Southern New Hampshire University The net balance due on a student account consists of tuition and fees less the net amount of financial aid to be posted. Balances, which result from unpaid financial aid (for any reason), are the student’s responsibility to pay. All students must sign a one-time Institutional Promissory Note agreeing to the terms and conditions as set forth by Southern New Hampshire University. The Institutional Promissory Note can be located on the Web at: www.snhu.edu/9461.asp. Unpaid balances will be subject to finance charges. Student financial accounts must be settled in one of the following ways:
If a student withdraws after they have attended 60 percent of an academic term, they have earned 100 percent of the aid awarded for that term and there is no cancellation of aid. In some instances, if a student has taken a credit refund from financial aid funds and then withdraws, these funds may need to be paid back to federal aid sources, or Southern New Hampshire University depending on the circumstances.
a. Students may access billing statements, account and payment information through my.snhu.edu under “Self-Services; Pay my bill.”
Institutional financial aid may also be canceled during the withdrawal process based on adjustments to charges and federal financial aid.
b. Paid in full and received by One Stop before the semester’s payment due date (cash, check, money order, VISA, Discover and MasterCard accepted) or:
Students will have all refunds processed within 30 days of the notification of withdrawal. Southern New Hampshire University complies with all federal refund requirements.
c. Enrolled in the contracted payment plan offered through Tuition Management Services (TMS), for full–time day students only. Participation is defined as TMS having received the first payment and enrollment fee before the semester’s payment due date. TMS is an independent payment plan company that is authorized by Southern New Hampshire University to make payment contracts and receive payments on the university’s behalf. There is an enrollment fee to open a contract. Contact TMS directly to open a contract (800.722.4867) or www.afford.com. Finance charges will not accrue on a student account provided the payment contract is in good standing. You will be responsible for making any necessary adjustments to the payment contract in order to settle the account in full with SNHU. Any account balance not contracted with TMS is due and payable immediately to SNHU.
Finance Charges All outstanding balances are subject to 18 percent per annum finance charge, including balances from pending/anticipated financial aid. Finance changes are posted on the last day of each month.
Withdrawal and Proration of Fees Policy (Undergraduate Day) Students who withdraw from the university (see Withdrawal from Southern New Hampshire University) may be eligible to receive a refund according to the policy listed below that applies to their situations. This policy is also applicable to part-time undergraduate day school students. Students receiving Federal Title IV Financial Aid (Federal Stafford, Plus, Perkins loans and Federal Pell or FSEOG grants): Students who withdraw before they have attended 60 percent of any particular academic term may need to have a portion of the federal financial aid canceled. These funds, if already disbursed would then be returned to the U.S. Department of Education. The percentage of federal financial 24
aid “earned” (allowed to keep) is based on the amount of time a student attends in that term and is calculated using the Federal Return to Title IV funds formula provided by the U.S. Department of Education.
Tuition, fees, room and board are canceled/reduced based on the following schedule for standard day school students: Tuition and Room charges: • 100 percent refund before the first day of class. • 90 percent refund through the first 10 percent of the term. • 50 percent refund from 10 to 25 percent of the term. • 25 percent refund from 25 percent of the term through 50 percent of the term. • No refund after 50 percent of the term has elapsed. Fees: No refund after the first day of class for student activity fees. Dining Plan 1 and Dining Plan 2 balances are refundable at 40% of remaining balance less $400. This means the balance of dollars over $400 is refundable at 40% at the end of the school year except for students transferring, graduating, or withdrawing at the end of the first semester. All remaining balances will be forfeited as of May 31. Refund requests must be received in writing at One Stop by May 31. Balances under $400 are not eligible for refund.
Non-matriculated Part-time Students Southern New Hampshire University provides limited opportunities for residents of the Greater Manchester area to enroll as special students on a part-time basis in its undergraduate day programs, including the culinary program. Non-matriculated part-time students may enroll for up to six credit hours in a semester, not to exceed nine credit hours per academic year or more than 12 credit hours in total. Enrollment is on a space-available basis. Contact the Office of Undergraduate Admission for more information. The tuition rate is shown on the tuition and expenses table. There are no refunds for withdrawals due to the reduced cost of these classes.