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Boston College Aid

Boston College Institutional Funds

Assistantships, Fellowships, and Scholarships are awarded by the individual graduate schools. Please check your individual graduate school's website for information and deadlines to apply for these types of aid.

Students are notified directly by their graduate school or department if they have received one of these awards. Recipients are encouraged to send a copy of their award letters or emails to the Office of Student Services. This will enable our office to calculate a more accurate financial aid award. Aid received from a graduate school will be estimated on the financial award based on the notification received from the student. Actual awards will be sent electronically from the departments later in the semester and be credited to your student account.

Adjustments to a student's Federal financial aid award could be made at any time after the start of the academic year, depending on when information is received from the department. These adjustments could necessitate the repayment of loan funds that have already been disbursed to the student.

Tuition Remission

Tuition remission is awarded to assist students in the pursuit of their degree. It requires no service (work) at Boston College, nor is it subject to federal or state income tax withholding by Boston College, but it must be declared by the recipient as taxable income in accordance with current federal tax law. The value of the tuition credits awarded is credited to the student's account. This award could affect the amount of federal financial aid a student is eligible to receive. Recipients should refer to the letter sent to them by their academic department or graduate school for specific information about their award.

Service Stipend

This award requires service to an academic or administrative department at Boston College. It requires no more than 20 hours of work per week. The amount of compensation varies but is paid over the course of the academic year, and it is subject to federal and state income tax withholding. It does not affect the amount of federal financial aid that a student is eligible to receive. Recipients should refer to the letter sent to them by their academic department or school for specific information about requirements.

Non-Service Stipend

This award is to aid students in pursuit of their degree, and it requires no service (work) at Boston College. The stipend is generally distributed in two equal amounts, one amount at the start of each semester. Non-service stipends are not subject to federal or state income tax withholding by Boston College, but recipients must declare them as taxable income in accordance with current federal tax law.

This type of stipend could affect the amount of federal financial aid you are eligible to receive during that period, because it is awarded to assist students with expenses while in school. Recipients should refer to the letter sent to them by their academic department or school for specific information. Please note: Some or all of the institutional awards you receive may be taxable. Please consult the Internal Revenue Service (IRS) or a tax professional for further information about your specific tax situation.

 

Note: All information contained on this page is subject to change and final regulation by the Department of Education or Boston College.