Boston University Medical Campus
Student Financial Services

LEAVING SCHOOL

EXIT COUNSELING: Students with debt obligations of any kind must schedule an Exit Counseling Session prior to leaving BUSDM. Exit Counseling is designed to help students understand their debt packages, deferment options, and other repayment rights and responsibilities; to establish manageable repayment schedules; and to review programs that may require a service obligation. Students should schedule appointments in person at OSFS at least a week in advance.

Each recipient of an institutional or federal loan is required to attend an Exit Counseling session before graduation, taking a leave of absence, or withdrawing from school officially or unofficially.

REFUND AND REPAYMENT POLICY: At the time a student withdraws, takes a leave of absence, or separates from BUSDM for any reason, the student’s account will be reviewed and adjusted according to the University’s refund policy. By Department of Education regulation, refunds must be made within 30 days and returned in this order: Unsubsidized Direct Loan, Subsidized Direct Loan, Perkins Loan, HPSL, SDS, LDS, state, institutional, private, and last to the student.

If financial aid money has been released to a student for living expenses and the credit disbursed was greater than the budgeted living expenses incurred while the student was enrolled, then repayment of that portion of the financial aid received which exceeded the incurred living expenses must be made. Repayment will be made in the same order as refunds. The repayment calculation is done after the refund calculation.