Graduate PLUS Loan
In an effort to provide better understanding about the credit-based PLUS Loan, please review the following counseling steps:
- Complete the FAFSA, if you have not already done so. This allows SFS to award you any eligible, non credit-based financial aid before utilizing credit-based products
- Review the Graduate PLUS Loan interest rate, repayment terms, credit criteria, etc
- Review the Cost of Attendance for your program, to determine how much you can, and need to borrow
- Compare other private, credit-based loan products, against the terms of the Graduate PLUS Loan. On the linked page, click on your school to provide more loan options.
- Review your current federal aggregate loan debt by logging into StudentAid.gov. Be advised that federal loans disbursed 30 days or less from today’s date may not have yet to post on the site.
- If you are a new borrower please complete the Federal Student Aid Graduate PLUS Loan Promissory Note and Entrance Counseling
You can find the PLUS loan request form by clicking the following link:
2023-2024 Federal PLUS Form – Medical Campus
Please be advised that it can take at least 5-7 business days to process your Graduate PLUS Loan, especially during busier times of the year. The PLUS Loan Form must be submitted each time a new PLUS loan is requested – SFS cannot apply a PLUS Loan without a valid request form on file and PLUS loans do not renew automatically each academic year.
NOTE: Please submit the completed application via regular email.
Federal Financial Aid Credit Authorization (FFACA)
The last page of the Graduate PLUS Loan Application is the Federal Financial Aid Credit Authorization (FFACA).
Federal regulations require that federal financial aid credited to your student account be applied only to cover allowable charges, unless Boston University obtains authorization to apply these funds to all other charges on your student account. You may submit your authorization by completing page 4 of the Graduate PLUS Request form or electronically on the MyBU Student Portal.
Without your authorization, Title IV funds credited to your student account cannot be applied to non-allowable charges.
This may result in a refund being automatically issued to you that creates a balance due on your account. The resulting student account balance becomes your responsibility to repay
Title IV Federal Financial Aid Funds
- Federal Direct Loans
- Graduate PLUS Loans
Allowable Charges
Non-Allowable Charges (include but are not limited to)
- MBTA Pass
- Medical insurance
- Replacement ID fees
- University Health Services fees for service
- Other miscellaneous fees
Graduate PLUS Loan FAQs
What requirements do I need to submit to be approved for the PLUS loan?
Please complete the Graduate PLUS Master Promissory Note, Graduate Entrance Counseling and the PLUS loan Credit Counseling.
How do I request a PLUS loan for a single semester?
If you are requesting a single-semester loan, please write “FALL ONLY” or “SPRING ONLY” on the form.
What is the maximum amount I can borrow?
Per federal regulations, students may receive a maximum in total financial aid (all sources) up to their annual cost of attendance. You can use the COA Calculator to determine the maximum amount of PLUS loan you may request and receive.
I submitted my PLUS application through StudentAid.gov, when will it be processed?
BUMC students should complete the BUMC PLUS request form and email it to SFS. We do not accept the online application through StudentAid.gov.