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For help filling out the 2024-2025 Federal Application for Student Aid (FAFSA), see the video resources below.

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More Aid Application Resources

Code of Conduct Related to Student Loan Activities

Policy Statement

Bennington College, as a participant in federal loan programs, is required to have a code of conduct applicable to the institution’s officers, employees, and agents. The code of conduct requirements are set forth in the Higher Education Opportunity Act (HEOA) signed into law on August 14, 2008. Bennington College has adopted conflict of interest and commitment policies, but the Code of Conduct Related to Student Loan Activities is an additional requirement specific to certain transactions and related matters. In addition, the law includes requirements related to annual disclosures.

Reason for Policy

The HEOA program participation agreement, which must be executed by all institutions participating in Title IV financial aid programs including student loan programs, requires a code of conduct with which the institution’s officers, employees, and agents shall comply. Such code must prohibit a conflict of interest with the responsibilities of an officer, employee, or agent of an institution with respect to such loans, and include the provisions set forth in the HEOA related to conflicts. The law further specifies that the code shall be displayed prominently on the institution’s website and that all employees and agents with responsibilities related to such loans be annually reminded (and review) of the code of conduct.

Code of Conduct

Bennington hereby adopts the following provisions from the HEOA, Section 493 as its Code of Conduct Related to Student Loan Activities and will annually inform all institutional officers, employees, and agents with responsibilities for student loan activities and decisions of the provisions of this code. This code is supplemental to existing university policies related to conflicts of interest and commitment.

(1) BAN ON REVENUE-SHARING ARRANGEMENTS.—

  • (A) PROHIBITION.—The institution shall not enter into any revenue-sharing arrangement with any lender.
  • (B) DEFINITION.—For purposes of this paragraph, the term ‘revenue-sharing arrangement’ means an arrangement between an institution and a lender under which—
    • (i) a lender provides or issues a loan that is made, insured, or guaranteed under this title to students attending the institution or to the families of such students; and
    • (ii) the institution recommends the lender or the loan products of the lender and in exchange, the lender pays a fee or provides other material benefits, including revenue or profit-sharing, to the institution, an officer or employee of the institution, or an agent.

(2) GIFT BAN.—

  • (A) PROHIBITION.—No officer or employee of the institution who is employed in the financial aid office of the institution or who otherwise has responsibilities with respect to education loans, or agent who has responsibilities with respect to education loans, shall solicit or accept any gift from a lender, guarantor, or servicer of education loans.
  • (B) DEFINITION OF GIFT.—
    • (i) IN GENERAL.—In this paragraph, the term ‘gift’ means any gratuity, favor, discount, entertainment, hospitality, loan, or other item having a monetary value of more than a de minimis amount. The term includes a gift of services, transportation, lodging, or meals, whether provided in kind, by the purchase of a ticket, payment in advance, or reimbursement after the expense has been incurred.
    • (ii) EXCEPTIONS.—The term ‘gift’ shall not include any of the following:
    • (I) Standard material, activities, or programs on issues related to a loan, default aversion, default prevention, or financial literacy, such as a brochure, a workshop, or training.
    • (II) Food, refreshments, training, or informational material furnished to an officer or employee of an institution, or to an agent, as an integral part of a training session that is designed to improve the service of a lender, guarantor, or servicer of education loans to the institution, if such training contributes to the professional development of the officer, employee, or agent.
    • (III) Favorable terms, conditions, and borrower benefits on an education loan provided to a student employed by the institution if such terms, conditions, or benefits are comparable to those provided to all students of the institution.
    • (IV) Entrance and exit counseling services provided to borrowers to meet the institution’s responsibilities for entrance and exit counseling as required by subsections (b) and (l) of section 485, as long as—
    • (aa) the institution’s staff are in control of the counseling, (whether in person or via electronic capabilities); and
    • (bb) such counseling does not promote the products or services of any specific lender.
    • (V) Philanthropic contributions to an institution from a lender, servicer, or guarantor of education loans that are unrelated to education loans or any contribution from any lender, guarantor, or servicer that is not made in exchange for any advantage related to education loans.
    • (VI) State education grants, scholarships, or financial aid funds administered by or on behalf of a State.
    • (iii) RULE FOR GIFTS TO FAMILY MEMBERS.—For purposes of this paragraph, a gift to a family member of an officer or employee of an institution, to a family member of an agent, or to any other individual based on that individual’s relationship with the officer, employee, or agent, shall be considered a gift to the officer, employee, or agent if—
    • (I) the gift is given with the knowledge and acquiescence of the officer, employee, or agent; and
    • (II) the officer, employee, or agent has reason to believe the gift was given because of the official position of the officer, employee, or agent.

(3) CONTRACTING ARRANGEMENTS PROHIBITED.—

  • (A) PROHIBITION.—An officer or employee who is employed in the financial aid office of the institution or who otherwise has responsibilities with respect to education loans, or an agent who has responsibilities with respect to education loans, shall not accept from any lender or affiliate of any lender any fee, payment, or other financial benefits (including the opportunity to purchase stock) as compensation for any type of consulting arrangement or other contracts to provide services to a lender or on behalf of a lender relating to education loans.
  • (B) EXCEPTIONS.—Nothing in this subsection shall be construed as prohibiting—
    • (i) an officer or employee of an institution who is not employed in the institution’s financial aid office and who does not otherwise have responsibilities with respect to education loans, or an agent who does not have responsibilities with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education loans;
    • (ii) an officer or employee of the institution who is not employed in the institution’s financial aid office but who has responsibility with respect to education loans as a result of a position held at the institution, or an agent who has responsibility with respect to education loans, from performing paid or unpaid service on a board of directors of a lender, guarantor, or servicer of education loans, if the institution has a written conflict of interest policy that clearly sets forth that officers, employees, or agents must excuse themselves from participating in any decision of the board regarding education loans at the institution; or
    • (iii) an officer, employee, or contractor of a lender, guarantor, or servicer of education loans from serving on a board of directors, or serving as a trustee, of an institution, if the institution has an interest in a policy that the board member or trustee must excuse themselves from any education loans at the institution. 

Sanctions

Violations of university policies, including the failure to avoid a prohibited activity or disclose a conflict of interest in a timely manner, will be dealt with in accordance with applicable university policies and procedures, which may include disciplinary actions up to and including termination from the institution.

Bennington College Financial Aid

The Bennington College Financial Aid Office is committed to the highest standards of professional conduct. We are members of the National Association of Student Financial Aid Administrators (NASFAA) and adhere to their code of conduct as well:

NASFAA Code of Conduct for Institutional Financial Aid Professionals

An institutional financial aid professional is expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government-sponsored, subsidized, or regulated activity. In doing so, a financial aid professional should:

1. No action will be taken by financial aid staff that is for their personal benefit or could be perceived to be a conflict of interest.

  1. Employees within the financial aid office will not award aid to themselves or their immediate family members. Staff will reserve this task to an institutionally designated person, to avoid the appearance of a conflict of interest.
  2. If a preferred lender list is provided, it will be compiled without prejudice and for the sole benefit of the students attending the institution. The information included about lenders and loan terms will be transparent, complete, and accurate. The complete process through which preferred lenders are selected will be fully and publicly disclosed. Borrowers will not be auto-assigned to any particular lender.
  3. A borrower's choice of a lender will not be denied, impeded, or unnecessarily delayed by the institution, even if that lender is not included on the institution's preferred lender list.
  4. No amount of cash, gift, or benefit in excess of a de minimis amount shall be accepted by a financial aid staff member from any financial aid applicant (or his/her family), or from any entity doing business with or seeking to do business with the institution (including service on advisory committees or boards beyond reimbursement for reasonable expenses directly associated with such service).

2. Information provided by the financial aid office is accurate, unbiased, and does not reflect preference arising from actual or potential personal gain.

3. Institutional financial aid offers and/or other institutionally provided materials shall include the following:

  • Breakdown of estimated individual Cost of Attendance components, including which are direct (billed by the institution) costs vs. indirect (not billed by the institution) costs
  • Clear identification and proper grouping of each type of aid offered indicating whether the aid is a grant/scholarship, loan, or work program
  • Estimated net price 
  • Standard terminology and definitions, using NASFAA's glossary of terms
  • Renewal requirements for each aid type being offered as well as next steps and financial aid office contact information

4. All required consumer information is displayed in a prominent location on the institutional web site(s) and in any printed materials, easily identified and found, and labeled as "Consumer Information."

5. Financial aid professionals will disclose to their institution any involvement, interest in, or potential conflict of interest with any entity with which the institution has a business relationship.

General Resources

Forms Library

Student Scholarships

Tax Forms and Tax Information

Information about Loans and Repayment

Employment

Undergraduate Financial Aid Handbook

View the handbook. 

Graduate and Postbaccalaureate Financial Aid Handbook 

Introduction

College financial aid can seem like a maze of forms, regulations, and figures. Even students who have received financial aid in previous years find that a new year brings new questions. This handbook is designed to explain those regulations as well as the College’s procedures. It should be used in conjunction with personal contact with members of the Financial Aid Office staff.

The Financial Aid Office is located in Barn 104 and is open from 9:00 am to 5:00 pm weekdays during the term; 8:30 am to 4:00 pm during the rest of the year. Students are welcome to stop by with questions at any time or to make an appointment with a staff member. 

College Costs

Direct and Indirect Costs

A postbaccalaureate or graduate student’s Bennington College bill will show the tuition charge and other mandatory expenses. Budgeting for the full cost of a student’s academic year, however, requires planning for general expenses as well. These may include books and course supplies, transportation, and personal and living expenses; MATs should also take into account teacher certification charges. 

Term Start-up Expenses

For many students, most of the funds for books, supplies and personal expenses are needed at the beginning of a term, generally before the student can get an on-campus job and paycheck. A student should plan to arrive on campus with sufficient funds for books, supplies, and initial living expenses (at least $600). The first paycheck for students with on-campus jobs arrives nearly a month after classes begin. Students who will not work should anticipate needing at least $3,000 for books, supplies, and personal expenses during the year.

Low-Residency Masters Programs

For students in low-residency programs, education-related expenses can include only the program tuition and residency charge (with the exception of the writing program final residency, for which no aid is available) and an allowance for transportation, loan fees, and required books and supplies. Students cannot borrow to pay costs of room and board during their non-residency period and are therefore eligible to borrow amounts lower than the annual graduate maximum of $20,500. 

Resources

Financial aid awards for postbaccalaureate and graduate students indicate the maximum loan amounts available to those students. Students who wish to borrow less than the offered amount(s) should reduce the offered loan amount on their online aid award and indicate the amount of loan they wish to borrow.

Students receiving funds such as employer-tuition benefits or outside scholarships are required to notify the Financial Aid Office of those resources. Outside resources may alter a student’s eligibility for loan funds.

Scholarship search sites on the internet include: 

Types of Assistance

Bennington Tuition Assistantships

A few master’s degree applicants are selected as graduate assistants. Their assistantship awards are applied against their tuition charges. As these awards represent payment for work performed, they are considered taxable income and are subject to FICA as well as state and federal tax. This income is reported on the recipient’s W-2 Wage and Tax Statement. All assistantship recipients will be required to complete an I-9 form stating eligibility to work in the United States, as well as a W-4 form indicating the amount to be withheld from the assistantship for state and federal taxes. These forms are available at the Bennington College Payroll Office. Bennington College will adjust the amount of the assistantship award applied against tuition by the amount of FICA tax required to be withheld on the income and by the amount of state and federal tax elected to be withheld. All assistantship recipients will receive specific information on withholding options from the Payroll Office after the start of the term.

Bennington Graduate Teaching Grants and Scholarships, Postbaccalaureate Grants
Some MATSL degree students may be awarded a teaching grant. These funds are awarded on the basis of need and academic merit and applied against tuition charges. The same is true of the grants offered to students in the postbaccalaureate program.

Writing Program Scholarships/Grants

These awards are made on the basis of merit and need to students in the Master of Fine Arts in Writing Program. 

Veterans Administration and Yellow Ribbon Benefits
 
Beginning August 1, 2019, in accordance with the Veterans Benefits and Transition Act of 2018, students using Ch. 33 Post 9/11 GI Bill or Ch. 31 Voc Rehab benefits, even if the VA has not yet paid tuition and fees, will not be prevented from enrolling, assessed a late penalty fee, required to secure alternative or additional funding, or be denied access to any school resources (access to classes, libraries, or other institutional facilities) that are available to other students that have paid. Students will need to:
  • produce the VA’s Certificate of Eligibility by the first day of class,
  • provide written request to be certified, and
  • accept the benefits noted in their award on their My Financial Aid page

Federal Education Loans

The federal government offers three types of loans in support of graduate study:

  • Subsidized federal direct loan (note: postbaccalaureate students only): A student must demonstrate financial need for a subsidized Federal direct student loan. The federal government pays the interest on this loan until six months after a student graduates or ceases to be enrolled on at least a half-time basis. Congress has, for graduate students, abolished subsidized federal direct loans. Graduate loans are now unsubsidized student loans. Eligible post-baccalaureate students will continue to be offered subsidized federal student loans.

  • Unsubsidized federal direct student loan: There is no federal in-school interest subsidy on these loans, and borrowers make interest payments or capitalize interest due while they are in school. Capitalizing interest means that the interest a student owes (while in school and not making payments) is added to the total amount of the loan. See the Financial Aid Office staff for details.

  • Federal Direct PLUS loan: Parents of dependent post-baccalaureate students can borrow through the PLUS loan program. The annual maximum is the cost of attendance for the academic year minus any other financial aid received by the student. 

Annual Maximums 

  • Master’s Degree Candidates: $20,500 or education costs for the year minus other aid, whichever is lower.
  • Independent Post-baccalaureates: $12,500 or education costs for the year minus other aid, whichever is lower.
  • Dependent Post-baccalaureates: $5,500* or education costs for the year minus other aid, whichever is lower.

*Dependent postbaccalaureate students who need additional loan funds may ask their parents to borrow through the Federal Direct PLUS Loan program. Postbaccalaureate students may borrow through the Federal Direct Student Loan program for one academic year only. 

MFA Writing Students’ Final Residency

Because the fifth (and final) term of the writing program is the ten-day residency only, participants do not qualify for a federal student loan for that period.

Applying for a federal student loan is a multi-step process.

  • The student files a financial aid application (including a FAFSA and institutional form) and receives an aid award establishing eligibility for a federal direct student loan. 
  • Once an aid award is calculated, the student accepts (or reduces or refuses) the loan amount on the My Financial Aid pages.
  • The student completes any additional required items such as FAFSA corrections using the IRS Data Retrieval Tool, online loan counseling, and a new promissory note at https:// studentloans.gov, or the Student Loan Authorization Form, available after a login at My Financial Aid. 
  • Loan proceeds will be disbursed near the beginning of the academic term, after the student has fully registered for classes. 

Applying for Federal Direct parent PLUS or Grad PLUS Loans

Through the PLUS program, a parent of a dependent post-baccalaureate student may borrow up to the cost of attendance for the academic year minus any other financial aid.The parent completes the federal direct PLUS application, and, if a new borrower, a master promissory note at https://student loans.gov. If the loan is approved, funds are disbursed at the beginning of the academic terms.

Required Loan Counseling—Entrance and Exit

A first-time federal student loan borrower is required to complete loan entrance counseling at https://studentloans.gov. Borrowers must complete loan exit counseling at the same website before graduating, withdrawing, or taking a leave of absence from the College.

Electronic Disbursement, Notification, Cancellation

Student loans are transmitted to Bennington electronically. No funds will be credited to a student’s account unless the student has registered for classes, so it is important that the student complete registration as soon as possible. The borrower is notified when loan funds are credited to the student’s account. A student has 14 days, beginning the day of notification, to request that the loan be cancelled and the funds be returned, if desired.

Disbursement Amounts

When the loan period is a full academic year, half of the student or parent loan is disbursed each term. Borrowers who wish different amounts each term can take separate one-term loans. Federal loan regulations prohibit one-term loans for the MATSL program.

Timing of Disbursements

Standard-term Programs

For MFA students, federal loans are disbursed in the first days of the term if the student

  • has completed all required aid paperwork by July 1 (fall entry) or by January 15 (spring entry).

  • is fully registered for classes before the term begins.

Writing Program

If loan paperwork is timely, loan proceeds arrive at Bennington on the first day of residency classes.

MATSL Program

Because the two terms of MATSL academic year are of very different lengths, this program is subject to a special federal student loan disbursement schedule. Half of the loan is disbursed in July for the summer term. The remaining half is disbursed halfway through the academic year calendar, in February. Bills for the nonresident term, however, are sent in August.

MATSL students whose summer disbursement will not cover all summer charges and students who will pay non-resident term charges with the second (February) loan disbursement may contact the Business Office (business@bennington.edu) to arrange a payment contract accommodating the student disbursement schedule.

Credit Balances

Borrowers whose loans cover more than the balance due to Bennington College will have a credit balance after loan disbursement. A credit balance can be refunded to the student borrower within 14 days.

Tracking, Managing, and Repaying Student Loans

Repayment of a federal student loan begins six months after a borrower leaves school or graduates. The standard repayment period is ten years, though other options are available (including extended repayment, graduated repayment, income-contingent repayment, and income-based repayment). See http://www.finaid.org/calculator/, or http://www.direct.ed.gov/Calc/html. Check with your loan servicer, online or on the phone, for additional information about your qualifications. You will see your federal loan history – both federal Stafford loans and federal direct loans—on the National Student Loan Data System (NSLDS). Parent PLUS loans do not appear there, except on a parent’s own NSLDS page. Logging in will require the borrower’s federal (FAFSA) PIN.

If you are having repayment diffculties, contact your federal loan servicer. Your servicer’s name and contact information for each one of your federal loans appears on your NSLDS loan history page. Staying in contact with your loan servicer will ensure you stay on track for repayment.

Private alternative loans are not included on NSLDS. To see all loan history—including both private loans AND federal loans, a student may request a copy of his/her credit report at https:// annualcreditreport.com. Enter your social security number and other authentication information (such as the lender for a particular credit or loan account, loan payment amount, or a previous address), and retrieve the loan information.

Estimate what your monthly payment amount will be by using an online loan calculator. Note that a student who has borrowed the standard undergraduate maximum, $27,000, at a 6.4 percent interest rate would pay approximately $310 per month for ten years. A student who borrowed $10,000 would pay approximately $115 per month for 10 years. 

Default Rate

The three-year federal loan default rate for Bennington students was 2.9 percent for 2015.

PLUS Loans

Repayment of PLUS loans begins as soon as the loan is fully disbursed.

Tax Deduction on Education Loan Interest

According to federal regulations, up to $2,500 of annual interest paid on federal education loans (student or parent) is tax-deductible if certain conditions are met. More information is available from the IRS website, where publication #970, “Tax Benefits for Education,” can be found. 

Student Loan Forgiveness

Information on and links to loan forgiveness programs for volunteer work (Peace Corps, VISTA, Americorps) military service (Army National Guard), legal or medical services, teaching, and for loan repayment for federal agency employees is available from the following sites:

www.finaid.org/loans/forgiveness.phtml

(general information on loan forgiveness)

http://www.finaid.org/loans/ibrfaq.phtml

(loan forgiveness for employment in public service)

www.staffordloan.com/repayment/forgiveness.php

(general information on loan forgiveness) 

www.opm.gov/oca/PAY/StudentLoan/index.asp

(government employee loan repayment)

www.aft.org/yourwork/tools4teachers/fundingdatabase/index.cfm

(search loan forgiveness programs for teachers) 

Your Rights and Responsibilities as a Borrower 

When you accept a loan, you accept legal and financial responsibilities that last until the loan is repaid. Here’s a checklist of your responsibilities, as well as your rights as a borrower. 

When you accept a student loan, you agree to:

  • repay your loan(s), including accrued interest and fees, whether or not you complete your education, complete the program within the regular time frame, obtain employment, or are satisfied with your education;
  • complete online exit counseling before you leave school or drop below half-time enrollment;
  • notify the current holder of your loan within 10 days if you change your name, address, or phone number, drop below half-time status, withdraw from school or transfer, or change your graduation date;
  • direct all correspondence to the current holder or servicer of your loan; 
  • make monthly payments on your loan after leaving school, unless you’re granted a deferment or forbearance;
  • notify the current holder of your loan of anything that might change your eligibility for an existing deferment. 

As a student borrower, you have the right to: 

  • receive a disclosure statement before repayment on your loan begins, including information about interest rates, fees, loan balance, and the size and number of payments;
  • prepay all or part of your loans without a prepayment penalty;
  • apply for deferment of your loan payments for certain specified periods, as long as you’re eligible;
  • request forbearance if you’re unable to make payments and don’t qualify for deferment (you must qualify according to the loan holder’s requirements);
  • receive proof when your loan is paid in full. 

Questions about your loans?

Find your loan servicer: Go to the NSLDS, the National Student Loan Data System, at https://www.nslds.ed.gov/nslds/nslds_SA/. Use your FSA-ID pin to log in and see a list of all your federal student loans. A drill-down will allow you to see contact information. If you have difficulty, be in touch with the staff of Bennington’s financial aid offce, finaid@bennington.edu or 802-440-4325.

Employment

Required Paperwork

Before students can receive any compensation from the College for work, including tuition assistantships, they must complete W-4 and I-9 forms, available in the Payroll Office, Barn 101. Completion of an I-9 form requires showing a passport or, alternatively, an original Social Security card or certified birth certificate and some form of picture identification card.

Payment Arrangements

Students with on-campus jobs (other than assistantships) must submit timesheets and are paid every two to three weeks for hours worked. Note: Because the first paycheck may not be disbursed until almost a month after the start of classes, students should arrive with sufficient funds for books, supplies, and initial living expenses. 

Verification

Verification is the required process of confirming information on which an aid award is based. It may include submitting required documentation, explanations, or confirmations such as an IRS Tax Return Transcript. Students complete the Verification process as early as possible before the school year begins, confirming aid eligibility.

IRS Tax Return For Data Match

U.S. income tax filers must now, per federal regulation, get direct IRS confirmation of their FAFSA tax information rather than submit copies of tax returns. The quickest and often simplest method is to use the IRS Tax Return Transcript, which can be requested approximately 2–3 weeks after e-filing or 8–11 weeks after paper filing. Go to irs.gov for transcript.

Late Tax Returns

Students who file late federal income tax returns submit:

  • a copy of the IRS Form 4686
  • copies of all W-2s
  • a copy of the IRS approval of the extension (if the return will be led after April 15)
  • a corrected FAFSA, confirmed using an IRS tax return transcript, showing the recently led tax information (after the tax return has been led)

If appropriate, a student’s award will be adjusted once tax information is confirmed.

Filing an Amended Tax Return

An individual who files an amended IRS income tax return must provide both of the following:

  • A signed copy of the original IRS income tax return that was filed with the IRS or an IRS Tax Return Transcript; AND
  • A signed copy of the IRS Form 1040X, “Amended U.S. Individual Income Tax Return,” filed with the IRS, along with an IRS Tax Account Transcript. 
Billing and Disbursement of Aid

Before each term, the student will receive a bill from the Business Office. For students in the standard on-campus programs, all charges are expected to be paid by August 1 for the fall term and February 1 for the spring term. For standard term students, the College will permit a partial payment equal to 50 percent of the term’s charges due August 1 and February 1. Interest will be assessed at 1.5 percent per month on any outstanding balance, exclusive of financial aid, after these dates. Payment in full is due October 31 and April 30.

Payment for low-residency writing program terms is due by mid- May and mid-December. For the MATSL program, payment is due June 1 for the summer residency and August 1 for the school year term.

Federal and alternative loans and institutional grants and scholarships are credited to the student’s account after:

  • all aid paperwork is complete (including electronic forms such as the loan promissory note),
  • the award has been “accepted” (online, after a login on the My Financial Aid page),
  • the student has registered for classes, and
  • classes have begun.

Outside scholarships and employee tuition benefits are credited to the account of an enrolled student when the proceeds are received.

Any credit balance on a student’s account will be returned unless the student requests in writing that the College hold it to assist in managing funds for the following term. No interest on this credit balance will be paid to the student.

Refund checks will be issued within 14 days after the credit balance occurs. 

Withdrawal Policy

Students who are receiving aid and withdraw from the College must provide official notification of intent to withdraw. Refunds of tuition and other payments, should there be any, will be based on the withdrawal notification date. For standard-term programs, official notice may be given by completing a withdrawal form and submitting it to the Office of the Dean, Barn 123, or the Dean of Students, Barn 113. (Office hours are 9:00 am to 5:00 pm during the term; 8:30 am to 4:00 pm during FWT and the summer.) A withdrawing student also may give oral notice to the Dean or the Registrar or, in the case of a medical withdrawal, the Dean of Students.

The College requests that standard-term students who are withdrawing schedule an appointment with the Dean (802-440-4400).

Master’s students in a low-residency program begin the withdrawal process by notifying the Dean’s Office at Bennington College. For a student withdrawing during the term, the date of withdrawal will be the date that the student officially notifies the school of intent to withdraw, unless the student has participated in an academically-related activity (such as attending a class, or turning in an assignment) at a later date. It is the withdrawal date that determines how much federal student aid a student has “earned” (by virtue of being enrolled and present) and how much must be returned per the federal “return-of-funds” calculation.

For students who attend classes but withdraw from the College by the deadlines below; an adjustment is made to charges. In addition, a portion of aid funds received will be returned to sources according to institutional, federal and, where applicable, outside guidelines.

Certain charges are nonrefundable, including fines (library, parking, maintenance, etc.), meal tickets, the health service charge, fees for health services provided, enrollment deposits for new matriculants, and interest charges due to late payment.

Bennington Refund Policy

Standard Term Programs

Institutional policy requires an adjustment both to charges and to institutional aid for students who withdraw before the 21st class day of the fall or spring term. A standard-term student who withdraws during the first five days of the term is charged 25 percent of the term’s comprehensive fee (tuition, room and board). For students who withdraw after the first five class days but before the 11th class day, the charge is 50 percent. After the 10th day but before the 21st day of classes, the charge is 75 percent of the comprehensive fee. Withdrawals on or after the 21st day involve no adjustments to institutional charges. Aid recipients will have their institutional grants, scholarships, or fellowships adjusted at the same percentage rate as the charges are adjusted.

Low Residency Programs

The withdrawal policies for the low-residency writing program and the low-residency teaching program are sent to participants with the first bill for the term. Statements of these policies are also available from the Business Office at Bennington College.

Return of Federal Funds

A portion of federal aid must be refunded to its sources if a recipient withdraws before or at the point at which the term is 60 percent over. Regulations specify the amount of “earned” and “unearned” federal aid according to the percentage of term days completed before withdrawal; the amount of federal funding to be returned is calculated accordingly. The calculated federal refund is returned to the aid programs in the order shown below. For example, a student whose award included an unsubsidized student loan would have the federal refund amount returned to that program. If the refund amount were greater than the unsubsidized loan borrowed for that term, the remaining funds would be returned to the programs next on the list (from which the student had received funds for the term).

  1. Federal Unsubsidized Student Loan
  2. Federal Subsidized Student Loan
  3. Federal PLUS Loan
  4. Other Title IV student assistance

Withdrawals During the Term

Withdrawing students should be aware that a departure during the academic term will have implications for the financial aid they are receiving and for the amount due Bennington College. Recipients of federal aid such as federal direct student loans and Grad PLUS loans will find that these must be returned on a pro-rata basis unless a student is withdrawing more than 60 percent into the term. In general, this means that if a student withdraws 25 percent of the way into the term, approximately 75 percent of federal aid will be returned to its sources. This may leave a student owing money, possibly a substantial amount, for the academic term. Contact the Financial Aid Office (Barn 104 or finaid@bennington.edu) for more information.

In addition, according to Bennington’s standards of academic progress, students who receive financial aid for a term in which they withdraw and thus receive no academic credit do not make satisfactory academic progress. See the section on “Reinstatement After Loss of Aid Eligibility.”

Withdrawing students who have received education loans are required to do an online exit interview (https://studentloans.gov) using the FAFSA pin to log in. Once students have withdrawn, their loan deferment status will change. 

Terms and Conditions of the Financial Aid Award

The financial aid award is subject to the following terms and conditions:

  1. At Bennington College, financial aid awards are determined in accordance with principles and regulations established by the College and by the federal government.
  2. Because the financial aid award may be determined without knowledge of other aid the student may receive, individual portions of the aid award may be adjusted if other aid is received.
  3. Any scholarship/grant assistance received in excess of the amount of tuition, fees, and required books and supplies must be reported as gross income on a federal income tax return.
  4. Federal regulations require that a student receiving financial aid from federal sources maintain satisfactory academic progress (see below).
  5. Federal law requires that prior to receipt of any federal student aid funds, each male student must register with the Selective Service, or indicate the reason he is not subject to registration. Male students who do not do so cannot receive federal funds.
  6. Current legislation specifies that federal Title IV aid eligibility is suspended for a student convicted of violating any federal or state drug possession or drug sale law. Any person convicted of such a crime must indicate such in the FAFSA. Bennington College has substance abuse prevention programs. Details are available in the Student Life Office.
  7. No financial aid is available for studies beyond those required by the College for graduation. Elective additional work will not be funded.
  8. Aid recipients must ensure that all aid application materials they submit are true and correct. Should an amended return be filed, a copy must be sent immediately to Bennington College and an IRS “tax account statement” must be ordered and forwarded to that office so that aid eligibility can be reviewed. Failure to do so jeopardizes aid.
  9. Bennington will not award aid to an applicant (or applicant’s family) who does not file a U.S. tax return by the federal deadlines, if required by law to do so.
  10. Applicants who are in default on a federal student loan and who have not made satisfactory repayment arrangements enabling them to borrow again cannot receive aid at Bennington College.
  11. Bennington College awards merit- and need-based financial aid based on the total cost of tuition, room, board, and required fees. Award packages for students who seek and are granted permission to be excluded from the College's meal plan or from Bennington College housing will be reduced by 15% for each exclusion. 
Federal Aid and Students Convicted of Drug Offenses 

Current law specifies that federal Title IV aid eligibility is suspended if a student is convicted of violating any federal or state drug possession or drug sale law. Any person convicted of such a crime must notify the Financial Aid Office and also indicate such on the FAFSA (Free Application for Federal Student Aid).

The FAFSA includes question 23, “Have you been convicted for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study)?” A student who answers “yes” to this question will be required, through the FAFSA process, to complete the federal “Worksheet for Question 23” to determine the length of his/her ineligibility for federal aid. This worksheet can be found on the Forms Library tab of My Financial Aid on the Bennington website.

The length of ineligibility for federal student aid varies for students convicted of a drug offense while receiving federal aid. A conviction for “conspiring” to sell drugs is included in the category of a conviction for the sale of drugs. If a student is convicted both of possessing and of selling drugs, and the periods of eligibility are different, the student will be ineligible for a longer period.

Students regain eligibility the day after the period of ineligibility ends or when they successfully complete a qualified drug rehabilitation program. Further drug convictions will make students again ineligible for federal financial aid.

Students denied eligibility for an indefinite period can regain it only if they successfully complete a rehabilitation program (as described earlier) or if a conviction is reversed, set aside, or removed from the student’s record so that fewer than two convictions for sale or three convictions for possession remain on the record. In such cases, the nature and dates of the remaining convictions will determine when the student regains eligibility. It is the student’s responsibility to certify completion of the rehabilitation program.

A qualified drug rehabilitation program must include at least two unannounced drug tests and must satisfy at least one of the following requirements:

  • Be qualified to receive funds directly or indirectly from a federal, state, or local government program;
  • Be qualified to receive payment directly or indirectly from a federally or state-licensed insurance company; 
  • Be administered or recognized by a federal, state, or local government agency or court; or
  • Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.

Bennington College offers substance abuse prevention programs. Details are available in the Dean of Student’s Office. 

Satisfactory Academic Progress and Financial Aid Eligibility

Federal regulations require that students receiving federal financial aid (including loans) make satisfactory progress in their education program. Students who do not do so cannot continue receiving federal financial aid.

Masters of Fine Arts, Standard-term Students

See the Dean’s Office for more information.

Masters of Fine Arts in Writing

Continued eligibility for financial aid for Bennington’s MFA in Writing program is based on satisfactory academic progress and is evaluated at the end of each term, both in qualitative terms (Pass, Marginal Pass, Fail) and in quantitative terms (number of credits completed over number of credits attempted).

All writing program students are considered full-time, taking 16 credits per term. No partial credit for a term is awarded; students who receive an incomplete will be considered to have earned no credit unless the incomplete is replaced by a grade of Pass or Marginal Pass per terms of the incomplete status. A total of 64 credits is needed to fulfill the degree. Students are evaluated at the end of each five-month term.

A writing program student must earn a grade of Pass for the term to be making “satisfactory academic progress” for purposes of financial aid eligibility. Aid students who do not earn a Pass may continue to receive financial aid for the succeeding term in “financial aid warning” status. At the end of that warning term, the student must earn an evaluation of Pass to continue to receive financial aid.

Only one term on “financial aid warning” is permitted, so that any succeeding evaluations of marginal pass, fail, or an incomplete that is not changed into a pass will make the student ineligible for further financial aid.

The MFA in Writing program is a full-time, low-residency program, encompassing four five-month terms and one final 10-day residency. In extenuating circumstances, such as student illness, injury, or death in the family, a student with an otherwise satisfactory academic record who did not complete or receive credit for one term may be authorized by the Director to take five full terms, rather than four, to complete the program.

Quality of Academic Performance

Every student’s progress is evaluated by assigning grades and by reviewing the consistency of performance in other areas. Those elements determine a student’s academic status—Good Academic Standing (including Academic Notice), Academic Warning, Academic Probation, or Dismissal.

Academic Pace

MATSL students must satisfactorily complete all courses (a total of 13 courses) and generally complete the program in four terms, though the maximum allowed is five terms. In some circumstances, students may be allowed to take less than a full course load, though there may be implications for financial aid eligibility.

In addition, a MATSL student with financial aid must maintain a minimum ratio of cumulative MATSL credits earned to MATSL credits attempted. (Course withdrawals, incompletes, and failures are considered credits attempted but not completed.) A student not earning the minimum required ratio of credits earned over credits attempted will be placed on Financial Aid Warning.

Financial Aid Warning and Aid Eligibility

A student in Financial Aid Warning status may continue to receive financial aid. At the end of that warning term, that student must regain “Good Standing” or lose financial aid eligibility.

In unusual circumstances, it may be mathematically impossible for a student on Warning to return to Good Standing in just one term. In such a case, the student may request that aid be continued by filing an appeal. The program director will review the student’s request and academic record, and, upon approval, will place the student on Academic Probation and work with the student to outline a special academic plan. The plan will specify the conditions for regaining Good Standing, as soon as possible. The student on this plan must meet all conditions of the plan each term in order to continue on financial aid. No second appeal is permitted.

Students on Financial Aid Warning may continue to receive financial aid only if, at the end of the warning term, they

  • return to Good Academic Standing, or
  • (if it is mathematically impossible to return to Good Academic Standing in the one warning term) have led an appeal that is successful, are placed on Academic Probation and, in subsequent terms, continue to meet the requirements of the academic plan approved by the program director and the student. 

Post-Baccalaureate Students

Post-baccalaureate students must complete this program within one year, including the summer term, and can receive financial aid for a maximum of one year. Academic progress is evaluated at the end of each post-bac term—summer, fall, and spring.

Students are expected to:

  • attempt and complete at least 12 credits each term (unless they have prior permission from the Dean’s Office for a reduced schedule), and
  • earn a cumulative grade point average per term of at least 3.0.

A student who does not meet these standards is put on a status of Financial Aid Warning for the following term. After that term, the student must regain good standing—in terms of credits earned and cumulative GPA—in order to continue receiving financial aid. 

Reapplying for Financial Aid

Financial aid based on need is awarded for one academic year at a time. The student must reapply each year; Bennington’s renewal of aid instructions are available online. It is the student’s responsibility to ensure that all required forms have been received by the Financial Aid Office in time to determine eligibility and process loan applications. 

Terms and Conditions

Please review the following Student Financial Aid Terms and Conditions.

The terms and conditions apply to all student financial aid, regardless of source (e.g., federal, state or institutional), including grants, scholarships, fellowships, loans and work-study awards. The terms and conditions are as follows: 

  1. At Bennington College, financial aid awards are determined in accordance with the principles and regulations established by the College, outside donors, and federal and state governments.
  2. Your financial aid offer is offered based on attendance as a full-time student (at least 12 credits/semester for undergraduate students; at least 9 credits/semester for graduate students) and anticipated housing as reported (i.e. on-campus or commuter). 
  3. You must inform the Office of Financial Aid in writing via email at finaid@bennington.edu of any changes in either your enrollment or housing plans so that your financial aid may be reevaluated accordingly.
  4. Bennington College awards merit- and need-based financial aid based on the total cost of tuition, room, board, and required fees. Students who are granted permission to be excluded from the college’s full meal plan or from college housing may have their institutional aid award reduced accordingly.
  5. Because the financial aid award may be determined without knowledge of other aid the student may receive, your aid award may be adjusted if other aid is received. 
  6. Only students enrolled in a Bennington degree program are eligible for College financial aid.
  7. A student eligible to receive a state grant or other funding is expected to complete all necessary application procedures for this assistance. Bennington will not replace funds lost as a result of the student’s failure to comply with application requirements.
  8. If you have been selected for verification by the US Department of Education, additional documentation will be requested under separate cover. The verification process may lead to revisions to your financial aid awards. The Office of Financial Aid reserves the right to request verification of any data submitted by the student and/or parents that was considered in the financial aid award offer. Your financial aid award offer is subject to the receipt and processing of any information/documentation requested by the Office of Financial Aid.
  9. Aid recipients must ensure that all financial aid application materials they and their parents submit are true and correct. Should an amended tax return be filed, an IRS statement of “tax account information” must be sent immediately to Bennington College so that aid eligibility can be reviewed. Failure to do so jeopardizes aid.
  10. Financial aid award offers are contingent upon maintaining satisfactory academic progress (SAP) toward completion of your degree. The Office of Financial Aid reviews SAP for each financial aid recipient at the conclusion of each semester. Failure to maintain satisfactory academic progress will result in the loss of financial aid funding. You must be matriculated and enrolled in coursework leading to a degree.
  11. The College awards grants and scholarships from Bennington operating funds and reserves the right to substitute funding received from private or endowed sources. In such an event, a revised Financial Aid Notice of Award will be sent to you detailing the substitution.
  12. A student must complete registration for classes before the end of the second week of each term to be considered “enrolled” for that term.  Failure to register by the deadline will result in loss of financial aid.
  13. Refunds of federal aid will not be released until after the third week of the term pending Add/Drop and housing changes. 
  14. Some aid recipients will be asked to supply documentation of their citizenship status.  Such information must be submitted within 30 days. Students and families may also be asked to provide documentation of sibling college enrollment within a specified amount of time. Failure to respond appropriately to these requests jeopardizes aid eligibility.
  15. All entering undergraduate aid recipients must ensure that the Admissions Office receives a complete high-school transcript indicating satisfactory completion of and graduation from high school, or the recognized equivalent of a high-school diploma, or a state-approved home-schooling program.
  16. Transfer students must ensure that the Admissions Office receives academic transcripts that include all periods of enrollment at other institutions.
  17. Eligible citizens & non-citizens must apply for financial aid each year for consideration of renewed eligibility.
  18. Any scholarship/grant assistance received in excess of the cost of tuition, fees, and required books and supplies must be reported as gross income on a federal income tax return.
  19. No financial aid is available for studies beyond those required by the College for graduation. Elective additional work will not be funded.
  20. Bennington will not be able to finalize award eligibility for an applicant (or applicant family) who has not filed a U.S. tax return but is obliged to file.  See IRS website.
  21. Applicants who are in default on a federal student loan and who have not made satisfactory repayment arrangements enabling them to borrow again will not be eligible to receive aid. Defaulted borrowers may be eligible for the Fresh Start initiative and will eligible to regain federal eligibility.
  22. It is the student’s responsibility to notify the Financial Aid Office, in writing, of any change in his/her permanent mailing address. The student must also notify his/her loan servicer of such a change.