Financial Aid cies and practices resulting in an increased employment rate of people with disabilities in their home communities, as well as those who are involved in cutting-edge thinking related to the economics of employment in communities of people with disabilities.
Dr. Jacqueline Mara Scholarship Established by former Dean and Trustee emeritus, Dr. Jacqueline Mara, this scholarship supports full-time day graduate students of U.S. citizenship with preference given to those enrolled in traditional business disciplines; based on academic merit and need.
School of Business Scholarship Fund The Southern New Hampshire University Alumni Association and the School of Business have raised money to support this scholarship program. It provides scholarships to School of Business undergraduate and graduate students based on need and academic criteria.
Michael Swack Scholarship Established in honor of the CED program founder, Michael Swack, this scholarship supports Community Economic Development students based on documented financial need and merit. Preference is given to New Hampshire residents.
Matthew Stuart Van Kleeck Memorial Scholarship This memorial fund was established by parents Kenneth and Jeanne Van Kleeck. This fund provides scholarship support to students enrolled in the Community Economic Development program.
Other Scholarship Opportunities Women’s Faculty Scholarship The Southern New Hampshire University Women’s Faculty Scholarship was created by the university’s women faculty to acknowledge and support Southern New Hampshire University students who demonstrate an ongoing commitment to human and environmental rights, economic justice, gender equity and community service. Each year, two undergraduate scholarship awards and one graduate scholarship award are provided to returning students who best represent those values. New students are not eligible. Recipients are selected based upon academic record, commitment to human rights and financial need. Undergraduate candidates must apply for this award by May 15; graduate candidates must apply by July 15. For more information contact Pamela Cohen at p.cohen@snhu.edu.
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. One Stop 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 Federal Direct Stafford Loan program offers unsubsidized loans. Maximum loans for graduate students are $20,500 depending upon financial eligibility as determined through the FAFSA application process (see below for explanation). An unsubsidized loan is not awarded on the basis of financial need; however, a student must complete the financial aid application process, and One Stop must determine whether a student is eligible for need-based aid before awarding an unsubsidized Stafford Loan. Interest begins to accrue immediately once the loan proceeds have been disbursed. The student can then choose to pay the interest or allow it to accumulate. If the student chooses to let the interest accumulate, it will be capitalized (added to the principal amount) and will increase the amount the student must repay. 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 associate can determine the student’s eligibility based on the cost and financial need. First time Direct Loan borrowers will also need to complete Entrance Loan Counseling. 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 by the student after the student has applied for financial aid through the FAFSA process. A Stafford Loan will be processed for the amount listed on the award notification or a lower amount if indicated in writing by the student. Written notifications of loan approvals will be mailed to the student by the loan servicer. 17