Financial Aid & Scholarships
We believe that a Boston College education is a worthwhile, but expensive investment. We know that applying for financial aid can be a confusing and lengthy process. We hope that the resources provided on this site will give you the tools and information necessary to help make a Boston College education possible. The financial aid staff is committed to working together with you as you navigate this process. Please let us know how we may help.
Financial Aid Mission Statement:
To serve as a bridge between students and their educational goals while fulfilling our responsibilities as stewards of federal, state, and institutional funds:
• Counsel – to provide an open and welcoming environment to serve our students in a student-centered culture with clear and effective communication, customer focus, and mutual respect.
• Access – to provide the tools and resources to help remove the financial barriers to accessing quality higher education.
• Equity – to treat each students and their families equitably, understanding that each situation is unique in its circumstances.
What is need-based financial aid?
Financial aid is a combination of grants/scholarships, loans, and work-study that helps you afford college. Need-based aid assumes that the student is responsible for the cost of education to the extent of their abilities and that financial aid will be used to supplement the effort of the student. It also assumes that need can be calculated with uniformity and equity using the Federal & Institutional Methodologies.
Who should apply for financial aid?
Boston College gives full financial aid consideration to United States citizens, permanent residents of the United States, and eligible noncitizens. We encourage all students to apply, regardless of financial need.
For federal aid purposes, a student is considered independent and will qualify for federal aid (Pell Grant, Direct Loans) based on that status if he/she is:
•24 years old
•serving on active duty in the US Armed Forces
•a parent with dependents
•An emancipated minor
•assigned a legal guardian before the age of 18
For institutional aid purposes, all undergraduates at Boston College are considered dependent. We recognize there are extenuating circumstances in which a student may believe they are independent but not meet the above criteria. We will only consider students independent in extreme circumstances. The student should submit a letter appealing dependency status to the Office of Student Services. The appeal letter should outline the student's relationship with his/her parents. We also require a letter from a third-party (counselor, teacher, social worker, lawyer for example) in support of the claim.
How do I apply for financial aid and Scholarship at the Woods College?
To apply for financial aid from all sources (federal, state, and institutional including Woods College Scholarships), please submit a Free Application for Federal Student Aid (FAFSA), Boston College Financial Aid Application, and prior year tax documents.
The links below will take you to the required forms.
• For students whose parents are divorced or separated, noncustodial parent information is required.
• For students whose parents are self-employed or own a business, the only requirement is the most recent year’s business tax return.
• When applying, you can check your application status anytime by visiting www.bc.edu/finaidapp.
To apply only for federal and/or state aid, you need to complete just the FAFSA and the appropriate BC Financial Aid application (graduate or undergraduate). Federal aid includes Pell Grants, Supplemental Educational Opportunity Grants, Direct Loans (both subsidized and unsubsidized), Perkins Loans, Nursing Loans, and Federal Work-Study. State aid varies by state. Once the FAFSA is completed, you may be selected by the Federal Processor for a process called verification, which means you will have to provide your actual tax data on the FAFSA through the IRS Data Retrieval Tool at www.bc.edu/irsdata.
Be sure to apply by Boston College’s deadline in order to receive full consideration for financial aid. We recommend reviewing the complete list of requirements with descriptions and deadlines at www.bc.edu/undergradaid or www.bc.edu/gradaid.
How do I apply for a Woods College Scholarship?
Scholarship funding is now administered through the financial aid and scholarship process outlined above. No additional application is required.
Additional online resources:
Application materials: www.bc.edu/undergradaid
Application status: www.bc.edu/finaidapp
Graduate Assistantship Opportunities:
Frequently asked questions: www.bc.edu/finaidfaq
Payment options: www.bc.edu/paymentoptions
Student employment: www.bc.edu/studentemployment
Student Services: www.bc.edu/studentservices
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