Skip to main content
Three SNHU students sitting outside on the steps of a campus building

Financial Aid 101

Everything you need to know to get
started with Federal Financial Aid.

Fund Your Future with Financial Aid

Southern New Hampshire University encourages students to file a Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal, state, and institutional aid programs. Every student could benefit from financial assistance so you should fill out this free application to determine eligibility for financial aid programs.

Here, you can learn more about:

  1. Applying for Financial Aid
  2. Reviewing and Understanding Your Financial Aid Award
  3. Standards of Satisfactory Academic Progress for Financial Aid
  1. Financial Aid Tools & Resources
  2. Financial Aid Glossary
  3. Statement of Ethical Principles & Code of Conduct for Financial Aid Professionals
  4. Student Financial Services

1. Applying for Financial Aid

Always apply for financial aid. Many students are eligible for financial assistance with their college costs – even if they assume they're not.

Fill out the Free Application for Federal Student Aid

SNHU's School Code is 002580

The Free Application for Federal Student Aid (FAFSA) asks for basic information to determine your eligibility for all the financial aid programs sponsored by the Federal Government. The FAFSA is available on October 1st and must be completed annually so SNHU can determine your renewed eligibility for Financial Aid. The quickest and most efficient way to file the FAFSA is online.

To be eligible for federal financial aid, you must:

  • Enroll as a degree-seeking student
  • Be a U.S. citizen or an eligible noncitizen
  • Maintain satisfactory academic progress
  • Not be in default on a federal educational loan
  • Not owe a refund on a federal educational grant or loan
  • Register with Selective Service (if you are a male born on or after January 1, 1960, over 18 years of age and not currently in the armed forces)
  • Possess a high school diploma or equivalent

Helpful Tips

2. Reviewing and Understanding Your Financial Aid Award

When we receive your Free Application for Federal Student Aid (FAFSA) from the Department of Education, we evaluate your eligibility not only for federal, state, and institutional aid programs.

The Department of Education does not award or deny funds; rather, they use a formula to calculate your expected family contribution (EFC) based on your self-reported family resources, family size and number of family members in college. This process ensures that all students are treated consistently and fairly. Student Financial Services verifies your eligibility and creates an award offer based on factors such as federal and state regulations and institutional policy.

You should know that your EFC is not the amount of money your family will have to pay for college nor is it the amount of student aid you will receive. It's simply a number determined by the Department of Education that we are required to use to calculate the amount you are eligible to receive in student aid.

Student Financial Services (SFS) evaluates your EFC and awards all types of grants, scholarships and loans that you may qualify for through a financial need calculation first and then a non-need based aid calculation. You will always be considered for grants first and loans last. This process is called "packaging".

And remember, you'll be responsible for paying back any student loans you take, even if you don't complete your degree. That's why it's important to borrow responsibly, and keep in mind that you don't need take out loans for the full amount you're approved for. Talk to your Student Financial Services team to learn more.

3. Standards of Satisfactory Academic Progress for Financial Aid

To be eligible and continue to receive Federal Student Aid (FSA) on an annual basis, students must make satisfactory academic progress toward achieving and completing their program of study through measurement of qualitative (grade-based) and quantitative (time-based) standards.

4. Financial Aid Tools & Resources

There are lots of tools you can use to learn more about the financial aid process, the FAFSA form, scholarship information, and other resources available to you.

Cost Calculator

Use our Net Price Calculator to see how affordable a degree at SNHU really is.

Other Financial Resources

FAFSA Information

Federal Student Loan Information

General Financial Aid Information

The Department of Education administers Student Financial Assistance Programs - the largest source of student aid in America, providing over $40 billion a year in grants, loans, and work-study assistance. Here you'll find help for every stage of the financial aid process, whether you're in school or out of school.

The SmartStudent Guide to Financial Aid - A reputable and respected resource in the industry, FinAid publishes this comprehensive guide to Financial aid

Educational Resources in New Hampshire

The New Hampshire Higher Education Assistance Foundation (NHHEAF) Network Organizations is the largest source within New Hampshire of knowledge for everything college; providing the ongoing planning support and the financial resources to help students attain a college education.

Outside Scholarships

"College Scholarships" is useful tool information about private external scholarship sources for funding your education. Although we have determined that this Web site may benefit you, it is not controlled by or associated with Southern New Hampshire University in any way. Please be a wise consumer in making decisions about financial aid. Generally students should never pay anyone any money to search for Financial Aid. There are several highly qualified free sources of financial aid help and free scholarship search services available to all.

Tax Credits for Education

The following resources are available for students and their families who may be eligible for educational tax benefits. Click on the links below for more information:

Please note: In accordance with IRS regulations, Southern New Hampshire University does not provide personal tax advice. To determine your eligibility for a higher education tax credit, a student loan interest deduction or a deduction for qualified education expenses, please contact a personal tax advisor or the IRS.

Use our University Transcript Ordering Portal to:

Other Resources:

5. Financial Aid Glossary

Financial aid can be confusing. Take advantage of SNHU's financial aid glossary page to easily learn the terms and concepts that are important to you.

6. Statement of Ethical Principles & Code of Conduct for Financial Aid Professionals

As required by the Higher Education Opportunity Act, SNHU has established a Title IV Loan Code of Conduct that all employees and agents must comply.

7. Student Financial Services

Student Financial Services is our financial aid and billing office all rolled into one. It's the one place to go for questions about your bill, tuition reimbursement, applying for financial aid - or any of the financial aspects of returning to school. The staff at Student Financial Services knows how the process works and is here to get things done. So you can get on your way to pursuing your education with as little hassle as possible.

To contact Student Financial Services, call 877.455.7648 or email. Office hours are 8am - 5pm Monday - Thursday and 8am - 4:30pm Friday. Phone hours are 8am - 8pm Monday - Thursday and 8am - 4:30pm Friday.