About the Loan: |
|
- Credit-based loan
- Covers up the cost of attendance
|
Eligibility Requirements:
To be eligible, loan applicant must: |
|
- Be a United States citizen or permanent resident
- Have been accepted into a degree program
- Plan to attend at least half-time (6 or more credits) each semester
- Be making satisfactory academic process
- Have no drug convictions
- Be within the maximum borrowing limit of $138,500
- Have no prior default
|
Academic Requirements:
Please read carefully. Failure to meet any of these requirements could lead to the cancellation of a Graduate PLUS Loan.
To be eligible, student: |
| |
- Must maintain good academic standing
(Please contact your department to learn more about academic standing)
- Must be registered for at least 6 credits (two classes) per semester
- Cannot receive financial aid for a previously taken course
|
|
Application Requirements:
There are four components for a Graduate PLUS Loan Application: |
| |
1. Free Application for Federal Student Aid (FAFSA)
May be completed online and must be completed every academic year
Federal School Code for Boston University: 002130
2. Entrance Counseling
May be completed online and must be completed by first-time borrowers from Boston University
3. Master Promissory Note
May be completed online (select Graduate Plus Loan)
Can be used to make one or more loans for one or more academic years (up to ten years)
4. Summer 2008 Grad PLUS Loan Request Form [PDF file]
5. 2008/2009 Grad PLUS Loan Request Form [PDF file]
Complete and fax to the Metropolitan College Graduate Financial Aid Office: 617-353-4190
|
Loan Process:
Inquire about the Graduate Plus Loan process at the Boston University Office of Financial Assistance.
Refunds:
Students must request a refund via e-mail to finanaid@bu.edu. Please allow two weeks for the check to be processed.
|