by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What amount of SNHU financial assistance will actually be available to you?Get answers to your questions here.
Southern New Hampshire University average financial aid offer for freshmen students is $9,345.00. About 81% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Southern New Hampshire University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
34% of incoming freshmen (998 total) were given scholarships at Southern New Hampshire University, averaging $13,951.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 68% of freshmen (1985 total) obtained a federal grant, for about $2,986.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 37.08% | $5,370.00 |
| Income 30k-48k | 8.43% | $7,090.00 |
| Income 48k-75k | 7.98% | $8,748.00 |
| Income 75k-110k | 5.19% | $11,637.00 |
| Income 110k + | 8.74% | $14,686.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 2907 undergraduate students at Southern New Hampshire University around 81% (2173 total) receive some form of grant aid. The typical amount awarded was $9,345.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
