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STUDENT FINANCIAL SERVICES
Presented by:
Drew Sands, MBA
Assistant Director
Emir Morais, MPA
Associate Director
Student Financial Services
• Located in B-401 (Robinson Building)
• SFS Office Hours:
• Monday – Friday, 9:00 A.M. – 5:00 P.M.
• 617-638-5130
• bumc.bu.edu/osfs/med
Our Team
Lisa Nguyen
Administrative AssistantSandia Chau
Assistant Director
Jonathan Brett
Housing Resources Manager
& Senior Financial Aid Advisor
Emir J. Morais, MPA
Associate Director
Drew Sands, MBA
Assistant Director
BUSM Liaison
Scott Harrison
Assistant Director
SPH Liaison
Keneshia Estime
Assistant Director
GSDM Liaison
Sherill Ashe
Financial Aid Administrator
GMS Liaison
Services Offered by SFS
• Administering aid: institutional, federal, and private loans
• Financial Literacy Workshops
• Debt Management Counseling
• Approving cash refunds for living expenses
• Our office is a great resource to our student population
BU Real Estate:
bu.edu/realestate
BUMC Housing Resources:bumc.bu.edu/ohr
Contact: Jonathan Brett
Housing Resources Manager &
Senior Financial Aid Advisor
Phone: 617-638-85125 Email: [email protected]
FAQs: bumc.bu.edu/ohr/faqs
BUMC Housing Resources
Master Promissory Note (MPN)& Entrance Counseling
• Required for any new borrower.
• Direct Loan/Graduate PLUS borrowers visit studentloans.gov to
complete all MPNs and Entrance Counseling requirements.
• Requires FSA ID. Visit https://studentaid.ed.gov/sa/fafsa/filling-
out/fsaid#fsaid-intro for details.
• Each document will expire after 10 years
Applying for Financial Aid• Apply Annually
• FAFSA becomes available on October 1st for the following year’s FAFSA
• Free Application for Federal Student Aid (FAFSA)
• William D. Ford Direct Loan Request Form
• Credit-Based Loan Products:
• bumc.bu.edu/osfs/creditbasedloans
• Scholarship Opportunities:
• bumc.bu.edu/osfs/resources/scholarships
How Do I Request Living Expense Money?
• Submit a request through your Student Link
• You must repeat the process every time you have a new credit
• Requests reviewed no sooner that the first day of class –
expect the funds 3-4 business days later
Log into your Student Link Account and Select “Money Matters”
Select Student “Account Inquiry”
Select “Request a Refund”
Building Your Own BudgetPlanning Steps
• Identify your financial goals
• Estimate your expenses
• Determine borrowing needs not wants
• Do the math – do you have a surplus or deficit?
INCOME ≥ EXPENSES
Sample Budget: 2017-2018• Total Living Expenses: $19,500
(Includes Room & Board, Personal & Transportation Allowances)*
• Monthly: $1,950
Sample Monthly Budget:
Rent: $1,200
Utilities: $ 150
Food (includes eating out): $ 396
Phone: $ 100
Transportation: $ 140
Total Expenses: $1,986
*bumc.bu.edu/osfs/med/budget1718/
Building Your Own BudgetReducing Loans (Surplus)
• You can cancel or reduce any loan at any time during the academic year.
• Funds returned within 120 days of disbursement:
• The interest accrued will be cancelled.
• The fees assessed will be removed.
• After 120 days:
• You will be responsible for any accrued interest.
Building Your Own BudgetCost of Attendance Increase Appeal (Deficit)
Complete Cost of Attendance Increase Form and
submit supporting documentation
• Form available at our front desk & website in September
• Each request is reviewed separately based on the
individual’s unique situation
• RECEIPTS, RECEIPTS, RECEIPTS!
Financial Literacy Workshops• Workshops that help with real life financial issues
• Personal budgeting and debt management
• Understanding your credit score & remain credit healthy
• Student loan repayment strategies
• Home buying process
• Steps to filing your income taxes
• Other topics
Additional Resources & Programs• On-campus Financial Literacy Workshops
• AAMC’s Website: AAMC First aamc.org/first
• Bureau of Labor & Statistics bls.gov
• Financial Literacy and Education Commission mymoney.gov
accessgroup.org/access-assist
saltmoney.org
• Public Service Loan Forgiveness studentloans.gov or myfedloan.org
