{"id":99157,"date":"2024-08-06T15:02:53","date_gmt":"2024-08-06T19:02:53","guid":{"rendered":"https:\/\/www.bumc.bu.edu\/gms\/?p=99157"},"modified":"2024-08-06T15:02:53","modified_gmt":"2024-08-06T19:02:53","slug":"dollar-ense-august-2024","status":"publish","type":"post","link":"https:\/\/www.bumc.bu.edu\/gms\/2024\/08\/06\/dollar-ense-august-2024\/","title":{"rendered":"Dollar$ & $ense August 2024"},"content":{"rendered":"

August 2024<\/b><\/h1>\n

News to Know<\/strong><\/span><\/h4>\n

2024-2025 FAFSA Update<\/span><\/strong><\/p>\n

Boston University has received 2024-2025 FAFSAs. As we navigate through the implementation of FAFSA Simplification and Boston University\u2019s new student information system, we are writing to provide an update on the delays in awarding financial aid for the Fall 2024 semester.<\/p>\n

Your fall bill may not include scholarship or aid awards when it is first posted in MyBU Student; generally, and in future semesters, your charges and financial aid should post around the same time.<\/p>\n

Fall bills and financial aid will be posted throughout the upcoming weeks<\/strong>. Student Accounting Services is aware of these delays and is adjusting late payment fees<\/a><\/strong> as needed.<\/p>\n

We thank you for your patience during this time of transition.<\/strong><\/p>\n

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PLUS Loan Application<\/strong><\/p>\n

Beginning with the\u00a0<\/span><\/span>2024-2025<\/strong>\u00a0<\/span><\/span>academic year, students will apply for the\u00a0<\/span><\/span>Federal <\/span><\/strong>Graduate PLUS loan through StudentAid.gov<\/strong>.<\/span>\u00a0<\/span>The 2024-2025 Graduate PLUS loan application is\u00a0<\/span><\/span>now open<\/span><\/strong>. Detailed application instructions and an FAQ are available on the\u00a0<\/span><\/span>SFS website<\/a>.<\/span> <\/span><\/p>\n

First time PLUS borrowers and those who have borrowed with an endorser in the past should also complete a<\/span>\u00a0<\/span><\/span>Master Promissory Note (MPN) for Direct PLUS Loans<\/a>.<\/span><\/p>\n

Summer 2024\u00a0<\/span><\/strong>students in\u00a0<\/span><\/span>SPH and GMS<\/strong><\/span>\u00a0<\/strong>are encouraged to submit the PDF version of the\u00a0<\/span><\/span>PLUS loan request form<\/a><\/strong><\/span>\u00a0<\/span><\/span>found on the\u00a0<\/span><\/span>SFS website<\/a><\/strong>\u00a0<\/span>if interested in receiving summer Federal financial aid. Summer PLUS submissions must be made\u00a0<\/span><\/span>no l<\/strong>ater <\/span>than 10 business days before<\/strong><\/span><\/span>\u00a0<\/span>the end of your summer program.<\/span><\/p>\n

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Information for New Federal Direct Loan Borrowers<\/strong><\/p>\n

First time borrowers at BU also need to complete the\u00a0<\/span><\/span>Master Promissory Note (MPN) for Subsidized and Unsubsidized Loans<\/a>\u00a0<\/span>and\u00a0<\/span><\/span>Graduate\/Professional Entrance Counseling<\/a>.<\/span> <\/span><\/p>\n

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Federal Student Loan Exit Counseling for Graduating Students<\/strong><\/p>\n

Graduating Federal Direct Loan borrowers must<\/strong> complete the Federal StudentLoan Exit Counseling. This can be done electronically at StudentAid.gov<\/a>.<\/p>\n

Students who received institutional loans will receive more information on completing exit counseling through ECSI.<\/p>\n

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SHIP Confirmation Form & Waiver<\/strong><\/p>\n

BUMC students who plan\u00a0<\/span><\/span>to keep<\/span><\/strong>\u00a0<\/span>their Boston University Student Health <\/span>Insurance Plan (SHIP) for the\u00a0<\/span><\/span>2024-2025 year<\/span><\/strong>\u00a0<\/span>and who would like to <\/span>utilize financial aid to cover this expense should complete the\u00a0<\/span><\/span>SHIP Confirmation Form<\/strong><\/a>. <\/span> <\/span>If you are a federal loan borrower and would like <\/span>loans to apply directly to the SHIP fee, please also complete the Student <\/span>Permission Agreement under Financials\/Student Permissions <\/span>(FA_OVERRID) in the\u00a0<\/span><\/span>MyBU Student Portal<\/strong><\/a>.<\/span><\/p>\n