SEU Financial Aid Offer Brochure (Spring 2024 )

Here’s Your Official Financial Aid Offer

The numbers you see in the enclosed, personalized letter are based on the information we received when you applied to SEU and when you submitted your FAFSA. We’ve included essential information here, so please read it all carefully, and be sure to reach out with any questions. Here are a few highlights; more information is inside!

n Additional third-party scholarships that you have applied for may not be reflected in your letter. You can work with the source of the scholarship to send the funds to SEU and they will be used toward your bill.

n You can accept or decline certain aid offers or loans within the SEU Financial Aid Portal.

n Your preliminary bill for the fall semester will reflect your anticipated balance after your financial aid has been applied. (This will be sent over the summer.)

DO I HAVE TO PAY IT BACK?

Scholarships and grants are considered “gift aid” and do not need to be repaid (but loans do).

SEU Average Costs Per Year

BILLED/DIRECT COSTS PER YEAR 2024–2025

These costs are projected and subject to change. This cost model assumes full-time enrollment and standard meal plan and room selection.* Some classes and majors will incur additional fees. The numbers you see are based on the information we received when you applied to SEU and when you submitted your FAFSA. If your offer includes need-based aid, the dollar amount may be adjusted later if you receive additional aid. Here are a few things to keep in mind.

Did you know?

SEU’s institutional aid is renewable for 4 years!

Just maintain full time enrollment and a 2.0 GPA.

* Note: Your enclosed financial aid offer uses a calculation that assumes you will be living on-campus. Most students live on campus; off-campus living is only permitted in certain approved circumstances. Visit SEU.edu/housing for details.

INDIRECT COSTS/OTHER ALLOWABLE EXPENSES

Determining the cost of attending college also means estimating your potential expenses beyond tuition, housing, and meals. You can choose to apply your financial aid toward these allowable expenses (up to the amounts listed below). Your individual costs will vary.

Books & Supplies: Up to $1,600

Transportation: Up to $1,800

Misc. Living Expenses: Up to $6,000

Estimated Federal Student Loan Fee: $72

How to Estimate Your Total Out-of-Pocket Costs

Simply add up your Billed/Direct Costs and projected Indirect Costs, and then deduct the awarded aid you’re accepting. Or, scan the QR code to use our handy cost calculator. Then, see the opposite panel for options to cover your remaining balance.

What’s Next?

Once you review your award and estimate your expenses, it’s time to make your plans! Here’s how.

1. Save your spot. Use your personalized admission link to submit your deposit and enrollment confirmation form. This secures your spot at SEU.

2. Set up your account. Once you’ve saved your spot, keep an eye on your personal email, where we will send your SEU ID number. Use this number to set up your access to SEU’s campus systems and your new SEU email account. Going forward, all of your SEU communications will be sent to your SEU email. Visit SEU.edu/access for help.

3. Set up your SEU Financial Aid Portal account. Visit SEU.edu/viewyouroffer set up access and log in to the SEU Financial Aid Portal. (This system is separate from your SEU account access listed above.) You’ll be able to view your financial aid, accept/decline your loans, find and complete all required forms, and check the status of any missing documents.

4. Explore additional financial aid options to offset any difference between your total out-of-pocket annual expenses and your total award amount. You can use any combination of these options:

n Additional Undergraduate Scholarships — Visit SEU.edu/scholarships to see a full list.

n Third-Party scholarships — Available from many sources, such as high schools, churches, civic groups, and parents’ employers. (Receipt of outside scholarships could affect your eligibility for certain aid types.)

n No-interest payment plans —Allow you to spread the payment of your tuition and fees across the semester. Get set up at SEU.edu/paymentplan.

n Employment — Start your search at SEU.edu/employment

n Federal Work Study (FWS) — A part time job that provides funds to use toward approved educational expenses.

n On-campus job — 150+ positions are available at SEU!

n Loans

n Federal Parent PLUS Loan — Contingent upon parent application approval. Parent must not have adverse credit history and must repay the loan.

n Private Student Loan — Contingent upon application approval from a bank, credit union, non-profit or statebased education finance organizations, or online lender.

n Head to SEU.edu/loans to start your search.

Let’s Chat!

Your enrollment counselor is your go-to resource for getting your questions answered. Find your counselor at SEU.edu/connect

Our Student Financial Services team is here for you, too! Contact us at sfs@seu.edu or call 800.500.8760.

PROGRAMS FOR FLORIDA RESIDENTS

SEU accepts Florida Bright Futures, the Florida EASE Grant, and the Florida Prepaid College Program. In fact, some Florida residents may qualify to have most (or all!) of their SEU tuition covered. Get the details at SEU.edu/fltuition

See SEU for Yourself

The best way to know that SEU is the right place for you is to visit! Register for an event or a personal tour at SEU.edu/visit and we’ll see you soon.

Financial Aid Glossary of Terms

Understanding common financial aid terms will help you understand your offer letter as well as the financial aid process as a whole. Below are some of the most common terms you will encounter. View full definitions and additional terms at SEU.edu/aidglossary

Cost of Attendance (COA): The total amount (not including grants and scholarships) that it may cost you to go to school full-time during the 2024–25 school year. COA includes tuition and fees; housing and meals; and allowances for books, supplies, transportation, loan fees, and misc educational expenses. It also includes miscellaneous and covered personal expenses. For students attending less than half-time, the COA includes the same as full-time costs but does not include housing and meals, misc expenses, or loan fees.

Direct Costs: Represents costs that students are responsible to pay to SEU. Costs on your aid offer are estimated and represent average expenses. Some students may have higher or lower costs based on specific choices such as on-campus housing or a meal plan.

Direct Subsidized Loan: Loans with interest that is paid by the U.S. Department of Education while you’re in school at least half-time, for the first six months after you leave school (referred to as a grace period), and during a period of deferment (a postponement of loan payments).

Direct Unsubsidized Loan: Loans with interest that the borrower is responsible for paying while enrolled. If you choose not to pay the interest while you are in school, during grace periods, and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).

Net Price: An estimate of the actual cost that a student and his or her family need to pay in a given year to cover education expenses. Net price is determined by taking the institutional cost of attendance and subtracting any grants and scholarships for which the student may be eligible.

Non-Federal Private Education Loan: This is a loan issued expressly for postsecondary education expenses to a borrower (either through the educational institution or directly to the borrower) from a private educational lender, rather than as a Title IV, HEA loan offered by the Department of Education.

Loan Fees: Upfront fees charged by a lender (including federal student loans) for processing a new loan application. It is compensation for putting the loan in place. Origination fees are quoted as a percentage of the total loan.

Parent PLUS Loan: A loan available to the parents of dependent undergraduate students for which the borrower is fully responsible for paying the interest (regardless of the loan status).

Provisionally Independent Student: Students who are determined to be provisionally independent (based on circumstances such as being homeless) may fill out the FAFSA® form as an independent student. The Financial Aid Administrator (FAA) will determine and verify eligibility.

Federal Work Study (FWS): A federal student aid program that provides part-time employment while the student is enrolled in school to help pay his or her education expenses. The student must seek out and apply for work-study jobs through the school. (Visit SEU.edu/employment to search for applicable positions).

Indirect Costs: Represents the average costs students may incur throughout the academic year via non-SEU expenses. Some students will have higher or lower costs based on specific choices (such as offcampus housing options or book purchases).

Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders. Federal loans, listed from most advantageous to least advantageous, are called Direct Subsidized Loans, Direct Unsubsidized Loans, and Parent PLUS Loans. Learn more at StudentAid.gov

Tuition Payment Plan: A tuition payment plan offered by an institution may allow students to spread out their payments. It includes an extension of credit of 90 days or less in which the educational institution is the lender, or of one year or less where an interest rate will not be applied to the credit payment. Learn about SEU’s no-interest payment plan options at SEU.edu/paymentplans

VA Education Benefits: Benefits that help veterans, service members, and their qualified family members with needs like paying college tuition, finding the right school or training program, and getting career counseling. Learn more at VA.gov/education and SEU.edu/veterans.