Financials Aid

Did anyone that was accepted EA get their financial aid package? The acceptance letter said January and I am getting nervous. I love BC, but cost could be a huge issue.

@HSStudent938 I got accepted EA and have not yet received my financial aid package. It says late January so we have a week or so left I believe.

Financial Aid awards are posted

Yep, just got my financial aid package! It was more aid than I was expecting, so I’m thrilled. And wow, BC’s cost of attendance is $71k/year now! Did anyone find the breakdown of what they added into that? I want to see what my direct costs are.

I just emailed the councilor listed on the reward and asked exactly that.

I’m pretty sure that number includes approx $3000 for medical insurance (i will waive as I have coverage thru my parents) and approx $3000 for books and miscellaneous.

My financial aid award says conditional, and that it will be verified after a second look after I turn in my admission deposit. That sounds kinda sketchy. Has anyone had their financial aid change drastically after depositing? My Profile/FAFSA have been submitted for ages and I’m pretty sure my financial statement documents were turned in before the deadline too, so I think my current award should be accurate, but idk.

@domer68 Let me know what your counselor says. I found the 2016 cost of attendance, and it was ~68k/year, and the only indirect cost included was less than 3k. I’ll email my counselor too and see what they say.

I was told we would not have a financial aid decision for two more weeks, as additional documents were needed. To those who heard, how was the award compared to your EFC calculator. Did you get more or less than anticipated? was it a lot of grants or loans? any sharing would be appreciated

@HSStudent938 Here is the message.

The figure is estimated at this point, but we don’t expect it to change to much.

Billed Costs:

Tuition: 52,500
Fees: 1,401
Room: 8,830
Board: 5,312

Indirect Costs: (not billed for, but estimate of what might cost)

Books: 1,250
Misc/Personal: 1550
Travel: 350

total 71,193

The medical insurance is not part of the Cost of Attendance unless the student opts to purchase the medical insurance. We can add it to the cost of attendance at a later point, if needed.

@BigPapiofthree the award was very close to what the college board net cost calculator estimated.

Good to hear…Thanks @domer68

@BigPapiofthree My award was very good, even a little better than the NPC. Northeastern and BC showed the same net price on the collegeboard calculator, but BC came out ~10k/year cheaper with the actual packages.

@domer68 Thanks, my response was just a link to the current 2016-17 cost of attendance on the website. Looks like a little over $3k is in indirect expenses.

My son award is “conditional”. Is this common to everyone? Or anything concern?

Also my son got $32,000 in grants. Still lot to cover from my packet

Very, very annoyed with the financial aid (or I should say lack of) awarded to my D. We have a consulting business and BC basically wouldn’t accept ANY business deductions. Wow. Just as a comparison, Northeastern’s finanacial aid came out to almost exactly what the NPC calculated. Also, if we didn’t have a business, and just made in income what our business made in income, we would have had plenty of financial aid, similar to NEU. So, because we have a business we are penalized. We will make an appt to talk to fin aid counselor at BC next week, but based on preliminary conversation, there will likely be no adjustments, it’s just their policy. Seriously. Well, there is no way my D will be attending there with virtually no financial aid. Your loss, BC.

Got our award online. I think it was very fair. Better than the NPC calculated. We have a loan out corp. Didn’t seem to hurt us. Thanks all for your help.

Anybody know how reliable the “conditional” offer is? It says that they will check the info again after enrolling, but that seems like a risk. Is it safe to assume that if all of the financial info is correct, then the conditional offer will remain?

i emailed and asked about conditional. Was told the only thing likely to affect it is other scholarships that students receive from other sources, both internal and external…

^^^ Yes. All those scholarships that seniors often get near high school graduation are usually deducted from the amounts colleges give you.

@jpm50, BC is like many other colleges in that they use outside scholarships to offset loans and work-study first, then after that they start reducing your grant. I personally think that UChicago had a better deal, though. When DD was a freshman, they offered to basically split the scholarship money with her - they would only reduce their grant aid by half of the amount of the scholarship, and she (we) would keep the other half to reduce our expenses. A win-win for both - and a GREAT incentive to go after those outside scholarships!

Also, we got the CSS and FAFSA in by mid-November, but the tax forms were delayed. When we went on the porta, there was no scholarship money except for loans and work-study. Since our NPC was less than half of of the cost of attendance (with 2 in college next year), I would have expected significant grant money. I’m guessing that they just don’t have the final details worked out. Is anyone else in this situation?