Financial Aid?

Colleges and Universities A-Z Boston University
1

<p>I was accepted to BU, but upon receiving my financial aid package it looks like I have no way I could possibly attend. My family’s EFC is 0, and yet BU gave me absolutely no grant money, giving me just federal aid and loans. Did anyone else lack grant money as well? Or did anyone get grant money?</p>

<p>Also, my financial aid decision says this:</p>

<p>“You are eligible for federal financial aid in the amount of $XX,XXX. Your admission affirms the strength of your achievement; however, University funding is insufficient to award all students with calculated eligibility. Therefore, we are unable to offer you BU grant funds.”</p>

<p>Does anyone know anything more about BU having any budget problems this year?</p>

2

<p>I am in the EXACT same situation as you bigheb. I was hoping maybe for a scholarship but unfortunately wasn’t awarded that either. I was pretty surprised since my other financial aid awards have been overwhelmingly good from other colleges. I was really hoping to go to BU; I absolutely love the university and the city of Boston but it looks as though I’ll be unable to. Congrats to all those that are going though!</p>

3

<p>Don’t worry. I got accepted and even with Pell Grant and other shi-</p>

<p>Turning down the offer fo’ sho’ … :s</p>

4

<p>How much did you guys get? I got $52.6k with $8.5k in loans and $2k unaccounted. Not sure if thats good. Anyhow I had 0 EFC and there’s still almost 10k per year :x</p>

5

<p>My total was about $11,000 and my EFC was 0 too. Half is in loans and the other half is a grant.</p>

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<p>^^How did you get $52.6 k of money for need? That means, you’re paying around $10k a year, which most students yearn to have at a private accredited instituition.</p>

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<p>I dont know what my family’s EFC was, but I got 48,300 total, with no merit scholarships. Sorry to hear. :frowning: Do they maybe give it dependent on EFC + grades?</p>

8

<p>I got $12,800, which is less than half than what I’ve gotten at other colleges.</p>

<p>I don’t think merit is ever calculated into the need-based grants, only for scholarship eligibility. At least that’s what the case was at other schools. I got into RPI’s business program with far worse credentials than the average engineering student there and still got $21,000 in institutional grant money alone from them.</p>

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<p>Reposting from the other thread:</p>

<p>I got:</p>

<p>Boston University Grant : 35600
Academic Competitiveness Grant : 750
Federal SEOG :2500
Federal Perkins Loan : 3000
Federal Pell Grant : 5550
Total Aid to Be Credited to Student Account: : 47400 </p>

<p>And then…
Federal Direct Unsub Loan-Additional : 2000
Federal Direct Subsidized Loan : 3500
Federal Work Study: 2000 </p>

<p>So that’s 8500 in loans, meaning I would owe 34,000 total after graduating. My EFC = 0 according to FAFSA. </p>

<p>I’m trying to find the link to this chart they have. Basically BU has this chart that determines the amount of grants you get. The higher your grades and the lower your EFC, the more money you get. It’s a combination of both.</p>

<p>Here it is:</p>

<p><a href=“http://www.bu.edu/finaid/apply/incoming_probability.html[/url]”>http://www.bu.edu/finaid/apply/incoming_probability.html&lt;/a&gt;&lt;/p&gt;

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<p>Actually merit is a factor. I got a 37k grant and it says on their website that:</p>

<p>“Boston University Grant is provided to students who meet all eligibility criteria for need-based financial aid. Academic performance is also a key factor in determining whether a candidate will be offered Boston University need-based grant.”</p>

<p>Federal aid though, i got less.</p>

11

<p>I didn’t get any federal aid or grants :(</p>

12

<p>where did it tell you your financial aid package? i dont see it anywhere! =&lt;/p>

13

<p>Darn. That really sucks. My grades and SAT scores are about average for BU, but my class rank is bad (top 35%) because I go to a very competitive high school that does class rank based on weighted GPAs. That explains my disproportionate aid package.</p>

<p>I got a good package from Babson though, so I’ll still get access to Boston at least.</p>

14

<p>I was top 5% in a class of 1324 students, ranked on weighted gpas. I think that may be why my university grant was pretty high.</p>

15

<p>Only 33.3k for the Boston university grant, :o can I repeal for the unaccounted 2k?</p>

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<p>i’m so angry right now. on my financial aid page it says i need an additional document and it won’t tell me what it is and i don’t know how much they’re giving me. UGH!</p>

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<p>Did you turn in the FAFSA and the CSS Profile?</p>

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<p>yes. i’ve checked the website almost every day and it never asked me for any additional documents until now and their office is closed until monday. i’m seriously going to cry. i’m basing my whole decision on what school i’m going to on how much money BU gives me.</p>

19

<p>Never be embarrassed about appealing for money. It’s free money who wouldn’t appeal for it? My friend had to pay 15,000 at Bucknell and only 4,000 at Lehigh. He appealed to Bucknell and they matched Lehigh’s offer. Then he appealed again and lowered the amount to 2,000.</p>

20

<p>I got nothing for need-based financial aid lol. Luckily, though, I got a hefty merit scholarship.</p>