ByAn In-Depth Guide to Boston University Financial Aid
Having a diverse and academically impeccable student population and plenty of top-level study programs that cater to everybody’s needs, it’s no wonder Boston University (BU) is among the top 5% of the best schools in the United States. Are the University’s tuition and attendance costs, reaching up to $76,656, deterring you from becoming a prospective student, though?
Luckily, the Boston University financial aid program can help you reduce your expenses, and this guide will explain who qualifies for it, what the application process entails, and if necessary!
What Types of Financial Aid Does Boston University Offer?
Boston University offers the following types of financial aid:
- Grants
- Scholarships
- Student work opportunities
- Loans
Grants at Boston University
Check out all grants available at BU and their award amounts:
| Category | Grants | Amount per Academic Year |
|---|---|---|
| Federal | Federal Pell Grant | Up to $6,495 |
| Federal Supplemental Education Opportunity Grant (SEOG) | Up to $4,000 | |
| State | Massachusetts Gilbert Grant | Up to $2,500 |
| Massachusetts Part-Time Grant | Minimum of $200—The maximum amount depends on Boston University |
Boston University students can apply for grants issued by their home states if they come from:
- Delaware
- Pennsylvania
- Vermont
Boston University Financial Aid—Scholarships
Check out all scholarships you can apply for at Boston University:
| Category | Scholarships |
|---|---|
| First-year merit-based awards |
|
| Transfer merit awards |
|
| Need-based awards |
|
Student Employment Opportunities at Boston University
Boston University students can opt for one of the two student employment programs:
- Federal Work-Study—Students attending Boston University earn between $2,000 and $2,600 on average during one academic year
- Student employment
You can work from 8 to 12 hours per week and explore available on- and off-campus positions on the University’s Job Board.
Boston University Financial Aid—Loans
If the combination of all previous types of aid does not meet your financial needs, you can choose between the following loaning options at Boston University:
- Federal Direct Student Loan
- Federal PLUS Loan
- State-sponsored loans
- Massachusetts No Interest Loan
- Private loans—require you to submit a Private Education Loan Applicant Self-Certification Form to your lender
Average Financial Aid Awards at Boston University
In the academic year 2020/2021, Boston University awarded:
- 49% of all first-year students with a financial aid package averaging around $54,000 per student
- 1,759 students with scholarships averaging $40,819 per person
- 635 students with grants valued at $7,103 on average
How To Apply for Boston University Financial Aid
To apply for financial aid, Boston University requires you to submit the following applications:
- Free Application for Federal Student Aid (FAFSA)—school code 002130
- College Scholarship Service (CSS) Profile—school code 3087
To receive maximum financial aid possible, submit your applications by the priority deadlines:
- Early decision—November 1
- Early decision 2—January 4
If you come across any issues while completing your applications, you can contact the Boston University Financial Aid Office for assistance by calling 617-353-2965 or sending an email to finaid@bu.edu.
What Can I Do if the Boston University Financial Aid Office Rejects My Application?
Students who feel that Boston University underestimated their financial needs can submit a Request for Financial Aid Reconsideration and include a financial aid appeal letter that explains the circumstances affecting their ability to afford tuition. An appeal letter can be a powerful tool to use to get more aid, and DoNotPay can help you write a convincing appeal in a flash!
Use DoNotPay To Request More Financial Aid From Boston University in a Flash!
Follow these steps to file an appeal with Boston University:
- Search for Appeal for More Financial Aid
- Explain the circumstances that increase your financial needs
DoNotPay will generate and send your custom appeal letter to Boston University in a matter of moments!
Check our learning center regularly for more financial-aid-related guides that answer frequently asked questions, such as:
- How does financial aid work for graduate schools?
- Do independent students qualify for more aid?
- How many credits do you need to get financial aid?
- What are my options regarding financial aid if I’m a resident of:
- How many years can you receive financial aid?
Alternatives to Boston University
Did Boston University not meet your financial needs? Don’t be discouraged because plenty of reputable schools have more generous financial aid offers, and we picked out a few for you to check out:
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