Financial Aid or withdraw from class. A drop fee is automatically assessed one week prior to the term start. Once the term begins the fee schedule is based on the withdrawal schedule above. Students enrolled in their first terms at the university and who are recipients of Title IV federal financial aid are eligible for a pro-rata refund through the first four weeks of their enrollment. Southern New Hampshire University complies with federal regulations to calculate and return to recipients of Title IV funds any awards received while they are enrolled in this program. Please contact the Office of Financial Aid for details. Students on the university meal plan who withdraw will be entitled to a proportionate refund of dining hall charges upon the surrender of their university identification card. Meal account refunds are based upon actual usage and earned administrative fees.
Financial Aid Southern New Hampshire University provides several types of financial assistance to help students and their families meet the cost of a university education. More than $60 million was awarded to our students in amounts ranging from $500 to the full amount of educational costs during the 20072008 academic year. Student aid programs administered by Southern New Hampshire University come from federal, state, institutional and private sources. A coordinated scholarship and assistance program includes three basic types of aid — gift, loan and work. The different types of assistance can be awarded singly, but it is the university’s usual practice to award these types in various combinations called financial aid packages. The majority of financial aid for graduate students comes in the form of federal student loan programs. All scholarship and assistance programs are subject to prevailing federal and state regulations. Compliance with these regulations is the responsibility of the student and the aid administrators and is a condition of the student’s eligibility to receive assistance. All students are encouraged to seek assistance from sources outside the university in addition to applying for aid through the Office of Financial Aid. Outside assistance must be reported to the Office of Financial Aid and may necessitate a revision to an existing financial aid award to avoid exceeding the allowable cost of attendance for the student’s program of study.
by using a PIN issued by the Department of Education. You may use the PIN to sign your FASFA online. Students may obtain a PIN at www.pin.ed.gov. Awards are made for one academic year, which includes terms starting on or after July 1. Students must reapply for financial aid each year. Normal processing time for the FAFSA is approximately seven to ten days if submitted electronically; four weeks for mailed submissions. Students striving to meet the priority date are advised to keep the processing time in mind. Midyear transfer students must ensure that loans processed at other institutions are adjusted by their previous schools to reflect their actual enrollment end dates at those schools. Please contact the Office of Financial Aid of your previous school to have them update this information with your lender.
Federal and State Programs Selection Criteria Southern New Hampshire University participates in Federal Title IV student aid programs and utilizes the required federal methodology for determining student eligibility for federally funded assistance. For graduate student applicants, an estimate of the student or family contribution is made based on the income and assets of the student or his or her spouse. Taxes and other liabilities are taken into consideration in the formula. The difference between a student’s cost of education and the estimated family contribution and support received from sources outside the university is the student’s demonstrated financial need. The Office of Financial Aid attempts to fund demonstrated need through a combination of available financial aid sources. All information submitted in support of an applicant’s aid request is held in strict confidence. Required paperwork must be completed before or during the student’s enrollment period. If a student withdraws from school prior to completing any required financial aid processes, pending financial aid funds will be canceled and any charges will become immediately due to the university. The university also reserves the right to cancel awards and re-bill the student and/or parents in cases where awards were authorized on the basis of incorrect or incomplete information.
Loans and Employment Federal Stafford Loans
The Financial Aid Application Process All students are strongly encouraged to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA information is used for students who wish to apply for any type of need-based assistance, including loans and grants. It is also used by many outside scholarship programs. The Southern New Hampshire University code is 002580. The FAFSA can be completed electronically at www.fafsa.ed.gov
To determine eligibility for this federally regulated loan, the student must file the FAFSA and have completed a Federal Stafford Loan Master Promissory Note. Only a university financial aid office can determine the student’s eligibility based on the cost and financial need at the particular university. A Master Promissory Note is a renewable serial loan note that must be completed for your first Stafford Loan at SNHU. In succeeding years, additional funds may be added to this note 17