Financing Options

The Division of Graduate Medical Sciences (GMS) seeks to enable all motivated and talented students to achieve their academic and professional potential. Most educational loans offer more favorable terms than other consumer loans so we encourage students to apply for these loans before considering other financing options. Educational loans must be repaid, so we suggest you only borrow what is necessary.

Eligibility for federal student loans is determined through the Free Application for Federal Student Aid (FAFSA). The student is always the applicant/borrower, and annual maximum loan amounts apply. All applicants must submit the Free Application for Federal Student Aid annually to be considered for federal funding.

Please look into the Federal Direct Stafford Loan and the Federal Perkins Loan. Both sponsored by the federal government. They have very favorable terms, including low interest rates and generous deferment provisions.

Tuition and Estimated Budget:

Academic Year: September 2, 2015 - May 7, 2016
Fall: September 2, 2015 - December 19, 2015
Spring: January 20, 2016 - May 7, 2016

Full-time students will be billed $23,711 each semester

PLEASE NOTE: If a student is enrolled for less than six credit hours in any single semester (fall, spring, or summer) and not certified full-time, financial aid eligibility will be restricted to tuition, fees, and book costs only. 

BUDGET

September to May (9 month budget for full-time students)

TUITION $47,422
COMMUNITY SERVICE/ PROGRAM FEE $220
HEALTH AND WELLNESS FEE $348
ROOM & BOARD $12,620
BOOKS/SUPPLIES $1,075
PERSONAL EXPENSES $3,050
TRANSPORTATION $1,120
LOAN FEES $200
TOTAL $66,055
PART-TIME
TUITION $1,482 per credit
COMMUNITY SERVICE/PROGRAM FEE $60 per semester
NO COURSE ENROLLMENT
CONTINUING STUDENT FEE $2,964 per semester
ENROLLMENT
PART-TIME 5 1/2 credits or less
HALF-TIME 6-11 1/2 credits
FULL-TIME 12-18 credits

*Summer term is separate from the academic year

Summer Term: May 19, 2015 – August 7, 2015
Summer Session I: May 19, 2015 – June 26, 2015
Summer Session II: June 29, 2015 - August 7, 2015

SUMMER 2015 BUDGET

BOTH SESSIONS

ONE SESSION

TUITION

$1,428 per credit

$1,428 per credit

FEES

$80

$40

ROOM & BOARD

$4,206

$2,103

PERSONAL

$988

$494

TRANSPORTATION

$402

$201

BOOKS & SUPPLIES

$32 per credit

$32 per credit

PLEASE NOTE: If a student is enrolled for less than six credit hours in any single semester (fall, spring, or summer) and not certified full-time, financial aid eligibility will be restricted to tuition, fees, and book costs only. 

A note about other financing options:

Boston University invited lenders to provide information about their products through a Request for Information (RFI) process. The University reviewed the information provided and, based on that information, identified some loan products as having competitive rates, customer service and borrower benefits. Click on the Private Loan Options link above to find these loan programs.

You are welcome to borrow from the lender of your choice without penalty whether or not that lender is identified here or in other University materials. We encourage you to compare information concerning credit-based student loans carefully to determine the best fit for your particular circumstance.

If you have any questions or concerns after reviewing the important links provided below, please do not hesitate to contact the Financial Aid Office by phone: (617) 638-5216, by fax: (617) 638-5740 or by e-mail: sashe@bu.edu.