MAMS Financing Options

New 2016 Student Financial Aid Information 

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. All incoming students will receive a financial aid email with instructions and links to the forms and information you will need to complete in order to apply for federal and/or private lender loans. The financial aid information typically becomes available in April each year, soon after the new tuition rates and budget allowance information has been determined by the university.

Although the financial assistance office is unable to begin processing any federal and/or private loan requests until the student has been officially registered for the semester, it is strongly suggested that students begin reviewing the financial assistance information and loan programs available so when the time comes to apply for your loans, you will know from which lender/s you will request your 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.

Summer 2016 BUDGET

 

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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. 

Boston University’s policy is to withhold all diplomas, degrees, official transcripts, and other official recognition of work done at the University from students with respect to whom there are any outstanding overdue debts to the University, including, but not limited to amounts owed in satisfaction of tuition, loan agreements, fees, and charges, as well as monies owed for occupancy in University-owned or -operated residences and for dining service. No student may withdraw from the University in good standing or graduate from the University unless all current obligations to the University are paid in full.

2016-2017 Academic Year Budget
Fall: September 6, 2016 - December 21, 2016
Spring: January 16, 2017 - May 12, 2017

Full-time students will be billed $24,588 each semester

BU Basic Health Plan $2,014
BU PLUS Health Plan $ 2,782

Screenshot 2016-04-29 14.58.45

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. 

Boston University’s policy is to withhold all diplomas, degrees, official transcripts, and other official recognition of work done at the University from students with respect to whom there are any outstanding overdue debts to the University, including, but not limited to amounts owed in satisfaction of tuition, loan agreements, fees, and charges, as well as monies owed for occupancy in University-owned or -operated residences and for dining service. No student may withdraw from the University in good standing or graduate from the University unless all current obligations to the University are paid in full.

 

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 information provided, please do not hesitate to contact the Financial Assistance Office by phone: (617) 638-5216, by fax: (617) 638-5740 or by e-mail: gmsloans@bu.edu.