You must submit notification of a withdrawal or leave of absence in writing to the University Service Center. The expected contribution is not a judgment about how much a family should be able to pay from current income—it’s an estimate of their capacity to absorb the costs of education over time. No. An Expected Family Contribution (EFC) is calculated from financial information reported on the CSS Profile™ and FAFSA. If your biological/adoptive parents are divorced, separated, or were never married to each other, CSS will send you an email after receiving your Profile™ submission. Learn more. However, you may need to apply for admission by an earlier date to be considered for certain merit awards. The amount of financial aid received each year will be dependent on the family's financial circumstances. 830 First Street NE, Fourth Floor No need-based financial aid is available to international students. Although, you must search for these scholarships yourself, and submit any applications apart from your application to your academic program. You’ll need your federal FSA ID to access NSLDS. Before withdrawing from a course, you should discuss any reduction in your enrolled credits with BU Financial Assistance. Contact us by email, letter, or fax. After the first year as a BU need-based scholarship recipient you are not required to file the CSS Profile™. Some awards require a separate application or other action. Washington, DC 20202-5144 For financial aid purposes, you are considered to be an international student if you do not meet the eligibility criteria to receive federal student financial assistance. Financing Your Education. Eligibility for federal and University need-based aid is limited to U.S. citizens and eligible non-citizens. With Early Decision the financial aid application forms are the same as with regular admission; both the CSS Profile™ and the FAFSA are required. We have a need-aware admission review for international students, meaning that a request for financial aid and the amount of financial aid you require may factor into your admission decision.. Only first-year applicants are eligible for financial aid. Therefore, international students should be prepared to finance the full cost of their Boston College education. To be considered for BU need-based financial aid, you must file both the CSS Profile™ and the FAFSA (Free Application for Federal Student Aid), unless you’ve received a BU scholarship in the past. You can apply for an alternative loan if you are able to obtain a U.S. citizen or permanent resident cosigner. If your Study Abroad charges are less than charges for study at the Charles River Campus, your loans may be adjusted or your need-based scholarship and/or grant may be reduced. Whether you are an incoming freshman, a transfer student a MET student, or an already enrolled in a degree program at Boston University, you can find everything you need to know by checking out this Guide to Merit Awards.. More information about financial issues and merit award opportunities for international students … Students can find additional information in the Undergraduate Student Guide and Graduate & Professional Student Guide. Our International Student Services Office (ISSO) is the main resource for our international community, here to assist you with visa requirements, travel, employment, and more. If you are receiving only merit-based aid from BU, your scholarship will be reduced only when aid from all sources exceeds the cost of attending Boston University. We urge you to consider your options carefully. Because Boston University gives a smaller percentage of its students institutional grants than similar schools, it may offer less competitive financial aid. Financial aid awards for international students are created using a needs analysis that takes into account the relative differences between the US economy and the economy of students’ home countries. Financial aid is not available for international transfer applicants. Yes. Visit Back2BU for the latest updates and information on BU's response to COVID-19. However, the deadlines are different. Requests for refunds must be made in writing to Student Accounting Services. Boston University offers several merit-based scholarships for students of all types. Eligibility for federal and university need-based aid is limited to U.S. citizens, U.S. permanent residents, and eligible non-citizens who are currently living within the United States for purposes other than studying. If you are a returning student who has not previously received a BU scholarship, you will be considered on a funds-available basis, provided you meet all eligibility requirements. Your loan servicer will notify you of the date your payment is due and send a billing notice to the address on file. The admission and financial aid processes start early, usually about 18–24 months before you graduate from high school/secondary school. You may want to consider a Federal Direct Consolidation Loan to simplify repayment and decrease the amount of your monthly payments. If you enroll in a BU Study Abroad program, your aid award will be adjusted as follows: If you attend a non-BU program, you may not receive a Boston University scholarship or grant. For more information, visit the Federal Student Aid Ombudsman website or contact: Institutional aid Approximately $ 290 million in BU financial assistance you do not receive a bill or repayment.. Students from over 40 countries, constituting 22 % of the University 's international,..., the majority of which is in the form of scholarships and grants the instructions. 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