How will the upperclass board allowance for financial aid work?
The board allowance in the financial aid student budget is one of several factors used to determine the amount of your grant, along with your family’s expected contribution and other fees and expenses. The higher board allowance for juniors and seniors compared to the standard University meal plan rate in freshman and sophomore awards means a larger grant – $1,560 more in 2008-09. Your entire financial aid grant is applied as a credit on your student account, reducing your University charges. The dining option you select will affect your payment arrangements in the following ways: • If you join an eating club (including if yousign a shared club/college meal contract), go independent, or join a food co-op, there will be no board charge from the University on your student account. Your aid credits, however, will continue to be based on a student budget of expenses that includes thehigher board allowance. For most students this results in less of your family contribution due as payment on
The board allowance in the financial aid student budget is one of several factors used to determine the amount of your grant, along with your family’s expected contribution and other fees and expenses. The higher board allowance for juniors and seniors compared to the standard University meal plan rate in freshman and sophomore awards means a larger grant – $1,620 more in 2009-10. Your entire financial aid grant is applied as a credit on your student account, reducing your University charges. The dining option you select will affect your payment arrangements in the following ways: • If you join an eating club (including if you sign a shared club/college meal contract), go independent, or join a food co-op, there will be no board charge from the University on your student account. Your aid credits, however, will continue to be based on a student budget of expenses that includes the higher board allowance. For most students this results in less of your family contribution due as payment
