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International Students Financial Aid Award Guide

How and When Will I Receive My Financial Aid?

  • For Conservatory scholarships and loans our office reviews your enrollment and other eligibility criteria and authorizes payment to your student account.
  • Your awards may increase, decrease, or be canceled, depending on these eligibility reviews.  If your aid is canceled for any reason, you are responsible for paying all tuition, fees, and room and board charges you have incurred.  Credited funds are applied to your unpaid balance.
  • Financial aid is credited to the student’s accounts approximately two weeks after the end of the add/drop period.  If your credited aid exceeds TBC charges, then you may be eligible for a refund check.  Refund checks are usually available one month after the start of classes.
  • If your charges exceed your aid, you must pay the balance.

How Many Credits Do I Need to Take?

Awards cannot be disbursed until you have registered for the minimum number of credits.  If you fall below these minimum credit requirements by dropping or withdrawing from classes, your awards may be canceled or reduced.

  • Most loans require at least half time enrollment.  6 credits is half time enrollment for undergraduates.  Graduate students should check their individual program for half time enrollment information.
  • Conservatory Scholarships require full time enrollment.  For undergraduates full time enrollment is at least 12 credits.  Graduate students should check their individual program for full time enrollment information.

What Else Do I Have To Do To Receive and Keep My Conservatory Scholarship?

  • Satisfactory Academic Progress for Scholarships

To remain eligible for your Conservatory Scholarship you must meet the Scholarship Satisfactory Academic Progress standards.  Scholarship SAP standards include:

1.  2.7 cumulative Grade Point Average (GPA)

2.  3.0 GPA in your major classes

3.  Completion of full time # of credits.  Full time enrollment for undergraduate students is 12 credits.        Graduate students should check their individual program for information on full time enrollment. 

 

  • Scholarship Probation

Students who don't pass the academic requirements listed above will go on Scholarship Probation.  They will receive their scholarship for one semester while they attempt to pass the requirements.   If they don't pass the requirements, they will go on Scholarship Suspension and lose their scholarship.

 

  • Scholarship Suspension Appeal

Students on Scholarship Suspension may appeal their status.  They would need to write the Director of Financial Aid within 14 days of receiving notification of their suspension.  In their appeal, they should write why they didn't succeed and how they plan on succeeding in the future.  Verification may be requested.  If their appeal is successful, then they will be given an extra semester of Scholarship Probation.  If they don't pass their requirements during the extra semester, they will go on Scholarship Suspension again.  Second appeals are seldom heard. 

 

  • Annual Reapplication Requirement

There is NO reapplication requirement, you must, however, maintain Scholarship Satisfactory Academic Progress.

What Happens If I Drop, Withdraw, or Change Grading Method to Audit?

  • Your award letter lists the amount of financial aid you will receive for various levels of enrollment.  You can not receive aid for Audited courses or courses that are dropped before the add/drop date.
  • A course is considered “dropped” if you withdraw before the add/drop date.  There are no charges for dropped courses.
  • If you withdraw from a course after the add/drop date, it is a “withdrawal.”  You will be charged for “withdrawn” courses, and withdrawals can lead to violations of the Scholarship SAP Policy.
  • If you withdraw from all your courses or stop attending them, you will be charged a portion of your tuition.  See below:

The Boston Conservatory Withdrawal and Refund Policy 

Refunds are calculated for the fall and spring semesters using the following schedule:

Termination Date Refund Student Obligation
Before the first day of classes 100% 0%
Within 10 class days 80% 20%
Within 15 class days 60% 40%
Within 20 class days 40% 60%
Within 25 class days 20% 80%
After 25 class days None 100%

Refunds are calculated for the Institute for Music Education (Summer) by the following schedule:

 

Termination Date Refund Student Obligation
Before the first day of classes 100% 0%
Within 3 class days 80% 20%
Within 4 class days 60% 40%
Within 5 class days 40% 60%
Within 6 class days 20% 80%
After 6 class days None 100%

 

The application fee and deposits toward tuition and/or room and board are not refundable. No fees are returned after the start of classes. The refund policy as stated above applies to tuition, room, and board charges only.

What does it cost to attend The Boston Conservatory?

The Cost of Attendance includes actual costs such as tuition and fees and room and board (if on campus) and estimated costs such as books, supplies, room & board (if not on campus), transportation and miscellaneous expenses.  You may not receive financial aid in excess of your Cost of Attendance.  Most international students do not receive financial aid in excess of their tuition and fees  

The Cost of Attendance elements in the 2011/2012 academic year are:

Undergraduate 

  • Undergraduate Tuition               $35800
  • Fees                                         $1710
  • Books & Supplies                       $750
  • Books & Supplies for dancers   $3500
  • Dormitory Cost                             $10700
  • 15 meals a week plan                $5730
  • Misc Expenses on campus         $3337
  • Living Expenses off campus       $18889

Graduate

  • Graduate Tuition
    • MM Performance             $33800
    • MM Opera & MTH            $35800
    • GPD Performance           $21700
    • GPD Opera                       $33600
    • ADP                                   $21500
    • Music Education               $1480 per credit
  • Graduate Fees                            $1710
  • Graduate Books & Supplies      $750
  • Dormitory Cost                            $10700
  • 15 meals a week plan        $5730
  • Misc Expenses on campus       $3337
  • Living Expenses off campus     $18889

Additional costs if required

  • • Medical Insurance (est)           $1870     (mandatory if student doesn’t have medical insurance)3
  • • Orientation Fee                         $388 (for first year students)
  • • Evacuation Fee                         $80         (for international students)
  • • Applied Lesson                         $1700     (only if taken)
  • • Graduation Fee                         $340       (charged in last semester before graduation)

Miscellaneous Expenses on campus includes travel and miscellaneous items.  Living Expenses off campus include room & board, travel and miscellaneous items. Miscellaneous expenses include toothpaste, laundry detergent, soap etc… Students living on campus are required to have a meal plan.  Students living off campus can buy a meal plan.  5, 10, 15 and 19 meal a week meal plans are available for on and off campus students.  These are the  costs for these plans:

  • 5 meals           $2540 (not available to freshmen), 
  • 10 meals         $4970
  • 15 meals         $5730
  • 19 meals         $6190.

Students may take out additional funds to cover their complete Cost of Attendance.  To determine how much you can borrow, subtract the financial aid on your award letter from your total Cost of Attendance.  Please note that you need not borrow up to your entire Cost of Attendance.  You should only borrow what you’ll need.

Award Descriptions and Requirements

All funds on the award letter are for the entire academic year.  Half of the fund will be used for the fall and the other half for the spring:

Conservatory Scholarships

These scholarships are offered to incoming students based on an appraisal of ability and potential, academic standing and overall student citizenship as evaluated by the faculty, department heads and the scholarship committee.  The audition is key to receiving a Conservatory Scholarship.  Need may be taken into consideration, but only if the audition warrants it.  

Full tuition scholarships cover the cost of tuition, the Orientation fee, the General Student Fee, the Activity Fee and the Health Center Fee.  Room and board, medical insurance, the Medical Evacuation Fee and the Graduation Fee are NOT covered by a full tuition scholarship.

Returning Student Scholarships

These scholarships are for returning students.  Returning students may apply for these scholarships by filling out the application form and providing translated verification of income.  The criteria are need and to a lesser extent, merit.  Applications become available in February and the deadline is usually the first week of May.

Music Education Scholarships

The Music Education Scholarships are merit based and are determined by the Music Education Admissions Committee from a review of all application materials and the interview/audition. They are awarded per credit.

Music Education Tuition Assistance Grant

Music Education TAGs are awarded in the amount of $335 per credit for students who are enrolled in another Conservatory program when they apply to the Music Ed Program OR who have completed a Conservatory program within 2 years of applying for the Music Ed Program. All other students are awarded $135 per credit.

Tuition Assistance Grant

TAGs are also awarded to students with exceptional circumstances.  Exceptional TAGs are for one year only.

The Bill

The bills go out in June and November.  Your financial aid will be listed on your bill as “Expected Funding”.  The Expected Funding will be subtracted from the total as long as the award letter has been signed and returned along with all requested documents.   If all requested documents have not been sent, then your financial aid will not show up on your bill.  If your financial aid does not show up on the bill and you have not paid your balance, you will receive a late fee of $200.  If you do not have enough financial aid to cover your bill, then you must find the money another way (private loans, outside scholarships, own funds).  If you do not have funding in place by the deadline, then you will receive a late fee of $200.  

Most students do not get enough financial aid on their award letter to cover their balance.  In that situation, there are the following options:

Private/Alternative Educational Loans

Private loans from the US are available to international students, but most of these loans require a credit worthy co-borrower, who is a U.S. citizen or Eligible non-citizen (green card holder). There are a variety of private educational loans with different fees and interest rates.    These loans must be certified by the school and the funds come directly to the school.  Any student who wants a private loan for just a semester, MUST let the financial aid office know.  Please click here for a list of private education lenders:  http://www.studentlendinganalytics.com/alternative_loan_options.html.  Please note that you are not required to use one of these lenders.

Direct to Consumer Loans

DTC loans from the US are marketed directly to the student and do not require the school’s certification. These loans usually require a credit-worthy co-borrower. For international students, this co-borrower must be a U.S. citizen or Eligible non-citizen (green card holder). These loans usually have a higher rate of interest and/or higher fees.  The check is made out directly to the student and not the school.  Because the checks go directly to students, these loans are not counted as Expected Funding on the bill.  This may result in a late fee of $200.

TuitionPay Payment Plan

The TuitionPay plan is an interest-free, debt-free way to spread tuition payments over a number of months within the academic year.   You can make your payments by check, credit card or eCheck or you can have the payments automatically deducted from your checking or savings account.  Please call 800-635-0120 or visit www.TuitionPay.com for more information.

What are the Satisfactory Academic Progress (SAP) Standards?

To remain eligible to take classes at The Boston Conservatory, you must comply with the college-wide Satisfactory Academic Progress Policy.   

1. Grade Point Average

Freshmen must maintain a cumulative and semester GPA of 1.7 or better.

All other Undergraduates must maintain a cumulative and semester GPA of 2.0 or better.

Graduate students must maintain a cumulative and semester grade point average of 3.0 or better.

2. Course Completion Rate (Avoid Excessive Withdrawals)

You must complete at least 67 percent of all cumulative and semester attempted credits.  Credits for withdrawn, failed, incomplete, repeated, completed and transfer classes are considered “attempted”.  As are credits for ESL classes and all credits attempted during periods when you did not receive financial aid.  A class is considered “completed” if you have earned a grade of “D” or better.  Withdrawn courses count as unsuccessful attempts. 

3. Complete Degree Before Exceeding Attempted Credit Limit

You must complete your program of study within 150 percent of the published time frame.  Transfer credits count against your 150% limit.   If you complete the requirements for one degree or certificate, you may be able to receive aid for additional programs of study.

Satisfactory Academic Progress will be evaluated at the end of every semester.  Students who are not meeting the SAP standards will be placed on Academic Suspension or Probation.  Students on Academic Probation may still attend class.  They have one semester to make the required standards before being placed on Academic Suspension. Suspended students may appeal their status.   The Satisfactory Academic Progress (SAP) Committee will review all 5 completed appeals.  Approved students will be granted Academic Probation status and will be eligible to attend class during the next semester.  

For more information on this and other policies, please see the Student Handbook.

The Boston Conservatory Office of Financial Aid

Phone: 617-912-9120
E-Mail: finaid@bostonconservatory.edu
Fax: 617-912-9217

Office Hours
Monday through Friday - 9:00 am to 5:30 pm

Summer Office Hours
Monday through Thursday - 9:00 am to 5:30 pm
Friday - 9:00 am to 1:00 pm

Other Phone Numbers

TBC Bursar’s Office - (617) 912-9164

TBC Registrar’s Office  - (617) 912-9169

TBC Office of International Student Affairs - (617) 912-9154

Other Financial Aid Web Sites

 

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