STUDENT FINANCIAL SERVICES (SFS) – HENRY M. GOLDMAN SCHOOL OF DENTAL MEDICINE (GSDM)

APPLICANT INTERVIEW PRESENTATION

FREQUENTLY ASKED QUESTIONS

Q: When can I begin the financial aid process?
A: The 2017-2018 FAFSA application became available October 1st, 2016.  US Citizens, Permanent Residents and Eligible Non-Citizens are encouraged to complete the FAFSA, using their (and spouse’s if applicable) 2015 federal tax returns.

Q: Should I submit parental information on the FAFSA application?
A: No parent or parental income information is required on the FAFSA.

Q: What documents do I need to submit to SFS if I am applying for the Federal Direct Loan?
A:

Q: What documents do I need to submit to SFS if I am applying for the BU Need-Based Loan?
A:

  • GSDM Application for Financial Assistance (please visit our ‘New Financial Aid Applicants’ page).
  • Signed copy of all pages of your (and spouse’s if applicable) completed 2015 federal tax returns and copies of your original W-2 forms.
  • No state tax documentation is required.

Q: When will I receive my award Notification?
A: Your award notification will be sent after SFS has received and reviewed your GSDM Application for Financial Assistance, FAFSA and all requested federal tax documentation from you (and spouse if applicable).

Q: What are some of the borrower benefits associated with institutional “BU” loans?
A:

  • The interest rate is 5%.  The loan awarded is based on student need.
  • Interest does not accrue during enrollment.
  • No required monthly payments during enrollment.
  • One year grace period.

Q: How much does tuition increase from year to year?
A: Tuition has increased by 2.5 – 3% annually in recent years.

Q: What other options are available to meet the cost of attendance?
A: There are several credit-based loans available.  Please visit Credit-Based Loan Products for details.  The Federal Graduate PLUS is also available in our Loans section as a funding option.

Q: Where can I learn more details about the Public Service Loan Forgiveness program, and the National Health Service Corps?
A: www.studentaid.ed.gov and www.nhsc.hrsa.gov.

Q: How much do I have built into my Cost of Attendance (budget) for living in Boston? 
A: Approximately $1,800 per month for your living expenses (Room and Board, Personal Expenses and Transportation).

Q: When can I receive my living expense funds by direct deposit?
A: Per federal regulations, SFS can process the direct deposit of funds to your account after the first day of classes each semester.  Most students receive their funding over the first 3-5 days of the semester.

Q: I am an International Student.  Am I eligible for financial aid?
A: International students may apply for credit based loans with a US Citizen, Permanent Resident or Eligible Non-Citizen as a co-signer.  For more details, please visit our Loans page.

Q: I am an International Student.  How do I learn more about the BU Community?
A: Visit the BU Global Programs International Students & Scholars Office website.