Loans are available to families who do not qualify for financial aid, as well as to those who receive aid but need additional assistance to help pay college costs. They are available to all Boston University students, regardless of state of residency. The maximum loan cannot exceed the cost of attendance minus other financial aid. Repayment of a fixed-rate loan begins one month after the loan is made and extends over 15 years. Repayment of a variable-rate loan begins one month after the loan is made and extends over 15 years.
Payment typically begins four months before the first day of classes.
There is an application fee for the program. The Office of Financial Assistance is generally unable to offer scholarship aid to foreign students. However, international students may apply for graduate assistantships. Boston University therefore requires international students applying for admission to present evidence of sufficient funds to cover all tuition, fees, books, and living expenses for their study at Boston University.