Financial Aid and Student Accounts (Fall 2024)

Some scholarships are posted, and we are continuing to work on posting remaining financial aid (scholarships, grants, loans, etc.) for the 2024-2025 academic year through July and August. We appreciate your patience while we continue to navigate challenges with the Department of Education’s FAFSA Simplification Act and changes in the new MyBU Student Information System.

Payment Deadlines are posted on the Student Accounting Services’ website. 

Student Accounting Services is aware of these extenuating circumstances and will delay/waive late fees accordingly for eligible financial aid recipients. 

Visit the ‘Student Health Insurance’ section in the MyBU Student portal for options to waive, change plans, or purchase SHIP for students not automatically charged. For students for whom SHIP is required, you may only waive the plan provided you have other coverage that meets the comparable coverage requirements. For more information, see the Student Accounting Services Student Health Insurance page. 

Tuition and fee charges are based on your enrollment. If a change is made to your enrollment, you should expect any resulting adjustments to post to your student account within one to two business days.

There is an issue impacting some graduate and professional students that relates to your academic load (full-time/ part-time status). We are aware of this issue and are working on making updates to charges where appropriate. 

If you have any other questions about your bill, please reach out to Student Accounting Services.

Complete the 2024-25 FAFSA. First time borrowers at BU also need to complete the Master Promissory Note (MPN) for Subsidized and Unsubsidized Loans and Graduate/Professional Entrance Counseling. Some schools and colleges at BU require the submission of a direct loan request form and will communicate this with students directly. Otherwise, keep an eye on your email and MyBU Student Portal for additional updates. 

Complete the 2024-25 FAFSA. Then, to request a Graduate PLUS Loan for the 2024-2025 Academic Year, complete the 24-25 Federal PLUS Loan Application. First time PLUS borrowers should also complete Graduate/Professional Entrance Counseling. First time PLUS borrowers and those who have borrowed with an endorser in the past should also complete a Master Promissory Note (MPN) for Direct PLUS Loans. Then keep an eye on your email and MyBU Student Portal for updates.  

Yes. Once a loan is posted to your account, you will need to accept the loan amount through the MyBU Student Portal. 

We are on track to disburse funding for living expense refunds for students who request loan amounts above tuition and fees for Fall 2024.

For medical, dental, and physician assistant students whose fall semesters have begun or will begin before September, you may be eligible for an advance of your requested loan funding. Student Financial Services (SFS) on the Boston University Medical Campus has emailed eligible populations and will continue to be in contact through July and August. If you have any questions, please contact SFS. 

Entering and returning PhD students who have registered and are eligible to receive tuition and fee scholarships and health insurance credits should see these credits reflected on their bills by the middle of August. If you do not see the credit by the end of August, please contact your school’s financial aid office. 

Private loans will be certified for the 2024-25 academic year through July and August.