How BU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Boston University since 2013.

For that period, the average number of students who received grants aid/scholarships is 8,730, which is 48.56 % of all undergraduate students. 5,855 students which is 32.56% of undergraduate students received federal student loans and the average loan amount is $6,867.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	9,379 (52%)	$26,323	2,587 (14%)	$4,169	7,231 (40%)	$7,209
2014-15	8,902 (49%)	$26,513	2,372 (13%)	$4,291	6,817 (38%)	$7,228
2015-16	8,266 (46%)	$29,934	2,372 (13%)	$4,364	6,555 (37%)	$7,267
2016-17	8,150 (45%)	$31,071	2,431 (14%)	$4,412	6,367 (35%)	$7,294
2017-18	8,679 (48%)	$33,085	2,681 (15%)	$4,633	5,983 (33%)	$7,067
2018-19	8,986 (49%)	$36,461	2,887 (16%)	$4,801	5,762 (31%)	$6,679
2019-20	8,797 (49%)	$38,797	2,864 (16%)	$4,849	5,209 (29%)	$6,595
2020-21	8,502 (50%)	$42,751	2,916 (17%)	$5,033	4,412 (26%)	$6,383
2021-22	8,911 (49%)	$46,070	3,138 (17%)	$5,156	4,355 (24%)	$6,082
Average	8,730 (48.56%)	$34,556	2,694 (15.00%)	$4,634	5,855 (32.56%)	$6,867

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 1,762 (49.56 % of students) received grants or scholarships and its average amount is $39,993. It can cover 61.37% of tuition & fees ($65,168).

In addition, 1,187 (33.11 % of students) students get helped from the students loans (average amount : $10,299).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,993 (52%)	$28,848	1,652 (43%)	$10,219
2014-15	1,921 (49%)	$30,849	1,634 (42%)	$9,761
2015-16	1,695 (47%)	$34,255	1,469 (40%)	$9,652
2016-17	1,701 (48%)	$34,156	1,382 (39%)	$10,203
2017-18	1,804 (52%)	$41,036	1,114 (32%)	$11,099
2018-19	1,780 (49%)	$43,022	958 (27%)	$10,980
2019-20	1,503 (48%)	$45,724	826 (26%)	$10,878
2020-21	1,553 (53%)	$50,486	744 (26%)	$9,475
2021-22	1,912 (48%)	$51,565	905 (23%)	$10,425
Average	1,762 (49.56%)	$39,993	1,187 (33.11%)	$10,299

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 574 (16.11 % of students) received Pell (federal) grants and its average amount is $4,766.

In addition, 115 students received State/local government grants/scholarships (3.44 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	588 (15%)	$4,253	336 (9%)	$2,389	138 (4%)	$2,018	1,956 (51%)	$27,563
2014-15	554 (14%)	$4,397	417 (11%)	$2,282	124 (3%)	$2,090	1,888 (48%)	$29,457
2015-16	482 (13%)	$4,540	325 (9%)	$2,389	96 (3%)	$2,767	1,676 (46%)	$32,716
2016-17	489 (14%)	$4,626	336 (9%)	$2,121	93 (3%)	$3,082	1,663 (47%)	$32,975
2017-18	635 (18%)	$4,781	581 (17%)	$2,377	124 (4%)	$2,534	1,782 (51%)	$38,887
2018-19	629 (17%)	$4,891	522 (14%)	$2,748	78 (2%)	$3,441	1,759 (49%)	$40,819
2019-20	528 (17%)	$5,017	475 (15%)	$2,604	116 (4%)	$3,172	1,488 (47%)	$43,326
2020-21	577 (20%)	$5,101	537 (18%)	$2,593	109 (4%)	$3,410	1,541 (53%)	$47,824
2021-22	688 (17%)	$5,286	635 (16%)	$2,392	157 (4%)	$3,386	1,897 (47%)	$48,974
Average	574 (16.11%)	$4,766	463 (13.11%)	$2,433	115 (3.44%)	$2,878	1,739 (48.78%)	$38,060

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 1,187 (33.11 % of students) get any students loan help and its average loan amount is $1,187.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,652 (43%)	$10,219	1,620 (43%)	$6,794	317 (8%)	$18,533
2014-15	1,634 (42%)	$9,761	1,594 (41%)	$6,777	255 (7%)	$20,186
2015-16	1,469 (40%)	$9,652	1,443 (40%)	$6,923	214 (6%)	$19,573
2016-17	1,382 (39%)	$10,203	1,346 (38%)	$6,470	255 (7%)	$21,147
2017-18	1,114 (32%)	$11,099	1,065 (30%)	$5,318	253 (7%)	$26,485
2018-19	958 (27%)	$10,980	901 (25%)	$5,264	217 (6%)	$26,618
2019-20	826 (26%)	$10,878	781 (25%)	$5,204	187 (6%)	$26,314
2020-21	744 (26%)	$9,475	703 (24%)	$4,317	159 (5%)	$25,248
2021-22	905 (23%)	$10,425	845 (21%)	$4,196	212 (5%)	$27,776
Average	1,187 (33.11%)	$10,299	1,144 (31.89%)	$5,696	230 (6.33%)	$23,542

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Scholarships, Grants, and Loan Trends at BU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time