Instructions for completing the Application for Financial
Aid
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Boston University School of Theology awards financial aid
to assist students who could not otherwise afford the educational
expenses associated with study at this institution. Virtually
every student who applies will qualify for a scholarship
at
the School of Theology. Some students are selected to receive
scholarships based on their previous academic record. Other
students receive a need based scholarship to assist in the
payment of tuition and fees. All School of Theology students
benefit from reduced tuition at the Boston University. Tuition
for full-time attendance in the academic year 2005-2006
is
$13,120. The per credit charge for part-time registration
is $410. The Doctor of Ministry per credit rate is $375.
Please
see the Financial Information section of the School
of Theology Bulletin for a more complete
description of the financial aid program.
To be eligible to receive any financial aid at the School
of Theology (Scholarships for Merit, need based Tuition Scholarships,
Federal Loans, Work Study, etc.), students must submit:
- the Application for Financial Aid
- scores from Free Application for Federal Student Assistance
(FAFSA). Financial aid will not be awarded until these
items
are received. All returning second and
third year students must send items 1 and 2 to the Director
of Registration and Financial Aid by May 15, 2005. Late
applications are subject to a reduction or denial of aid.
Here are instructions for completing the Application
for Financial Aid. This application has
two
pages. Incomplete applications will not be processed.
Personal Information
Provide the School of Theology with your name, Social
Security Number or BUID if you have one. Also provide
your current address, your summer address, or the address
you would prefer the Office of Registration and Financial
Aid use to contact you during the summer. If either of
these addresses
change prior to the start of classes in September or January,
you are required to notify the Office of Registration and
Financial Aid.
Academic Information
Please list the degree program and year you entered the program
(or will enter the degree program). Will you register
during the next academic period as a full-time student (12
to 18 credit hours) or as a part time student (fewer than
12 credit hours)? Note that one course usually equals
four credit hours. The normal full-time course load is four
classes, or 16 credit hours.
Please review the Academic Information
section carefully. Financial aid is renewable each semester
for the normal length of a degree program. If after that period
additional course work must be undertaken to make up for deficiencies,
financial aid will be awarded based on available funds. Two
semesters of part-time financial aid equals one semester of
full-time financial aid.
Financial Aid for Which I am
Applying
Indicate the specific financial aid programs for which you
would like to be considered.
Students who are eligible to be considered
for the Scholarship for Merit or a Doctor of
Theology Fellowship will be notified by the School of
Theology. Marking this item will not result in a review by
the Scholarship Committee unless the applicant’s admissions
file has been sent to the Committee. Scholarships for Merit
are awarded for the semester of initial enrollment at the
School of Theology and are subject to academic review each
semester thereafter.
Please list any grants, awards, loans, or scholarships you
have applied for, or will apply for outside Boston University.
For example, if you expect a scholarship from your local church,
please list the kind of award and the anticipated amount.
If you want to be considered for a Federal Direct Subsidized
or Unsubsidized Loan, please indicate the amount you wish
to borrow from each federal loan category. Refer to the following
brief description to determine the amount you wish to borrow.
About the Federal Direct Loan Program
Boston University has been chosen by the U. S. Department
of Education to participate in the Federal Direct Stafford/Ford
Loan Program. All University students will receive their
student
loans through this program, which has the same loan limits,
interest rates, and fees as the Federal Stafford Loan Program.
The Federal Direct Stafford/Ford Loan is a low-interest
loan available for post-secondary educational expenses.
Most matriculated
students are eligible for a Subsidized and/or Unsubsidized
Direct Stafford/Ford Loan.
The loan is made directly to the student who is responsible
for repayment. The interest rate for new loans is a variable
rate that is set annually in July, and is equal to the 91-day
T-Bill plus 3.10%, but is capped at 8.25%.
Subsidized Direct Loan - You will not
be charged interest until you begin re-payment. Repayment
begins six months after you cease to be enrolled at least
half-time. Maximum eligibility is $8,500 for graduate students.
Unsubsidized Direct Loan - The government
will not pay interest on your loan while you are enrolled,
as it does for the Subsidized Direct Loan. Interest accrues,
and must be paid or capitalized during periods of in-school
enrollment and/or deferment. Maximum eligibility is $10,000
for graduate students.
There is a 3% origination fee and a 1% guarantee fee deducted
from your loan prior to disbursement.
Authorization
Statement: Release of Data
You must authorize the School of Theology to release
your financial information to agencies other than
Boston University. Outside agencies might include church,
denominational,
fraternal organizations, religious orders, or private contributors.
Student Signature
This section is a statement which indicates that
you need financial aid to attend Boston University School
of Theology, and that you are aware of all documentation and
registration requirements associated with the receipt of financial
aid at this institution.
Return this Application to:
Ms. Cheryln Gates
Office of Registration and Financial Aid
Boston University School of Theology
745 Commonwealth Avenue
Boston, Massachusetts 02215
IF YOU HAVE READ AND UNDERSTAND THE ABOVE INSTRUCTIONS,
CLICK HERE TO PROCEED TO THE
SUBMISSION FORM.
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