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Financial Aid

HOW TO ACCEPT YOUR LOANS
  • Login to BU Brain (login instructions on webpage).
  • At the Main Menu, click on the Financial Aid tab. 
  • Select Award and appropriate aid year.
  • Go to Award Overview to VIEW and/or PRINT your award offer.

Assure aid appears on bill>> 

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Federal Perkins Loan for Undergraduate Students

This low-interest (5%) loan is made to undergraduate students with exceptional need, and that are registered for at least 6 credits.

Application for this type of financial aid is done by filling out and submitting the Free Application for Federal Student Aid (FAFSA), and basic eligibility requirements must be met, as determined by the federal government.

Repayment begins nine months after graduation, withdrawal, or enrollment less than half-time (6 credits). The length of the repayment period can vary up to ten years, depending on the amount borrowed. Repayment is made to the State University of New York Student Loan Service Center.  If the borrower disputes the terms of the loan in writing and the State University of New York Student Loan Service Center does not resolve the dispute, the borrower can contact the Office of the Ombudsman Student Financial Assistance at:

Office of the Ombudsman
Student Financial Assistance
U.S. Department of Education
Rm. 3012, ROB #3
7th and D Streets, SW
Washington, DC 20202-5144
1-877-557-2575

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Last Updated: 2/22/13