Financial Aid

Scholarships

Scholarships and grants are gift aid, meaning students do not have to repay them or earn the funds by working. Residential students can receive various amounts of scholarship funding from a multitude of sources. Below are some scholarship sources students use to fund their Questrom education.

Merit Scholarships

Merit Scholarships
- Boston University Questrom School of Business awards generous merit scholarships to the most highly qualified residential program candidates
- Merit based scholarships are awarded at the point of admission and are determined by Questrom Graduate Admissions
- Merit based & Endowed scholarships are funded by Boston University or private-benefactors/organizations associated with Boston University
- No separate or additional scholarship application is required for eligibility
- If a student is selected for a merit award, they are notified at the time of their admission

Dean’s Scholarship

Provides a limited number of awards for candidates with outstanding academic aptitude and contribute to diversity in the classroom. A separate application for scholarship consideration is not needed, and the admission committee considers all admitted candidates for merit scholarship awards. Recipients are notified of these opportunities in their official admission letter. Both domestic and international candidates will be considered for these awards.

Private Scholarships

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 can range in amount and are awarded based on a variety of criteria, such as: academic achievements, affiliation with certain groups, and career aspirations
- Each scholarship has its own eligibility criteria, requirements, and deadline
- Applicants must report any private scholarships they receive to the Graduate Admissions & Financial Aid Office

Scholarship Resources

CareerOneStop
College Board
FastWeb Scholarship Search
Internationalstudent – Resource website for international students looking for funding
OnlineMBA.com – Offers a scholarship directory for both online and residential programs
Federal Student Aid
Fin Aid! Guide to Financial Aid
Massachusetts Educational Financing Authority (MEFA)
Massachusetts Office of Student Financial Assistance
Peterson’s College Quest
The Wily Network – support services for youth with foster care experience

The Goldie Initiative Scholarship

The Goldie Initiative Scholarship – The mission of the The Goldie Initiative is to prepare women for senior leadership roles in all sectors of commercial real estate. The Goldie Initiative does this by providing scholarship support for graduate-level study ($7,500 per year, up to 2 years), mentorship and networking opportunities to women with high potential who are committed to becoming the leaders in the real estate industry. Degrees supported include MBA, MSRE, JD, MUPP, Ms. Arch, etc. Scholarship is open in April and May, check website for updates. Learn more at https://goldieinitiative.org/

Ritchie-Jennings Memorial Scholarship Program

Ritchie-Jennings Memorial Scholarship Program – The Ritchie-Jennings Memorial Scholarship Program is available to students who are studying accounting, business administration, finance, or criminal justice. Students must also express an interest in fraud examination or a similar anti-fraud profession in order to be eligible. Applicants must be enrolled in a minimum of 6 semester hours.

Government Finance Officers Association (GFOA)

GFOA provides several scholarship opportunities for students interested in pursuing a career in state/provincial or local government finance. These scholarships hope to encourage and support educational opportunities for future government finance officers.

Notifying BU of Private Scholarships

Notification letters and payments from private scholarship donors should be mailed directly to Student Accounting Services.

Boston University, Student Accounting Services

25 Buick Street, Suite 130

Boston, Massachusetts 02215

Email: studenta@bu.edu

Effects of an Outside Award on Your Financial Aid

Federal regulations require that your total financial aid not exceed your demonstrated financial eligibility. You must promptly inform BU Financial Assistance in writing of any additional award you receive from any source, either within or outside of Boston University.

Awards you must report include (but are not limited to):

Outside Scholarships & Grants
Tuition Benefits

If you receive an additional award from outside Boston University, your need-based aid will be reduced only if your total aid, from all sources, exceeds your demonstrated financial eligibility. Any reduction will be made to self-help (need-based student loan, or Federal Work-Study) first, and to grant only if the outside award exceeds your total self-help.

If you receive any additional award from another entity within Boston University, your need-based grant will be reduced by the amount of that award.

Fellowships

Fellowships
- Fellowships are competitive awards that provide financial support and opportunities for personal, academic, and professional development
- They can be sponsored by organizations, institutions, or governments, and can last from a few weeks to a few years
- Fellowships may provide funding for portions of graduate study or even for travel and/or independent research not tied to a degree program
- Fellowships are available to students at all academic levels, and typically require detailed applications and require essays, letters of recommendation, and academic proposals

The Office of Fellowships and Scholarships

The Office of Fellowships and Scholarships provides information, outreach, and support to BU students who may be candidates for these nationally-competitive awards.

Contact

The Office of Fellowships and Scholarships hopes to capture every student interested in applying for a fellowship or scholarship. Please complete the Fellowship/Scholarship New Interest Form. It is the first step to working with the Office of Fellowships & Scholarships, and it is also a way to stay up to date on all scholarships offerings. Alternatively, you can schedule a meeting with the Director of Fellowships & Scholarships via Calendly.

MBA CENTER

For Residential MBA Students:
CONTACT
mbacenter@bu.edu
617.353.7800

OFFICE HOURS
Fall & Spring
Appts: M-Th 9am – 6:30pm, F 9am – 5pm

Summer
M-T 9am – 5pm, W-Th 9am – 6:30pm, F 9am – 1pm

HAR 416

FOLLOW US
@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