Budgeting and Awarding Procedures

Total Basic Budget

Students' financial aid packages are based on total educational costs incurred during the academic year. The Financial Aid Office will use the following budgets for first-year students in 2019-2020 to determine the eligibility of each applicant.

  Resident Commuter
Tuition and Fees: $58,068 $58,068

Room and Board*:

Lunches at College:





Books/Supplies: $1,150 $1,150
Miscellaneous: $1,370 $1,370
Total Basic Budget: $78,444 $62,373
  +travel +travel

*Room and Board budget for upperclass and transfer students is $15,691.

Barnard also gives each student an allowance toward travel to and from the College. For resident students who live outside of New York City we determine an allowance individually. For commuting students who require one fare each way for subway/bus we allow $900. For those who commute by train or by bus other than New York City subway/bus we allow an amount to equal eight monthly commutation tickets plus one-round-trip subway fare each day. The Financial Aid Office realizes that even though the above allowances are realistic, they may not reflect the exact expenses incurred by each student. The combined allowances will permit the student to meet her expenses at Barnard for the academic year. Any cost incurred above these allowances must be assumed by the student and her family.

Family Resources

After determining the budget for each financial aid applicant, the Financial Aid Office determines the amount each parent can reasonably be expected to contribute towards educational costs. The parents' contribution for Barnard aid is based on information supplied on the CSS Profile Form and documentation of all income and assets. The Financial Aid Office thoroughly reviews each application and may adjust a parents' contribution whenever there is reason to believe that information provided on the application form is incorrect or incomplete. The College will be the sole judge of financial aid to be granted from the College and may at any time withdraw or discontinue such aid. In addition to parental resources, each applicant is expected to provide a reasonable amount from her own assets and other resources to which she may be entitled, such as VA benefits and faculty remission grants.

Summer Earnings

Financial aid recipients are also expected to contribute toward their 2019-2020 college expenses from summer student income.

A student is usually able to meet her student income contribution from summer earnings. Some students may have higher expectations as a result of a federally mandated formula. If that is the case, the loan and/or job portion of the financial aid package will be reduced. The total grant portion of the package will remain the same.

A student who is unable to meet her minimum student income contribution should plan to replace the shortfall with increased parental support, additional academic year earnings or increased borrowing. Barnard cannot increase the total grant to cover a shortfall in the student income contribution.

Self-Help Expectations

Barnard expects each financial aid recipient to borrow and/or work during the academic year to pay for part of her college expenses. The Financial Aid Office has determined what each student is expected to provide through a loan and/or job based on a student’s grade level.

The total amount that a student receives through a loan and job award cannot exceed the self-help expectation. The only exception to this is in cases where the student was unable to provide her summer student income contribution.


To help fulfill self-help requirements, Barnard offers the following:

Federal Work Study Program (FWS)

Priority for participating in the FWS Program is given to students demonstrating the greatest need. This is a federally funded program and is only available to students receiving grant aid from the College. On- and off-campus jobs are arranged through Beyond Barnard.

Barnard College Job Program

Barnard provides a variety of on-campus jobs with priority given to students receiving aid directly from the College.

Placement Assistance for an Off-Campus Job

Beyond Barnard is available to assist students in finding the jobs most appropriate to their needs. Total earnings in this program are not monitored. These jobs may be career oriented and they include a wide range of opportunities.

A student who was offered a Barnard College Job, a Federal Work Study award, or an Off-Campus Job opportunity should make an appointment with a counselor in Beyond Barnard during the first week of the fall term to review job openings and to arrange for a job interview. Earnings are used throughout the academic year to pay personal expenses. First-year students work an average of 8 to 10 hours a week and returning students work 10 to 15 hours a week. A student working on campus is paid bi-weekly by Barnard College and each student working off-campus must negotiate directly with the employer on issues of schedule, salary and length of job.

Student Loans

Students borrow the loan portion of their self-help from the federal government via the:

Federal Direct Stafford Student Loan Program

Students apply for the Federal Direct Stafford Student loan. The Stafford loan can be subsidized (the government pays the interest while you are enrolled at least half time) or unsubsidized (you pay the interest or let it accrue while you are enrolled at least half time). A recommended loan amount will be included in your financial aid package. Annual maximums are $3,500 for first-year students, $4,500 for sophomores, $5,500 for juniors and $5,500 for seniors. Repayment begins 6 months after graduation or 6 months after dropping below half-time enrollment. Refer to the Federal Direct Stafford Student Loan instructions to apply for a loan.

Parent Loans

Parent loans are also available to assist families with the expected contribution outlined in the financial aid award.

Federal Direct Parent Loan for Undergraduate Students (PLUS)

PLUS loans are available to parents who would like to borrow all or a portion of the family contribution calculated by Financial Aid. PLUS loans are at a fixed rate of 7.079% for loans first disbursed on or after July 1, 2019 and prior to July 1, 2020.  Repayment begins 60 days after full disbursement.  Refer to the Federal Direct Parent Loan instructions to apply for a parent loan.  

Other Loans

Private or Alternative Loan Programs

Barnard will not process any request for private loan funding on behalf of the student or parent without first discussing all financing options available to the family. If you are considering private loan borrowing, please review the instructions on the Apply for a Loan page of our website.

Total Grant

The following formula is used to determine a student's grant aid:

Total Basic Budget minus Family Contribution (parents' contribution, student's income contribution, student's contribution from assets, employee benefits and other resources) = Financial Need

Financial Need minus Self-Help (Loan/Job) = Total Grant

Total Grant = Federal Pell Grant, state grants, Federal Supplemental Educational Opportunity Grant, Higher Educational Opportunity Program (HEOP) Grant, Barnard College Grant and all outside scholarships such as National Merit and High School Awards.