Financial Aid

Federal Loans

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 DIRECT LOAN APPLICATIONS ARE NOW LIVE!

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

Private Loans

You are eligible to borrow a private educational loan for the summer. Options for lenders can be found here. If you intend on taking less than 6 credits, please be sure that your lender of choice allows this.

Merit Scholarships

MBA +MSDt and MSBA students with summer scholarships will be awarded the day of summer registration.

Unless you have already been awarded a summer scholarship through Graduate Admissions, there is no institutional funding for summer.