Financial Assistance
Financial Assistance Websites
Purpose of Financial Assistance Program
The purpose of financial assistance at the Boston University School of Medicine is to help those students who could not otherwise afford to attend school to meet the costs of education at this University. To this end, the School participates in many financial assistance programs. The programs and their provisions change occasionally, so the Office of Student Financial Services attempts to provide every accepted student with a complete and descriptive list of current programs. The main source of aid for financial assistance applicants at the Boston University School of Medicine is loans. Grant funds are limited and are awarded to students with minimal resources. Students who apply directly to the School for financial assistance are considered for all financial assistance programs for which they are eligible and over which the School has control. Students are required to obtain assistance from outside sources (such as state scholarships or guaranteed student loans) as well. The student is responsible for applying to the outside sources but is encouraged to consult the Office of Student Financial Services on procedures and possibilities. Loans and grants are offered to student applicants after individual need is determined according to federal and institutional methodologies of needs analysis. Financial assistance is limited in amount and is never offered in such a way as to exceed an applicant’s need.
Student Expenses
In planning to attend the Boston University School of Medicine, a student must consider all educational expenses, including basic living costs. The tuition and fees shown elsewhere in this bulletin are subject to change and the student must realize that costs will increase before completion of the four-year curriculum.
In addition to tuition and fees, the student must pay for medical insurance, room and board, books and supplies, microscope purchase or rental, laboratory fees, personal expenses, and transportation. The Office of Student Financial Services considers the total costs of attendance, including all the items listed above, when making a financial assistance commitment. These costs change from year to year and appropriate information is available to anyone who requests it from the Office of Student Financial Services.
Application Procedures
Students must apply annually for financial assistance and can obtain application materials from the Office of Student Financial Services of the Medical Campus in early December. The application deadline is April 19 or 45 days after the date of acceptance to Boston University School of Medicine, whichever is later.
Financial assistance applications are evaluated on the basis of income, assets, family size, and other relevant information for the student, spouse, and parents. The Office of Student Financial Services assesses the ability of the student and the student’s family to pay for the student’s education by the Institutional Needs Analysis Methodology used by the College Scholarship Service. Applications from self-supporting students who do not report parental income and assets will be accepted, but the likelihood of an offer of direct financial assistance (loan and/or grant) in such a case is unlikely.
Every student who applies for financial assistance will be informed of the School’s need assessment and any assumptions made by the Office of Student Financial Services as to financial assistance which is assumed to be available to the student from outside sources. Students should bear in mind that much of the financial assistance at the School of Medicine comes from outside sources. For additional information about outside loans and scholarships available to Boston University students, refer Boston University School of Medicine Student Financial Services handbook.
Financial Assistance Websites
For the most recent information about specific financial aid resources please point your browser to these websites:
Scholarship and Loan Opportunities
Scholarship and Financial Aid Resources
Loan and Scholarship Information
Published by Trustees of Boston University
One Sherborn Street
Boston, MA 02215
17 September 2007
Boston University
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