Financial Aid

Financial Aid for Graduate Students

For many students, financial assistance is essential in funding their education. Our goal is to ensure that all students with the drive and determination to complete our professional programs have the opportunity to do so.

As a Boston University student, you may be eligible for graduate financial aid in the form of Federal Student Loans such as the Direct Stafford Loan or Graduate PLUS Loan, private educational loans, assistantships, or scholarships.

Federal Financial Aid

Applying for federal financial aid is as simple as one-two-three (and four). As a graduate student, you may be eligible for two types of federal financial aid - the Federal Direct Stafford Loan or Graduate PLUS Loan.

To be eligible for Federal Financial Aid, you must:

The Federal Direct Stafford Loan is a low-interest loan for graduate students available for face-to-face, online and blended-format classes. The maximum amount that can be borrowed every two semesters is $20,500 (or $10,250 per semester). You may qualify for:

Requesting a Federal Direct Stafford Loan is as simple as one-two-three (and four).

Step 1 - Complete the FAFSA (Free Application for Federal Student Aid)

Step 2 - Fax in Loan Request Form

Step 3 - Complete Entrance Counseling

Step 4 - Complete Master Promissory Note

The Graduate PLUS Loan is a credit-based loan that covers the cost of attendance (such as tuition, books, living expenses, etc.) There are four steps to applying to requesting a Graduate PLUS Loan:

Alternate Loan Options

There are many private institutions that lend money to part-time working professionals to cover educational expenses. Private loans are available for less than half-time study, non-degree seek students, and are also available to international students (must have a U.S. citizen/permanent resident co-signer). To learn more, please visit www.bu.edu/finaid/loans/credit/grad-other/index.html.

For additional questions, please contact an Enrollment Advisor by phone at 617.358.3993 or by email at finanaid@bu.edu.

Scholarships

There are many different types of public and private scholarships available to a diverse range of students. While there are currently no scholarships available at BU, opportunities may be available from outside sources. They usually require applicants to meet specific academic, social, or economic requirements that are unique to each scholarship program.

Be sure to thoroughly explore all scholarship materials for detailed requirements and disbursement information. You can conduct a free scholarship search at www.FederalStudentAid.ed.gov/funding.

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