What is the single most important thing a student should do before applying for financial aid?
You should read the materials carefully. Please begin by thoroughly reviewing the information in the Financial Assistance section of this site. It is important to be well informed of all the options so that you don’t miss out on opportunities to help fund your studies.
Once I have been admitted, what sort of financial assistance package will I receive?
The only form of assistance that is part of the admission process is scholarship and fellowship funding. You will receive notification about merit scholarship and fellowship awards in your admission packet. You will be notified about all other scholarships at a later date.
Admitted students should review the information from the Financial Assistance Office that they received in their admission packet. If you are interested in receiving Federal Financial Aid, please complete the “Federal Financial Aid Interest Sheet”. Please also feel free to contact the Office of Graduate Financial Assistance. We are happy to help you put your aid package together.
What type of Financial Assistance is available for the Summer term?
If you are enrolled in a degree program and registered for 6 credits or more during the summer term, you may be eligible for a Summer Direct Stafford Loan. It is necessary to submit the loan request form, which is available online near the end of the Spring semester. To be considered for Federal Financial Aid, you must submit a FAFSA for the upcoming academic year and complete your summer registration before submitting the request form. If additional funds are necessary, the summer Graduate PLUS loan is also an option
What does Boston University do to encourage and support teachers and the teaching profession?
The University is committed to teachers—one of the primary reasons for our discounted evening rate is because many teachers who are working during the day are unable to take classes except for the evening. Field Associate Scholarships are available to teachers who have supervised SED students as their student teachers.
What are the scholarship options for incoming graduate students and how do I apply for them?
There are various scholarships for incoming graduate students. There is no additional application needed for the Merit Scholarships. These awards are made at the time of application review by the academic programs. For the other scholarships, an additional essay is required and is submitted along with your application to admissions.
Can I receive my scholarship in the Summer term or have the entire amount applied in the same semester?
No, all scholarships and doctoral fellowships are applied to a student’s account evenly across the Fall & Spring semesters unless otherwise noted on your award letter in your admissions packet.
My program is a two year program and I was offered a scholarhip for the first year. Am I guaranteed a scholarship for the second year?
No, you are not automatically guaranteed a merit scholarship the second year of your program. You will need to apply for the “Continuing Student Merit Scholarship,” which is due mid-April. Students will be notified in eJune if they received funding
How do I apply for federal loans?
Make sure you complete the FAFSA, Entrance Counseling, & sign the Master Promissory Note. Then download the appropriate loan request forms from the Federal Financial Assistance section of our website. Complete these loan request forms and submit them to the SED Financial Assistance Office.
When will my loans disburse to my student account?
Loans usually disburse to students’ accounts two weeks prior to the start of the semester, if students have successfully submitted a loan request form, completed loan counseling, and signed the Master Promissory Note in ample time for processing. It will generally take 7-10 days to fully process a loan.
How do I request my loan refund to use for living expenses?
Loans refunds are available on or after the first day of the semester. To request a refund go to the student link > Money Matters > Student Account Inquiry and on the top of the screen is the link for Request a Refund. Click on the link and follow the instructions. The refund will be direct deposited to your bank account.
My financial situation has changed. I initially requested more in loans than I actually need. Can I reduce or cancel my loans?
We realize that financial situations can change for the better, and we are happy to hear this. You are able to adjust any of your loans (Perkins, Stafford, PLUS) as long as your request is processed during the award period of the loan. It will be your responsibility to make sure that there is a credit on your student account.
If you received the loan during the academic year, you will need to complete the Loan Adjustment Form to reduce or cancel your loan as long as this is done before the end of the academic year. If you request an adjustment after the disbursement of the fall semester has been received, Boston University reserves the right to make the entire requested adjustment to the Spring semester disbursement
If you received the loan during the Summer term, you will need to submit the Summer Loan Adjustment Form prior to the end of the Summer term in which you are requesting an adjustment.
How do I defer my loans from a previous institution?
A student who has prior educational loans with in-school deferment provisions can defer payments as long as the student is seeking a degree and enrolled in at least 6 credits. Boston University has contracted with the National Student Clearinghouse to provide: Proof of Enrollment, Enrollment History, and Loan Deferment Information. You will need to log-in to the Student Link > Money Matters > Loan Deferment Notifications and complete the necessary steps. You may also choose to request an application for deferment from the school or lending institution that originally approved the loan. This form will need to be signed and completed by the Boston University Registrar Office.
Do international students on an F-1 visa face any particular obstacles when applying for financial aid?
International students have to produce documentation showing that they have financial support from their family or from a sponsor in order for the University to issue an I-20. If we offer a scholarship, students can include the aid we’re providing as part of their financial aid statement, but they still have to show that they have sufficient remaining funds. There are loans that are offered through U.S. sources to international students who have a U.S. cosigner or a U.S. sponsor, but in most cases loan options for international students are quite limited.
Our assistantships are also a source of support and an option for both international and domestic students. Depending on their various needs at any given time, departmental offices and professors hire graduate assistants. Teaching assistant positions may provide some tuition benefits as well as a stipend. It is unusual, however, for international students to receive graduate assistantship offers before arrival in the United States.
What types of funding are are available to international students?
International students may apply for SED general scholarships as well as any private funding that does not require US citizenship. Students are encouraged to review and apply for those Graduate Assistantships that they are qualified for in order to receive additional financial support during the academic year.