Summer financial aid is a separate process. A student may be eligible to borrow the Federal Direct Loan for the summer term if the student did not borrow all of their annual loan limit during the prior academic year or will not be borrowing the annual loan limit for the coming academic year due to attendance for only one semester.

Graduate students are eligible to borrow up to 20,500 for an academic year. If you are enrolling in a summer semester, the amount borrowed will be placed against that annual limit. The remaining amount will be divided equally between the fall and spring semesters.

In addition, a student is eligible to borrow if the summer term is the student’s final enrollment period. Students must also be enrolled at least half-time (six credit hours) over the course of both summer sessions to be eligible.

• Summer 2023 Unsubsidized Direct Loan Request Form
• Summer 2023 Direct PLUS loan Application 

Be sure to complete the 2023-2024 FAFSA prior to completing Summer 2023 loan application.

Central office (BU Office of Financial Assistance) process Summer loan applications, therefore there may be delays depending on volume.

*Loan eligibility cannot be determined until you are registered for the summer session. It is important that your request be submitted as soon as possible after registering for your summer classes. Your application will take approximately seven to ten business days to process once our office begins reviewing loan requests in early April.