Summer Financial Aid
Financial aid for Boston College's Summer sessions is limited. Federal Direct Loans (Stafford and PLUS), Work-Study, and private educational loans are the only sources of funding available through the Office of Student Services for Summer enrollment. Graduate students wishing to be considered for Summer financial aid have a priority deadline for the FAFSA of February 15, 2012 and a priority deadline for the Boston College Graduate Financial Aid Application of February 22, 2012.
To be considered for any Federal financial aid, all students must be enrolled at least half-time in a degree program and must have completed Boston College's financial aid application process. For more information, visit www.bc.edu/gradaid. Graduate students interested in applying for tuition remission or stipends must contact their academic departments directly.
Federal Direct Loans
A student may be eligible to borrow the Federal Direct Loan for the Summer term if the student did not borrow all of his/her 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. 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. Click here for more information on Federal Direct Loans.
Federal Direct Graduate PLUS Loan
Graduate Students may apply for a Federal Direct Graduate PLUS loan to cover Summer educational expenses. All graduate students wanting to be considered for a PLUS loan must first apply for Federal financial aid. For application materials and deadlines, please refer to www.bc.edu/gradaid. The Office of Student Services will determine the student's eligibility for a Federal Direct Stafford loan before the student applies for a Federal Direct Graduate PLUS loan.
The Federal Direct Graduate PLUS loan is a credit-based loan that is available to assist students with the costs of higher education. The student borrower must be a citizen or permanent resident of the United States. The student must be enrolled at least half-time, which is generally six credit hours, in a degree-granting program. The interest rate on the Federal Direct Graduate PLUS loan is fixed at 7.9%. Interest begins to accrue on the date of the first loan disbursement. Click here for more information on Federal Direct Graduate PLUS Loans.