$3,538

Avg. Federal Grant

$5,700

Avg. Federal Loan

$139,565,228

Total Aid Awarded

Southern New Hampshire University (SNHU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

51%

Total Aid Amount Average Total Aid Awarded per year.

$139.565M

Financial Aid Official Website

www.snhu.edu/financial-aid-for-college.asp

Southern New Hampshire University offers financial aid to help both online and campus students, and as per the report, the total financial aid offered to the students is $139,565,228, whereas approximately 51% of university students are able to get any kind of financial aid.

Scholarships

Scholarships for Online Students

Merit Scholarships
  • Phi Theta Kappa Transfer Scholarships: SNHU offers a 10% reduction in the total tuition cost for the students who are members of the Phi Theta Kappa Society.

General Scholarship

  • Alumni Leadership Scholarship: This scholarship is offered to students who scored a GPA of 3.0 in the last two semesters and a student was active in leadership roles in various fields.

International Scholarships

  • Li Xu Scholarship Funds: This scholarship is offered to the students who help other students understand the tradition and culture of New Hampshire and the culture of the university itself.

For more information about the online scholarship, students may contact the SNHU’s representatives through the official website.

Scholarship for Campus Students

Resident Scholarships
  • New Hampshire Governor’s Scholarship: This renewable scholarship, which can be renewed up to 4 years, offers the amount of $2,000 per year to the New Hampshire scholar students. Students must keep a GPA of 2.5 to qualify for it. Whereas students who are New Hampshire resident but not in the list of state scholars, they are awarded $1000 per year, the student must keep a GPA of 2.0 to qualify for it.

Merit Scholarships
  • Presidential Scholarship: This is a renewable scholarship, and it is based on the cumulative GPA of the student due to this student may expect to see the variation in the amount offered. The student must have a GPA of 3.5 to qualify for it and students can renew this scholarship by maintaining a GPA of 3.0.

  • Regional Community Scholarships: This is a renewable scholarship for the transfer students who transferred from the community college located in Northeast. Students must keep a cumulative GPA of 2.5 or above to qualify for it.

  • Honors Program Scholarship: This renewable scholarship until the students keep participating in the program. This scholarship offers the amount of $2,000 to the students who commenced the university honors program.

For more information about grants, students may contact the SNHU’s representatives through the official website.

Grants

Federal Grant

  • Pell Grant: This grant is offered the students who have not received their first bachelor’s degree or the first time undergraduate students. The student needs to fulfill the FAFSA to exhibit the financial need, the financial aid office determines the student eligibility by EFC. Students can receive the pell grant up to $6,195 per year who exhibits exceptional financial need.

State Grant

  • State Grant and UNIQUE: State grant is offered to the SNHU to help students in the cost of education at SNHU, to know the eligibility criterion for the state grant student must contact the state agencies.

  • New Hampshire Resident: Unfortunately New Hampshire does not have any state grant program but students can apply for the UNIQUE scholarship. There are two types of scholarship in this program, first is the UNIQUE annual allocation program which helps the students of  New Hampshire through increasing the access and the number of deserving students to get the grant. Second is the UNIQUE endowment allocation program is offered to qualifying students where the allocation is a restricted endowment to students.

Institutional Grant

  • SNHU need-based grant: This grant is an institutional grant which offers the amount of $400 to $14,000 annually, to the full-time student who demonstrates the financial need by fulfilling FAFSA.

For more information about the grants and FAFSA, students may contact the SNHU’s representatives through the official website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

3%

Institution Grant Aid

33%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$3,538

State Grant Aid

$2,106

Institution Grant Aid

$16,066

Pell Grant

$3,459

Southern New Hampshire University (SNHU) provided plenty of financial aid assistance to the student. We have accumulated the data and broken it down into compact points to help you get an idea of what financial aid may be best for you when it comes to choosing financial aid to pursue an education at SNHU.

  • 35% of students receive federal grant aid, with an average of $3,538.

  • Approximately 35% of the student receives a pell grant, which amounts to an average of $3,459.

  • Only 3% of the student gets the state grant, which is around $2,106.

  • 33% of the students receive the institutional grant at an average of $16,066.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,054

$30,001 - $48,000

$7,604

$48,001 - $75,000

$9,710

$75,001 - $110,000

$12,763

Over $110,000

$14,370

The financial aid breakdown based on family income gives the proper idea about what students and family can expect from financial aid. This whole segregation is done on the five annual income range and the respective average financial aid. The student may be able to see the variation in the actual aid they are provided by Southern New Hampshire University because their financial aid office uses EFC while calculating the amount of financial aid.

  • The average federal assistance received for a student with a family income ranging from $0 to $30,000 is $6,054.

  • Students with a family income ranging from $30,001 to $48,000 their average aid is $7,604.

  • The students whose family income ranging from $48,001 to $75,000 received the average federal aid of $9,710.

  • Income ranging from $75,001 to $110,000 sees the notable increase in the average federal aid, which is around $12,763.

  • The students and families who have an annual income level of $110,000 and above the average federal aid provided are $14,730.

Student Loans for Southern New Hampshire University (SNHU)

Average Loan Amount Average Loan Amount received per year.

$7,511/Year

Students Taking Out Loans

62%

Loan Default Rate

12.4%

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