{"id":7264,"date":"2024-07-10T17:05:19","date_gmt":"2024-07-10T21:05:19","guid":{"rendered":"https:\/\/www.bu.edu\/grad\/?page_id=7264"},"modified":"2024-07-17T13:06:44","modified_gmt":"2024-07-17T17:06:44","slug":"fall-2024-bills","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/grad\/admission-funding\/financing-your-education\/fall-2024-bills\/","title":{"rendered":"Financial Aid and Student Accounts (Fall 2024)"},"content":{"rendered":"

As we navigate through the implementation of FAFSA Simplification and Boston University\u2019s new student information system, we are writing to provide an update on the delays in awarding financial aid for the Fall 2024 semester. Your fall bill may not include scholarship or aid awards when it is first posted in MyBU Student; generally, and in future semesters, your charges and financial aid should post around the same time.<\/span>\u00a0<\/span><\/p>\n

Fall bills and financial aid will be updated by early August. Student Accounting Services is aware of these delays and is adjusting <\/span>late payment fees<\/span><\/a> as needed.<\/span><\/p>\n

Below are some frequently asked questions about the delay.\u00a0 Please direct specific questions to your graduate financial aid office<\/a>.<\/p>\n

General Information<\/h2>\n

When will I be able to see my financial aid information in the MyBU Student Portal?<\/h4>
<\/p>\n

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.<\/p>\n

<\/div>\n<\/div>\n\n

When is payment due for the Fall 2024 semester?<\/h4>
<\/p>\n

Payment Deadlines <\/span>are posted on the <\/span><\/span>Student Accounting Services\u2019 website<\/span><\/span><\/a>.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

Will I receive a late fee if my financial aid is not posted by my deadline?<\/h4>
<\/p>\n

Student Accounting Services is aware of the<\/span>se<\/span> extenuating circumstances <\/span>and will <\/span>delay\/waive<\/span> late fees accordingly<\/span> for<\/span> eligible financial aid recipients<\/span>.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

How do I update or waive the Student Health Insurance Plan (SHIP)<\/h4>
<\/p>\n

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<\/a>.\u00a0<\/span><\/span><\/p>\n

<\/div>\n<\/div>\n\n

I believe one or more of the charges on my bill may be incorrect. What should I do?<\/h4>
<\/p>\n

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.<\/span><\/span><\/p>\n

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.\u00a0<\/span><\/span><\/p>\n

If you have any other questions about your bill, please reach out to Student Accounting Services<\/a>.<\/span><\/span><\/p>\n

<\/div>\n<\/div>\n\n

Information for Federal Direct Loan Borrowers<\/h2>\n

What steps do I need to take to borrow a federal direct unsubsidized loan?<\/h4>
<\/p>\n

C<\/span>omplete the <\/span><\/span>2024-25 FAFSA<\/span><\/span><\/a>. First time borrowers at BU also need to complete the <\/span><\/span>Master Promissory Note (MPN)<\/span> for Subsidized and Unsubsidized Loans<\/span><\/span><\/a> and <\/span><\/span>Graduate\/Professional Entrance Counseling<\/span><\/span><\/a>.<\/span> Some schools and colleges at BU require the submission of a direct loan request form and will communicate this with students directly.<\/span> <\/span>Otherwise<\/span>, keep an eye on your email and MyBU Student Portal for <\/span>additional<\/span> upda<\/span>tes.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

What steps do I need to take to borrow a federal direct graduate PLUS loan?<\/h4>
<\/p>\n

Complete the <\/span><\/span>2024-25 FAFSA<\/span><\/span><\/a>. <\/span>T<\/span>hen, t<\/span>o request a Graduate PLUS Loan for the 2024-2025 Academic Year, complete the <\/span><\/span>24-25 Federal PLUS Loan Application<\/span><\/span><\/a>. First time PLUS borrowers should also complete <\/span><\/span>Graduate\/Professional Entrance Counseling<\/span><\/span><\/a>. First time PLUS borrowers and those who have borrowed with an endorser in the past should also complete a\u00a0<\/span><\/span>Master Promissory Note (MPN) for Direct PLUS Loans<\/span><\/span><\/a>.<\/span> <\/span>Then keep an eye on your email and MyBU Student Portal for updates.\u00a0<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

Do I need to accept my federal direct unsubsidized and\/or graduate PLUS loan?<\/h4>
<\/p>\n

Yes. <\/span>Once <\/span>a loan<\/span> is posted to your account, <\/span>you will need to accept the loan amount through the <\/span>MyBU Student Portal.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

When I will receive funding for living expenses?<\/h4>
<\/p>\n

We are on track to disburse funding for living expense refunds for students who request loan amounts above tuition and fees f<\/span>or Fall 2024.<\/span><\/p>\n

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 <\/span>contact SFS<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

Information for PhD Students<\/h2>\n

I am a funded PhD student. When will my scholarship, health insurance credits, and other credits appear on my bill?<\/h4>
<\/p>\n

Entering and returning PhD students who <\/span>have registered and <\/span>are eligible to receive tuition and fee scholarships and health insurance credits <\/span>should <\/span>see these credits reflected on their bills <\/span>by the middle of August.<\/span> If you do not see the credit by the end of August, please contact your <\/span>school\u2019s<\/span> <\/span><\/span>financial aid office<\/span><\/span><\/span><\/a>.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n

Information for Private (credit-based) Loan Borrowers<\/h2>\n

When will my private student loan be certified?<\/h4>
<\/p>\n

Private loans will be certified for the 2024-25 academic year through July and August<\/span>.<\/span><\/span>\u00a0<\/span><\/p>\n

<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

As we navigate through the implementation of FAFSA Simplification and Boston University\u2019s new student information system, we are writing to provide an update on the delays in awarding financial aid for the Fall 2024 semester. Your fall bill may not include scholarship or aid awards when it is first posted in MyBU Student; generally, and […]<\/p>\n","protected":false},"author":9377,"featured_media":0,"parent":1723,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/pages\/7264"}],"collection":[{"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/users\/9377"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/comments?post=7264"}],"version-history":[{"count":31,"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/pages\/7264\/revisions"}],"predecessor-version":[{"id":7303,"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/pages\/7264\/revisions\/7303"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/pages\/1723"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/grad\/wp-json\/wp\/v2\/media?parent=7264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}