Lana Oconnell
Boston University offers a variety of funding options for master's students, including scholarships, fellowships, grants, loans, and employment opportunities. The university provides financial aid to both domestic and international students, with some scholarships specifically for international students. The Graduate School of Arts & Sciences offers merit-based scholarships to competitive incoming master's students, while other scholarships are awarded based on financial need. Additionally, graduate students may apply for federal and private educational loans, and there are numerous on-campus and off-campus job opportunities. Some master's students are also hired as research assistants by faculty and paid on an hourly basis.
| Characteristics | Values |
|---|---|
| Boston University's policy on financial aid | Financial aid awarded by Boston University may be used only for courses |
| Boston University employees are not eligible for GRS financial aid | |
| Boston University's financial aid does not cover the cost of audited courses for Master's students | |
| To receive Boston University financial aid, you must be a U.S. citizen or eligible non-citizen | |
| To qualify for University-administered financial aid, students must be enrolled in a degree program at BU | |
| Funding Sources | Federal Work Study is a program for U.S. citizens and permanent residents that promotes access to employment for students who demonstrate financial need |
| Graduate School of Arts & Sciences offers merit-based scholarships to competitive incoming master's students | |
| Graduate students may apply for federal and private educational loans | |
| Numerous on-campus and off-campus employment opportunities are also available | |
| The Department of Physical Education, Recreation & Dance makes available various graduate assistantships to students enrolled in a graduate degree program at Boston University | |
| The African Studies Center has a limited amount of funding for graduate students in the form of Foreign Language Area Studies (FLAS) Fellowships | |
| Outside Funding: funding that you apply for externally (i.e. home country, national organization, employer benefits) and use to help fund your education | |
| Awards | All BU graduate students are eligible to apply for awards such as the Clare Boothe Luce Fellowship, Martin Luther King, Jr. Fellowship, African Studies Fellowship, Whitney M. Young, Jr. Fellowship, Lu Lingzi Scholarship, and William V. Shannon Memorial Fellowship |
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What You'll Learn
Boston University's funding options for master's students
Boston University offers several funding options for master's students. These include scholarships, fellowships, loans, and employment opportunities.
The Graduate School of Arts and Sciences offers merit-based scholarships to competitive incoming master's students. Additionally, the BU Office of Fellowships & Scholarships lists both national and BU-sponsored fellowship awards for graduate students. All BU graduate students are eligible to apply for awards such as the Martin Luther King, Jr. Fellowship, the Whitney M. Young, Jr. Fellowship, and the Lu Lingzi Scholarship.
For international students, the African Studies Center offers a limited amount of funding in the form of Foreign Language Area Studies (FLAS) Fellowships. The Department of Physical Education, Recreation & Dance also offers graduate assistantships to students enrolled in a graduate degree program at Boston University, allowing for partial tuition remission and a stipend of approximately $4,000 per semester.
Master's students may also consider applying for federal and private educational loans. Federal Work Study is a program for U.S. citizens and permanent residents that provides employment opportunities to students with financial needs. Numerous on-campus and off-campus employment opportunities are also available, and some faculty members hire master's students as research assistants, paying them on an hourly basis.
To be eligible for Boston University-administered financial aid, students must be enrolled in a degree program at BU and be U.S. citizens or eligible non-citizens. Students can fill out the FAFSA (Free Application for Federal Student Aid) to qualify for need-based federal and/or institutional aid.
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Scholarships and fellowships
Boston University offers a variety of scholarships, fellowships, and grants to support Master's students. These opportunities can provide financial assistance and help offset the cost of tuition and living expenses. Here are some of the key scholarships and fellowships available:
Scholarships
- Merit-Based Scholarships: The Graduate School of Arts and Sciences offers merit-based scholarships to competitive incoming Master's students. These scholarships are awarded based on academic achievement and potential.
- Departmental Scholarships: Various departments at Boston University offer scholarships specific to their fields. For example, the Julia Child Student Writing Award is for Master of Arts students in Gastronomy, while the Massachusetts Department of Correction Academic Scholarship covers 100% of tuition for employees of the Massachusetts Department of Correction.
- Advancing the Arts Scholarship: This scholarship is dedicated to US-based applicants to the Arts Administration program who have faced personal challenges or barriers to their participation in the arts. It aims to support individuals committed to making the arts accessible to all.
- Megan McClung Memorial Fund: This fund provides merit scholarships to Metropolitan College students pursuing the online Master of Science in Criminal Justice.
- Rosalyn S. White Endowed Scholarship Fund: Offered to nontraditional students whose pursuit of a graduate degree was delayed due to personal obligations or circumstances.
- International Scholarships: Boston University offers scholarships specifically for international students. These include the Education Future International Scholarship, which is a partial funding opportunity available for students from various countries.
Fellowships
- Foreign Language Area Studies (FLAS) Fellowships: The African Studies Center offers a limited number of FLAS Fellowships to graduate students interested in foreign language studies.
- Graduate Assistantships: The Department of Physical Education, Recreation, and Dance offers graduate assistantships to students enrolled in a graduate degree program at Boston University. These positions provide partial tuition remission and a stipend of approximately $4,000 per semester.
- Research Assistantships: Occasionally, faculty members hire Master's students as research assistants, providing hourly pay. These opportunities depend on matching students' skills with faculty needs and are typically determined after a student has begun their coursework.
In addition to these scholarships and fellowships, Master's students at Boston University can explore federal and private educational loans, on-campus employment opportunities, and external funding sources to help finance their education.
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Loans and repayment
Boston University offers a range of funding options for master's students, including loans, scholarships, and other financial aid.
As a graduate student, you are eligible for the Federal Direct Unsubsidized Loan, which allows you to borrow up to $20,500 per academic year. This loan is available to all graduate students and offers flexible repayment options. The repayment process typically begins after a grace period, which is usually six months for Federal Direct Loans. During this grace period, interest may accrue, increasing the total amount to be repaid.
For those seeking additional funding, the Federal Graduate PLUS loan is a credit-based option that can cover the full cost of attendance, including tuition, living expenses, and loan fees. This loan also offers flexible repayment options, and first-time borrowers should complete entrance counselling and a Master Promissory Note (MPN).
It is important to note that the standard repayment term for Direct Loans is ten years, with monthly payments including principal and interest. However, there is an extended payment plan option that lowers the monthly payment amount by lengthening the repayment period to up to 25 years. This option results in paying more interest over the life of the loan.
To manage loan repayment effectively, it is recommended to keep billing addresses and contact information up to date with the lender. Additionally, exploring work-study programs and campus jobs can help supplement income and manage loan repayment.
In summary, Boston University provides access to federal loans with flexible repayment options for master's students. It is important to carefully consider the terms and conditions, interest rates, and repayment plans to make informed financial decisions.
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On-campus employment
International students in F-1 and J-1 immigration status are authorised to work on the Boston University campus during their program of study. There are two main types of positions and ways to be hired that qualify as on-campus employment at BU. Firstly, work that is paid directly by the Student Employment Office (SEO). Secondly, positions that are paid by a third party but are jobs meant for BU students and serving the BU community.
The Student Employment Office posts Quickie Jobs, which are short-term jobs that may be off-campus. If you were offered a Research Assistantship (RA) or Teaching Fellowship (TF) as part of your scholarship package, then this counts as an on-campus job and is considered a 20-hour job. If you have an RA or TF position, you cannot accept any additional on-campus job during regular semesters.
Students who have completed their freshman year can apply for selective student leadership positions, such as Orientation Leaders, Community Service Coordinators, and Resident Assistants in the dormitories. A Resident Assistant job is considered a 20-hour job, which means you cannot accept any other on-campus job during regular semesters.
If you are conducting contractually funded research that is a necessary part of a postgraduate program, you may qualify for on-campus work permission at a location that is educationally affiliated with Boston University. The educational affiliation must be associated with the University’s established curriculum or be related to contractually funded research projects at the postgraduate level.
The Department of Physical Education, Recreation & Dance offers various graduate assistantships to students enrolled in a graduate degree program at Boston University. These positions allow graduate students to take advantage of partial tuition remission at BU and earn a stipend of approximately $4,000 per semester.
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External funding
Boston University offers external funding opportunities for Master's students through various sources, including scholarships, assistantships, fellowships, and loans. Here are some details about these external funding options:
Scholarships
The Graduate School of Arts and Sciences at Boston University offers merit-based scholarships to competitive incoming Master's students. These scholarships are awarded based on academic merit and are a great way to fund your Master's degree.
Assistantships
The Department of Physical Education, Recreation, and Dance at Boston University offers graduate assistantships to Master's students enrolled in a graduate degree program. These assistantships provide partial tuition remission and a stipend of approximately $4,000 per semester. Assistantships are typically determined once a student has begun their coursework and are based on matching a student's skills with faculty needs.
Fellowships
The African Studies Center at Boston University offers Foreign Language Area Studies (FLAS) Fellowships to graduate students. These fellowships provide funding for students focusing on foreign language studies, particularly in African languages.
Loans
On-Campus Employment
Boston University's Student Employment Office assists enrolled students in finding on-campus employment opportunities through its Job Board and Quickie Job Services. These part-time jobs can provide a source of income to help fund a student's Master's degree. The office also guides students through the payroll process.
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Frequently asked questions
Boston University does provide funding opportunities for master's students. Funding can come in the form of scholarships, federal work-study, graduate assistantships, or loans.
Boston University offers a wide range of scholarships for master's students. Some examples include the Julia Child Student Writing Award, the Massachusetts Department of Correction Academic Scholarship, and the Megan McClung Memorial Fund. There are also scholarships specifically for international students and US veterans.
To apply for funding, you should first fill out the FAFSA (Free Application for Federal Student Aid). You can also look for jobs on campus, as many offices hire graduate students to help with the cost of living. Additionally, you can contact your school or college within Boston University for more specific financial aid information and advising.
