by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Southern New Hampshire University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can SNHU deliver, and just what are you going to be eligible for? Keep reading for answers. Scroll down to see just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Southern New Hampshire University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Southern New Hampshire University, 79% of entering full-time freshmen got some type of financial assistance some 2710 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $4,506 |
| Institutional grants & scholarships | 19% | $4,126 |
| Federal Pell grants | 60% | $3,954 |
| State/local grants | 3% | $4,008 |
| Federal student loans | 63% | $5,291 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at SNHU, roughly 51% of undergraduates were awarded grant or scholarship aid averaging $3,691 (for some 82129 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $3,691 |
| Federal Pell grants | 49% | $3,488 |
| Federal student loans | 58% | $7,181 |
For students living on campus and receiving title-IV aid, grants averaged $4,210.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $33,131 |
| $30,001 – $75,000 | $33,353 |
| Over $75,000 | $36,426 |
Each figure is the net price after grants and scholarships, not the published sticker price.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $36,708 |
| Off-campus title-IV students | $33,742 |
For a customized cost estimate, visit SNHU’s net price calculator: snhu.clearcostcalculator.com/student/default/netpricecalculator/survey.
Graduating students at SNHU carry a median federal student debt of $9,169 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,169 |
| Median federal debt (graduates only) | $21,082 |
| Typical 10-year monthly payment (graduates) | $223.5/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at SNHU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,583 |
| 25th percentile | $3,166 |
| 75th percentile | $13,850 |
| 90th percentile (highest-debt students) | $23,500 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,836 |
| Middle income | $9,999 |
| High income | $11,083 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,920 |
| Continuing-generation students | $9,501 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $9,499 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SNHU.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at SNHU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 333420 |
| Total Stafford loan amount | $5,553,515,293 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 13873 |
| Total GI Bill amount | $59,350,328 |
| Average GI Bill amount per recipient | $4,278 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9340 |
| Total DoD amount | $22,449,539 |
| Average DoD amount per recipient | $2,404 |
References
More about our data sources and methodologies.