FINANCIAL AID

The goal of Questrom Graduate Financial Aid is to make your graduate degree financially possible. Our staff will work with you to review financing options, determine eligibility, and help you select the best possible means for securing your degree. The Graduate Financial Aid Office is fully staffed and ready for student appointments! To make an appointment please email questromfa@bu.edu,  or call 617-353-9115.

Options for Financing Your Education

Loans

Federal loans are available to U.S. Citizens/permanent residents

Private loans could be available for domestic students students to help cover any needed portion of their tuition/expenses

Many US citizens, permanent residents, and international students finance their graduate educations with credit-based education loans. US citizens and permanent residents who qualify as creditworthy do not require cosigners. For more information about lenders in the rapidly changing loan environment, please visit BU’s Alternative Financing Options website

International students, however, may need to apply with a creditworthy US citizen or permanent resident with a US-based address. We encourage you to research the different loan programs and determine which loan best fits your needs. All students are encouraged to seek lenders offering loans with the most favorable terms. Here are some loan options for International Students seeking to borrow without a co-borrower and important steps you should take in investigating all loan options.

Tuition Reimbursement

Students whose company has tuition reimbursement benefits will need to notify Questrom Financial Aid or indicate this on their financial aid application.

Payment Plans

Students may choose to budget all or part of their semester balance in five monthly payments with the  Payment Plan administered by Nelnet. Participants must complete an enrollment agreement and pay a nonrefundable enrollment fee per semester. For more information about the Payment Plan or learn how to enroll online, please visit the Student Accounting Services website. The deadline to enroll in the Payment Plan is mid-August for the Fall Semester, and mid-December for the Spring Semester. Payments for fall term do begin in May and enrolling after May would require making back payments upon enrollment.

Veteran Benefits

Veterans and military-connected students may be eligible for educational assistance. If you intend to use VA education benefits at Boston University, the first step is to apply with the VA. Once you are matriculated, please email veterans@bu.edu a copy of the Certificate of Eligibility that the VA provides after processing your application. You may also visit the VA website or contact 1-888-GI-BILL-1 (1-888-442-4551) to speak with a Veterans Benefits Counselor.

Yellow Ribbon Program

The cost of Questrom’s Online MBA is fully-covered for 100% eligible Post 9/11 GI Bill^® recipients who do not exhaust benefits, so these students have no need for the Yellow Ribbon Program, and the VA will not disburse Yellow Ribbon funds. If you have questions about utilizing your VA benefits you may contact Boston University Veterans Services at veterans@bu.edu or 617-353-3678.

Outside Scholarships

The scholarship search engines below can help you to find the scholarships that are most applicable to your strengths, interests, and skills.

• Internationalstudent.com-Resource website for international students looking for funding
• The College Board
• FastWeb​
• Federal Student Aid​
• ​Fin Aid! Guide to Financial Aid
• Massachusetts Educational Financing Authority (MEFA)​
• Massachusetts Office of Student Financial Assistance​
• The Wily Network​– support services for youth with foster care experience​

In addition, Questrom Financial Aid updates the list below as we are made aware of scholarships that may be applicable to some or all of our students. This list is not comprehensive but can also be a good place to start your search.

Green scholarships for college students– Offers a list of scholarships for those who will dedicate their career to reducing pollution, focusing on recycling and conserving energy

Golden Key Scholarships– Golden Key offers unique scholarships, awards and grants to members, alumni and advisors all over the world.

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.

FINCAD Women in Finance Scholarship Program – The FINCAD women in Finance Scholarship Program offers an annual award of $10,000 to support a woman student of graduate study in the field of finance, particularly relating to the use of derivatives in capital markets and/or financial risk management. The scholarship is open to women of any age and citizenship.

Minorities in Government Finance Scholarship – The GFOA’s Minorities in Government Finance Scholarship of $9,000 is available for award to an upper-division undergraduate or graduate student of public administration, (governmental) accounting, finance, political science, economics, or business administration (with a specific focus on government or nonprofit management)