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QuikPAY® Payment Plan

monthly payment plan option

Budget Worksheet Information

When enrolling in a monthly payment plan, students and parents will use the budget worksheet in QuikPAY® to calculate the amount of their plans.  The budget worksheet is prefilled with default figures based on the student's school (undergraduate or law) and class level. In order to come to an accurate budget, students and families will need to adjust the default figures based on their individual situations. The information on this page will assist in the budgeting process.

Payment plan balances will be adjusted to match actual student account balances once charges and financial aid credits have been applied. Adjustments will begin in July for the fall semester and December for the spring semester. Changes to plan balances will be distributed evenly over the remaining payments for the semester. Appropriate notifications will be made prior to scheduled payment amounts being changed. In order to minimize the potential impact of balance adjustments, it is very important to complete the balance worksheet carefully at the time of enrollment.

Example of QuikPAY® Budget Worksheet

sample budget worksheet

Charges

Tuition and Mandatory Fees
These amounts are based on the student's school and class level and cannot be changed. Mandatory fees are charged only in the fall semester.

Room and Board (Undergraduate Students Only)
All incoming freshmen are changed the same rate for room and board. If the student is an incoming freshman, the default figures in the budget worksheet will accurately reflect these charges. If the student will be a commuter, the amounts for room and board should be changed to zero.

Returning undergraduate students are charged different room rates based on their respective residence halls. The worksheet defaults are an estimate and should be adjusted based on the table below.

Medical Insurance
All BC students are required to be covered by a health insurance plan. The amounts in the budget worksheet represent the cost of the Student Blue Plan, offered by Boston College in partnership with Gallagher Koster and Blue Cross Blue Shield. Students who are covered by a comparable plan may opt out of participation in the Student Blue Plan by submitting an annual waiver. If the student has or will waive the BC coverage, the amount in the worksheet should be changed to zero. For more information, please visit the medical insurance website.

Lab Fees
The default value for this field is zero. If a student is or will be registered for any course or courses that carry an associated lab fee, the appropriate charge should be entered.

  • Science Labs—$330.00 per lab per semester
  • Nursing Labs—$240.00 per lab per semester

Credits

Financial Aid
This field should be used to report the total of the student's financial aid awards for the corresponding semester. Work-Study awards should not be included as they do not credit to the student's account. If the student is expecting to receive any scholarship awards from sources outside of BC that are not already listed on his or her financial aid award, they should be included here. In addition, the student should notify the Financial Aid Office of the awards so that the aid package can be adjusted.

Alternative/PLUS Loans
This field should be used to report any approved loan applications that are not already included in the student's financial aid award. It is important to note that loan applications are subject to review by the Financial Aid Office. Payment plan balances should be reviewed once any loan applications have been processed.

529 Plan Payments
This field should be used to report any anticipated payments that will be made directly to BC from qualified 529 Plans. In addition to reporting these amounts on the balance worksheet, students or parents must notify the Office of Student Services of the source and amount of any anticipated payments so that a pending credit can be posted to the student account. The pending credit will then be factored in when the payment plan is later adjusted to match the student account balance.

Other Direct Payments
This field should be used to report any anticipated payments that will be made directly to BC apart from the payment plan process, e.g., payments from relatives. If these payments will not be made prior to the point when payment plan balances begin to adjust based on student account balances, students or parents must notify the Office of Student Services of the source and amount of any anticipated payments so that a pending credit can be posted to the student account. The pending credit will then be factored in when the payment plan is later adjusted to match the student account balance.

Room and Board Rates

Residence Hall Room Rate (per semester) Board Rate (per semester)
Upper Campus, Newton Campus, Greycliff, 66 Comm. Ave. $4,090.00 $2,503.00
Walsh $4,385.00 $2,503.00
Vanderslice, Stayer, 90 Campanella Way $4,605.00 $2,503.00
Ignacio & Rubenstein (6 person) $4,895.00 $0.00*
Mods, Ignacio & Rubenstein (4 person), Edmonds $5,045.00 $0.00*
Vouté & Gabelli - Apartments $5,245.00 $0.00*
Vouté & Gabelli -Townhouses $5,495.00 $0.00*

* Students living in residence halls with kitchen facilities are not charged for the mandatory board plan.  Flex dining plans are available.  For more information, please visit the Dining Services website.  If a student plans to purchase a Flex dining plan, the amount of the plan ($800.00 or $1,200.00) may be entered into the Board field on the worksheet.