Financial Aid for Transfer Students

We understand that as a transfer applicant you have done this before, but we urge you to take a minute and review the Boston University information about financial aid for transfer students, as schools may differ in the requirements and money offered. Need-based Boston University scholarships are offered on a competitive basis. Various factors are considered including calculated financial eligibility, academic achievement, the availability of funds for your program of study, and other factors.

And when it comes to college expenses you can’t plan one year at a time. You need to plot out how you’re going to pay for the entire program, from start to finish. That’s why with the BU Scholarship Assurance your Boston University scholarship will be renewed at the same level each year – guaranteed – with no additional CSS Profile™ required.

Both the CSS Profile™ and the FAFSA are required to apply for BU-funded financial aid as a first time recipient. However after the first year BU need-based scholarship aid is guaranteed at the same level as the prior year and no Profile™ or FAFSA is required.

Only the FAFSA is required to apply for federal aid and state grants, and for these funds the FAFSA must be filed each year. We strongly encourage you to use the IRS Data Retrieval Tool to import your IRS federal income tax information from the IRS to your FAFSA. This will streamline the application process and help you avoid errors which can cause processing delays.

The 2018-2019 CSS Profile™ and FAFSA are both available starting October 1, 2017. You will receive a financial aid decision along with your admissions decision if you file both forms by the deadline.

As a Boston University transfer applicant answer CSS Profile™ question, “Has the student applied for financial aid at this institution before this year?” by selecting, “First time applicant, entering student, including transfers.”

Note: For many students the Boston University funded financial aid is an important component in meeting the costs of enrollment.

  • 2018-2019 FAFSA
  • 2018-2019 CSS Profile™
    • If your biological or adoptive parents are divorced, separated, and/or do not share the same household list both parents (and any stepparents if applicable) on your Profile, as instructed. The parent you live with most must provide their information on your FAFSA and Profile. Your other (noncustodial) parent must also complete a Profile, which will be appended to your Profile later. Enter your other (noncustodial) parent’s email address on your Profile, as instructed, so CSS can send them information on how to create their separate Profile account log-in.
    • Submit a CSS Profile™ Waiver Request for the Noncustodial Parent if getting a CSS Profile™ from the other (noncustodial) parent will be impossible.

Other forms may also be required.

Q. Should I wait for an admission decision before applying for financial aid?

A. No. It could be too late to receive full consideration for financial aid if you delay submitting your application for any reason. Apply even if you haven’t filed your taxes yet; the financial aid application lets you estimate your income, so do not wait.


Q. Do all students who apply for need-based aid receive it?

A. No. Boston University makes every effort to assist students with calculated financial eligibility and high academic achievement, measured against the credentials of other admitted students, but we do not have sufficient funds to help every eligible student.


Q. What factors are considered when awarding Boston University Need-based Scholarships?

A. BU Need-based Scholarships are offered based on several factors, including calculated financial eligibility, academic achievement, the availability of funds for your program of study, and other factors.


Q. Can transfer students work on campus?

A. Yes. A number of attractive job opportunities are available to any student who wants to work on campus through the Student Employment Program.


 

Q. What is the average BU need-based scholarship for transfer students?

A. Last year the average need-based BU scholarship received by our enrolled transfer students was $24,500.


Q. If after receiving financial aid, there is still a gap, are there other loan options?

A. We encourage students and their families to borrow responsibly and carefully consider the full duration of their enrollment and potential monthly payments before making a loan commitment. Credit-based loan options include private, state and federal loans. Information about credit-based loans and resources to help you evaluate them and your options are on our loan page.

Download and print the checklist and use it to help you manage your way through the process.

Download a printer friendly version of the Transfer Student Checklist.

Apply

  • Note all applicable deadlines.
  • Submit the 2018-2019 FAFSA.
  • Submit the 2018-2019 CSS Profile™.
    • If your biological or adoptive parents are divorced, separated, and/or do not share the same household list both parents (and any stepparents if applicable) on your Profile, as instructed. The parent you live with most must provide their information on your FAFSA and Profile. Your other (noncustodial) parent must also complete a Profile, which will be appended to your Profile later. Enter your other (noncustodial) parent’s email address on your Profile, as instructed, so CSS can send them information on how to create their separate Profile account log-in.
  • Submit a CSS Profile Waiver Request if getting a Profile from your other (noncustodial) parent will be impossible.
  • Regularly check your BU Applicant Link and email for requests for additional information.

After You Receive Your Financial Aid Decision

  • If possible, attend your school/college Open House and meet with a BU Financial Assistance representative or contact BU Financial Assistance with questions.
  • Create a plan for financing your education at our planning page.

Within Two Weeks of Your Admissions Decision

  • Acknowledge your Financial Aid Award via the Applicant Link.
  • Submit your Enrollment Deposit.

After Paying Your Deposit

We want to do all we can to take your particular circumstances into consideration.  We encourage you to contact our office with any questions about your financial aid.