Student Loans for Southern New Hampshire University Students
About Southern New Hampshire University
SNHU is a small, private university located in the towns of Manchester and Hooksett, NH. 4,700 undergraduate students attend the university that was founded in 1932, and are spread across three colleges: Arts and Sciences, Business, and Education. The University is accredited, and has an endowment of $28 million. SNHU’s business programs are well received, both at the undergraduate and online graduate levels, and the school became the first carbon neutral university in New Hampshire in 2007.
Spending money while receiving SNHU financial aid is a tricky matter. You obviously will incur personal expenses while at school, but since you’re already receiving financial assistance to afford your education, you don’t want to overrun your financial limits. Here’s the one simple trick: know what’s reasonable to spend money on (the occasional meal off campus; small, infrequent one-time expenses), and save the rest of it. Just be smart about your cash!
Applying for SNHU Financial Aid
All you’ve got to do in order to be considered for SNHU financial aid is submit the Free Application for Federal Student Aid, which is known by its far shorter acronym, FAFSA. It’s a relatively easy process, but if you run into snags, just give your aid counselor at the SNHU financial aid office a ring, and they’ll be happy to help.
SNHU Financial Aid Awards
As with any financial aid award given out by a college or university in this country, aid packages from SNHU will contain some blend of the following forms of aid: student loans, either federal or institutional; grants, either federal or institutional; scholarships, either federal or institutional; and federal work-study programs. Many students are perfectly set with these forms of aid, but for some, it’s just not quite enough funding to attend SNHU. For these students, private student loans become the best form of aid, provided they are borrowed in moderation and that the student will be able to repay them within a reasonable period of time. If you think you may be in a position where a private student loan is suitable for you, then check out our student loan comparison tool, where you can search, compare, and apply for private student loans from top national and local lenders all in one convenient place.
Yes, the Southern New Hampshire University financial aid office offers the Penman Merit Scholarship for international students. To be eligible for this award, undergraduate students must have a cumulative GPA of at least 2.75, while graduate students must have at least a 3.0. The Penman Merit Scholarship offers $5,000 for undergraduate students and $3,000 for graduate students. Students interested in this scholarship are required to submit the scholarship application which is available on the Southern New Hampshire University financial aid webpage.
Can I apply for SNHU college loans?
Students can apply for SNHU college loans, as the Southern New Hampshire University participates in the federal financial aid program. With the help of federal aid, students can apply for Direct loans, which can be accessed by filling out the FAFSA (Free Application for Federal Student Aid) form, which can be found online at fafsa.ed.gov.
Pay for Southern New Hampshire University*
|Total Avg. Cost||$40,168|
|Room & Board||$10,838|
|Financial Aid Information|
|Students Receiving Fin Aid||84%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$11,564|
|%Receiving Other Loans||22%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics