<p>I was just recently admitted to the Caroll School of Management and although I swore I sent in my Tax Return forms, it appears they are still missing. I am aware financial aid information is to be posted tomorrow but is it too late to send it in? Am I screwed or is there some lee way. I am seriously worried right now because Boston College was a school I am heavily considering and I am almost entirely dependent on financial aid.</p>
<p>Where does it say that your FA documents have been received? I can only see my admissions credentials listed.</p>
<p><a href=“https://www2.student-1.com/StudentApp/[/url]”>https://www2.student-1.com/StudentApp/</a></p>
<p>Is the link they gave me.</p>
<p>Apparently some of my documents have not been received, but I sent them in about a week ago. I assume they just haven’t listed them as received, and they will give me my FA decision regardless.</p>
<p>My dad submitted the tax forms to the IRS, not BC … Is this wrong?? Am I going to be penalized?</p>
<p>You can probably fax them or upload them online, but they do need to be submitted to BC, not just to the IRS. Since Boston College is one of the few schools that meets 100% of financial aide, it would be a good idea to get those in immediately.</p>
<p>My dad actually talked to someone on the phone and priority mailed them this morning. The women he talked to said that sending them late will not affect the amount that I am offered.</p>
<p>Dear threetrasurs : I want to clarify your statement for the entire College Confidential community tracking Boston College. You stated : “Boston College is one of the few schools that meets 100% of financial aide” when in fact the actual quote is “100% of demonstrated financial need”. While this might seem like a subtle difference, many parents, students, and families believe that there is a huge “financial aid” bucket that will relieve them of the current $50,000/year price tag. The truth of the matter is that families in the $150,000 annual income range are often disappointed that their Boston College awards do not align with their FAFSA calculations or those of other institutions. Remember that Boston College makes an assessment of your total wealth in evaluating financial aid awards which will go into more detail than other institutions. For example, if you have that second vacation home, be aware that you will not qualify for a financial aid award.</p>
<p>Dear ambreylouise : Boston College has a fixed pool of funds available to the Financial Aid team. The discount rates applied for the average student are well documented on other sites. That said, Boston College does have flexibility thanks to their endowment to cover the entire freshman class regardless of the application point. That said, do not delay on getting your application material completed as the funnel does indeed get tighter as time moves forward.</p>
<p>Thank you for clarifying, but I am not at all surprised that Boston College takes in to consideration a families’ assets when determining financial need.</p>
<p>There are very few schools in the country who are as generous with aide as Boston College.</p>
<p>Sorry, wasn’s sure whether to post this to this thread, but my question is regarding BC finaid Can someone on this thread help explain efc and demonstrated financial need as it pertains to BC?</p>
<p>My d was accepted to BC. Her financial aid consisted of $3,500 subsidized gov loan (an assumed $2,000 unsubsidized gov loan) and $2,500 work study (total $8,000). I called the financial aid office and was told (not by the finaid officer, but the person who answered the phone) that my efc was calculated at $35,000. After about 5 minutes, she could not explain to me why my demonstrated need of $20,000 (cost of attendance = $63K less identified aid $8K, less efc $35K, leaving $20K) was not being met. Rather, she advised that I take personal loans to cover the difference.</p>
<p>I am struggling with the fact that supposedly BC meets 100% of demonstrated financial need – how is taking private loans “meeting need”? So in theory, if my efc was $0, could they just say cover the need with private loans? Or is it, even though my efc is 35k, the fin aid package is based on my assets which aren’t reflected in the efc – but the efc is suppose to reflect that, I thought.</p>
<p>I will speak with the finaid officer on Monday – but was hoping somebody could shed light on this before I call. This would be easier to understand if BC did not meet 100% financial need – and maybe they don’t.</p>
<p>Thanks for any insight.</p>
<p>It’s possible and more likely the agent on the phone was telling you the EFC calculated by FAFSA and not the EFC calculated using BC’s methodology. The people who answer the phones for the office of student services are usually students who have a work study program. They do not have full access to your file. My advice would be to find out who exactly your financial aid counselor is by looking on your D’s portal page. Then email the counselor to get a clear explanation. Don’t give up hope, they are very understanding and can be very helpful in the long run.</p>
<p>Thanks, I thought she might have been referencing the fasfa efc. I did calculate the css efc using the cost calculator on BC’s website, and came up with an efc of $47,000. So now I am thinking that BC may have used a different number for my home equity, then I supplied.</p>
<p>Guess I will follow up with the aid office tomorrow - will let you know the result.</p>
<p>to my knowledge, BC does not “meet” demonstrated need with private loans.</p>
<p>Make an appointment to speak with your loan advisor. (They assign loan officers by last names.)</p>
<p><a href=“http://www.bc.edu/content/bc/offices/stserv/financial/finaid/undergrad/about_us/staff.html”>http://www.bc.edu/content/bc/offices/stserv/financial/finaid/undergrad/about_us/staff.html</a></p>
<p>Wow! BC gave DS a very generous offer. Amazed. Go Eagles!</p>
<p>Just to follow up, i did end up talking to the BC finaid officer, and yes, the efc given to me was the fasfa efc . . . Turns out that my institutional was estimated at 2x as much. Essentially, home equity did me in. However, they did admit that they were using estimates based on my 2012 retrun, and that they possibly estimated my income too high. But I’m not holding my breath and planning for the worse.</p>
<p>Thanks for the replies I got.</p>
<p>BC was very generous with an AMDG scholarship - otherwise . . . no way. We are very grateful. Go Eagles!</p>
<p>What is an AMDG Scholarship?</p>