Prior to registration, student receives a pre-billing statement (invoice), which indicates the amount due and the due date. The pre-billing statement indicates balance due with pending financial aid.  This is a preliminary invoice.  Tuition is payable in full prior to the beginning of the semester.

Students who have any outstanding financial obligations to the institute will not be admitted, re-admitted or permitted to register. If already registered, these students will not be able to attend future classes, and grade reports, transcripts and diplomas will be withheld.      
The following items may appear on your invoice:

Previous Balance
This amount shows any outstanding balance with the institute from previous semesters. Any unpaid previous balance must be paid, along with current tuition and fees, to register for classes.

Tuition
Beginning September 1, 2008 the tuition charge at BFIT will be $13,350 per year for Associate Degree programs and $14,500 for the Bachelor Degree program. Per credit tuition is $557.00. Students are billed for tuition by semester.

Insurance Fee  (Non-refundable Fee)
Under the provisions of Chapter 23, Section 22, of the 1988 Massachusetts Health Security Act, each institution of higher education must require students taking nine or more credits to participate in the student health insurance program or submit waiver information showing participation in a health insurance program with comparable coverage. Students will find the waiver form at www.chpstudent.com. The website will be available for waiving beginning June 2, 2008 and ending October 15, 2008. For detail instructions on how to waive the insurance, click here.

The charge for student health insurance for the Fall semester 2008 is $375.00. This fee covers the period from August 28, 2008 to August 28, 2009 and is non-refundable.

This item reflects any payments you have made to the college. It includes the $100 deposit, if paid, and any tuition costs for the Fall  program 

Estimated Financial Aid Awards
This is a breakdown of any financial aid award estimates. If your financial aid is incomplete, the amount shown may not be applied to your balance. You must contact the Financial Aid office to complete your aid application or you will have no aid.

Withdrawals and Refunds
Students who find it necessary to withdraw completely from the Benjamin Franklin Institute of Technology must file an Official Withdrawal Form with the Dean of Academic Affairs Office. Absence from class is not the same as official withdrawal and does not reduce a student's financial obligation and may result in a final grade being recorded.

Upon receipt of the Official Withdrawal Form from the Dean of Academic Affairs Office, BFIT’s Business Office may make a partial tuition refund. The date on which such notice is received will be considered the effective date of withdrawal. Students failing to file an Official Withdrawal Form will be provided a refund consistent with Federal Regulations.

Federal regulations provide that students who are receiving federal student aid, and withdraw prior to completing 60% of the Semester, will have up to 100% of their Federal Title IV financial aid awards returned to the issuing agency. If withdrawal is past the 60% point of the Semester, the student will earn 100% of all financial aid. All other students are refunded according to the following schedule: