Bristol Community College

Bristol Community College
http://bristolcc.edu/

Financial Aid Authorization to pay external charges

Students eligible to receive Financial Aid will have to authorize if they would like excess Financial Aid funds (if applicable) to pay other allowable education expenses that are considered non-institutional such as health insurance, ATI nursing test, and additional program expenses assessed on your tuition invoice. When logging into your accessBCC account, you should see a pop up box allowing you to make a selection. If you do not see the pop up, you can access the form by clicking on any Financial Aid tab and select Authorize Federal Student Title IV Funds or Change Authorization from “N” to “Y”.

Note: You can change from “N” to “Y”, but if you’d like to change your selection from “Y” to “N” you will need to contact the Student Accounts Office at ext. 2160.

How should I answer?
The choice is entirely up to you, here are some examples using the health insurance charge.

Example 1:
You’re registered for 12 credits and you need health insurance, total tuition and fees are $2,089 and the health insurance charge is $1,603 for a total of $3,692. Financial Aid is awarding you $3,500, after covering tuition and fees you have a credit of $1,411 (Financial Aid award $3,500, less tuition and fees $2,089 = $1,411):

  • By selecting “Y” to the authorization - You’re allowing excess Financial Aid funds to help you with this charge resulting in a balance due of $192.00 (Excess Financial Aid $1,411, less health insurance of $1,603 = $192.00 balance due)
  • By selecting “N” to the authorization - You would be required to pay $1603.00 out of pocket by the due date of the semester bill. If unpaid you could potentially be withdrawn from your schedule or a hold will remain on your account until the charge is paid.

Example 2:
You’re registered for 12 credits and you do not need health insurance, total tuition and fees are $2,089 and the health insurance charge is $1,603 for a total of $3,692. Financial Aid is awarding you $3,500, after covering tuition and fees you have a credit of $1,411:

  • If you do not need health insurance, you would complete the online waiver on your accessBCC account (required to waive health insurance).
  • By selecting “Y” to the authorization - If you need health insurance in the future, you’re allowing excess Financial Aid funds to help you with that charge when you need it.
  • By selecting “N” to the authorization - If you need health insurance in the future you would be required to pay the charge out of pocket by the due date of the semester bill. If unpaid you could potentially be withdrawn from your schedule or a hold will remain on your account until the charge is paid. Note: You can always change your selection by accessing the form through any Financial Aid link in your access BCC account.