Interest rates are the same for both subsidized and unsubsidized loans. A three-percent origination and guarantee fee will be deducted from all loans before disbursement. Federal regulations require that a debt counseling session be completed by all first-time borrowers before the disbursement of a Direct Loan. The rights and responsibilities of borrowers are reviewed at this time. The requirement may be met by completing the entrance interview counseling session on the StudentLink Web site .
Borrowers can also attend an on-campus group counseling session.
Similarly, before graduating, withdrawing, or taking a leave of absence from the University, borrowers must complete an exit counseling requirement and receive information about loan repayment and deferment provisions. The Federal Perkins Loan is a low-interest education loan administered by Boston University. Available funds are provided by federal allocations, Boston University matching contributions, and the repayments of previous borrowers. Priority for the Federal Perkins Loan must be given to dependent students with exceptional need. Repayment may be deferred during graduate study.