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Financial Aid Application Process for New - Prospective Students
You can file most financial aid applications online using the links below. Paper applications may be requested from the Office of Financial Aid
Free Application for Federal Student Aid (FAFSA)
Federal School Code - 002885
File Your FAFSA Online - Start Filing January 1st
Apply for a Federal Personal Identification Number (PIN) Online
Verification Process - Required from all new Students
Entrance Interview Process - Required by new borrowers Only
Complete Your Stafford and/or Perkins Loan Entrance Interview
Orientación de admisión del Préstamo Stafford
Complete Your Health Professions Student Loan Entrance Interview
Lender List
The Office of Financial Aid receives numerous requests for information about student loan products from students and families each year. Students and families who wish to obtain student loans, must select the lender of their choice. This has been and continues to be the philosophy and practice of the Office of Financial Aid at Albany College of Pharmacy. We strongly encourage all students and families to research financing options thoroughly and utilize those options that best fit within their financial situation.
To aid our students, we have decided to compile a suggested lender list for the 2008-2009 year. In this endeavor we were guided by the NYS Student Lending Accountability , Transparency and Enforcement Act (SLATE).
In order to compile the list, the Office of Financial Aid completed a Requests For Information (RFI) process. The financial aid staff compiled a RFI questionnaire for all interested lenders to complete. Nine lenders submitted RFI reports to our office by the deadline. All of the nine RFI reports were reviewed thoroughly by the financial aid staff. After review, the financial aid staff met to discuss the RFI documents and obtain any additional information necessary to answer all questions raised during the review process. As a result of this process, the financial aid staff determined that four of the nine lenders met the criteria established in our RFI document. The four lenders listed meet the following requirements (in no particular order):
- Have customer service hours that are flexible to meet student and families needs
- Offer both FFEL and private loan products to students and parents
- Have low student loan default rates in all categories: nationally, within NY and for ACP students
- Offer low interest rate structures for private student loans
- Have low back- and front-end fees charged to the borrowers in the private student loan products
- Offer a quick turnaround for credit decisions for students and parents
- Have high approval rates for credit-based student loans
- Agree to allow a student to view the RFI materials with the VP of Enrollment Management in the Office of Financial Aid, upon request from the student
Lenders that met the above criteria for 2008-2009 (in random order):
We will continue to monitor the lenders on this list throughout the academic year. We will remove all lenders that do not meet our requirements as listed above. Please note that students and families are never required to borrow from a lender on our suggested list. Students and parents should always select the lender of their choice.
Federal Master Promissory Note (MPN) - Non-Electronic Process
Federal Stafford Subsidized and Unsubsidized Loan
(Please note - this version of the MPN expires 5/31/2008.)
Federal Parent PLUS Loan
(Please note - this version of the MPN expires 3/31/2008. New MPN version will be posted as soon as it is made available from U.S. Department of Education.)
Additional Financing Options
Consideration for Additional Aid Process
2008-2009 Financial Aid Wait List Request Form
(August 1-September 15)