What Amount of Financial Aid is Offered?
Boston University's typical financial aid package for newly arriving first year students is $54,002. About 49.0% of first year students obtain financial aid, the majority of which is in the form of scholarships and grants.
Financial aid contains loans, grants, and scholarships. However, student loans need to be paid back, so they aren't a genuine discount.
Student debt should be considered to be an "outcome" rather than "aid". Learn more about student loan debt at Boston U.
How Much Aid Is Available in Scholarships & Grants?
The numbers below apply to grants and scholarships largely provided by Boston University.
49.0% of freshmen (1,759 total) were given scholarships at Boston University, averaging $40,819 per person. This puts it in the top 20th percentile of all schools nationwide.
635 first year students also received a grant. A total of 18.0% of Boston U first years received grants with an average of $7,103 per person.
See the typical amount of grants and scholarships first years receive by studying the chart below.
Grants are usually based on need while scholarships are merit-based.
Amount of Aid Per Family Income
The next chart displays grant and scholarship allocations by family income for first year students getting any form of federal Title IV assistance, which includes Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||16.2%||$24,469|
Title IV aid includes grants, loans, or work-study granted by the federal government typically based on need. Learn more here.
The Standard Undergraduate Who Gets a Scholarship or Grant Will Get $36,461
Of the 18,515 undergraduates at Boston University around 49.0% (8,986 in total) get some kind of grant aid. The average amount granted was $36,461.
Financial Aid Links from Boston University
|Financial Aid Department Website||www.bu.edu/finaid|
|Net Price Calculator||www.bu.edu/finaid/aid-basics/cost-of-education/net-price-calculator/|
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