Southern New Hampshire University Additional terms and limitations are printed on the Master Promissory Note. For more information on Stafford Loans please visit www.snhu.edu/1212.asp.
Federal PLUS Loans Parent Loans for Undergraduate Students (PLUS) is a program designed to provide assistance to parents who wish to borrow money to help pay for their dependent child’s education. The maximum loan amount is equal to the total cost of attendance minus the amount of financial assistance received by the student. Repayment of principal and interest begins immediately with minimum monthly payments of $50 plus interest. Repayment may be spread over 10 years. The university One Stop determines eligibility based upon federal need analysis procedures; the Department of Education determines credit worthiness. A Free Application for Federal Student Aid (FAFSA) must be on file to receive a PLUS Loan.
Alternative Loans for Parents and Students There are several alternative loan programs available for parents and students. These programs should be explored only after Stafford and PLUS loan eligibility has been exhausted. Please view information on the alternative loans at www.snhu.edu/1212.asp.
Federal Work Study Program (FWSP) The Federal Work Study Program is an employment program funded by the federal government and the university. It allows students with financial need to work on- or off campus and receive an hourly wage. The 2011-2012 minimum rate is $7.25 per hour. One Stop sponsors a job fair prior to the start of fall classes to assist students in locating employment; however, neither employment nor earnings are guaranteed. Typical jobs are found in the library, cafeteria, department offices, gymnasium and in maintenance. Community service positions are available off campus at several local nonprofit organizations. Please review the One Stop website for up-to-date employment opportunities.
Southern New Hampshire University Student Part-time Payroll In addition to the university Work Study Program, Southern New Hampshire University maintains a student part-time payroll. Pay periods, pay rates and job duties are the same as with the Work Study Program; however, there is no total earnings ceiling per academic year.
Off-campus Employment Manchester is New Hampshire’s Queen City and the population center of the state. Part-time, non-work-study employment opportunities also exist in the local area and, although not part of the university’s aid program, earnings from such sources can contribute significantly toward meeting university costs. The university’s Career Development Center coordinates information concerning these opportunities and acts as a liaison with local employers. 20
International Students and Financial Aid Financial Aid is available to international students. Students may apply online on the international admissions Web page. Maximum awards are $5,000 for undergraduate students and $3,000 for graduate students, based on GPA. Some private student loans are available to international students provided they can obtain a co-signer living permanently in the United States. Details are available in International Student Services (ISS). International students may work on campus up to 20 hours per week with potential earnings of up to $5,000 per year.
Computer Purchase Program One Stop at Southern New Hampshire University (SNHU) does not offer grant aid for the purchase of a computer, however students and parents may borrow additional loan funding, up to $1,500, to cover this expense. If a family would like to borrow additional loan funding to cover this required expense, they should contact One Stop.
Veterans’ Benefits Southern New Hampshire University is approved for the education of veterans and the children of veterans. Questions regarding benefits for veterans should be directed to the Office of the Registrar. Each new veteran should submit: a. an application for admission. b. a registration form for the next term. c. an official high school transcript or an official copy of GED test scores. d. official university transcripts, if any. e. a copy of DD-214 and any service school data. f. the necessary Veterans Association paperwork. Veterans enrolling under the G.I. Bill for the first time may experience a delay of up to two months before they receive their first checks. Veterans should contact the Veterans Affairs Office if no check has been received by the seventh week of a term. If a veteran student is transferring directly from another school where he or she had been using VA benefits, the student should ensure that the other school promptly notifies the VA of his or her effective date of termination. Students must notify the registrar of any past university credits that are transferable to Southern New Hampshire University. If, after two terms, the veteran does not supply the required official transcripts of past studies, he or she will be certified only for the cost of courses. In the College of Online and Continuing Education, two courses per eight-week term constitute a full-time academic load and qualify the veteran for full-time benefits. Students requesting Veterans’ Educational Assistance are required to have all previous postsecondary educational