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Financial
Aid Application Procedures
Budget for Barnard-JTS Double
Degree Students
Understanding Your Award
How
to Figure Out and Pay Your Bills
Refunds
Loan
Application Procedures
Frequently Asked Questions
Contact
Us
FINANCIAL
AID APPLICATION PROCEDURES Barnard-JTS Double Degree students
wishing to be considered for financial aid must apply to both programs for aid
and submit all required documents to the respective schools. Barnard's Financial
Aid Office packages all students accepted into the BC-JTS Double Degree program.
All award letters come from Barnard College outlining the combined budget from
both schools and the awards from both institutions.
Students wishing to
be considered for Barnard financial aid must fill out the same forms all first
year applicants complete BY FEBRUARY 1ST DEADLINE.
Students wishing
to be considered for JTS financial aid must:
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BUDGET
FOR BARNARD-JTS DOUBLE DEGREE STUDENTS A standard budget includes
the cost of tuition, fees, room, board, books, supplies and travel. For Double
degree students, the budgets are a combination of tuition, fees, and other costs
at both schools. In 2008-2009:
Full time at Barnard (12 points or more)=
$17,986 per semester
Full time at JTS (9 points or more) = $6,750 per semester Less
than full time registration at either institution results in per point charges
for any courses taken at that institution. Barnard: $1,200 per point
JTS:
$750 per point A sample budget for a typical double degree student would
include: | | Fall
Term | Spring
Term | Total | | Tuition
Barnard |
(7 points) $8,400 | (full-time)
$17,986 |
$26,386 | | Fees
Barnard |
783 | 783 | 1,566 | | Tuition
JTS | (full-time)
6,750 | (6
points) 4,500 | 11,250 | | Fees
JTS | 400 | 400 | 800 | | Rooms
& Board (at Barnard) | 5,963 | 5,963 | 11,926 | | Books | 573 | 573 | 1,146 | | Personal | 683 | 683 | 1,366 | | Total
Basic Budget | $23,552 | $30,888 | $54,440 |
Families
can use this sample budget to create an actual budget for the year.
Adjust
the number of credits at each institution for the semester and use either full
time tuition figures if taking at least 12 credits at Barnard or 9 credits at
JTS or per point tuition charges if taking fewer than 12 credits at Barnard or
fewer than 9 credits at JTS. All award letters are generated by Barnard
Financial Aid. Each letter will include an estimated budget until course registration
is complete. When registration is final, a revised financial aid award letter
will be mailed to the student's permanent address and posted to the Barnard financial
aid portal. Barnard Financial Aid will attempt to contact each Double Degree
student to determine the number of anticipated points at each school for the term.
As registrations change, so will budgets and financial aid awards. Contact Barnard
Financial Aid as those changes occur so that the aid package can be updated.
(Back
to Top) UNDERSTANDING
YOUR AWARD Budget: Each student has an
estimate of academic year expenses, or a budget, which includes all essential
expenses such as tuition, fees, room, board, books and personal expenses. Every
student will have a slightly different budget depending on the number of credits
she is taking at each institution. In addition to a budget, Barnard
calculates a family contribution. This family contribution is based on
standard formulas that estimate how much each family can contribute to their daughter’s
education. The family contribution is constant and is based on the financial information
submitted to both schools on the FAFSA and CSS profile form with supporting tax
documentation. The family contribution numbers only change if a family requests
a reconsideration of aid based on a change in circumstances. A student's budget
does not affect the family contribution. The budget is established
and a family contribution is calculated. Each student also has self-help (a loan
and a job) that she is expected to contribute to her own education. In 2008-2009,
the self-help contribution for most first-year students is $4,800 ($3,000 loan
and $1,800 job). The grant aid you receive is calculated by taking
the established budget, subtracting the family contribution and the self-help.
The remaining amount (or need) is your grant aid for the year. For
a family with a $14,000 family contribution and a total budget of $54,440 for
the year (budget above), the grant would be calculated as follows: |
Budget: |
| $54,440 | | Family
Contribution | - | 14,000 | |
|
| $40,440 | | Self-Help | - | 4,800 | | Grant | = | $35,640 |
Half
of this grant will come from Barnard, and half will come from JTS. Your financial
aid award letter, sent to you by Barnard’s Financial Aid, will reflect the
total grant aid you are receiving from each school. (Back
to Top) HOW
TO FIGURE OUT AND PAY YOUR BILLS Once you know how much grant
aid you are receiving from each school, you can figure out how to pay your bill.
You will receive a bill from Barnard and a separate bill from JTS. The
Barnard bill will reflect all tuition and fee charges for the semester from Barnard
only and will credit any grant aid from Barnard to your Barnard account. All loans
you have applied for are processed by Barnard and will appear on your Barnard
account as a credit. The Barnard bill will also reflect a room and board charge
if you are living in the Barnard dorms and have a Barnard meal plan. The
JTS bill will reflect all tuition and fee charges for the semester from JTS only
and will credit any grant aid from JTS to your JTS account. The JTS bill will
also reflect a room charge if you are living in JTS housing.
(Back
to Top) REFUNDS
If
you are receiving more financial aid from one school than will be charged to you
for that semester, you will be eligible for a refund of the excess aid. More often
than not, there is then an outstanding balance at the other school which will
need to be paid. We suggest that students bring the refund checks from one institution
to the Bursar's office at the other institution to sign them over directly to
cover any outstanding balance that may be due. (Back to
Top)
LOAN APPLICATION
PROCEDURES
All loans for double degree students are processed
by Barnard College. All loan proceeds are delivered electronically to Barnard
College by the lender of your choice. If the loan proceeds constitute an overpayment
of the outstanding balance at Barnard, a refund will be issued. If a student still
has outstanding charges at JTS, the refund check can be signed over to the JTS
bursar to cover the balance due. Students interested in borrowing a Stafford
loan should click
here for procedures and a list of required documents. Parents interested
in borrowing a Parent Loan for Undergraduate Students (PLUS) should click
here for procedures and a list of required documents.
(Back
to Top) FREQUENTLY ASKED
QUESTIONS
Q. Barnard's policy brochure states that only full-time
students are eligible to receive Barnard College grant aid. If I am taking 6 points
at Barnard and another 6 at JTS, am I eligible for a Barnard College grant?
A.
Yes. As long as the combined number of points taken at Barnard and JTS is at least
12, you are eligible for a Barnard College grant. Q. How is my budget
determined if I decide to live at JTS?
A. The room and board allowance
for JTS residents in 2008-2009 is $11,700. Any student wishing to live in JTS
housing should notify Barnard Financial Aid to make sure that the financial aid
budget reflects the correct costs using the JTS figure. Q. What happens
to my financial aid package if I want to live off-campus?
A. Students not
residing in JTS or Barnard housing are considered commuters and are given a budget
that includes only a lunch budget, not a housing budget. This reduces a student's
budget and consequently their financial aid by approximately $10,000 for the year. Q.
What if I need more than four years to complete my double degree program?
A.
Barnard offers all students a maximum of 8 semesters of financial aid. Therefore,
only JTS funding would be available after the 8 semesters has been exhausted. Q.
Sometimes JTS offers merit aid. If I get a merit award, how does that affect my
financial aid?
A. Barnard's policy is to treat merit awards as outside
scholarships, and this includes merit awards from JTS. All merit awards first
reduce the loan and job portion of the financial aid package so that it is always
to a student's advantage to receive an outside scholarship. Q. Can I
use the refund I receive from JTS to pay for Barnard?
A. Yes. If your aid
from JTS covers your outstanding balance and allows for a refund JTS will issue
you a refund check. If you have an outstanding balance at Barnard, you can bring
the refund check to the Barnard Bursar's Office on the ground floor of Milbank
Hall and sign the check over to help pay the remaining balance. Barnard's Bursar
is open between 10am and 4pm, Monday through Friday.
(Back
to Top)
CONTACT US
Please
call or email with any questions you have about your award or your bill. Barnard
Financial Aid
finaid@barnard.edu
212-854-2154 JTS Financial Aid
financialaid@jtsa.edu
212-678-8000 Barnard Bursar
bursar@barnard.edu
212-854-2026 JTS Bursar
bursar@jtsa.edu
212-678-8000 (Back
to Top) | 
