Credit Policy
Finance Charges
- Tuition payment is due before start of the official date of term.
- Any outstanding balance as of the term’s official start date will be subject to a finance charge of 18 percent annual rate, assessed monthly.
- Finance charges will be accrued on the daily outstanding balance as of the term’s official start date and posted to the student account on the last day of the month.
- If the account balance is zero at the close of business on the last day of the month, any accrued finance charges will not be assessed to the student account for that month.
Full-time Domestic Students in Undergradate and Graduate Programs
- Full payment of current bill is due on the appropriate due date.
- Payment plans can be arranged with Tuition Management Systems through our SAS Office. An associated enrollment fee will apply.
- Students with outstanding balances or past due on the payment plan will be prevented from starting subsequent terms.
Full-time International Students in Undergraduate and Graduate Programs
- Full payment of current bill to include housing and miscellaneous fees is due on the first day of each term for graduate studentss.
- After the initial academic year, International students may be provided a payment plan along with a Promissory Note at the sole discretion of the university.
- Students that are past due on a payment plan or have missed one months payment will be prevented from registering in subsequent terms.
International BASHA Students
- Payment of one-half (50%) of all program charges is due prior to the start of classes.
- Payment of the second half (50%) of all program charges is due prior to the start of the 2nd summer classes.
- Students with outstanding balances will be prevented from enrolling in classes.
Part-time and Continuing Education Students: Domestic, International, Undergraduate and Graduate Programs
- First-time students must have payment of one-half (50 percent) of initial enrollment charges at the time of registration (unless student falls under direct bill eligibility, which requires employer letter for verification on file before registration or student has completed financial aid forms and is expected to be eligible for such aid).
- Payment of remaining one-half (50%) of initial term's charges are due on or before 30 days following the close of that term and are subject to finance charges.
- Continuing students may enroll in successive terms without additional payments, but full payment for the previous term is due on or before 30 days following the close of the previous term.
- Students failing to pay their bill for the previous term after the 30 day period will be assessed a $50 penalty charge.
Students in the Active Duty Military: Undergraduate and Graduate Programs
- First time students using Tuition Assistance (TA) must submit a TA form at the time of registration to avoid paying 50% upfront.
- Students that do not submit an appropriate TA form will be responsible for payment of their tuition fees.
- Students failing to pay their fees for the previous term after the 30 day period will be assessed a $50 late fee and future registration will be prevented.
SNHU Online: Enrollment for Outside of the U.S.A.
- Students residing outside of the U.S.A. who are enrolling via SNHU Online are required to pay 100% of their charges for each term at the time of registration.
Third Party Billing
- Students eligible to participate in the third-party direct billing in which a third party will be authorizing direct billing from the university to the party, must first submit a voucher to the Student Administrator Services office. The voucher must include beginning and end dates of the academic term, courses covered, books, insurance, other fees covered (if any) and maximum dollar value. Payers (employers of others) will be billed at the beginning of the term covered by the voucher. Payment is due within 30 days of billing finance charges are waived upon confirmation of approved authorization. Student reimbursement from an employer (or other payer) based upon satisfactory completion of the course or program is not considered third-party billing. Student reimbursement is considered a self pay account and is subject to the payment policies outlined.
- All students need to sign a "one-time" Promissory Note that stays on file at the university and covers any past due balance that they may owe.
- Students who are covered under a direct-billing sponsorship arrangement are not required to make any payment to SNHU as the sponsor will be direct-billed, however if a sponsor does not pay after two terms, the student will be responsible for payment.
- International students classified as MNI, or domestic resident undergraduate students who switch to CE status, will be charged at $130 per term fee to cover the cost of campus services.
- Students receiving financial aid may use such funds to make required payments.
- Transcripts, diplomas, caps/gowns and verifications will be withheld from any student with an outstanding balance.
- 25% collection fee will be assessed to any account that is sent to a collection agency and will be the students' responsibility to pay.
- All former writeoffs must pay upfront.
- All bankruptcies must pay upfront.