SPU Graduate Tuition Breakdown
Tuition is at a set rate of $695.00 per credit, regardless of credit load.
*This is the significantly reduced rate automatically billed for Sara Schenirer students. No reduction/discount will be noted on tuition statements, as this is the set billing rate.
Billing:
Every term is billed individually at the start of the term.
Tuition is due within the first 2 weeks of the term.
Unpaid balances will trigger a financial hold on the student account – limiting academic access, course registration, graduation, etc. (You will be able to access your courses on Blackboard.)
Tuition Payment Options
Pay via Self-Service, Secure Payment Center link
ACH transmittal (direct from bank account)
Credit Card (+ service fee of 2.85% or $3.00, whichever is higher)
Check by mail
Write the check to Saint Peter’s University
Add MEMO of your full name, ID#, and the term paid
Example: John Smith 1000567, 2011 Fall
Mail the check to:
Saint Peter’s University
PO Box 40117
Newark, NJ 07101-4001
Send an email to Eliana Reich ([email protected]) with the check#, check amount, and date mailed.
Payment plan option – $35 enrollment fee (splits into 4 increments over the 4 month term)
Additional Fees:
Education Department Fee – $100.00
This is a mandatory fee charged by the Department of Education for utilizing the TK20 program. It is a one-time charge for the duration of the program.
The fee is linked to a specific course: ED-492
Students will see the fee charged to their account, as part of their term bill, when the student registers for that course.
Graduation Fee – $150.00
All students will be charged this fee once they register for graduation.
The charge will be placed on the current term bill, and must be paid before the student will be processed for graduation.
This fee includes the degree conferral process, diploma copy, commencement regalia, etc.
Official Transcripts Order – $10.00
The fee for ordering an official transcript is charged at the time of the order, via the Parchment website.
Enrollment and Tech Fees
These fees are listed on your bill, but have already been included in your total cost as detailed previously.
These are not separate fees charged to your account in addition to the set cost, but are listed individually as part of the student billing process.
SPU Graduate Financial Aid
Financial Aid is available in 1 form, only:
Loans = funds borrowed and paid back over time
Every year, the student is required to file the current FAFSA to receive the federal student loans offer.
Filing the FAFSA (“Free Application for Federal Student Aid”) as a new student, who has not filed the previous year, must be done before September 15th of the current year.
Renewing the FAFSA as a continuing student must be completed by April 15th of the previous year.
For example: For the 2022-23 FAFSA, a new student must submit the application by September 15th 2022, and the renewal FAFSA for 2022-23 must have been submitted by April 15th 2021 for a continuing student.
LOANS are offered by the federal government to all students.
The set Graduate loan offer is applied to the accounts of all FAFSA applicants.
There is no eligibility criteria to meet – but remember that whatever you borrow, you must pay back. You can choose to accept the loan, or ignore/reject the offer.
You don’t have to begin repaying your loans until after you graduate, leave college, or drop below half-time status.
Loans will accrue interest, but only on amounts repaid after graduation. There is a fixed interest rate and a one-time fee charged for the borrowing of the loan.
You can borrow up to $20,500 each year in Direct Unsubsidized Loans.
Remember, you can borrow less than your school offers and request more funds later. You should borrow only what you need!
Request a meeting at the START OF THE TERM to review the types of loans offered to you, and the process of borrowing the loan.
Step 1: ACCEPT via Self-Service
Loan amount can be adjusted according to individual need
No action will neither accept nor reject the loan
Step 2: On the FSA website
Complete 2 forms:
1. MPN (Master Promissory Note) = you are agreeing to repay the loan according to the terms of the note even if you don’t complete your education, can’t get a job after you complete the program, or you didn’t like the education you received.
https://studentaid.gov/mpn
2. EC (Entrance Counseling) = a tool to ensure you understand your obligation to repay the loan.
https://studentaid.gov/entrance-counseling
SPU Refund Policy
Refund Schedule
Withdrawal Date Percentage Refund
First Week of Semester 100%
Second Week of Semester 75%
Third Week of Semester 50%
Fourth Week or more 25%
After the fourth week of class 0%
Students wishing to adjust their schedules may do so without penalty during the first week of classes.
You may add or drop classes only with the approval of your coordinator.
Fill out the Registration Change Request Form
Any charges for courses dropped during this period will be refunded at 100%.
A reduction in the number of courses may result in a reduction in the level of financial aid.
Students Not Receiving Federal or State Aid:
Students who take a leave of absence or withdraw for any reason during the first four weeks of the semester, are entitled to a prorated refund of certain tuition charges.
Prorated charges are based upon the date of actual withdrawal, as determined by the University in accordance with the withdrawal/leave of absence procedure.
Students Receiving Federal or State Aid:
Students receiving Federal or State aid and who take a leave of absence or withdraw for any reason, will receive a prorated refund based upon the date of actual withdrawal.
In the event the University is required to return federal and/or state funds in excess of the refund of charges as calculated above, then the student will receive a refund in institutional charges equivalent to the amount that is returned in federal and/or state funds. However, if total financial aid exceeds the amount of institutional charges, a refund will be made of a percentage of institutional charges less non-federal aid equal to the percentage of federal aid returned plus an amount equivalent to any state aid returned.
Refunds of Federal and State Aid:
When a student takes a leave of absence or withdraws from the University, federal and state regulations may require the University and/or the student to return a portion of the aid received as described below.
Federal Title IV Refund Policy
When a student takes a leave of absence or withdraws before completing 60% of the enrollment period, federal regulations require the University and/or the student to return that portion of federal aid funds which has not been earned.
This is calculated as follows:
The percentage of federal aid earned is calculated by dividing the number of days of the enrollment period completed by the total number of days in the enrollment period.
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