Everyone admitted to BU deserves the opportunity to attend BU.
And you deserve it regardless of your family’s means. Toward that goal, BU will now meet 100% of your calculated need. With expanded financial aid packages that will make up the difference between cost of attendance and what you can afford. How much is that? It varies for each family.
We’ll calculate your family’s contribution based on your FAFSA and CSS Profile™. Once we’ve determined what your family can be expected to contribute, we’ll subtract that from the full cost of attendance. The difference—your calculated need—will be made up by financial aid.
So now, with affordableBU, you really can afford an education that will prepare you not just to succeed, but to thrive.
Who is eligible for affordableBU?
What’s your full calculated need?Calculate
Types of Aid
What kind of aid can you expect? It depends on your family’s financial situation. One person might receive a package of grants and low-interest student loans. Another, Work-Study and a scholarship. Yet another, some combination of all four. Further, if you are also eligible for a Pell Grant, your aid package is guaranteed to be free of loans, thanks to the Richard D. Cohen Scholarship fund. Merit scholarships are available to all students, regardless of need.
What does BU mean by “affordable” and “will meet my need”?
BU is affordable because what you pay will depend on what you can afford. Meeting your need means that the gap between the cost of BU and what your family can be expected to contribute, based on your calculated financial need, will be covered through some combination of scholarships, grants, low-interest government student loans, and Work-Study. This can greatly reduce or in many cases eliminate your need to take out supplementary private loans. Additionally, if tuition increases, your Boston University need-based scholarship will increase at the same percentage as the increase in tuition.
What is “calculated financial need”?
It is the total annual cost of attending BU minus your family’s expected contribution, as calculated by filing the FAFSA and CSS Profile™. Your aid package will be equal to this calculated need and will be comprised of scholarships, grants, government student loans, and/or Work-Study.
What is included in the “cost of attendance”?
For financial aid purposes, the cost of BU is the yearly expected total of tuition, room and board, local transportation, books, supplies, and personal expenses.
How do I know if I qualify for financial aid based on my family’s situation?
You must file the FAFSA and CSS Profile to officially determine whether you qualify for financial aid. However, for planning purposes, we also have an online tool to help you and your family estimate the amount of financial aid you could be offered and the net amount you may be expected to pay toward the cost of attending BU. For more information, visit the MyinTuition: Quick College Cost Estimator or the Net Price calculator.
If I do not qualify for financial aid, does BU still offer merit scholarships based on my grades or other factors?
BU offers merit-based scholarships for academics, athletics, arts, and leadership. Merit-based scholarships have varied requirements and submission guidelines that must be followed in order to qualify. Please review our Merit Scholarships for First-Year Students page for information about specific merit scholarships, requirements, and deadlines.