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Financial aid decisions
for departmental aid are made for the full
academic year on the basis of academic performance
and the availability of funds for your program
of study. For federal loan and federal Work-Study
eligibility, a student must demonstrate
financial need, which is the difference
between a student's educational costs and
the amount the student is expected to provide
as determined by an evaluation of the family's
financial information (obtained from the
FAFSA).
Financial aid awarded by
Boston University may be used only for courses
required by the degree program. It may be
used for courses taken as corequisites or
prerequisites only by special permission
from the Graduate School of Arts and Sciences.
It may not be used for courses taken as
audits, or for no credit, or for courses
withdrawn with a "W" grade. It
may not be used for medical insurance, Health
Services fees, or late fees. Financial aid
may not exceed the cost of required tuition
and fees.
Health Insurance Coverage
The University will provide
the costs of participation in the University
student health plan for GRS students who
are teaching fellows, research assistants,
graduate trainees, and recipients of certain
University Fellowships. Visit the Student
Accounting Services web
site for detailed information.
This program's implementation
relies on the flexibility of our student
accounting system to allow a student to
carry a balance of up to $1000. See the
following.
Notice on Student Account
Balances
Graduate students who accept
the University's health insurance plan are
charged for the year's coverage at the beginning
of the coverage period, and this up-front
charge can lead to financial strain for
some students.
The following feature of the
University's accounting practices can help
mitigate that strain:
If a full-time student has
an unpaid balance due of less than $1,000
on his or her account for the current academic
year, then our accounting system will consider
that the student has sufficiently settled
the account for the current semester and
the student will be able to register for
classes. A bill will be sent to the student
for the balance, but no late fees will be
assessed. This accounting practice enables
a student to spread payment for health coverage
over the academic year rather than paying
the full amount at the beginning of the
year.
Please note that this practice
applies only for full-time students, and
that the unpaid balance from all charges
(including health insurance charges, tuition
charges, fees, library fines, etc.) must
be less than $1,000. A student must fully
pay the balance due in order to graduate,
and a student must also fully pay the balance
from the preceding academic year in order
to receive a financial aid award at the
begining of a new academic year.
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