BU MET > student center > graduate financial aid > graduate plus loan

Graduate Financial Aid: Student Loans

Graduate PLUS Loan

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 2009 Grad PLUS Loan Request Form

5. 2009/2010 Grad PLUS Loan Request Form

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.