Financial Aid At Boston University: How Many Students Receive Support?

Boston University offers financial aid to its students, and the amount of financial aid awarded varies depending on the student's needs and academic merit. The university meets 100% of the demonstrated financial need for admitted first-year students who are US citizens or permanent residents. 62% of students at Boston University receive any form of financial aid, and 54% receive any grant money. The average grant award is $27,232, which is higher than the average for private not-for-profit schools. The university also offers merit-based scholarships, with 8% of the aid given out by BU being merit-based.

Boston University meets 100% of the demonstrated financial need for admitted first-year students who are US citizens or permanent residents

Boston University is committed to meeting 100% of the demonstrated financial need for admitted first-year students who are US citizens or permanent residents. This is done through the affordableBU programme, which offers expanded financial aid packages to make up the difference between the cost of attendance and what a student can afford.

Boston University understands that pursuing higher education is a major investment for students and their families. The university believes that everyone admitted to BU deserves the opportunity to attend, regardless of their family's financial means. To that end, BU offers financial aid packages that cover the entire cost of attendance for eligible students.

To be eligible for affordableBU, students must be admitted, first-time US students or permanent residents with demonstrated financial need. Additionally, they must submit their FAFSA (Free Application for Federal Student Aid) and CSS Profile by the specified deadlines.

It is important to note that 62% of students at Boston University receive some form of financial aid. The university provides need-based financial aid, with 8% of its aid being merit-based. The average grant award at BU is $27,232, which is significantly higher than the average for private not-for-profit schools.

Boston University also offers a range of merit scholarships, some of which cover full tuition. These scholarships recognise high-achieving students, with most awards based on academic achievement, while others are given to talented athletes, performers, and artists.

62% of students at Boston University receive any financial aid

Boston University (BU) is a major investment for students and their families. However, the university invests in its students too, offering financial aid to 62% of its students. This is 30% lower than the average for private not-for-profit schools, which is 92%.

BU meets 100% of the demonstrated financial need for admitted first-year students who are US citizens or permanent residents. The university offers expanded financial aid packages that make up the difference between the cost of attendance and what students can afford. This is known as affordableBU.

To receive need-based financial aid from BU, students must submit both the CSS Profile and FAFSA, which are used to determine their "expected family contribution". BU's need-based scholarships are awarded based on a combination of demonstrated financial need and academic merit.

BU also offers merit-based scholarships, which recognise academic, athletic, or artistic achievement, regardless of calculated financial need. These include a wide variety of first-year and transfer student merit scholarships, some covering full tuition. Scholarship recipients typically rank in the top 5-10% of their class.

In addition to need-based and merit-based BU scholarships, many other forms of financial aid are available for those who apply and qualify. This includes federal student loans, federal work-study awards, and student employment opportunities.

Boston University offers merit-based scholarships, including some that cover full tuition

Boston University offers a wide variety of merit-based scholarships, including some that cover full tuition. These merit-based scholarships are awarded to students who demonstrate academic, athletic, or artistic achievement, regardless of their financial need.

Recipients of merit-based scholarships typically rank in the top 5-10% of their class and have demonstrated incredible extracurricular achievements in their schools and communities. While test scores are not required, students who submit scores usually have SAT scores above 1500 and ACT scores above 33.

Boston University's most prestigious scholarship is the Trustee Scholarship, which covers full tuition and fees. This scholarship is awarded to 20 students each year who demonstrate exceptional academic and extracurricular achievement. Another notable scholarship is the Presidential Scholarship, which covers half of the tuition and is given to first-year students from around the world who demonstrate exceptional academic achievement and leadership qualities.

In addition to these scholarships, BU also offers the College of Engineering FIRST Robotics scholarship, which covers half of the tuition for engineering applicants who have participated in at least one season with a FIRST Robotics team.

BU's merit-based scholarships do not require students to submit a financial aid application, and the awards do not need to be repaid. The university encourages all students who meet the eligibility criteria to apply for these scholarships and take advantage of the opportunity to have their hard work recognized and rewarded.

Boston University students receive financial aid from the federal government, certain state governments, other agencies, and the university itself

Boston University (BU) offers financial aid to its students from a variety of sources, including the federal government, certain state governments, other agencies, and the university itself.

Federal Government

To receive need-based financial aid from the federal government, students must submit the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine the expected family contribution towards college costs. Federal financial aid is available in the form of loans and work-study awards.

State Governments

BU students may also receive financial aid from certain state governments. The eligibility criteria and application processes for state aid vary and students are advised to check with their respective state governments.

Other Agencies

In addition to federal and state aid, BU students can explore financial assistance from other agencies. For instance, international students can refer to the "Financial Planning for Study in the United States" booklet from the US Information Agency or a bi-national advising center for information on external funding sources.

Boston University

BU demonstrates its commitment to making education accessible by meeting 100% of the demonstrated financial need for admitted, first-year students who are US citizens or permanent residents. The university offers expanded financial aid packages, need-based scholarships, and merit-based scholarships. To apply for need-based financial aid from BU, students must submit both the CSS Profile and the FAFSA. The university provides online tools such as the MyinTuition Calculator and the Net Price Calculator to help students estimate their college costs and the amount of financial aid they can expect to receive.

Boston University has a Scholarship Assurance programme, guaranteeing that need-based aid received in the first year will not be reduced in subsequent undergraduate years

Boston University offers a range of financial aid options to its students. 62% of students receive some form of financial aid, with 54% receiving grants and 53% receiving school grants. The average grant award is $27232, which is significantly higher than the average for private not-for-profit schools.

Boston University also offers merit-based scholarships, recognising academic, athletic, or artistic achievement. These scholarships are available to both first-year and transfer students, with some covering full tuition. Additionally, the university meets 100% of the demonstrated financial need for admitted first-year students who are US citizens or permanent residents.

The BU Scholarship Assurance programme guarantees that the need-based aid received by students in their first year will not be reduced in subsequent undergraduate years. This assurance is valid as long as students meet academic and deadline requirements. In the event of a tuition fee increase, the affordableBU aid will be adjusted accordingly, increasing by the same percentage as the tuition increase.

The university encourages students to treat its website as the primary source of information regarding financial aid. It also provides various tools and calculators to help students estimate their expected family contribution, net price, and potential financial aid packages.

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