Veterans Benefits Recipients
In some instances, it may be permissible for a student to receive VA Educational Benefits that when combined with other financial aid exceeds the total cost of attendance for the academic year. However, Boston University encourages students to limit their educational borrowing to no more than absolutely necessary. Educational loans must be repaid.
Federal Financial Aid
Your Federal Financial Aid (Pell Grant, SEOG Grant, ACG/SMART Grant, Perkins Loan, Subsidized and/or Unsubsidized Stafford Loans) will not be reduced due to your receipt of Veterans’ Benefits.
Boston University Scholarships
Your Boston University financial aid could be affected by your receipt of Veterans’ Benefits. Your receipt of a BU need-based scholarship and any combination of merit award, outside scholarships, and veterans’ educational benefits may not exceed institutionally calculated financial aid eligibility. A reduction of need-based financial aid will be required only if the total amounts received from these sources exceed the student’s calculated financial aid eligibility. Regardless of the type of VA benefit received or whether that benefit results from the student’s military service, or the military service of his/her parent, the impact on the student’s financial aid is the same.
Boston University may be notified by the Veterans Administration about your VA benefits, but you should still notify BU Financial Assistance of them yourself if you have not done so already. In addition, notify us if the amount of your VA benefit has changed. Early notification will enable us to communicate with you about any adjustments that may need to be made to your BU scholarship aid so that you can plan accordingly.
For more information about VA Benefits, visit Veterans Services.