Financial aid is awarded primarily on the basis of need. In addition, financial assistance depends on the availability of financial resources. To be considered for financial aid, applicants must meet the following criteria: 

1. Be enrolled or accepted for enrollment in an eligible program at College of The Albemarle;
2. Be a citizen or an eligible non-citizen of the United States with a valid Social Security Number;
3. Be an undergraduate student who has not previously received a bachelor's degree;
4. Complete the current year FAFSA and demonstrate financial need;
5. Have a high school diploma or GED certificate;
6. Be making satisfactory progress in the course of study being pursued;
7. Not be in default on a Federal Perkins Loan (formerly NDSL) or a Stafford Loan (formerly Guaranteed Student Loan) and not owe a refund of federal funds at any institution; and
8. Meet any applicable program or degree-specific criteria. 

If students qualify for financial aid, they will receive an award letter. Students should review the award carefully. If the aid does not meet the students' needs, they should make an appointment with the Director, Scholarships and Student Aid, for consultation.

The Office of Scholarships and Student Aid reserves the right to amend this policy at any time as necessary.