Southern New Hampshire University participates in the following educational loan programs for undergraduate and graduate students.
Federally Subsidized Stafford Loans are fixed low interest loans that are based on financial need.
The Perkins Loan is a federally-subsidized (no interest while in school), fixed low interest (5%) loan that is offered to full-time undergraduate day students.
The Parent PLUS Loan is a federal loan that allows parents of undergraduate students to borrow up to the cost of education, less any financial aid.
Graduate and professional degree students are now eligible to borrow under the PLUS Loan Program up to their cost of attendance minus other estimated financial assistance in the Direct Loan Program.
Alternative loans are private loans for students to help finance all or part of their cost of attendance at SNHU. Before applying for any of these loans, be sure you have exhausted all other means and have applied for need-based Federal financial aid.
Students who borrow under a Federal Loan Program (Stafford, Perkins and Grad PLUS) for the first time at the university are required to complete Entrance Loan Counseling. If you are leaving the university (withdrawal or graduation), you must complete Exit Loan Counseling.