ACM’s Student Financial Aid Office educates and counsels students and parents on all
aspects of financial aid in order to align financial resources with financial need
so that the greatest number of students, regardless of financial circumstances, can
obtain their education.
Satisfactory Academic Progress (SAP) is required to receive federal financial aid and based on your efforts to successfully:
SAP is reviewed at the end of every semester. If you do not meet SAP standards, you
will receive a Financial Aid Warning status letter but remain eligible to receive
If your SAP does not improve, you will receive a Financial Aid Termination status letter and have all financial aid removed from your account. Your status may be viewed in WebAdvisor.
Our Student Financial Aid Office is a member of the National Association of Student
Financial Aid Administrators (NASFAA), the Eastern Association of Student Financial
Aid Administrators, and the Delaware-District of Columbia-Maryland Association of
Student Financial Aid Administrators.
We act in the best interest of students and their families. All actions and decisions are bound by NASFAA's Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals and the State of Maryland’s Code of Conduct, copies of which are available in the SFAO, and regulations developed by the U.S. Department of Education.
We participate in the Federal Direct Student Loan Program with the U.S. Department of Education is its lender for all Title IV Federal Student Loans.
Should the Federal Family Education Loan Program (FFELP) be revived, we will adhere to the 2009 code of conduct policy approved by the ACM Board of Trustees.
The Higher Education Opportunity Act of 2008 requires educational institutions participating in a Title IV Loan Program to adhere to a Code of Conduct, which prohibits conflicts of interest between Allegany College of Maryland's (ACM) officers, employees, and agents with any lender, lender servicer, and/or guarantor. Sections 487 (a) (25) and 487 (e) of the Higher Education Act of 1965, as amended, require the development, administration, and enforcement of a Student Financial Aid Code of Conduct to govern federal student aid programs. Staff members of the ACM Student Financial Aid Office (SFAO) are bound to act in compliance with the ACM Student Financial Aid Code of Conduct, the Maryland State Code of Conduct, and the Statement of Ethical Principles and Code of Conduct from the National Association of Student Financial Aid Administrators (NASFAA).
Officers, employees, contract employees, trustees, and agents, including alumni associations, booster clubs, foundations, athletic organizations, social, academic, and professional organizations, and other organizations directly or indirectly associated with or authorized by ACM, agree to the provisions of the ACM Student Financial Aid Code of Conduct and will refrain from:
ACM will not use a Preferred Lender List; however, the SFAO will make use of a Recommended Lender List. The ACM SFAO may request and accept assistance from lenders and/or guarantors to conduct entrance and exit loan counseling. ACM SFAO staff shall always be in control of the counseling sessions and will not permit the lender and/or guarantor representative to promote in any way the specific lender's products or services. ACM will make use of the various lender and/or guarantor's materials and products to aid students in financial literacy.
ACM is committed to providing the information and resources necessary to help every student achieve educational success and will consider the individual needs of each student.
The information contained herein has been provided to all ACM officers, employees, and agents affiliated with this college. In addition, this Student Financial Aid Code of Conduct will be published on the ACM internet site and at least annually, will update the code and inform the officers, employees, and agents of the provisions of this code. Staff, employees, and agents affiliated with this college who fail to comply with this policy will be subject to all applicable disciplinary actions.
Approved by the Board of Trustees July 20, 2009
To help you and your family make informed decisions about financing your education,
we recommend using our Financial Aid Shopping Sheet – a comparative consumer tool
that simplifies college costs and financial aid information. Think of it as your shopping
cart for financial aid.
Your individualized Financial Aid Shopping sheet is available through WebAdvisor (under the Financial Aid section) after you have been awarded financial aid by the Student Financial Aid Office. Carefully consider its contents before making your final decision.
If you have fully completed the financial aid process and you do not see your Financial Aid Shopping Sheet, contact us at 301-784-5213.