Billing - Office Of Student Services - Boston College

How to Complete the Budget Worksheets

See below for more details on how to complete the budget worksheet fields.

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.
• Housing:

Incoming freshmen: All incoming freshmen are charged the same rate for housing, and the budget worksheet will reflect these charges. Commuting students should contact the Office of Student Services for assistance adjusting the housing and food amounts.

Returning undergraduates: Returning undergraduates are charged different room rates based on their respective residence halls. The worksheet defaults are an estimate and should be manually adjusted. For more information, visit the Residence Hall Rates dropdown on the Tuition and Fees web page. 

• Food (undergraduate students only): The amount on the budget worksheet is the default amount for meal plans. If a student is selecting a different meal plan, this amount should be adjusted. Returning undergraduates living in residence halls with kitchen facilities are not charged for the mandatory board plan. If a student plans to opt out of the meal plan or purchase a Flex dining plan, the amount of food should be adjusted on the worksheet. 
• Medical Insurance: All BC students are required to be covered by a health insurance plan. The budget worksheet includes the cost of the student plan, offered by Boston College through UnitedHealthcare. Students who are covered by a comparable plan may opt out of participation in the student 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, visit the Medical Insurance web page.
• 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. For more information, visit the Laboratory Fees tab on Tuition and Fees web page.

 

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.
• Private/PLUS Loans: This field should be used to report any approved loan applications. 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.