SPU Undergraduate Tuition Breakdown
For a full-time student, taking 12-18 credits (usually 4-6 courses), tuition is a flat-rate of $4,000.00 per term.
For a part-time student, taking less than 12 credits, tuition is $507.00 per credit.
*Every traditional Sara Schenirer student (following the program schedule which maintains full-time status) automatically receives the “Tzedek Award” which is the SPU institutional aid that considerably reduces term tuition to the $4,000.00 flat-rate.
A Sara Schenirer student receives a reduced credit rate while in part-time status, but does not receive the “Tzedek Award”.
Important Note:
This tuition cost breakdown does NOT include any external testing/courses that the student takes towards college credit, i.e. Coopersmith exams, CLEPs, TAL Language exams, etc. Additionally, any testing/courses taken outside of SPU are not eligible for federal or state financial aid.
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 Undergraduate Financial Aid
Financial Aid is available in 2 forms:
Grants – need based funds that you do not pay back
Loans – funds borrowed and paid back over time
Every year, the student is required to file the current FAFSA to receive these financial aid offers.
The FAFSA application covers from the Fall term through the Summer term (like a traditional academic year) and is the only way to get Grants and Loans.
Every new FAFSA opens on October 1st of the year prior to the Aid Year, for example: FAFSA for 2022-2023 Aid Year opens on October 1st 2021.
GRANTS are given to you by the federal government, state government, and/or educational institution – IF you are eligible.
This money goes directly to your school, and does NOT need to be paid back.
The type and amount you are eligible for is determined by the Department of Education on the Federal and State levels. The calculation is intricate and individualized per each application.
Saint Peter’s University gives EVERY Sara Schenirer student an automatic grant considerably reducing tuition, regardless of federal/state aid eligibility.
You will see this grant listed as “Tzedek Award” on each term’s tuition statement. The amount will vary depending on that term tuition total.
Pell Grant = From the Federal government (FSA)
Must have a Social Security card to file the FAFSA.
TAG Grant = From NJ State (HESAA/NJFAMS)
Must be a NJ resident for the previous 12 consecutive months
MUST have a NJ drivers license
There is no separate application for NJ TAG, but there is a separate website and account to view your TAG awards. Create a HESAA student account when prompted via email (to your email address that you provided on the FAFSA application).
The federal and state governments will calculate your eligibility for Pell and/or TAG based on the details you submitted in your FAFSA application.
“EFC” = is a number given to indicate approximately how much Pell you can receive.
“NJEI” = is a number given to indicate approximately how much TAG you can receive.
– Each grant eligibility is calculated separately and independently of the other. Therefore, a student may be eligible for Pell, but not for TAG.
– The student status of “dependant” or “independant” is automatically assigned and determines the index that aid eligibility is calculated. This dependency status is NOT the same as when filing taxes with the IRS.
The maximum tuition for a Sara Schenirer student is $4,000.00 each term, so a student that is eligible for Pell and/or TAG will have their tuition reduced further from the $4,000.00 point.
A student receiving full Pell and TAG will pay $0.00 for each term in that school year, provided that full-time status is maintained.
LOANS are offered by the federal government to all students.
The type of loans offered are determined by the information submitted on the FAFSA, but the amounts are standardized based on current student status.
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 may accrue interest, depending on the type of loan. Each loan has a unique fixed interest rate and a one-time fee charged for the borrowing of the loan.
Types of Loans
Direct Subsidized Loans are available only to undergraduate students who have financial need.
Direct Unsubsidized Loans are available to all students, regardless of financial need.
Undergraduate:
The maximum amount a student can borrow each year in Stafford Loans ranges from $5,500 to $12,500 per year, depending on what year you are in school and your dependency status.
If you are a parent of a dependent undergraduate student, you can receive a PLUS Loan to cover the cost of attendance (determined by the school) minus any other financial aid received. Grandparents (unless they have legally adopted the dependent student) and legal guardians are not eligible to receive parent PLUS loans, even if they have had primary responsibility for raising the student.
Direct Stafford Loan = student borrower
Requirements:
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
Direct Parent PLUS Loan = parent borrower
Requirements:
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.
2. EC (Entrance Counseling) = a tool to ensure you understand your obligation to repay the loan
3. Credit Check = Checking the parent credit report for no adverse credit history.
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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