New Freshmen

 

FINANCE YOUR EDUCATION

 

A college education is an investment in your future! We believe that Southern Connecticut State University offers an excellent education—plus extra-curricular opportunities to enrich your college experience—at an affordable cost. The following information will help answer your questions about paying for your education at Southern.

 

Know the Cost of Your Education

 

Each semester, you will be required to pay tuition and fees based on your in-state or out-of-state status, as well as room and board if you live on campus. These costs are known as direct costs, because they are paid directly to the university. In addition, there are non-direct expenses that will not appear on your bill, but that you should anticipate in your plan to finance your education. These non-direct expenses include books and supplies, transportation, and other personal expenses.

 

At Southern, the combined direct and non-direct costs are referred to as the “cost of attendance” budget. Use these totals to project your costs and to plan how you will pay for them, whether you will be pursuing your education with the assistance of financial aid or not. Amounts of non-direct expenses may vary from student to student, depending on the individual circumstances. Please refer to the chart below.

 

Estimated Cost of Attendance Budgets for Determining Financial Need (Per Semester)

 

 

In-State

On-Campus

In-State

Commuter

Out-of-State

On-Campus

Out-of-State

Off-Campus

Direct Expenses*

 

 

 

 

 

 

Tuition & Fees

$ 4,579

$ 4,579

$10,446

$10,446

 

Room & Board

$ 5,667

N/A

$ 5,667

N/A

Non-Direct Expenses**

 

 

 

 

 

 

Room & Board

N/A

$ 4,570***

N/A

$ 4,570****

 

Books & Supplies

$     700

$   700

$    700

$   700

 

Transportation & Personal Expenses

$     782

$ 1,880

$     782

$ 1,880

Total Cost of Education Budget, Per Semester

 

$11,728

$11,729

$17,595

$17,596

*Direct expenses (tuition and fees, room and board) presented here are the 2014-2015 rates; these are subject to change at any time and can be found at www.southernct.edu/bursar/tuitionfees/.

**Based on average expenses for a typical new student. Will vary, depending on textbook requirements, distance from university, and personal spending habits, etc.

***This is the amount allowed for room and board for a student who is living at home, with family and independent student living in an off-campus dwelling.

****This is the amount allowed for room and board for a student who is living independently in an off-campus dwelling.

 

Understanding Your Payment Options and Meeting the Payment Deadlines

Southern expects students to be prepared to meet their financial obligations to the university. Planning for those obligations and literally “taking care of business” well in advance of any semester will permit you to focus your energy on the academic challenges of university life.

The payment deadline for fall 2014 is July 14, 2014. Billing statements for the fall 2014 semester are given during the New Student Orientation.  To view your electronic billing statement and make payments, go to www.southernct.edu/bursar and look for the “Pay Bill, Payment Plan Sign Up and View E-Statement” link on the right side of the screen. Late payments are subject to a late payment fee. Note: If you register after July 14, your payment is due at the time of registration.

The university offers a convenient deferred payment plan that permits a student to make regular monthly payments. A $45 enrollment fee and the first payment are due at the time of enrollment in the payment plan. See www.southernct.edu/bursar/faqs/paymentplanquestions/.

Go to www.southernct.edu/bursar for answers to many frequently asked questions (FAQs), or you can e-mail the Bursar through the “Ask the Bursar” link.

Federal Direct PLUS Loan

The Federal Direct PLUS Loan provides funding to credit-worthy parent borrowers to help meet the cost of their son’s/daughter’s tuition and fees, and room and board at Southern. The current interest rate is fixed at 6.41%. The interest rate is subject to change. The Department of Education charges a 4.288% fee to process the loan. Parents may request up to the student’s cost of attendance minus financial aid. Repayment of the Federal Direct PLUS Loan begins 60 days after the loan is fully disbursed to the university unless you request a deferment.

Parents who are interested in applying for the Federal Direct PLUS Loan for the 2014-2015 year should do the following:

  1. Complete the 2014-2015 FAFSA at www.fafsa.ed.gov.
  2. Complete the Direct PLUS Loan credit check process.
    1. Go to www.studentloans.gov
    2. Parent needs to sign in using his/her 4-digit FAFSA PIN number
    3. Click on “Request a PLUS Loan”
    4. Click on Parent PLUS (complete all four steps and submit)
    5. If the Direct PLUS Loan is approved, the parent needs to complete the Master Promissory Note at www.studentloans.gov.
    6. Download and complete the 2014-2015 Direct PLUS Loan Information form at www.southernct.edu/financialaid.

If the Direct PLUS Loan is denied, the Office of Financial Aid & Scholarships will offer the student an additionalDirect Unsubsidized Stafford Loan up to $4,000.