Avg. Federal Grant
Avg. Federal Loan
Total Aid Awarded
Students Receiving Aid
Percent of Students Receiving Financial Aid.
Total Aid Amount
Average Total Aid Awarded per year.
Financial Aid Official Website
Boston University not only provides exceptional education, it also tries to make the education affordable to anyone who really wants to be a part of the institution. To do so, it provides a wide range of scholarships, grants, and student loans for the students to choose from. About 48% of the enrolled students receive some kind of financial aid, the amount of which comes up to $287,144,642. Let's look at some of the gift aid options that are available.
Scholarships, part of gift aids are mostly based on merit, however, in the case of Boston University, the scholarships are provided based on both merit and needs. Let’s look at both types.
BU Community Service Award: This is awarded to Boston high school graduates who are eligible for financial aids and apply by the deadline mentioned.
Charles River Housing Grant: This scholarship is given to students who meet the criteria for receiving financial aids and live in university housing in either Fenway or Charles River campus.
For more details on these scholarships and other need-based scholarships, please click here.
Brookline High Scholarship: This scholarship awards full tuition to selected Town of Brookline residents.
College of Fine Arts Scholarships: These scholarships are given to fine arts students who demonstrate exceptional artistic talent in the audition or through a portfolio review.
For more details on these scholarships, and other merit-based scholarships, please click here.
Much like scholarships, grants are also aids that you do not have to return. These are given out based on the financial needs of the students. Boston University provides both federal and state grants.
Federal Pell Grant: The grant is awarded to students who show the substantial requirement for finances according to the Pell Grant.
Federal Supplemental Education Opportunity Grant: FSEOG is awarded to students who are in exceptional need of grants.
To know more about these federal grants, click here.
Massachusetts Gilbert Grant: It is funded by the Commonwealth of Massachusetts and given to residents of Massachusetts who study in Boston University.
Other state grants: A lot of states do not let you use grants that the state provides, for other states. However, Delaware, Pennsylvania, Vermont, and Massachusetts are some of the states that let you use the state grants at Boston University.
To know more about state grants, click here.
Student Receiving Aid
Federal Grant Aid
State Grant Aid
Institution Grant Aid
Average Aid Awarded
Here we will be looking at financial aid breakdown, to provide you with approximate figures of financial aid and percentages of students receiving them.
Average Federal Aid Per Year
$30,001 - $48,000
$48,001 - $75,000
$75,001 - $110,000
As we have mentioned earlier, the financial aids are given based on financial needs too. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect. In the income group of $0 to $30,000, students can expect aids of approximately $54,555. For the next scale, which is $30,001 to $48,000, the students receive grants of $57,005 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001 to $75,001, students can expect grants of about $49,415. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001 to $110,000, the grant only covers $37,951, and the last cap which is anything above $110,000, the grant comes up to only $22,630.
Average Loan Amount
Average Loan Amount received per year.
Students Taking Out Loans
Loan Default Rate
Unlike the previous financial aid options, student loans are part of self-help aids, which means the amount received by the recipients is to be given back to the lender with interest, wherever applicable. Let's look at some of the student loans that Boston University students can avail.
To know more about student loans, click here.
Some things to keep in mind are that you have to fill FAFSA form to be eligible for financial aids.
You can use Boston University's planning calculator to find out the complete cost of attendance based on everything that needs to be deducted.
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