Renew Your Financial Aid
-Due May 1, 2015
Renewing your Scholarship
Scholarships that are awarded during the admissions process are renewed each year, at the same amount, while a student completes their six-semester JD degree at the School of Law. Scholarship renewal is not dependent upon a student maintaining a particular cumulative GPA, but does require full-time enrollment.
If you received a scholarship for 2014-15, please complete the following form:
- BU Law Continuing Student Financial Aid Data Form - To be completed by all students applying for financial aid, including merit scholarship recipients
Tax Treatment of Scholarships - In most cases, scholarships are not considered taxable income if they do not exceed tuition & fees. Therefore, they should not be included on your FAFSA or federal income tax return.
For more information see Publication 970, Section 1, Tax Benefits for Education - www.irs.gov/publications.
Federal Financial Aid - Direct Loans & Work-Study
If you are applying for federal financial aid, please submit the following materials:
- BU Law Continuing Student Financial Aid Data Form
- Free Application for Federal Student Aid (FAFSA) - www.fafsa.gov
- Student (and spouse) information only
- BU code = 2130
- Student (and spouse) 2014 federal income tax return, if required*
- Signed federal return & W-2 forms OR Non-Filing Statement & W-2 forms
- Federal Direct Stafford Loan Processing Request Form
- Federal Direct Graduate PLUS Loan Processing Request Form - Available in late spring
- BU Law Federal Work-Study Application
*Tax returns are required for students who do not select the IRS Data Retrieval option on the FAFSA to transfer their tax information to the FAFSA, and/or are specifically requested by the Law Financial Aid Office. See below for more information.
IRS Data Retrieval -
Students who have filed their 2014 IRS tax return may select the IRS Data Retrieval option on the FAFSA to transfer their tax information to the FAFSA. We strongly recommend that you select this option. This will streamline and expedite the processing of your financial aid application. In most cases students who select this option will not be required to submit their tax returns to the Financial Aid Office.
The recommended order is as follows:
- Complete your 2014 IRS tax return
- File the FAFSA
- Select “IRS Data Retrieval” on the FAFSA
Note: If you complete the FAFSA using estimated income information, you will be required to do one of the following upon completing your federal income tax return –
a) Submit a correction to your FAFSA record, or
b) Submit a copy of your signed federal return & W-2 forms to the Law Financial Aid Office
Important Note - Please be aware that we cannot renew your financial aid or process your loan application(s) if you have a balance of $199 or greater on your student account for the prior academic year.