Dollar$ and $ense – Financial Literacy

Dollar$ and $ense: May 2021


Don’t Be a Victim of Virtual Scams!

Every spring BU IS&T notices an influx of scams circulating around Boston University. Here are some tips to remember:

For more information view BU’s full Phishing Guide. If you believe you have received a phishing message, particularly one falsely claiming to be from BU forward it to along with the message headers and then delete it.


Other SFS Reminders

Applying for aid in 2021/2022?

Make sure you submit the FAFSA for the 2021/2022 year using BU’s school code of 002130! We only need the FAFSA, and parental information is not needed. We are reviewing students for financial aid now. When you have been awarded financial aid, you will receive an email.

BUMC Housing Fair

The BUMC Office of Housing Resources would like to invite you to our virtual housing fair being held Friday May 21, 2021 from 12pm to 2pm. Visit our Housing Fair Registration Form to RSVP for the event.

Student Loan Exit Counseling for Graduating Students

Graduating Federal Direct Loan borrowers must complete the Federal Student Loan Exit Counseling. This can be done electronically at Graduating BUSM institutional loan borrowers will receive a communication from Student Loan Accounting on the CRC with information about how to complete the Exit Counseling.

$5,000 Scholarship Opportunity for Underrepresented Medical Students

Students who meet the requirements are welcome to apply for one of five $5,000 scholarships offered by Panacea Financial, a financial services company offering banking services for medical professionals. The application is available now and closes on June 30th. Questions can be directed to Michael Jerkins, MD, M.Ed, and the President and Co-Founder of Panacea Financial.


Free Financial Wellness Resources



 Virtual Sessions and Drop-In Hours 

SFS continues to work remotely during the Spring semester. As a result, the SFS office in the Robinson building remains closed. We are holding weekly “virtual drop-in hours” on Zoom. SFS staff will meet with students on a first-come, first-served basis. No appointments are necessary. The following link will bring you to the waiting room for the drop-in sessions, which are held weekly. Visit the Contact Us page for exact times and dates.


Don’t forget BUzz the Chatbot

 24/7 Customer Service available on the SFS Website

Do you have general financial aid questions for which you need an immediate response? Visit the SFS website to meet and ask our Chatbot, BUzz, questions. BUzz can be found at the bottom of the website’s page.



Outside Financial Literacy Resources

Grad Sense, created by The Council of Graduate Schools, is a great resource tailored solely to graduate and professional student needs. Helpful tools provided by Grad Sense include budgeting, student loan repayment, and how to avoid financial pitfalls once you graduate.

MoneyGeek, founded financial industry veterans in finance and content marketing, is leading the charge to simplify personal finance. A myriad of financial concerns are addressed on the site, including financial planning, planning for college, student loan repayment, expenses associated with living in a big city, insurance, credit cards, mortgages, and more.

Specific resources are also available to address disparities in in the Hispanic/Latino communities