financial aid forms
This application is required each academic year for all School of Theology students who want to apply for financial aid (including Merit Scholarship, Dean’s Fellowship/Scholarship, and Doctoral Fellowship recipients). It is also for the use of applicants to the School of Theology. On this form, students provide personal information (such as address and denomination) and can also request federal loans and/or list any outside awards that they have applied for/received.
* Depending on the type of scholarship a student has received, the FAFSA may also be required. Please see the list below to determine which category matches you. The information there will instruct you as to whether you are required to complete the FAFSA in addition to the required STH Financial Aid Application.
** For tax link information for both U.S. citizens/permanent residents and international students, scroll down this page.
The FAFSA is required each academic year for School of Theology students who are U.S. citizens and permanent residents and are applying for a Tuition Scholarship or a federal unsubsidized loan. The list below will help you determine if you need to submit a 2013-2014 FAFSA. The Title IV code to submit your FAFSA to Boston University School of Theology is 002130. The FAFSA requires a minimum of 5-7 business days to transmit to Boston University.
The 2013-2014 FAFSA application opens on January 1, 2012. It is required that you use the IRS Data Retrieval tool if you are presented with the option to do so. The IRS data retrieval tool will allow you to import your 2012 tax information directly from the IRS to improve the accuracy of your FAFSA data. It is strongly recommended that you wait to file your 2013-2014 FAFSA until at least two weeks after you file your 2012 tax return so that the IRS data retrieval tool will be available to you. Otherwise, you will have to correct your FAFSA at a later date once you have filed your 2012 taxes.
For students who will not be filing a 2012 tax return (e.g. those who had no income) and are therefore ineligible to use IRS Data Retrieval, a separate income verification process is used for those who wish to borrow a federal unsubsidized loan. If you do not use IRS tax retrieval to complete your 2013-2014 FAFSA, your application will be selected for verification and you will need to provide an IRS tax transcript (which will take a minimum of 10 business days to receive from the IRS). Students who estimate their financial FAFSA data will not be eligible for federal aid.
As a graduate student, only your own financial information is to be included on the FAFSA. Do not include your parent(s)/guardian(s) data.
* The list below will help you determine whether you need to complete a 2013-2014 FAFSA in addition to the required STH financial aid application:
* If you are a returning student who had a federal work study and/or a Perkins loan in the previous academic year and you want to receive it again, you must complete the FAFSA with IRS Data Retrieval regardless of the type of scholarship you receive from the School of Theology. Federal work study and Perkins loans are considered need-based aid.
* Applicants/incoming students who want to be considered for federal work study and/or a Perkins loan must complete the FAFSA with IRS Data Retrieval regardless of the type of scholarship they have received from the School of Theology.
- Tuition Scholarships (M.Div., MTS, MSM, STM) require: STH Financial Aid Application PLUS 2013-2014 FAFSA completed using IRS Data Retrieval. *International students DO NOT need to submit the FAFSA to apply for a Tuition Scholarship. Tuition Scholarships are need-based, which is why the FAFSA is required for U.S. citizens and permanent residents regardless of whether the student is requesting federal loans.
- Merit Scholarships/Dean’s Fellowships/Dean’s Scholarships/Doctoral Fellowships for students NOT requesting federal loans require: STH Financial Aid Application ONLY.
- Merit Scholarships/Dean’s Fellowships/Dean’s Scholarships/Doctoral Fellowships for students REQUESTING FEDERAL LOANS require: STH Financial Aid Application PLUS 2013-2014 FAFSA completed using IRS Data Retrieval.
- Doctoral students who have completed coursework and are entering their third year and will be taking 2 credit directed studies in 2013-2014 and DO NOT WANT TO REQUEST FEDERAL LOANS require: STH Financial Aid Application ONLY.
- Doctoral students who have completed coursework and are entering their third year and will be taking 2 credit directed studies in 2013-2014 and WANT TO REQUEST FEDERAL LOANS require: STH Financial Aid Application PLUS 2013-2014 FAFSA completed using IRS Data Retrieval.
- Doctoral students who have completed coursework and are no longer eligible for STH financial aid who WANT TO REQUEST FEDERAL LOANS require: STH Financial Aid Application PLUS 2013-2014 FAFSA completed using IRS Data Retrieval.
- Doctoral students who have completed coursework and are no longer eligible for STH financial aid who do not want federal loans do not need to complete any financial aid applications.
** Tax Links
When completing your 2012 tax return, please be sure to consult the following information from the IRS on what is taxable income for students. Information for international students from the IRS can be found here. The BU Payroll Office provides tax information for international students here. General tax information from the IRS for students is here. If you have questions on what is taxable income for you, please consult a tax professional. BU policy bars financial aid coordinators from tax advising.
Incoming students must apply for financial aid prior to matriculation into STH – June 15th deadline for September matriculation, December 15th deadline for January matriculation.
Returning students must reapply each May for the upcoming academic year. Students will be notified of the exact deadline by the Office of Registration and Financial Aid.
Prospective students are welcome to submit their STH financial aid application materials prior to receiving word as to whether or not they have been admitted. However, please be aware that financial aid will only be processed for incoming students who have been accepted to STH and who have notified STH that they will attend.
Scholarships, grants, and loans are available from a number of denominational, humanitarian, and other agencies. The School of Theology is aware of some outside scholarships for qualified students and assumes that students will apply for any and all outside funds for which they are eligible. In addition, students are expected to indicate on the STH Financial Aid application any awards for which they are applying and to notify the School of Theology in writing of any outside awards received. These awards must be factored into the student’s financial aid package. Outside awards may reduce the student’s eligibility to borrow federal funds or receive work study.