Financial Aid at The Graduate School of Boston University

Boston University helps its students to pay for their education by offering different types of financial support. such as scholarships and grants, loans, or part-time work on campus. The university's aim is to make sure that each and every student despite being from any background gets to afford a good education. The financial aid office at BU is there to guide students through the process of applying for this help.

Types of Financial Aid Available:

• Loans: Students can borrow money for their graduate studies from the government which are Federal loans or from banks and lenders which are credit-based loans. These loans are like borrowing money that needs to be paid back later, with this financial help you can get help to cover the costs of your education like tuition and living expenses.
• External Funding Opportunities: External funding sources are those financial help that can be granted in the form of scholarships and grants from external sources. Students can go for this help if they are in need of financial help.
• School and Department-Based Aid: The Graduate School give money in the form of fellowships and scholarships, which you don't have to pay back. They also offer work-study programs, where you can work part-time on campus to earn money for your studies. And they have jobs as research assistants, where you help with research and get paid for it.

Total Cost of Attendance: Students are advised to calculate all costs related to their education, such as tuition, BU medical insurance, housing, transportation, and other living expenses when estimating the total cost of attendance.

Satisfactory Academic Progress Policy: The 'Satisfactory Academic Progress Policy' is like a set of rules so that you can use the money you get for school. According to the policy, you can use that money to pay for classes that are part of your degree, and sometimes for special classes you might need before or at the same time. But you can't use it for things that aren't related to your education, like sports passes or library fines, and if you work at Boston University, you can't get this kind of aid for your studies because it's meant for students who are not employees.

Debt and Withholding Policy: If you borrow money from Boston University and do not pay it, then the university might not handle your diploma, your degree, official transcripts, or any other official recognitions. To graduate or leave the university, you have to make sure that you have paid all the money you borrowed from the University.

Refund Policy: If you're getting financial help from the Graduate School of Boston, and then you decide to leave school or take a break after your classes have started, they usually cancel the money they were giving you. For federal aid, the amount you get might change based on government rules. Hence before changing your plans, it's important to understand the rules for aid.

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