BUSM

BUSM Oct 29-6

Student Financial Services (SFS) provides students with tools and guidance to manage financial aid while at Boston University Medical Campus (BUMC) as well as the resources to be financially successful upon graduation.  Financial aid is offered each academic year and you must re-apply annually to be considered eligible to receive aid.

To determine eligibility for need-based funding, SFS evaluates each student’s income and assets. A student is considered independent for purposes of awarding Federal Financial Aid. The FAFSA is the only required application for Federal Financial Aid, which must be filed each year for renewal.

In addition to federal financial aid, students maybe offered merit- and need-based institutional financial aid, which may come in the form of scholarship or institutional loan funding, or both.  Due to limited institutional resources, SFS requires that income and asset information be provided by students, spouses (if married) and parents.

INCOMING School of Medicine (BUSM) Financial Aid Applicants

You are a Incoming BUSM Financial Aid Applicant if:

  • You are an incoming student and will begin your enrollment with the School of Medicine during the 2019-2020 academic year.
  • You have transferred from or completed another program of study within Boston University and will begin your enrollment with the School of Medicine during the 2019-2020 academic year.

To be eligible for federal and/or need-based aid, you must be enrolled with six or more credits in your degree program.


Priority Deadline is February 1, 2019


Image result for checkbox imageSubmit the Free Application for Federal Student Aid (FAFSA):

  • Boston University school code 002130
  • Available to US Citizens, Permanent Residents and eligible Non-Citizens
  • Parent income data NOT required
  • Non-credit based, unsubsidized loan
  • Loan will vary depending on academic year and enrollment status
  • We encourage students to use the IRS Data Retrieval Tool to import your IRS federal income tax information from the IRS to your FAFSA.

Image result for checkbox imageSubmit the CSS Profile:

  • Boston University school code 3116-Boston U: Medical School
  • Parental* information is required (unless you were born on or before January 1, 1989)
  • Application fee is $25.00

Image result for checkbox imageProvide 2017 federal tax documents:

  • 2017 tax returns (include all schedules) and W2s for yourself, your spouse, if applicable, and your parents
  • State tax documentation, not required
  • If you or your parents were not required federal tax returns in 2017, please fill out and upload the Parent Income Verification or Student Income Verification (whichever is applicable)
  • Tax documents and verification forms can be uploaded through the BUSM Supplemental Application

Image result for checkbox imageComplete scholarship survey (recommended):

  • Answer short survey to be considered for a limited number of donor stipulated scholarships. No other application required.
  • Open to all accepted applicants.

It is important that information on the Profile™ and FAFSA be consistent. If at all possible, they should be completed at the same time.

Wait List & Linkage Applicants, Early Assurance & Seven Year BA/MD Students

SFS recommends you submit the Free Application for Federal Student Aid (FAFSA),   CSS Profile,  applicable tax documentation and survey (if desired) prior to being notified by the Admission’s office.  This will enable SFS to provide an award within a couple of days of your notification.

Please keep in mind, it can take up to two weeks to process a financial aid application and determine eligibility.

Waiving the Requirement for Parental Information

A MED applicant may submit a written request for a waiver of parental information detailing circumstances that may warrant an exception. Waivers are granted on a case-by-case basis at the discretion of the SFS. Requests must be made before the February 1st priority deadline.

To help us distribute scholarship funds equitably, we require that applicants file parental information. Although some parents do not contribute to their children’s medical education costs, they are still a resource for most students. Thus, viewing the potential family contribution as a whole is the most accurate way to award need-based aid.

If your biological or adoptive parents are divorced, separated, and/or do not share the same household list both parents (and any stepparents if applicable) on your Profile, as instructed. The parent you live with most must provide their information on your FAFSA and Profile. Your other (noncustodial) parent must also complete a Profile, which will be appended to your Profile later. Enter your other (noncustodial) parent’s email address on your Profile, as instructed, so CSS can send them information on how to create their separate Profile account log-in.

Submit a CSS Profile™ Waiver Request for the Noncustodial Parent if getting a CSS Profile™ from the other (noncustodial) parent will be impossible.

If you are an incoming student who began your enrollment with the School of Medicine during the 2018-2019 academic year and have not already applied for financial assistance please contact SFS for application details.


CONTINUING School of Medicine Financial Aid Applicants

You are a Continuing BUSM Financial Aid Applicant if:

  • You have been enrolled for at least one semester as a School of Medicine student prior to the 2018-2019 academic year.
  • You are a Continuing BUSM Financial Aid Applicant even if you chose not to accept the aid from a previous Financial Aid Award Letter.

To be eligible for federal and/or need-based aid, you must be enrolled with six or more credits in your degree program.

Image result for checkbox imageSubmit the Free Application for Federal Student Aid (FAFSA):

  • Boston University school code 002130
  • Available to US Citizens, Permanent Residents and eligible Non-Citizens
  • Parent income data NOT required
  • Non-credit based, unsubsidized loan
  • Loan will vary depending on academic year and enrollment status
  • We encourage students to use the IRS Data Retrieval Tool to import your IRS federal income tax information from the IRS to your FAFSA.

You can check the status of your application requirements at any time on the Your Financial Aid tab on the Student Link.

Federal financial aid cannot be disbursed unless any prior balance is $200 or less. Check your account balance on the Student Account Inquiry tab on the Student Link.

Once you’ve filled out your FAFSA form and received your financial aid award, make sure you stay eligible throughout the academic year—and in subsequent years. View the Eligibility page for more information.


Deadlines

You must complete your financial aid application by the priority deadline in order to ensure that your financial aid is shown on your bill and to avoid late fee charges. Please contact Student Accounting Services for exact deadline dates for your program.

If you receive an outside scholarship after submitting your application, please submit a copy of the notification letter to SFS.