Tuition and Living Expenses
As you prepare to budget for your educational expenses, you will find some costs easier to predict than others. You will also need money for books, supplies, personal expenses and transportation. Here is a breakdown of billed and estimated expenses for the 2018/2019 academic year as a full-time MMH student.
Full-time Tuition & Expenses
|12 credits/3 courses||16 credits/4 courses, and 0 credit, 400-hour internship||4 credits/1 courses, 400-hour internship|
|Student Services Fee||$60||$166||$166|
|Health & Wellness Fee||$0||$212||$212|
|Stafford Loan Fee||Based on amount borrowed||$113||$113|
Total Cost (Tuition and Fees Only): $53,184
**Massachusetts law requires all students enrolled in at least 75% of the full-time curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University’s student health insurance plan, which is due and payable with your first-semester charges. For more information, see the Student Accounting Services website.
Merit-based scholarships are available and all applicants are considered for scholarships.
Room and Board: Boston University does not have any dorm-style graduate housing, however for the purposes of financial aid budgeting and loan requirements you may use the following room and board rates for the MMH program.
- Summer – $2,175
- Fall – $6,688
- Spring – $6,687
Part-time students are charged the per-credit rate during the semester in which s/he is registered.
- Summer 2018 – $1,593 per credit
- Fall/Spring 2018-19 – $1,651 per credit
Merit-based scholarships are available.
Federal Unsubsidized Stafford Loan
The Federal Unsubsidized Stafford Loan is offered to assist students with postsecondary educational expenses. The Unsubsidized Stafford loan is made directly to the student who is responsible for repayment. Interest accrues and must be paid by the borrower or is capitalized during periods of in-school enrollment, grace and/or deferment. Current interest rates for the Federal Stafford Loan can be found here.
Students must meet federal eligibility criteria to qualify for the Unsubsidized Loan. Financial eligibility is determined by a federally legislated analysis family financial information provided on the Free Application for Federal Student Aid (FAFSA). You must file the FAFSA, and use Boston University’s School Code (002130) to apply for the Unsubsidized Stafford Loan.
Who is eligible to apply?
Students are eligible to participate in the Federal Unsubsidized Stafford Program if they are: 1) US citizens or permanent residents; 2) enrolled in a degree program; 3) are registered for at least six credits which are accepted towards the degree program and are not repeat classes; 4) demonstrate financial eligibility as determined by federal regulations; 5) do not have an outstanding balance from a prior period of enrollment at Boston University, and 6) making satisfactory academic progress.
How much may I borrow?
The maximum annual loan limit for graduate and professional students is $20,500. Your actual eligibility may be less and is determined by how many credits you are enrolled for and other sources of financial aid. The maximum cumulative Federal Stafford Loan borrowing amount is $138,500, including any amount borrowed for undergraduate study.
How do I apply?
To apply, complete the Stafford Loan Request Form and submit it to the School of Hospitality Administration Graduate Financial Aid Office at 928 Commonwealth Avenue. You also need to file the FAFSA, and possibly submit additional documentation if required. Stafford loan borrowers must complete the required electronic Entrance Counseling requirement and Master Promissory note. These requirements can be completed at studentloans.gov.
When will the loan funds be available to me?
Loans can be disbursed up to two installments. The amount that will be disbursed will be less the origination fee that the federal government subtracts from the loan to pay for guaranteeing and processing the loan.
Any credit balance in your account that remains once your University bill has been settled is available to you through a refund request through the Boston University Student Link.
Federal Graduate PLUS Loan
The Graduate Federal PLUS is a federal credit-based loan which is available to assist students with the costs of higher education. Eligible graduate loan borrowers are those who are enrolled at least half-time (six credits per semester) per semester in a graduate or professional degree that leads to a master’s, law or medical degree. The credits must be accepted towards the degree program. The student must be a US citizen or permanent resident, must not have an outstanding balance from a prior period of enrollment and must be making satisfactory academic progress per school guidelines.
Direct PLUS Loans do not have fixed amounts. You can borrow up to the cost of attendance minus all other financial assistance you received. The current interest rate on the 2016/2017 Graduate Federal PLUS Loan can be found on the Financial Assistance website. Interest begins to accumulate on the date of the first loan disbursement.
Additional information on the credit-based Graduate PLUS loan can be found on the Financial Assistance website.
Students are encouraged to research and apply for other private loans that suit their lending and educational needs. BU has identified some private loans if you are interested in researching additional options. This list of options is certainly not all inclusive and we encourage you to search for other outside private loan options that may be available to you.
- For additional financial aid help from resources outside of Boston University please visit the Financial Assistance website.
A complete listing of loan servicers and their contact information can be found on studentloans.gov.
Students can also find their loan servicer contact information on the National Student Loan Database System (NSLDS).