Frequently Asked Questions
Scholarships
What are merit scholarships?
Merit Scholarships are financial aid awards that are based on a student’s achievements and accolades. Questrom Graduate Admissions oversees the entire merit scholarship selection process.
At the graduate level, all scholarships are merit based. There is no need-based financial aid for domestic or international students.
All incoming residential graduate students (domestic and international) are considered for merit scholarship at the time of application submission.
How much can I receive?
Merit scholarship amounts can range from $5,000.00 to full-tuition scholarships. Questrom merit scholarships can only be applied toward tuition and cannot exceed tuition.
Can I appeal my scholarship decision?
Applicants who have not yet matriculated, may request a reconsideration of the merit scholarship amount already received. Applicants will need to reach out to their Graduate Admissions Program Manager to discuss this reconsideration process. Graduate Admissions will review any new information and updates provided (promotions, certificates earned, etc…), and a decision will be made.
Once a student has matriculated, their scholarship is set for the duration of the program. There are no additional opportunities for merit scholarship increases or appeals.
Whate are private scholarships
Private scholarships are financial awards that do not need to be repaid and are funded by private entities, such as corporations, foundations, and community groups – private scholarships are not affiliated with Boston University.
Private scholarships are a student-led initiative, as it is the responsibility of the student to seek additional private scholarship opportunities.
Federal Student Aid
What is the FAFSA / Federal Student Aid
The FAFSA is the Free Application for Federal Student Aid.
At the graduate level, there is no need-based federal financial aid. Federal aid options at the graduate level are unsubsidized loans and the graduate PLUS loan (available only to legacy borrowers).
The FAFSA covers the academic year (Fall, Spring, and Summer)
Who is eligible to apply for the FAFSA?
Be a US citizen or eligible non-citizen
Be enrolled in a graduate degree program
Be registered for at least half-time (6 credits per semester that are accepted towards the degree program)
Maintain Satisfactory Academic Progress (according to their programs student handbook) at the end of each semester
Not be in default on a previous student/educational loan.
Be within the $100,000 graduate student Unsubsidized aggregate limit and $257,500 lifetime borrowing limit. The lifetime limit excludes Graduate and Parent PLUS loans, but includes all other Federal Direct loans, including amounts canceled, repaid, forgiven, or discharged. If you qualify for Legacy Provisions, you must be within the subsidized/unsubsidized aggregate borrowing limit of $138,500.
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Payments & Billing
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Boston University Questrom School of Business
Rafik B. Hariri Building
595 Commonwealth Avenue
Boston, MA 02215
MBA CENTER
For Residential MBA Students:
CONTACT
mbacenter@bu.edu
617.353.7800
OFFICE HOURS
Fall & Spring
Monday – Thursday:
9:00am – 6:30pm
Fridays:
9:00am – 5:00pm
Summer
Monday – Tuesday:
9:00am – 5:00pm
Wednesday – Thursday:
9:00am – 6:30pm
Friday:
9:00am – 5:00pm (virtual)
HAR 416
FOLLOW US
@questrom_MBA
@questrom_MBA
For OMBA students needing support, please contact ombasuccess@bu.edu
SPECIALTY MS & PhD CENTER
For students in the MSBA, MSMFT, MiM & PhD programs:
CONTACT
qstmsphd@bu.edu
617.353.7800
OFFICE HOURS
M-F 9am – 5pm
HAR 416
FOLLOW US
@questromgrad
@questromgrad