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National Application Center :: campus tours :: Boston University costs & financial aid

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Boston University

Boston University
1 Silber Way
Boston, MA 02215

Official telephone: (617) 353-2000
Fax number: (617) 353-9695
Website: www.bu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Christine McGuire,
Associate Vice President and Executive Director of Financial Assistanc
Contacting the office: 617 353-2965
617 353-8200 (fax)
finaid@bu.edu
FAFSA number: 002130
CSS/PROFILE number: 3087

EXPENSES
Undergraduate tuition: $49,176; $49,176 out-of-state
Additional required fees: $1,064
Book fees: $1,000
Miscellaneous expenses: $1,950
Other expenses: Transportation, personal, miscellaneous.
Combined room and board expenses: $14,870

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 1noN/A
CSS/Financial Aid PROFILEFebruary 1noN/A
Noncustodial (Divorced/Separated) Parent's StatementFebruary 1noN/A

Date award notification begins: mid-March
Applied for financial aid:
39% of first-year students
38% of full-time undergraduates
3% of part-time undergraduates
Determined to have financial need:
94% of first-year students
97% of full-time undergraduates
31% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
88% of first-year students
89% of full-time undergraduates
200% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
8% of first-year students
5% of full-time undergraduates
25% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
40% of first-year students
30% of full-time undergraduates
75% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
93% for first-year students
88% for full-time undergraduates
76% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$42,183 for first-year students
$38,952 for full-time undergraduates
$13,983 for part-time undergraduates
Average need-based gift award:
$35,715 for first-year students
$32,397 for full-time undergraduates
$9,831 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$6,554 for first-year students
$6,303 for full-time undergraduates
$4,482 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$5,640 for first-year students
$5,605 for full-time undergraduates
$4,482 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
6% of first-year students
8% of full-time undergraduates
15% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$20,990 for first-year students
$17,925 for full-time undergraduates
$2,918 for part-time undergraduates
Students who received a non-need-based athletic award:
2% of first-year students
2% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$39,897 for first-year students
$44,462 for full-time undergraduates
$22,686 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 40%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
Percent of undergraduates who have borrowed through all loan programs: 53%
Average student debt upon graduation: $40,365
Types of payment plans:
  • Academic Management Services (AMS)
  • prepaid tuition plan.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships
  • ROTC scholarships

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.