Southern New Hampshire University Tuition and Fees

Southern New Hampshire University Tuition and Fees

On this page:

    By Susan Guillory

    (Last Updated – 07/2022)

    Total Cost of Attendance

    Considered one of the “Best Regional Universities” by U.S. News & World Report, Southern New Hampshire University offers a stellar education, both in person and online. SNHU tuition for the 2021/22 academic year was $15,380. This is substantially lower than the national average for four-year private nonprofit institutions of $35,807 per year.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $15,380

    $15,380

    Books & Supplies

    $1,500

    $1,500

    Room & Board

    $11,800

    $11,800

    Other Expenses

    $7,326

    $7,326

    Total Cost of Attendance

    $36,006

    $36,006

    Financial Aid

    Most students (81%) receive student loans, grants, or scholarships to help with SNHU tuition.

    Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education – Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    Of those that receive student loans, 63% take out federal student loans and 8% take out private loans. The average private student loan amount is $16,626.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    SNHU tuition, room and board, books, and other expenses for four years would be $144,024. This is far more affordable than the national average for private four-year colleges of $219,520 for four years, according to CollegeData.com.

    This Student Loan & Scholarship Information may be helpful in understanding options for financing four years at SNHU.

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $15,380

    $15,380

    Room & Board

    $11,800

    $11,800

    Total Cost of Attendance

    $27,180

    $27,180

    In 2021/22, students paid $15,380 for tuition and fees and $11,800 for room and board, for a total of $27,180. The average for private schools in the U.S. is double that at $54,880 per year.

    Learn about New Hampshire Student Loan & Scholarship Information.

    Graduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition

    $18,900

    $18,900

    Fees

    $570

    $570

    Total Cost of Attendance

    $19,470

    $19,470

    Southern New Hampshire University offers several graduate programs. SNHU tuition for graduate school is $18,900 per year, with $570 in fees. This is close to the average cost of tuition for graduate school at a private institution in the United States of $19,493. There are graduate loans available to help with these costs.

    Cost per Credit Hour

    Another option is to attend SNHU part-time, and in that case, you would pay $625 per credit.

    Campus Housing Expenses

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,500

    $1,500

    Room & Board

    $11,800

    $5,000 per semester

    Other Expenses

    $7,326

    $7,326

    SNHU offers five residence halls, primarily for freshmen and sophomores, as well as residence apartments for juniors and seniors.

    Those who choose to live off campus will find many options for apartments, houses, and duplexes near campus.

    Southern New Hampshire University Acceptance Rate

    Fall 2020

    Number of applications

    37,143

    Number accepted

    34,914

    Percentage Accepted

    94%

    The SNHU acceptance rate is high at 94%.

    Admission Requirements

    Southern New Hampshire University has a few requirements for applicants, as well as some recommended documents you may want to submit.

    Required:

    •  Official high school transcript (or GED)

    •  One letter of recommendation from a school counselor or teacher

    Recommended:

    •  SAT or ACT scores

    The deadline for Early Action is November 15, and February 1 for Priority. You can apply here .

    SAT and ACT Scores

    You are not required to submit SAT or ACT test scores to apply at SNHU.

    Graduation Rate

    Here’s the graduation rate for students who started studying at Southern New Hampshire University in 2014:

    •  4 years: 29%

    •  6 years: 35%

    Post-Graduation Median Earnings

    After graduating, students from SNHU earn, on average, $52,024 per year. This is slightly higher than the national average for four-year schools of $47,891.

    Bottom Line

    With an emphasis on business programs, SNHU offers students the opportunity to learn in person or online. The tuition is affordable and there are plenty of financial aid options to help you pay for your schooling.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    Learn More

    Photo credit: iStock/Rebecca Todd
    SoFi Loan Products
    SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC), and by SoFi Lending Corp. NMLS #1121636 , a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law (License # 6054612) and by other states. For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

    External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
    SoFi Private Student Loans
    Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs. SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. SoFi Lending Corp. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

    SOPS0422020

    TLS 1.2 Encrypted
    Equal Housing Lender