How to pay for college


College may be more affordable than you think

As a non-profit university, your success is our only mission. This means keeping your costs low and giving you the information you need to make smart financial decisions. Whether you want to earn your degree online or on campus, we’ll help you understand how to lower your tuition and payment options.

Here are three steps you can take:

A good starting point for choosing an affordable school is to look at the “cost per credit”. You will simply take this cost and multiply it by the number of credits you need to graduate to get an idea of ​​your overall cost. Most bachelor’s degrees are around 120 credits.

For example: SNHU online course the cost is $320/credit, which is one of the lowest tuition rates in the country. 120 credits, multiplied by $320 per credit = a total tuition cost of $38,400 for an online bachelor’s degree. But remember: your actual cost may be much less. There are many ways to reduce this price.

Step 2: Reduce your actual cost

Once you have selected an affordable school, you can start thinking about other ways to reduce tuition. Depending on previous college courses and professional or military experience, you can save time and money. Here are some ways our students have graduated faster and for less:

Transfer your existing college credits, if you have any.

If you already have college credits or an associate’s degree, you may be able to transfer those credits to significantly reduce your tuition cost and graduate faster.

At SNHU, we will accept up to 90 credits for your bachelor’s degree (and 12 for a master’s). Since almost all of our bachelor’s degrees require 120 credits, this equates to up to 75% off tuition fees – and as little as 25% to pay.

Ask about employer tuition assistance.

Many employers will cover the cost of your degree in the form of tuition assistance, tuition discounts, or tuition reimbursement, and some may fund it entirely, depending on how the school operates. your tuition fees. Ask your employer if this is something that is offered and how you could reduce the overall cost of your degree.

The SNHU has partnerships with hundreds of employers across the country. Find your employer to see if you can take advantage of tuition benefits.

Take advantage of military discounts.

Apply for grants and scholarships

Unlike student loans, scholarships and grants generally do not need to be repaid. Whether you plan to attend online or on campus, SNHU students typically take advantage of a variety of scholarships and grants available, in addition to those made available through federal financial aid, to help reduce the cost of their education.

Find out all the ways to save on tuition.

Step 3. Create a financing plan

After exploring all the ways to reduce the overall cost of your degree, it’s time to think about how to pay for your remaining tuition. We recommend a combination of scholarships and grants (money that usually does not need to be repaid), yours direct contributionsand, if needed, federal student loans (money that must be repaid, often with interest.)

Our Student Financial Services team is ready to help. Contact us to create a financial plan that fits your budget and goals, or learn more about the steps we’ll discuss to fund your education.

Apply for Federal Financial Assistance

The school code for SNHU is 002580

Learn everything you need to know about applying for financial aid.

Take advantage of federal and local scholarships and grants

Southern New Hampshire University offers several types of need-based and non-need-based grants and scholarships to help online and on-campus students with the cost of a college education. To qualify for federal grants and to demonstrate need, you must complete the Free Application for Federal Student Aid (FAFSA). Remember that grants and scholarships do not need to be repaid.

Try to pay some or all of your remaining tuition out of pocket.

One of the reasons it’s important to choose a school that’s affordable—and to take advantage of all the ways to lower your tuition—is that it offers you the option of paying some or all of your tuition leftovers from your pocket. This will reduce the amount of student loans you will have to take out and repay later with interest.

Need help creating a plan? Our Student Financial Services team can help you develop your financial knowledge, help you better understand your financial needs and explain how to achieve your goals in a financially responsible way.

Federal student loans and other loans

There are a number of student loan programs that are available to consider. Programs like the Parent PLUS Loan allow parents of undergraduate and graduate students to borrow funds for their education. Some colleges participate in the federal Direct Loans Program, which provides fixed-rate loans to students who attend college at least half-time. There are also private loans through external lenders to consider to help fund uncovered costs. You should keep in mind that you will have to repay these loans after you graduate or, in some cases, while you are still in school.

Learn more about student loans.

Our Student Financial Services team is available to answer your questions, connect you with resources, and help you with tuition financing options.

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