Boston University
Boston, MA 02215

Financial Aid

$32,716
Average Institutional Grant
2016-2017

In the 2016-2017 academic year, full-time freshman students of Boston University were awarded a total amount of $58,062,736 in grant and $9,989,772 in federal student loans. 47% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 40% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 482 13% $4,540 $2,188,050
Other Federal Grant 325 9% $2,389 $776,500
State Grant/Scholarships 96 3% $2,767 $265,612
Institutional Grant/Scholarships 1,676 46% $32,716 $54,832,574
Total Grant & Scholarships 1,695 47% $34,255 $58,062,736

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 1,443 40% $6,923 $9,989,772
Private Loans 214 6% $19,573 $4,188,547
Total Loans 1,469 40% $9,652 $14,178,319

Student Loan Default Rate

1%
Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Boston University from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 5,688 77 1%
2013 5,854 85 1%
2012 5,741 106 1%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Boston University's default rate
  • State Avg. - Massachusetts's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Boston University students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

$31,539
Average Net Price
2016-2017

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Boston University. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$21,773
$30,000 to $48,000$22,618
$48,000 to $75,000$26,232
$75,000 to $110,000$30,023
Over $110,000$46,991
Get your personal estimate

Veterans and Service Members

$12,789
Average Financial Aid
2016-2017

The following section details the amount of financial aid provided to veteran students and their family members at Boston University.

In 2016-2017 academic year, 390 students received an average amount of $13,375 in financial aid in the form of post-9/11 GI bill benefits and 26 students received $3,999 on average through yellow ribbon program.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

January 1

  • Transfer applicants will be notified

February 1

  • Financial aid application (regular)

March 1

  • Transfer financial aid application

April 1

  • Transfer financial aid application (priority)

May 1

  • Student must reply to financial aid offer

December 1

  • Financial aid application (priority)

Campus Location

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Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Boston University.

Wheelock College
0.6 mile away
Emmanuel College
0.6 mile away
Berklee College of Music
0.7 mile away
Simmons College
0.7 mile away
MCPHS University
0.9 mile away
Northeastern University
0.9 mile away