The University's estimate of a student's financial need is based on an analysis of the information supplied on the appropriate documents listed above. A financial aid award or package will combine funds from various sources of assistance. These sources can include either institutional, federal or state funds and can be in the form of grant, loan or work. Several assumptions are made in determining a student's financial aid award. A primary assumption is that the student and the family have the first responsibility to pay college expenses.
Financial resources are limited.
It is Boston College's intent to use these limited resources in such a way that the greatest number of students will benefit. Total financial assistance received by a student cannot exceed total need. In the event that a student receives other outside assistance after Boston College has awarded aid, the student is required to report these awards to the Office of Student Services and the University may be required to adjust the aid it is offering. However, it is Boston College policy that the student will receive primary benefit from any outside award. Only after those considerations would scholarship or grant monies possibly be affected.