Student Loans for Boston University Students

About BU

Boston University studentLocated right in the heart of Boston on ever-bustling Commonwealth Ave, BU is a top-tier research university classified as having ‘very high’ research activity by the Carnegie Institute (which is a big deal). BU offers students a world-class educational experience alongside with an immersive experience in the city of Boston. Arguably the best college town in the country, Boston is home to over 200,000 college students, and BU is smack in the middle of it. It’s not a crowded city, nor is it a crowded school, but you’ll definitely get an urban environment. There are about 18,000+ undergrads at BU who live around and along Comm. Ave, and a smattering of graduate students of all stripes that brings the total student population up to over 31,000, making BU the 5th-largest private university in the country.

If you’re receiving BU financial aid, budgeting is extremely important. Boston gets pretty pricey, and odds are your general expenses will be higher at BU than they were where you lived before coming to college. For a year on campus, the BU financial aid office estimates that students will incur personal expenses of just under $3,000, which is a pretty significant figure, especially when added to the $54,130 figure, which includes tuition, fees, room and board, and other ‘billed expenses’. As you can see, money will most likely be a bit tight, so you don’t want to spend frivolously. Just be smart, and you’ll be good. Of course, you should set aside $180 to get your guaranteed student seats at all of the men’s hockey games, as the Terriers are wicked awesome when it comes to hockey.

Student Loans

BU student aidBU is a pretty large school, which plays a role in the way BU financial aid is distributed to students. While their admissions policy is need-blind, BU is not what some call ‘talent-blind’ when awarding aid. As a result of a somewhat constrained financial aid budget due to school size, BU is more likely to award greater financial aid packages to students who demonstrate exceptional academic prowess and a good degree of financial need than to students who demonstrate exceptional financial need and a good degree of academic prowess. The aid office does strive to make a BU education affordable to everyone who is qualified to attend, but they simply cannot cater to every student’s full financial need. If you find that you need extra money after accepting university grants and federal loans to attend BU, you should consider private student loans. When borrowed in a responsible manner, private student loans can be a great source of funding when all other forms of aid have been exhausted. Check out our student loan comparison tool to search, compare, and apply for a variety of private student loans to supplement your BU financial aid package.

Pay for Boston University*

Total Avg. Cost $53,000
Tuition $37,910
Room & Board Not Avail.
Financial Aid Information
Students Receiving Fin Aid 63%
Typical Grant Amounts
State/Local $2,311
Federal $5,831
%Receiving Loans 51%
Avg. Other Stud. Loans $16,030
%Receiving Other Loans 9%

Get into Boston University

Admission Rate 54%
Total Enrollment 31,960
Men 43%
Women 57%
Graduation Rate 82%
Application Fee $75

Contact Boston University

One Silber Way
Boston, MA 02215
(617) 353-2000
Financial Aid Office URL
Admissions Office URL

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

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