Award Letter & Payments
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CONTACT DETAILS
Â鶹ӰÊÓ Financial Aid
All Locations
FinancialAid@Â鶹ӰÊÓCC.edu
774.357.2515
See Financial Aid page to make an appointment
UPCOMING EVENTS
Â鶹ӰÊÓ Financial Aid Award Letter
Once your financial aid file is complete, you will receive an award letter showing your estimated financial aid package. Review the letter carefully. The award offer is valid only for the enrollment level specified on the letter. Contact the Financial Aid Office if you expect your enrollment to be different from what is specified on the letter. In most cases, the award offer will fluctuate with enrollment changes. Follow-up on any comments listed or additional information requests.
MASSGrant Notices
The Massachusetts Department of Higher Education Office of Student Financial Assistance
(OSFA) will notify you directly of your MASSGrant eligibility. Letters received from
OSFA refer only to the MASSGrant, and will not affect other assistance offered by Â鶹ӰÊÓ. For example, if you receive
a notice from OSFA that you are not eligible for the MASSGrant due to "EFC Too High"
or any other reason, the denial is for the MASSGrant only and will not affect any
other financial aid offer (Pell Grant, Direct Loans, etc). For more information regarding
MASSGrant program guidelines, .
Awarding Criteria and Amounts
Financial aid recipients are selected and awarded based on calculated financial need
using standards developed by the U.S. Department of Education to estimate a fair student
and family contribution. The Federal Pell Grant Program provides grants to low-income
students and the award value is based on the federal expected family contribution,
(derived using the Free Application for Federal Student Aid [FAFSA]) and the student’s
enrollment level. Other grant and loan funds are awarded to students based on financial
need, enrollment level, and the availability of funds. Financial aid funds are awarded
on a rolling basis using the criteria established for each fund, such as residency,
enrollment level, and calculated financial need. As funding permits, the Financial
Aid Office strives to provide assistance to meet each eligible applicant’s direct
educational costs.
Â鶹ӰÊÓ Campus Card
The Campus Card is used for financial aid book advances, Â鶹ӰÊÓ $, and Green Print $.
You can view your Â鶹ӰÊÓ Campus Card balance and transactions through your myÂ鶹ӰÊÓ account or via the Â鶹ӰÊÓ Mobile app. To view through your myÂ鶹ӰÊÓ account, log in, click on the Campus Card tab, log in again at the eAccounts Login, using your same myÂ鶹ӰÊÓ log in information. To view using the Â鶹ӰÊÓ Mobile app,
follow the download directions outlined in myÂ鶹ӰÊÓ at the Campus Card tab.
Book Advances
The Â鶹ӰÊÓ Campus Card is needed for the book advance program. For more information
on Book Advances, visit the Helpful Information page.
Financial Aid Distribution
Select your refund preference by logging into your myÂ鶹ӰÊÓ account and selecting BankMobile Disbursements. Your financial aid award is first applied to outstanding charges and any advances you've received, such as book charges. So, if your financial aid award is greater than your charges, you will receive a payment in the amount of the excess funds.
Your account will show an estimated disbursement date which reflects the date the college expects to receive payment from federal and state agencies. This is not the date you can expect to receive a payment. Awards, enrollment, and charges are verified and payments are then made to students. Funds are distributed within fourteen days of receipt.
For the Fall semester, financial aid payments begin in November; for the Spring semester, payments begin in March; for the Summer semester, payments begin in August. The Student Accounts Office will notify you through your myÂ鶹ӰÊÓ email account when the payment is available. The payment dates are posted on the campus event calendar.
The Student Accounts Office processes most refunds with BankMobile Disbursements,
a technology solution, powered by BMTX, Inc. The funds will be distributed to you
based on the refund preference you select with BankMobile.
Loan Payments
Loans are made in two payments. As is the case with all financial aid, the payment
is applied to your charges first; any remaining funds are then paid to you. If you
are attending in the Fall and Spring, you will receive a payment in the Fall and a
payment in the Spring. If you are attending for one semester only or if your loan
is for a single semester, the loan will still be made in two payments – usually, half
of the loan is paid around mid-semester and the second half is paid about one month
later. Promissory notes and entrance counseling must be complete before payments can
be authorized.
Monthly Payment Plan
Â鶹ӰÊÓ offers the convenience of a monthly payment plan for tuition and fee charges.
For more information, call Student Accounts at 774.357.2160. .
Health Insurance Waiver
State law requires students enrolled in nine credits or more to have health insurance.
You can waive this charge through myÂ鶹ӰÊÓ if you are being charged for health insurance on your bill and can demonstrate you
already have health insurance. For more information, call Student Accounts at 774.357.2160. Learn more about insurance information here.
BankMobile Disbursements Refund Selection
Â鶹ӰÊÓ delivers your refund with BankMobile Disbursements, a technology solution, powered by BMTX, Inc. Visit this link for more information: . To view our third-party servicer contract for refund management, .
Â鶹ӰÊÓ will issue a refund to your selected refund preference if you receive a financial aid refund or paid for a class subsequently canceled.