office of student services
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New Financial Aid System Implementation Update
Due to the ongoing implementation of the new financial aid system, disbursements of summer loan funds and summer departmental aid are behind schedule. If you have been notified of your summer aid eligibility and are expecting a refund after your bill has been paid, that refund is delayed. If this will cause you undue financial hardship, please contact the Office of Student Services to work out an interim solution. If you are paying your summer bill, you may deduct your award or department aid and pay the difference. We apologize for this inconvenience and thank you for your patience.
The 2014-15 FAFSA will now collect information from a dependent student's legal parents regardless of the parents’ marital status or gender, if those parents live together. It will provide a new option for dependent applicants to describe their parents' marital status as "unmarried and both parents living together." Additionally, where appropriate, the new FAFSA form will also use terms like "Parent 1 (father/mother/stepparent)" and "Parent 2 (father/mother/stepparent)" instead of gender-specific terms like "mother" and "father."
The U.S. Department of Education
IMPORTANT: Federal Student Loan Consolidation is FREE!
Recently there have been advertisements and infomercials on the radio and television regarding defaulted student loan debt relief . Private companies are stating they can help stop harassing collection calls as well as restore credit for defaulted student loan debt. These companies are promoting a service for a fee of up to $500. The federal government will do all of this for free. You can consolidate your loans by visiting www.loanconsolidation.ed.gov. DO NOT be fooled! DO NOT pay anyone to consolidate your loans.
Questions about default repair and federal loan consolidation may be answered by our own BC Loan Repayment staff. Call us 800-294-0294 if you have concerns or need assistance.
Student Loan Exit Interviews
All students who are planning to graduate in May 2014 and have borrowed Perkins, Nursing, Law School, Sharp, Bank of America, Graduate PLUS, or Stafford loans while attending Boston College must complete an Exit Interview prior to leaving the University.
Exit interviews will be loaded to the ECSI web site in mif March. All Borrowers will be notified via email when the site will be available for Exit completion.
For available dates, times, and locations of the Exit Interviews, visit the Exit Interviews webpage, or you may call the Office of Student Services at 617-552-3300 or 800-294-0294 and ask to speak with a member of the Loan Repayment staff.
The Office of Student Services offers a wide range of financial resources and information for Boston College students and their families. These resources include:
Financial Aid Information:
- Types of financial aid, how eligibility is determined, and how to apply for aid.
- Job opportunities for students
- Financial literacy initiatives.
Student Account Information:
Just click on any of the links to find the answers to your questions or to just learn about the financial services available in our office. And please don’t hesitate to contact us if you have any questions as you explore our site.
Want to learn more about federal financial aid? Visit studentaid.ed.gov
BC's Net Price Calculator (intended for first-time, full-time undergraduates)
Using the net price calculator, you can estimate your eligibility for financial aid from schools to which you plan to apply and estimate your out-of-pocket expenses.
IRS Form 1098-T Information
Certain tax benefits may be available to students who have incurred qualified expenses for higher education. To assist you in the determination of eligibility for an education tax credit, Boston College provides Form 1098-T.