{"id":15564,"date":"2025-08-01T18:30:49","date_gmt":"2025-08-01T22:30:49","guid":{"rendered":"https:\/\/www.bumc.bu.edu\/osfs\/?p=15564"},"modified":"2025-12-10T11:53:58","modified_gmt":"2025-12-10T16:53:58","slug":"camed-faqs-2025-2026","status":"publish","type":"post","link":"https:\/\/www.bumc.bu.edu\/osfs\/2025\/08\/01\/camed-faqs-2025-2026\/","title":{"rendered":"CAMED FAQ’s 2025-2026"},"content":{"rendered":"

How can I access my financial aid funding for living expenses?<\/h4>
<\/p>\n

Students are eligible to receive their full available fall 2025 credit as long as they have completed all loan requirements. Students will need to submit the CAMED BU Living Expenses Loan Request<\/a> form.<\/p>\n

If a student anticipate a refund for living expenses in the 25-26 school year, please be sure to set up direct deposit using the directions on Student Accounting’s website<\/a>. The refund processing time takes roughly 5-7 business days.<\/p>\n

To set up Direct Deposit, navigate to your MyBU Portal. Click \u201cFinancials\u201d, \u201cStudent Account Balance Due\u201d, \u201cNelnet Payment & Payment Plans\u201d. Then select \u201cManage Refunds\u201d and enter your bank account information.<\/p>\n

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\n

What changes are happening with the future of financial aid?<\/h4>
<\/p>\n

On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, creating significant changes to access to federal financial aid programs. Borrowers of Federal Direct Loans (Unsubsidized and\/or Graduate PLUS) before June 30, 2026 will be entitled to borrow loans at the current borrowing levels (both annual and lifetime) for up to three years<\/p>\n

Up-to-date and detailed information on SFS website<\/a> and in monthly SFS Dollar$ and $ense newsletter<\/a><\/p>\n

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\n

What documents are needed to have my federal loans to credit my account?<\/h4>
<\/p>\n

Students with the Unsubsidized Loan, Graduate PLUS Loan or both, please make sure to complete the\u00a0Entrance<\/a> Counseling<\/a>\u00a0and\u00a0Master<\/a>
\nPromissory Note<\/a> (MPN) for both loans. Visit\u00a0studentaid.gov<\/a> to complete both requirements.<\/p>\n

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I have a BU Loan on my account. What documents do I need to complete?<\/h4>
<\/p>\n

Later this semester, students with BU Loans will be sent promissory notes to complete, in addition to an entrance counseling session attendance. More information will be provided later this fall semester.<\/p>\n

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Where will I get information about financial aid news from SFS?<\/h4>
<\/p>\n

Our monthly Dollar$ and $ense newsletter will provide timely news and updates, so make sure to keep an eye out for it each month.<\/p>\n

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How can I speak with a SFS counselor?<\/h4>
<\/p>\n

SFS is located on the 4th<\/sup> floor of the Robinson Building. Our staff is available Monday-Friday, via phone, email, and walk-in meetings. Our Contact Us<\/a> page includes all our email address, phone numbers, and hours of operation.<\/p>\n

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What do I do if I have changes in my circumstances?<\/h4>
<\/p>\n

Come speak with us! We look forward to seeing you.<\/p>\n

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\n

Can you help me build a budget? Manage my expenses?<\/h4>
<\/p>\n

We\u2019d love to! Visit our\u00a0Financial Wellness page<\/a>\u00a0to get started and keep an eye out for our events. Our staff are also trained to assist students with financial wellness and debt management and students are welcome to visit our office on a walk-in basis.<\/p>\n

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