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Financial Aid and Your Bill
The Bursar’s Office
Payment Options
FINANCIAL
AID AND YOUR BILL YOUR FINANCIAL AID BUDGET AND AWARD LETTER
ARE NOT THE SAME AS YOUR BILL. Each recipient of financial aid receives an
award letter which outlines a financial aid budget. This budget is our estimate
of your total educational and living expenses for the academic year. Each student
makes different choices and has individual expenses. Though a student may choose
to borrow to fund some expenses that are not included in her budget (a single
room or an extra trip home for Spring break, for example), we package each student
using the same basic assumptions. These assumptions are that a student will live
in a double, participate in the meal plan, and travel home once during the year.
The standard resident budget for 2008-2009 is $51,976. A student’s
financial aid can never exceed her budget and a student’s Barnard grant aid
is based on this generalized estimate of expenses. To arrive at Barnard grant
aid, the financial aid office subtracts the expected family contribution (EFC)
from the standard budget and then subtracts any self-help
expectation (an expectation of borrowing and work on the part of the student
for the year). Any remaining balance (also known as remaining need) is covered
by grant aid. Your Barnard bill reflects all charges payable to the College
for tuition, fees, room, and board. This is different from the financial aid budget
described above that includes expenses that are not reflected on your Barnard
bill (such as books). Billed charges for room and board reflect the student’s
housing and meal plan choices. All Barnard Grant aid, state aid, federal aid and
outside scholarship awards included on your award letter is credited to your bill
(subtracted from the amount due). In addition, if the student or the parent has
submitted a completed loan application, that amount will also be subtracted from
the student’s outstanding balance. The remaining balance should be paid by
August 1 for the fall term, and by December 1 for the Spring term. Federal
Work Study and Barnard College Job awards are paid through the payroll system
and any money earned is issued to the student in the form of a paycheck. This
paycheck can be used to help pay incidental expenses and living expenses. It can
also be used to pay outstanding balances on your bill. No paycheck is ever credited
directly to your Barnard bill. (Back to top)
THE BURSAR'S OFFICE The Bursar
is responsible for billing each student for the appropriate charges as well as
crediting grants, loans, and payments to the student’s bill. When you receive
your bill, please review both the charges and the payments being credited to insure
the amount due is correct. If you have questions about your bill, please contact
the Bursar’s Office directly.
| Bursar
Telephone: |
(212) 854-2026 | | FAX: |
(212) 854-3888 |
| E-mail: |
bursar@barnard.edu |
| Office
Hours: | 10
AM - 4 PM, Monday-Friday, 15 Milbank Hall | (Back
to top) PAYMENT OPTIONS There are
a number of different payment options available to families who have a balance
to pay. Families can make online payments, credit card payments or enroll in a
monthly payment plan. For more information on payment options, contact the Bursar's
Office. (Back to top) | 
