Understanding Your Financial Aid Information
We understand it can be overwhelming to navigate the world of financial aid. We're here to听help guide you through the process and make sense of your financial aid award offer.
Understanding Your Financial Aid Offer
The week of August 5, 2024, the financial aid portal is changing!
Why is the portal changing?
- To provide more informative and instructional details about the financial aid offered and the impact on costs
- Federal regulatory changes require certain consumer information be made available to students
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What is changing?
- An individualized breakdown of the elements that make up your cost of attendance
- Financial Aid broken down into categories of grants, loans, and campus employment (if applicable)
- Information on estimated net costs and out of pocket costs that will be owed to Boston College
- Details on the differences between grants, loans, and campus employment
- Additional information about important next steps and how to adjust the financial aid offer or provide information about additional outside funding
- New look to the printable financial aid offer
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What does all the new terminology on the new portal mean?
We have included a lot of new terms and details. Here is a deeper dive into what each term means:
Print
This term refers to the status of the current financial aid offer.
Conditional Status has two meanings:
- All undergraduate awards are listed as conditional until late May. The reason is that the final costs for the upcoming academic year are not determined until April, so the award is conditional because the award is based on estimated costs
- There is additional documentation required. Students can check their document status page for a breakdown of additional required information. (Some students may also need to provide a sibling enrollment or federal verification form. These documents are not added to the portal until July/August).