Welcome transfer students! Below, you will find all of the information you need to apply for various forms of financial aid available from the federal government, state governments and the College. Our team of financial aid specialists is available to answer any questions you may have.
apply for aid
Complete the Free Application for Federal Student Aid (FAFSA).
All applicants seeking federal financial aid must file the Free Application for Federal Student Aid. The FAFSA becomes available October 1.
- ACPHS Federal School Code - 002885
- FAFSA Deadline - February 1st
Understanding Your Student Classification for Financial Aid
- Students transferring into ACPHS as a first year will be considered a 'Attended college before and 1st year undergraduate'
- Students transferring into ACPHS as a second year will be considered a '2nd year undergraduate/sophomore'
- Students transferring into ACPHS as a third year will be considered a '3rd year undergraduate/junior'
- You will be working on your '1st bachelor’s degree' or your '2nd bachelor’s degree'
review financial aid options
Federal Aid
Federal Aid consists of government issued grants, direct federal student loans and work study options. Federal student loan programs offer low interest rates and, when used with discretion, provide an affordable option to meet the cost of a quality education.
Direct Federal Student Loans:
- Direct Loan Overview
- If you have borrowed federal student loans prior to your attendance at ACPHS, your federal student loan history can be reviewed using the National Student Loan Data System.
Federal and Private Student Loan Options |
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| 1st Year Freshman | Subsidized | Unsubsidized | Additional Loans |
| Dependent Independent |
$3,500.00 $3,500.00 |
$2,000.00 $6,000.00 |
Undergraduate Parent/Undergraduate Private Loans Undergraduate Private Loan |
| 2nd Year Sophomore | Subsidized | Unsubsidized | Additional Loans |
| Dependent Independent |
$4,500.00 $4,500.00 |
$2,000.00 $6,000.00 |
Undergraduate Parent/Undergraduate Private Loans Undergraduate Private Loan |
| 3rd Year BS/3rd Year P1 | Subsidized | Unsubsidized | Additional Loans |
| Dependent Independent |
$5,500.00 $5,500.00 |
$2,000.00 $7,000.00 |
Undergraduate Parent/Undergraduate Private Loans Undergraduate Private Loan |
| 4th Year BS/4th Year P2 | Subsidized | Unsubsidized | Additional Loans |
| Dependent Independent |
$5,500.00 $5,500.00 |
$2,000.00 $7,000.00 |
Undergraduate Parent/Undergraduate Private Loans Undergraduate Private Loan |
| Masters Years 1 & 2 | Subsidized | Unsubsidized | Additional Loans |
| Independent | $- | $20,500.00 | Graduate/Private Loans |
| Professional Years 1 & 2 | Subsidized | Unsubsidized | Additional Loans |
| Independent | $- | $33,000.00 | Graduate/Private Loans |
Federal Student Loan Aggregate Borrowing Limit |
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| Subsidized | Total* | ||
| Dependent | $23,000 | $31,000 | |
| Independent Undergraduate | $23,000 | $57,500 | |
| Pharm D Professional Students | $65,500 | $224,000 | |
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*Total includes Subsidized (need-based) and Unsubsidized More information about federal student loans can be found at www.studentloans.gov |
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State Aid
Students enrolled at either the New York or Vermont campus can apply for state aid.
Institutional Aid
ACPHS offers institutional scholarships and grants based upon established criteria of merit and/or need as noted. All awards are based upon full-time enrollment each semester, unless otherwise indicated. The Office of Financial Aid will evaluate eligibility annually, based upon issuance of final grades for spring term.
- Institutional Merit-Based Aid - financial aid awarded based on prior academic performance.
- Institutional Need-Based Aid - financial aid awarded based on both prior academic performance and financial need.
Note: need-based scholarships require the student to file the FAFSA each year.
*All awards are subject to adjustment due to changes in enrollment status, or receipt of other federal, state or private funds. In addition, awards will be adjusted as part of required corrections or verification of data reported on the student’s FAFSA.
*Awards will be renewed on a first-come, first-served basis until funds are expended. Awards may not be renewed to students who do not adhere to the FAFSA filing deadline of March 1. Awards will not be renewed to students with incomplete financial aid paperwork after May 1.
For a detailed breakdown of institutional, federal, and state aid, view our Scholarships, Loans, and Grants.
discover acphs tuition & fees
The tuition and fees for Albany College of Pharmacy and Health Sciences are approved annually by the College's Board of Trustees. The Office of Student Accounts will be able to assist your billing needs.
explore Additional financing options
After completing the FAFSA, understanding different types of Financial Aid, and viewing the 2022-23 Tuition and Fee breakdown, the next step of the process is to apply for any additional options you may have in order to finance your education. Here is a list of possible additional financing options:
- Federal Parent PLUS Loan
- Private Student Loans
- Sponsor Loans
- Home Equity Loans
- Payment Plans
- 529 Savings Plans
- Employer Benefits
- Private Scholarships