applying for graduate financial aid
Only a few more things to take care of and you'll be ready for the year!
If this is your first year at BC or first time you are taking out federal loans, you must complete an Entrance Counseling and Master Promissory Note for each type of loan before the start of classes.
As mentioned in the "Getting Started" section, we may ask you for additional information to complete the verification process. Your aid is not final until the verification process has been completed and it is subject to change even after the bill has been issued.
Reduce Your Loan
If you would like to cancel or reduce a loan on the account, the borrower must notify us in writing before the end of the add/drop period for the semester.
- Students can edit their financial aid in the Award Notification.
- Awards must be disbursed equally per award period and reduced equally as well. An award period is generally two concurrent semesters.
- If you are starting in the summer, your award period is summer and fall. Your summer and fall loan disbursements must be disbursed equally and reduced equally. Spring is an award period by itself. If you start in the fall, then fall and spring is your award period.
- When reducing your award any balance must be paid first so that the loan amount can be returned.
Once you have changed the amounts, click the "Continue" button at the bottom of the page. You will need to enter your password in order for the changes to be sent. The changes are sent to your Financial Aid Counselor. As these changes are done manually, not electronically, please allow up to two weeks for them to be processed completely.
You've finished the financial aid process for this year!
We hope that this "how to" has been helpful. If you have any lingering or new questions, please contact us.