{"id":550,"date":"2008-10-09T09:51:40","date_gmt":"2008-10-09T13:51:40","guid":{"rendered":"https:\/\/www.bumc.bu.edu\/osfs\/?page_id=550"},"modified":"2026-03-23T11:03:15","modified_gmt":"2026-03-23T15:03:15","slug":"fedstuloans","status":"publish","type":"page","link":"https:\/\/www.bumc.bu.edu\/osfs\/resources\/types-of-aid\/loans\/fedstuloans\/","title":{"rendered":"Federal Student Loans"},"content":{"rendered":"

Federal Unsubsidized Direct Loans<\/strong><\/span><\/h3>\n

Federal Unsubsidized Direct Loans are federally supported, low-interest student loans with flexible repayment options.<\/p>\n

An applicant\/student must be a U.S. citizen, a naturalized citizen of the United States, permanent resident or an eligible non-citizen.\u00a0 <\/span>All applicants must submit the Free Application for Federal Student Aid (FAFSA) for determination of Direct Loan eligibility. Students must also complete\u00a0<\/span>Entrance Counseling<\/a>\u00a0<\/span>and the\u00a0<\/span>Master Promissory Note<\/a>\u00a0<\/span>before the INITIAL disbursement of a Federal Direct Loan Loan can be made.<\/p>\n

More detailed information about interest rate, fees, and loan terms can be obtained at the U.S. Department of Education Student Aid website<\/a>.<\/p>\n

Annual Federal Unsubsidized Loan Limits<\/span><\/h3>\n

Incoming Students 2026-2027<\/strong><\/h4>
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The below charts details the annual<\/strong> maximum limit for new borrowers utilizing the Unsubsidized Direct Loan for the 2026-2027 academic year, based off the enrolled program, as well as the academic year. This chart is for students who have not borrowed for their program starting after July 1, 2026.<\/p>\n

Incoming students<\/strong>:<\/em> if you submitted a FAFSA, and a complete financial aid application<\/a>, you will be awarded the annual maximum for your school of enrollment. Please contact our office via email<\/a> to reduce, or cancel awarded federal loans. Provide your name, and BU ID in your correspondence,<\/p>\n

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Current Students<\/strong><\/h4>
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Current students enrolled for the 2025-2026 academic year and who have disbursed federal student aid prior to July 1, 2026\u00a0<\/strong>are considered included in the legacy program for federal borrowers and may adhere to the below annual federal student loan borrowing limits.<\/p>\n

Students who are legacy borrowers are entitled to borrow loans at the current borrowing levels (both annual and lifetime) for a prescribed period of time. For more information regarding length of legacy borrowing protection for students can be found here<\/a>.<\/span><\/p>\n

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Institutional Loans<\/span><\/strong><\/h3>\n

Boston University offers various institutional loans to eligible students.\u00a0\u00a0<\/span>An applicant\/student must be a U.S. citizen, a naturalized citizen of the United States, permanent resident or an eligible non-citizen. Financial aid is awarded on the basis of demonstrated need. \u00a0<\/span>Students are initially reviewed and considered for BU Loans during the financial aid application process. These loans are funded through generous gifts from Boston University Alumni and Friends. Students are notified of their eligibility for institutional loans by Student Financial Support as funding for all loans is limited.<\/p>\n