Financial Aid Disbursement and Payment Information

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. If you are due a refund, you will recieve an email from the Business Office stating so. Any refund check that you would like to pick up in person, can also be done at the Business Office (not the Financial Aid Office). 

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.

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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.

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Federal Grants

• Make initial awards based on full-time enrollment (12 or more credits), but pro-rate actual disbursements based on actual enrollment: .

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State Grants

Maryland

• Require award acceptance in a timely manner in MDCAPS through the Maryland Higher Education Commission for:
  
  • Guaranteed Access Grants
  • Educational Assistance Grants
  • Delegate Scholarships
  • Senatorial Scholarships
  • Maryland Promise Scholarships
• Base awards on the number of enrolled credits.
• Disburse grants no earlier than the third week (after 80% refund) of class.
  
  

Pennsylvania

• Available through:
  
  • Pennsylvania Higher Education Assistance Agency’s (PHEAA) Pennsylvania State Grant program
• Stipulate that you complete your FAFSA
• Require at least 50% of your total semester credits be in-classroom.
• Disburses no earlier than the third week (after 80% refund) of class. If you are enrolled in a delayed start class, this grant won't pay until after that start date.

Washington, D.C.

• Available through:
  
  • DC Tuition Assistance Grant (DC TAG)
  • DC College Access Program (DC CAP)
  • DC College Success Program
• 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.

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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.