plus LOANS
- Require enrollment in six Title IV-eligible credits.
- Mandate a valid/recent Master Promissory Note and completion of Entrance Counseling.
- Stipulate that first-time borrowers are subject to a mandatory 30-day hold for disbursement
of funds.
- Disburse in two equal financial aid payments with the exception of students accepting
one-term awards or who are enrolled in single semester programs. They will receive
loan funds in two disbursements in one semester.
- Dictate that Parent PLUS Loan refunds be mailed directly to parent borrowers.
Federal Grants
- Make initial awards based on full-time enrollment (12 or more credits).
- Pro-rate actual disbursements based on actual enrollment: 75% of the awarded amount
for nine to eleven credits; 50% of the awarded amount for six to eight credits; and
25% of the awarded amount for one to five credits.
- Disburse grants no earlier than the third week (after 80% refund) of class.
State Grants
Maryland
- Require award acceptance in a timely manner in MDCAPS through the Maryland Higher
Education Commission for:
- Base awards on the number of enrolled credits.
- Disburse grants no earlier than the third week (after 80% refund) of class.
Pennsylvania
- Available through:
- Stipulate that you complete your FAFSA
- Require at least 50% of your total semester credits be in-classroom.
Washington, D.C.
- Available through:
- Eligible to use funds from DC GEAR UP (Gaining Early Awareness and Readiness for Undergraduate
Programs) if you were a participant.
- Provide D.C. Adoption Scholarship if you were adopted through District of Columbia
Child and Family Services Agency and/or lost one or both of your parents in 9/11 terrorist
attacks.
West Virginia
- Eligible to use funds from WV GEAR UP (Gaining Early Awareness and Readiness for Undergraduate Programs) if you were a
participant.
Did you know? Bus passes and meal card vouchers may be purchased at the ACM Campus Store with remaining financial aid funds.
All funds are subject to return based on attendance in courses. Please refer to the
Return of Title IV funds policy.
