Financial Aid Question!

Colleges and Universities A-Z Boston University
1

<p>I’m getting about $40,000 in grant and $5500 loan, which is making BU look so damn attractive right now, but seeing as all this money isn’t from renewable scholarships…</p>

<p>I’m visiting BU over spring break the week after next week, and will talk to a financial aid officer about this, but I want to see if any of the BU students can help me out with this beforehand.</p>

<p>I know for a lot of these grants, I have to take a certain number of credits and maintain a certain gpa, and obviously I have no idea how well I’ll do in my first year. The money offered to me covers almost everything, but this is good only for the year 09-10, and I’m wondering if most people are able to maintain their eligibility for their 2nd-last year of college. I know this will give me more reason to work really hard, and I’m a pretty hard-working person to begin with, but there are no guarantees. And I got into University of Maryland College Park, aka in-state tuition.</p>

<p>Is it gonna be worth picking BU over UMD?</p>

2

<p>I can’t comment on your last question since I don’t know much about umd. But I will say that your financial aid package will really only change if your financial situation changes aka, your parents get a raise or you win the lottery, etc. Yes, sometimes it will change based on how you perform academically but if you work hard, you’ll be fine. I don’t think the gpa that you have to maintain is anything unreasonable. Don’t underestimate your academic abilities, I’m sure you’ll be able to perform fine.</p>

<p>I’m a rising junior and my financial aid package hasn’t changed as a result of academic reasons. I work hard but I’m definitely not the hardest worker. I’m actually pretty lazy sometimes, haha.</p>

3

<p>If you’re just getting a regular grant, then the requirements are only a 2.3 GPA and 12 credits hours (usually 3 classes). Both are very easy to maintain.</p>