Savanna Hoffman
International students at Boston University are not eligible for federal financial aid, but there are other options for funding their education. Students on an F-1 Student Visa or J-1 Exchange Visitor Visa are required to submit financial documentation to confirm available funds for annual study costs. Boston University provides information on credit-based loans available to international students, and international graduate students may consider applying for graduate assistantships or private loans.
| Characteristics | Values |
|---|---|
| International graduate students' eligibility for scholarships or federal financial assistance | Not eligible |
| International students' ability to apply for graduate assistantships or private loans | Eligible after being offered admission |
| Submission of financial documentation | Required for students studying on an F-1 Student Visa or J-1 Exchange Visitor Visa |
| Full-time status requirement for students on an F-1 visa | 12 credits minimum |
| Availability of credit-based loans for international students | Yes |
| International students' eligibility for federal financial aid | Not eligible |
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What You'll Learn
- International students at Boston University must prove they can fund their studies
- Boston University offers credit-based loans to international students
- International students can apply for graduate assistantships
- Private loans are available from US lending organisations
- Boston University recommends EducationUSA for funding advice
International students at Boston University must prove they can fund their studies
To study at Boston University, international students must submit official documentation (a bank letter, bank statement, or credit reference from a bank) indicating the specific amount to support the minimum estimate of expenses. The university publishes an annual estimate of the tuition, fees, and living expenses to be used in the review of financial documentation before issuing immigration documents. Students can demonstrate their proof of funding from one or a few funding sources, including personal funds and family funds.
Additionally, international students on an F-1 Student Visa or J-1 Exchange Visitor Visa are required to submit financial documentation with their application. They must complete the Confidential Statement for Financing Studies and Sponsorship Support Confirmation to submit documents confirming available funds for the annual costs of study. The sources of support must be current and within 12 months of the starting date at Boston University.
International students can also explore external funding opportunities, such as scholarships and fellowships offered by organizations like the International Institute of Education (IIE). Boston University's Financial Assistance office provides information on credit-based loans available to international students, and organizations like EducationUSA can provide further guidance on securing funding and obtaining a visa.
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Boston University offers credit-based loans to international students
International students at Boston University are not eligible for federal financial aid, but the university does offer credit-based loans to international students. These loans are provided by external organisations, with Boston University recommending EducationUSA as a resource for international students seeking funding.
International students can also apply for graduate assistantships or private loans, although these often require a creditworthy US citizen or permanent resident as a co-borrower. Boston University does not recommend any particular lender or group of lenders to its students and families.
Students on an F-1 Student Visa or J-1 Exchange Visitor Visa are required to submit financial documentation, including the 'Confidential Statement for Financing Studies & Sponsorship Support Confirmation' form, to confirm they are able to fund their annual costs of study.
Boston University Medical Campus (BUMC) also provides an online financial wellness platform called Kindros, which is free to the BUMC community.
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International students can apply for graduate assistantships
Boston University is a leading private research institution with two primary campuses in Boston and programs worldwide. The university offers international graduate students the opportunity to apply for graduate assistantships or private loans after being offered admission.
International students at Boston University are not eligible for scholarships or federal financial assistance. However, they may explore alternative funding options to finance their education. One option is to apply for graduate assistantships, which can provide financial support during their studies. Graduate assistantships typically involve working in a department or faculty member's research project and can offer a stipend or tuition waiver in return for the student's contribution.
To be considered for a graduate assistantship, international students should research the opportunities available in their department or field of study. They may need to submit an application, including a statement of interest, resume, and letters of recommendation. It is also essential for students to have a strong academic record and demonstrate their commitment to their field of study.
In addition to graduate assistantships, international students at Boston University can explore private loans as a source of funding. These loans are offered by various lending agencies, and students are advised to carefully compare interest rates and repayment schedules before selecting a loan. Boston University recommends contacting EducationUSA, a US Department of State network that assists international students in securing funding and obtaining visas.
It is important to note that international students at Boston University are required to demonstrate their ability to fund their tuition, fees, and living expenses throughout their studies. This typically involves submitting financial documentation, such as bank statements or sponsorship letters, to ensure they can meet the annual costs of studying at the university.
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Private loans are available from US lending organisations
International students at Boston University are required to demonstrate that they can fund their tuition, fees, books, and living expenses throughout their studies. While international students are not eligible for federal financial aid, they may consider applying for graduate assistantships or private loans from US lending organisations.
There are several private loan options for international students, including:
- Earnest Private Student Loans, made by One American Bank or FinWise Bank, with loan amounts from $1,000 up to the total cost of attendance.
- Custom Choice Loan®, made by Citizens, with loan amounts from $1,000 up to $99,999.
- Brazos private student loans, which are best for borrowers from Texas or students attending school in Texas from qualifying states.
- Prodigy Finance, which offers loans to students from 120+ countries, with loan amounts of up to $220,000 and no collateral needed.
- MPOWER Financing, which offers fixed-rate loans from US$2,001 to US$100,000 at competitive interest rates, and does not require a co-signer or collateral.
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Boston University recommends EducationUSA for funding advice
Boston University does not pay for international students, but there are other options for funding your education. International graduate students are not eligible for scholarships or federal financial assistance, but they may consider applying for graduate assistantships or private loans after being offered admission.
International students can acquire loans from US lending organisations. In some cases, you must apply with a creditworthy US citizen or permanent resident as a co-borrower. Private loans are available through several lending agencies, with either variable or fixed interest rates. It is recommended that students compare rates carefully and understand their monthly repayment schedule.
There are also external funding bodies that offer scholarships, grants, and fellowships to international students. For example, the P.E.O. International Peace Scholarship Fund is for female international students studying in the US. Additionally, Boston University offers need-based scholarships that are awarded based on demonstrated financial need and academic merit.
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Frequently asked questions
No, international students are required to demonstrate that they can fund all tuition, fees, books, and living expenses throughout their studies.
International graduate students are not eligible for scholarships or federal financial assistance. However, they may consider applying for graduate assistantships or private loans after being offered admission.
Boston College does not offer financial aid to international students. International students are expected to finance the full cost of their education.
Yes, international students can acquire loans from U.S. lending organisations, though they may need to apply with a creditworthy U.S. citizen or permanent resident as a co-borrower. EduPass, administered by FinAid.org, is another option, providing financial and cultural information for international students in the U.S.
