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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 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 鈥淣鈥� to 鈥淵鈥�.

Note: You can change from 鈥淣鈥� to 鈥淵鈥�, but if you鈥檇 like to change your selection from 鈥淵鈥� to 鈥淣鈥� 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鈥檙e registered for 12 credits and you need health insurance, total tuition and fees are $2,328 and the health insurance charge is $1,712 for a total of $4,040. Financial Aid is awarding you $3,500, after covering tuition and fees you have a credit of $1,172 (Financial Aid award $3,500, less tuition and fees $2,328 = $1,172):

• By selecting 鈥淵鈥� to the authorization - You鈥檙e allowing excess Financial Aid funds to help you with this charge resulting in a balance due of $540.00 (Excess Financial Aid $1,172, less health insurance of $1,712 = $540.00 balance due)
• By selecting 鈥淣鈥� to the authorization - You would be required to pay $1712 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 If unpaid you could potentially be withdrawn from your schedule or a hold will remain on your account until the charge is paid.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鈥檙e registered for 12 credits and you do not need health insurance, total tuition and fees are $2,328 and the health insurance charge is $1,712 for a total of $4,040. Financial Aid is awarding you $3,500, after covering tuition and fees you have a credit of $1,172:

• If you do not need health insurance, you would complete the online waiver on your accessBCC account (required to waive health insurance).
• By selecting 鈥淵鈥� to the authorization - If you need health insurance in the future, you鈥檙e allowing excess Financial Aid funds to help you with that charge when you need it.
• By selecting 鈥淣鈥� 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 contacting the Student Accounts Office at 774.357.2160.